Sensex gains 296 points
Closing Bell: Stocks snap losing streak; Sensex gains 296 points
Equities staged a smart recovery Wednesday backed by positive global cues and as traders bought stocks at lower levels and covered short positions. Mirroring the trend in East Asian markets, key indices gained over 2 per cent at the high of the day, with shares of banks and capital goods leading the advance. The rally appeared to be losing momentum mid way, till heavy covering in the real estate sector saw the market close significantly higher.
“This was a pull-back rally fueled by short covering. The market had been steadily falling for the past couple of sessions and made a new low yesterday. But its looks like the Nifty will hold around 4500 level. The broad range I’m looking at is 4475-4650,” said Hitesh Sheth, head of technical research at Prabhudas Lilladher. National Stock Exchange's Nifty closed at 4523.60, up 74 points or 1.66 per cent from Tuesday. The index touched a high of 4541.05 and low of 4468.05 intraday. Bombay Stock Exchange's Sensex closed at 15,185.32, up 296 points or 1.99 per cent. The index touched a high of 15,225.81 and low of 15,009.48 during the day.
Biggest Sensex gainers were BHEL (up 7.19%), Ambuja Cements (7.17%), DLF (6.53%), HDFC Bank (4.74%), HDFC (4.1%), Bharti Airtel (3.78%) and ACC (3.09%). Index losers comprised Tata Motors (down 1.42%), Reliance Communications (1.41%), Grasim Industries (1.13%), ITC (1.09%), Maruti Suzuki (1.07%), Hindustan Unilever (0.79%) and Wipro (0.1%). Secondline stocks too picked up steam driving the BSE Mid-cap and Small-cap indices 1.42 per cent and 1.72 per cent higher respectively.
Market breadth on BSE showed 1,828 advances and 811 declines. Sector wise, the recently beaten down realty and capital goods attracted investor interest. The BSE Realty Index closed 3.07 per cent higher and BSE Capital Goods Index gained 2.44 per cent. Meanwhile, most markets in Asia, barring China and Hong Kong, ended with gains. Equities in Europe also moved higher and US index futures were indicative of a positive opening later this evening. The rupee rose against the dollar to close at 42.89. Oil prices have slumped 5.2 per cent in the past two sessions to close at $131.31 a barrel on the NYMEX Tuesday. Today however, the commodity rose to $134.60.
Source: www.Theeconomictimes.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
11 June 2008
Rediff Stories
The world's 13 top business centres
The world's most reputable companies
India's top 10 pharma firms
10 biggest falls of the Sensex
Source: www.rediff.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
The world's most reputable companies
India's top 10 pharma firms
10 biggest falls of the Sensex
Source: www.rediff.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
03 June 2008
Corporate Q4 Results from CM, MC
Capitalmrket.com
Jammu and Kashmir Bank net profit rises 32.07% in the March 2008 quarter
Adhunik Metaliks net profit rises 1.48% in the March 2008 quarter
IFB Agro Industries net profit declines 4.55% in the March 2008 quarter
Motherson Sumi Systems net profit declines 0.56% in the March 2008 quarter
PVR net profit rises 22.73% in the March 2008 quarter
Mcleod Russel India reports net loss of Rs 97.34 crore in the March 2008 quarter
Page Industries reports net profit of Rs 4.35 crore in the March 2008 quarter
Swaraj Mazda net profit rises 11.85% in the March 2008 quarter
Welspun India reports net loss of Rs 2.86 crore in the March 2008 quarter
Bank of Rajasthan net profit rises 20.80% in the March 2008 quarter
Kamat Hotels India net profit declines 45.70% in the March 2008 quarter
-----------------------
Indiaearnings.com
Educomp FY08 cons net profit at Rs 70.6 cr
Nagarjuna Construction Q4 net profit at Rs 52.63 cr
Sun Pharma Q4 cons net profit at Rs 723 cr
Deepak Fert Q4 FY08 PAT at Rs 31.3cr
Tata Tea Q4 cons net profit at Rs 113 cr
Colgate Q4 net profit up at Rs 55.6 cr
Punj Lloyd FY08 cons PAT up at 358.42 cr
Dabur Pharma FY08 net profit at Rs 98.6 cr
Sobha Dev FY08 net profit up at Rs 228.3 cr
Pricol Q4 net profit at Rs 5.25 cr
Cinemax India Q4 net profit at Rs 1.31 cr
Aegis Logistics Q4 net profit at Rs 12.03 cr
Tamil Nadu Newsprint Q4 net profit at Rs 27.38 cr
Datamatics Tech Q4 net profit at Rs 7.2 cr
Ipca Labs FY08 net up at Rs 141 cr
Orchid Chem cons FY08 net up at Rs 175.34 cr
Monsanto India Q4 net profit at Rs 12.55 cr
HPCL Q4 net profit at Rs 384.5 crore
JM Financial Q4 net profit at Rs 100.06 cr
Hindustan Dorr-Oliver Q4 net profit at Rs 9.48 cr
ICRA Q4 net profit at Rs 8.24 cr
Emami Q4 net profit at Rs 34.95 cr
Source: www.indiaearnings.com www.capitalmarket.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information. And viewers are requested to verify all results with NSE,BSE websites.
