Unitech FY08 cons net profit stood at Rs 1661.86 cr
Bhagyanagar India Q4 net profit at Rs 7.7 cr
Panacea Biotech Q4 net profit at Rs 24.9 cr
Global Vectra Q4 net loss at Rs 9.2 cr
JK Paper Q3 net profit at Rs 15.8 cr
Allcargo Global Q4 cons net profit at Rs 26.1 cr
Gateway Distriparks Q4 cons net profit at Rs 15.1 cr
Religare Enterprises Q4 net profit at Rs 21.92 cr
Tata Steel FY08 cons net profit up at Rs 12349.8 cr
ONGC FY08 cons profit up at Rs 19,872.26 cr
Jet Airways Q4 net loss at Rs 221.2 cr
Tata Chemicals FY08 net profit at Rs 964 cr
Patel Engg FY08 cons net profit at Rs 151.9 cr
Central Bank Q4 net profit at Rs 127.2 cr
-----------------------------
other results:
Webel Sl Energy Systems reports net loss of Rs 1.03 crore in the March 2008 quarter
Hindustan Organic Chemicals net profit declines 92.94% in the March 2008 quarter
Man Industries India net profit rises 4.49% in the March 2008 quarter
Sarda Energy & Minerals net profit rises 1807.39% in the March 2008 quarter
Numeric Power Systems net profit rises 115.05% in the year ended March 2008
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29 June 2008
28 June 2008
Nano roll out by Durga Puja : UTVi
Nano roll out by Durga Puja
Tata Motors on Saturday said its ambitious Nano project was facing cost overrun but maintained the Rs 1 lakh car could be rolled out from its Singur facility by Durga Puja.
Ravi Kant, MD, Tata Motors, after meeting West Bengal Chief Minister Buddhadev Bhattacharjee, told reporters that the entire project had been reworked at the plant site at Singur due to floods last year which had led to the cost escalation.
"We have already sunk in Rs 2000 crore", Kant said, adding earlier the project cost was pegged at Rs 1700 crore.
Stating that Tata Motors was fully committed to the Singur project, Kant said if everything went well as planned, then the Nano car would be rolled out from the plant during Durga Puja.
"We hope to start trial production during July or August" he said.
Asked whether there was a possibility of Nano being rolled out from any other plant of Tata Motors, Kant said, "Nano will be produced in West Bengal".Kant had visited the Singur plant yesterday to review progress and held long discussions with suppliers and vendors.
Source: http://www.utvi.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 .
Tata Motors on Saturday said its ambitious Nano project was facing cost overrun but maintained the Rs 1 lakh car could be rolled out from its Singur facility by Durga Puja.
Ravi Kant, MD, Tata Motors, after meeting West Bengal Chief Minister Buddhadev Bhattacharjee, told reporters that the entire project had been reworked at the plant site at Singur due to floods last year which had led to the cost escalation.
"We have already sunk in Rs 2000 crore", Kant said, adding earlier the project cost was pegged at Rs 1700 crore.
Stating that Tata Motors was fully committed to the Singur project, Kant said if everything went well as planned, then the Nano car would be rolled out from the plant during Durga Puja.
"We hope to start trial production during July or August" he said.
Asked whether there was a possibility of Nano being rolled out from any other plant of Tata Motors, Kant said, "Nano will be produced in West Bengal".Kant had visited the Singur plant yesterday to review progress and held long discussions with suppliers and vendors.
Source: http://www.utvi.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 .
Heavy selling pulls stocks down
Heavy selling pulls stocks down
Mumbai, June 27 The ‘Friday syndrome’ hit the equity market for the second week in a row, as investors, gripped by fears of galloping inflation, resorted to heavy selling.
This week, besides the high inflation figure of 11.42 per cent, there was more depressing news: oil price hit the record $142 a barrel. The US and other overseas markets fell sharply and political uncertainty at home over the Nuclear deal further dampened the market sentiment.
The benchmark index closed below 14,000-levels at 13,802, losing 620 points from its previous close.
NSE’s Nifty index dropped 179 points to 4136.65.
On last Friday, the Sensex had lost 516 points after the inflation climbed to double digits at 11.05 per cent from 8.75 per cent in the previous week.
Chain reaction
“It’s a chain of events that is pulling the market down – high inflation means high interest rate and higher input costs. Commodity prices are rising and access to capital is becoming difficult whether it is equity or debt,” said an analyst.
The market opened with a huge negative gap of 294 points , taking a cue from the heavy fall in the overnight US market and the weak opening of the Asian markets. Sensex fell to a low of 13,760 intra-day as inflation numbers came in.