http://www.nseindia.com/marketinfo/companyinfo/online/resultslist.jsp and http://www.bseindia.com/qresann/compres.asp
Jammu and Kashmir Bank net profit rises 32.07% in the March 2008 quarter
Adhunik Metaliks net profit rises 1.48% in the March 2008 quarter
IFB Agro Industries net profit declines 4.55% in the March 2008 quarter
Motherson Sumi Systems net profit declines 0.56% in the March 2008 quarter
PVR net profit rises 22.73% in the March 2008 quarter
Mcleod Russel India reports net loss of Rs 97.34 crore in the March 2008 quarter
Page Industries reports net profit of Rs 4.35 crore in the March 2008 quarter
Swaraj Mazda net profit rises 11.85% in the March 2008 quarter
Welspun India reports net loss of Rs 2.86 crore in the March 2008 quarter
Bank of Rajasthan net profit rises 20.80% in the March 2008 quarter
Kamat Hotels India net profit declines 45.70% in the March 2008 quarter
-----------------------
Indiaearnings.com
Educomp FY08 cons net profit at Rs 70.6 cr
Nagarjuna Construction Q4 net profit at Rs 52.63 cr
Sun Pharma Q4 cons net profit at Rs 723 cr
Deepak Fert Q4 FY08 PAT at Rs 31.3cr
Tata Tea Q4 cons net profit at Rs 113 cr
Colgate Q4 net profit up at Rs 55.6 cr
Punj Lloyd FY08 cons PAT up at 358.42 cr
Dabur Pharma FY08 net profit at Rs 98.6 cr
Sobha Dev FY08 net profit up at Rs 228.3 cr
Pricol Q4 net profit at Rs 5.25 cr
Cinemax India Q4 net profit at Rs 1.31 cr
Aegis Logistics Q4 net profit at Rs 12.03 cr
Tamil Nadu Newsprint Q4 net profit at Rs 27.38 cr
Datamatics Tech Q4 net profit at Rs 7.2 cr
Ipca Labs FY08 net up at Rs 141 cr
Orchid Chem cons FY08 net up at Rs 175.34 cr
Monsanto India Q4 net profit at Rs 12.55 cr
HPCL Q4 net profit at Rs 384.5 crore
JM Financial Q4 net profit at Rs 100.06 cr
Hindustan Dorr-Oliver Q4 net profit at Rs 9.48 cr
ICRA Q4 net profit at Rs 8.24 cr
Emami Q4 net profit at Rs 34.95 cr
Source: www.indiaearnings.com www.capitalmarket.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information. And viewers are requested to verify all results with NSE,BSE websites.
http://www.nseindia.com/marketinfo/companyinfo/online/resultslist.jsp and http://www.bseindia.com/qresann/compres.asp
Labels:
Corporate Q4 Results from CM,
MC
Worst not over for Nifty?
Worst not over for Nifty?
For most retail investors, having got used to an extended bearish phase, Monday’s session was just another bad day. But technical indicators and data in the derivatives segment suggest there is more to it. And the ease with which the 50-share Nifty index crashed below the 4,800 mark — viewed as a strong support till now — may be a sign of even worse things to come. Going into Monday’s session, there was a huge build up of over 64 lakh shares in the 4,800 June put option contract.
This itself indicates that the writers of those put options were confident that the index would not fall below that mark. Just how big a support level 4,800 was being viewed as can be made out from the fact that the build-up in any other option contract of the June series was not even half of that. This huge build-up at the 4,800 put was primarily responsible for the put-call ratio of option contracts (expiring in June), rising to an unusually high level of 1.95. Even after Monday’s sell-off, the 4,800 put continues to see a build-up of over 61 lakh shares and the June put-call ratio has come down just marginally to 1.74.
On a historical basis, this points to a highly over-bought market, ready for a steep correction. With the correction having already started and things poised as they are, this simply suggests that the pain may have just started. Even Nifty June future contracts validated this as they added close to 20 lakh shares in open interest to end Monday’s session at a discount of 17.3 points — a clear reflection that fresh short positions have opened up below 4,800. That the discount on Nifty futures hardly narrowed down over that on Friday further suggests that bears were in no hurry to cover their short positions despite the significant fall on Monday.
The plunge below 4,800 has even more significance if you go by technical charts. After the carnage in January this year, the first significant bottom that the Nifty had made was at around the 4,800 mark on February 11. Even the 61.8% fibonacci retracement of the entire rally from the bottom made on March 18 to the intermediate top made on May 2 is at around 4,775. That the Nifty had found support at around 4,800 even during the late sell-off last Thursday had only created further hopes that the 4,800 mark will, in all likelihood, hold. But those hopes were belied on Monday as the Nifty broke through 4,800 as a hot knife through butter. The convincing break of all these strong supports means that the Nifty will probably now go on to taste, at least, its lows that it made in March.
Source: www.Theeconomictimes.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
For most retail investors, having got used to an extended bearish phase, Monday’s session was just another bad day. But technical indicators and data in the derivatives segment suggest there is more to it. And the ease with which the 50-share Nifty index crashed below the 4,800 mark — viewed as a strong support till now — may be a sign of even worse things to come. Going into Monday’s session, there was a huge build up of over 64 lakh shares in the 4,800 June put option contract.
This itself indicates that the writers of those put options were confident that the index would not fall below that mark. Just how big a support level 4,800 was being viewed as can be made out from the fact that the build-up in any other option contract of the June series was not even half of that. This huge build-up at the 4,800 put was primarily responsible for the put-call ratio of option contracts (expiring in June), rising to an unusually high level of 1.95. Even after Monday’s sell-off, the 4,800 put continues to see a build-up of over 61 lakh shares and the June put-call ratio has come down just marginally to 1.74.
On a historical basis, this points to a highly over-bought market, ready for a steep correction. With the correction having already started and things poised as they are, this simply suggests that the pain may have just started. Even Nifty June future contracts validated this as they added close to 20 lakh shares in open interest to end Monday’s session at a discount of 17.3 points — a clear reflection that fresh short positions have opened up below 4,800. That the discount on Nifty futures hardly narrowed down over that on Friday further suggests that bears were in no hurry to cover their short positions despite the significant fall on Monday.
The plunge below 4,800 has even more significance if you go by technical charts. After the carnage in January this year, the first significant bottom that the Nifty had made was at around the 4,800 mark on February 11. Even the 61.8% fibonacci retracement of the entire rally from the bottom made on March 18 to the intermediate top made on May 2 is at around 4,775. That the Nifty had found support at around 4,800 even during the late sell-off last Thursday had only created further hopes that the 4,800 mark will, in all likelihood, hold. But those hopes were belied on Monday as the Nifty broke through 4,800 as a hot knife through butter. The convincing break of all these strong supports means that the Nifty will probably now go on to taste, at least, its lows that it made in March.