Interest rate-sensitive sectors such as bank, auto and realty faced heavy selling. Bankex shed maximum of 5.34 per cent among the BSE sectoral indices, followed by Auto index (5.26 per cent), Realty index (4.45 per cent). None of the sectoral indices could escape the selling pressure.
FIIs selling out
In the current market, finding the bottom is becoming difficult. FIIs maintained their net selling position (Rs 703.11 crore), a trend witnessed over the past one month, while the domestic institutions again went for value-buying (Rs 305.71 crore as per the BSE-NSE data.) FIIs have sold equities worth Rs 10,000 crore so far in June with today’s provisional figures along with Rs 9349.60 crore worth of selling recorded by SEBI as on Thursday.The domestic mutual funds have bought equities worth approximately Rs 3,000 crore.
Large cap stocks were among those severely hit. As compared to the 4.30 per cent fall in the Sensex, BSE Midcap index fell by 3.19 per cent and the Small-cap index by 2.68 per cent.
Other stories:
Sonia lifts the curtain on polls
Unitech Q4 net down 50%
India, Pakistan agree on stand on pipeline talks
Demand for cement seen softening
Bears keep their date with Fridays
Source: Businessline. 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 .
Mumbai, June 27 The ‘Friday syndrome’ hit the equity market for the second week in a row, as investors, gripped by fears of galloping inflation, resorted to heavy selling.
This week, besides the high inflation figure of 11.42 per cent, there was more depressing news: oil price hit the record $142 a barrel. The US and other overseas markets fell sharply and political uncertainty at home over the Nuclear deal further dampened the market sentiment.
The benchmark index closed below 14,000-levels at 13,802, losing 620 points from its previous close.
NSE’s Nifty index dropped 179 points to 4136.65.
On last Friday, the Sensex had lost 516 points after the inflation climbed to double digits at 11.05 per cent from 8.75 per cent in the previous week.
Chain reaction
“It’s a chain of events that is pulling the market down – high inflation means high interest rate and higher input costs. Commodity prices are rising and access to capital is becoming difficult whether it is equity or debt,” said an analyst.
The market opened with a huge negative gap of 294 points , taking a cue from the heavy fall in the overnight US market and the weak opening of the Asian markets. Sensex fell to a low of 13,760 intra-day as inflation numbers came in.
Interest rate-sensitive sectors such as bank, auto and realty faced heavy selling. Bankex shed maximum of 5.34 per cent among the BSE sectoral indices, followed by Auto index (5.26 per cent), Realty index (4.45 per cent). None of the sectoral indices could escape the selling pressure.
FIIs selling out
In the current market, finding the bottom is becoming difficult. FIIs maintained their net selling position (Rs 703.11 crore), a trend witnessed over the past one month, while the domestic institutions again went for value-buying (Rs 305.71 crore as per the BSE-NSE data.) FIIs have sold equities worth Rs 10,000 crore so far in June with today’s provisional figures along with Rs 9349.60 crore worth of selling recorded by SEBI as on Thursday.The domestic mutual funds have bought equities worth approximately Rs 3,000 crore.
Large cap stocks were among those severely hit. As compared to the 4.30 per cent fall in the Sensex, BSE Midcap index fell by 3.19 per cent and the Small-cap index by 2.68 per cent.
Other stories:
Sonia lifts the curtain on polls
Unitech Q4 net down 50%
India, Pakistan agree on stand on pipeline talks
Demand for cement seen softening
Bears keep their date with Fridays
Source: Businessline. 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:
Heavy selling pulls stocks down
26 June 2008
RIL to begin production from KG-D6 block in Q3 of 2008
RIL to begin production from KG-D6 block in Q3 of 2008
Reliance Industries will begin oil and gas production from its prolific eastern offshore D6 block in the third quarter of 2008 calendar year, the company's junior partner Niko Resources of Canada has said.
Reliance is investing $5.2 billion to bring to production Dhirubhai-1 and 3 gas fields - two of the 18 finds made in the KG-DWN-98/3 (D6) block in Krishna Godavari basin. Alongside, it is also developing the MA oil field in the same block. Both "oil and natural gas production is expected to commence in the third calendar quarter of 2008," Niko said in its regulatory filing.
Volumes will ramp up to a targeted rate of 2.8 billion cubic feet per day (80 million standard cubic meters per day) of gas within first year of production. Peak oil output is seen at 40,000 barrels per day (2 million tons per annum).
Yesterday, the government had said that Reliance will pump 25 mmscmd gas from D6 from September and 40 mmscmd from March 2009. "The wells and facilities are substantially complete," Niko, which holds 10 per cent in D6, said. Niko said R1 exploration well in KG-D6 block added 2.2 Trillion cubic feet of reserves, while proved natural gas reserves in Dhirubhai-1 and 3 fields have more than doubled to 9.2 Tcf. Proven plus probable gas reserves in the two fields has risen by 15 per cent to 13 Tcf.
For oil field development, Reliance and Niko are investing $1.5 billion while in the second phase of gas development, the two firms would invest another $3.6 billion. Niko said conceptual studies are underway for the development of eight of the natural gas discoveries in the prolific Block. These discoveries are adjacent to Dhirubhai 1 and 3 gas fields that are currently under development. It is intended that these satellite discoveries be tied back to the Dhirubhai 1 and 3 facilities. Numerous other prospects have been identified in deeper water areas of the block, where further upside potential will be evaluated.
Reliance is currently drilling MK-1 Cretaceous exploration well, which is 11 km from the MA oil development. Of the $5.2 billion Phase-I investment, Reliance and Niko had sunk-in 2.58 billion dollar by March 31, 2008. In September 2007, the government approved the pricing formula for the sale of natural gas to be produced from the D6 Block, which currently results in a gas price of USD 4.2 per million British thermal unit.
Niko said the wells, the floating production, storage and offloading vessel (FPSO) and other facilities for the MA oil field are substantially complete. The initial field development costs, excluding the FPSO, are estimated at USD 1.5 billion and USD 400 million had been spent until March 31, 2008. The expected oil production from the MA field in the D6 Block will be sold at international market prices. Reliance, which holds 90 per cent sake in the 7,645 sq km KG-D6 block, won the block in the government's first international bid round in 1999. "Development of the Dhirubhai 1 and 3 natural gas fields and the MA oil field is substantially complete and exploration is ongoing on this block," Niko added.
Source: http://economictimes.indiatimes.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 .
Reliance Industries will begin oil and gas production from its prolific eastern offshore D6 block in the third quarter of 2008 calendar year, the company's junior partner Niko Resources of Canada has said.
Reliance is investing $5.2 billion to bring to production Dhirubhai-1 and 3 gas fields - two of the 18 finds made in the KG-DWN-98/3 (D6) block in Krishna Godavari basin. Alongside, it is also developing the MA oil field in the same block. Both "oil and natural gas production is expected to commence in the third calendar quarter of 2008," Niko said in its regulatory filing.
Volumes will ramp up to a targeted rate of 2.8 billion cubic feet per day (80 million standard cubic meters per day) of gas within first year of production. Peak oil output is seen at 40,000 barrels per day (2 million tons per annum).
Yesterday, the government had said that Reliance will pump 25 mmscmd gas from D6 from September and 40 mmscmd from March 2009. "The wells and facilities are substantially complete," Niko, which holds 10 per cent in D6, said. Niko said R1 exploration well in KG-D6 block added 2.2 Trillion cubic feet of reserves, while proved natural gas reserves in Dhirubhai-1 and 3 fields have more than doubled to 9.2 Tcf. Proven plus probable gas reserves in the two fields has risen by 15 per cent to 13 Tcf.
For oil field development, Reliance and Niko are investing $1.5 billion while in the second phase of gas development, the two firms would invest another $3.6 billion. Niko said conceptual studies are underway for the development of eight of the natural gas discoveries in the prolific Block. These discoveries are adjacent to Dhirubhai 1 and 3 gas fields that are currently under development. It is intended that these satellite discoveries be tied back to the Dhirubhai 1 and 3 facilities. Numerous other prospects have been identified in deeper water areas of the block, where further upside potential will be evaluated.
Reliance is currently drilling MK-1 Cretaceous exploration well, which is 11 km from the MA oil development. Of the $5.2 billion Phase-I investment, Reliance and Niko had sunk-in 2.58 billion dollar by March 31, 2008. In September 2007, the government approved the pricing formula for the sale of natural gas to be produced from the D6 Block, which currently results in a gas price of USD 4.2 per million British thermal unit.
Niko said the wells, the floating production, storage and offloading vessel (FPSO) and other facilities for the MA oil field are substantially complete. The initial field development costs, excluding the FPSO, are estimated at USD 1.5 billion and USD 400 million had been spent until March 31, 2008. The expected oil production from the MA field in the D6 Block will be sold at international market prices. Reliance, which holds 90 per cent sake in the 7,645 sq km KG-D6 block, won the block in the government's first international bid round in 1999. "Development of the Dhirubhai 1 and 3 natural gas fields and the MA oil field is substantially complete and exploration is ongoing on this block," Niko added.
Source: http://economictimes.indiatimes.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 .
Tata Steel FY08 net zooms 195%
Tata Steel FY08 net zooms 195%
Mumbai: Tata Steel Group has posted a three-fold jump in its consolidated net profit at Rs 12,349.98 crore for the year ended March 31, 2008 (FY08) when compared with Rs 4,177.27 crore for FY07.