Source: www.Theeconomictimes.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
ET Headlines
Slowdown, falling mkt demolish realty stocks
FIIs bet on macro-economic themes
India's April exports up 31.5%
Vodafone offers $2.47 bn to Telkom
Dabur in non-life JV with Liberty Mutual
Bajaj insurance richer than parent
M&M sales up 13 per cent in May
Hyundai domestic sales up 47.27 pc in May
Maruti Suzuki sales up by 16.2%
TVS Motor reports 4 pc growth in sales for May
Crompton Greaves acquires French firm
Emami prices Zandu open offer at Rs 7,315/share
India loses top investment destination slot to Vietnam
RBI wants tighter rules for some financial firms
Panic selling on election fears pulls down equities
PSL gets $418 mn pipes order in the US
Nagarjuna Construction gets orders worth Rs 250 cr
IVRCL Infra bags Rs 838-cr order from ONGC
Bennet, Coleman picks up 2.55 lakh eq shares of Lotus Eye Care
Worst not over for Nifty?
Source: The Economic Times.
FIIs bet on macro-economic themes
India's April exports up 31.5%
Vodafone offers $2.47 bn to Telkom
Dabur in non-life JV with Liberty Mutual
Bajaj insurance richer than parent
M&M sales up 13 per cent in May
Hyundai domestic sales up 47.27 pc in May
Maruti Suzuki sales up by 16.2%
TVS Motor reports 4 pc growth in sales for May
Crompton Greaves acquires French firm
Emami prices Zandu open offer at Rs 7,315/share
India loses top investment destination slot to Vietnam
RBI wants tighter rules for some financial firms
Panic selling on election fears pulls down equities
PSL gets $418 mn pipes order in the US
Nagarjuna Construction gets orders worth Rs 250 cr
IVRCL Infra bags Rs 838-cr order from ONGC
Bennet, Coleman picks up 2.55 lakh eq shares of Lotus Eye Care
Worst not over for Nifty?
Source: The Economic Times.
Rediff, Moneycontrol Stories
Rediff.com
• 'Indian tortoise will win the race'
• Sensex down 352 points
• Why oil prices are rising
• 8 mn telephone users added in Apr
• Fuel price: PM seeks consensus
• Petro price hike on June 5?
• Air fares set to go up by 8-10%
• Tatas hike car prices by up to 3%
• Oil firms’ losses at Rs 650 cr/day
Slowdown hits India Inc’s profits
Achievers
• 'My work instills self-confidence in people'
• Working from home she runs a Rs one crore company
The waiter who will be an IAS officer
Moneycontrol.com
FII outflows could send mkts to Jan lows: HSBC
Inflation may hit double-digits soon: MS
India growth story still strong: IDFC PE
Hot picks from next outperforming sector
Gokul Refoil to list on June 4
Jet, Kingfisher, Deccan, Indian hike fuel surcharge
M&M plans Turkish foray
Mkts to see 14k, recover by July-end: Astro predic...
Source: www.Theeconomictimes.com http://www.moneycontrol.com/ . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
• 'Indian tortoise will win the race'
• Sensex down 352 points
• Why oil prices are rising
• 8 mn telephone users added in Apr
• Fuel price: PM seeks consensus
• Petro price hike on June 5?
• Air fares set to go up by 8-10%
• Tatas hike car prices by up to 3%
• Oil firms’ losses at Rs 650 cr/day
Slowdown hits India Inc’s profits
Achievers
• 'My work instills self-confidence in people'
• Working from home she runs a Rs one crore company
The waiter who will be an IAS officer
Moneycontrol.com
FII outflows could send mkts to Jan lows: HSBC
Inflation may hit double-digits soon: MS
India growth story still strong: IDFC PE
Hot picks from next outperforming sector
Gokul Refoil to list on June 4
Jet, Kingfisher, Deccan, Indian hike fuel surcharge
M&M plans Turkish foray
Mkts to see 14k, recover by July-end: Astro predic...
Source: www.Theeconomictimes.com http://www.moneycontrol.com/ . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
02 June 2008
Economic Times Headlines
Anil Ambani group looks for presence in Gulf region
ICICI Bank targets 35 pc corporate credit growth
Yes Bank's take-over value could exceed $2.5 bn by 2010
QNB ties up with India's HDFC Bank
Alstom, Bharat Forge plan $500-mn power JV
SAIL replaces TCS as the highest wage payer in 2007-08
Services cos allowed to raise $100 mn abroad
Govt to impose 15 pc export duty on iron ore
Europe's Nogard to buy 9.5% in Fortune Fin
Technically speaking: Market's climbing a wall of worry
Specials
Investor's Guide
In India, the slick's showing / Prospects of vegetable oil industry look bullish
Vietnam: First domino in asia? / Techno wrap: Two-way street
Things can only get better now
Stocks are back in the limelight, here lies the catch..
Does oil sector offer smart investment opportunities in present times?
Bull's Eye /Micro Inks: Painting the town red
Derivatives diary: Confusion galore
Sugar cos: Sweet smell of success
GE: An attractive investment bet
Oil sector offers investment opportunities
For more @ http://economictimes.indiatimes.com/headlines.cms
Source: www.Theeconomictimes.com http://www.moneycontrol.com/ . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
ICICI Bank targets 35 pc corporate credit growth
Yes Bank's take-over value could exceed $2.5 bn by 2010
QNB ties up with India's HDFC Bank
Alstom, Bharat Forge plan $500-mn power JV
SAIL replaces TCS as the highest wage payer in 2007-08
Services cos allowed to raise $100 mn abroad
Govt to impose 15 pc export duty on iron ore
Europe's Nogard to buy 9.5% in Fortune Fin
Technically speaking: Market's climbing a wall of worry
Specials
Investor's Guide
In India, the slick's showing / Prospects of vegetable oil industry look bullish
Vietnam: First domino in asia? / Techno wrap: Two-way street
Things can only get better now
Stocks are back in the limelight, here lies the catch..
Does oil sector offer smart investment opportunities in present times?
Bull's Eye /Micro Inks: Painting the town red
Derivatives diary: Confusion galore
Sugar cos: Sweet smell of success
GE: An attractive investment bet
Oil sector offers investment opportunities
For more @ http://economictimes.indiatimes.com/headlines.cms
Source: www.Theeconomictimes.com http://www.moneycontrol.com/ . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
India's fastest growing companies : Business Today
Business Today presents an annual listing of India Inc.'s fastest growing large, mid-size and small companies based on their revenues.
India's fastest growing companies
India's fastest growing mid-sized companies
India's fastest growing small companies
Source: http://businesstoday.digitaltoday.in . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
India's fastest growing companies
India's fastest growing mid-sized companies
India's fastest growing small companies
Source: http://businesstoday.digitaltoday.in . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Deadpresident Blog Updates, Reports
Most Popular Pages - June 1 2008
Weekly Watch - June 1 2008
Grey Market - Bafna, Anus, Niraj Cement, Gokul Refoils
India Strategy - June 1 2008
Gujarat Gas / ITC Ltd / Punj LLoyd
IT Picks / Murdeshwar Ceramics / GSPL
Gateway Distripaks / Larsen & Tourbo / IVRCL
ACE / Tanla Solutions / Thermax
Gemini Communications / Indraprastha Gas / Sun Pharma
Source: http://www.deadpresident.blogspot.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Weekly Watch - June 1 2008
Grey Market - Bafna, Anus, Niraj Cement, Gokul Refoils
India Strategy - June 1 2008
Gujarat Gas / ITC Ltd / Punj LLoyd
IT Picks / Murdeshwar Ceramics / GSPL
Gateway Distripaks / Larsen & Tourbo / IVRCL
ACE / Tanla Solutions / Thermax
Gemini Communications / Indraprastha Gas / Sun Pharma
Source: http://www.deadpresident.blogspot.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Deadpresident blog Updates,
Reports
Subscribe to:
Posts (Atom)