According to an official release issued by the company to the BSE today, total income has increased to Rs 1,32,110.09 crore for the year ended March 31, 2008, from Rs 25,650.45 crore for the year ended March 31, 2007.
On a stand-alone basis, the company has posted a net profit of Rs 4,687.03 crore for FY08 as compared to Rs 4,222.15 crore for the year ended March 31, 2007.
Total income has increased to Rs 20,028.28 crore for FY08 from Rs 17,984.76 crore for FY07.
The board of the company has recommended a dividend of 160%, i.e. Rs 16/share for FY08.UTVi spoke exclusively to Philip Varin, CEO, Corus, who said that the increase in whole material costs is inevitable.
While , B Muthuraman, MD of Tata Steel, believes that India's demand for steel would increase, despite stagnant growth."We have contracts...one year contracts. In a situation when an increase in the material costs happen, in time it will become comfortable as we are able pass this cost increase to our consumers," said Philip Varin, CEO, Corus.
"Growth could go down to 6-6.5%. If you look at steel, India imported 6-7 million tonne last year as opposed to 8-9 million tonne this year. India's demand for steel will increase irrespective of stagnant growth," said B Muthuraman , MD, Tata Steel.
---------------------------------------------
Other Corporate stories from Reuters INdia
India may see snap poll after nuclear deal end game
Chidambaram: double digit inflation to last some weeks - TV
Wall St drops on banking worries, tech outlook
SBI raises lending rate by 50 basis points
Tata Steel profit rises on Corus /India's Tata Steel FY08 consol net $2.9 bln
Union Bank raises prime lending rate by 50 bps
S&P cuts India 08/09 GDP growth forecast to 7.8 pct
Rupee at 3-wk high on firm stocks, softer oil
Source: http://www.utvi.com and http://in.reuters.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
Mumbai: Tata Steel Group has posted a three-fold jump in its consolidated net profit at Rs 12,349.98 crore for the year ended March 31, 2008 (FY08) when compared with Rs 4,177.27 crore for FY07.
According to an official release issued by the company to the BSE today, total income has increased to Rs 1,32,110.09 crore for the year ended March 31, 2008, from Rs 25,650.45 crore for the year ended March 31, 2007.
On a stand-alone basis, the company has posted a net profit of Rs 4,687.03 crore for FY08 as compared to Rs 4,222.15 crore for the year ended March 31, 2007.
Total income has increased to Rs 20,028.28 crore for FY08 from Rs 17,984.76 crore for FY07.
The board of the company has recommended a dividend of 160%, i.e. Rs 16/share for FY08.UTVi spoke exclusively to Philip Varin, CEO, Corus, who said that the increase in whole material costs is inevitable.
While , B Muthuraman, MD of Tata Steel, believes that India's demand for steel would increase, despite stagnant growth."We have contracts...one year contracts. In a situation when an increase in the material costs happen, in time it will become comfortable as we are able pass this cost increase to our consumers," said Philip Varin, CEO, Corus.
"Growth could go down to 6-6.5%. If you look at steel, India imported 6-7 million tonne last year as opposed to 8-9 million tonne this year. India's demand for steel will increase irrespective of stagnant growth," said B Muthuraman , MD, Tata Steel.
---------------------------------------------
Other Corporate stories from Reuters INdia
India may see snap poll after nuclear deal end game
Chidambaram: double digit inflation to last some weeks - TV
Wall St drops on banking worries, tech outlook
SBI raises lending rate by 50 basis points
Tata Steel profit rises on Corus /India's Tata Steel FY08 consol net $2.9 bln
Union Bank raises prime lending rate by 50 bps
S&P cuts India 08/09 GDP growth forecast to 7.8 pct
Rupee at 3-wk high on firm stocks, softer oil
Source: http://www.utvi.com and http://in.reuters.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
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Tata Steel FY08 net zooms 195%
Mkts: Sensex gains over 200 pts; RIL shines
Mkts: Sensex gains over 200 pts; RIL shines
Taking cues from firm global markets, equities opened on a rousing note on the major Indian bourses this morning. But a strong wave of selling that erupted in late morning trades, pushed the Sensex by over 200 points from an early high and down into the red around noon.
However, thanks to some frenzied buying - largely on short-covering due to expiry of June series derivatives contracts - in a few blue chip stocks, including heavyweight Reliance Industries, the barometer bounced back smartly and signed off on a positive note this afternoon. Besides a few oil majors, some key stocks from information technology, metal and auto sectors also ended on a high note today.
While the Sensex ended with a gain of 201.75 points or 1.42% at 14,421.82, around 28 points down from its intra-day high of 14,449.81, the Nifty settled at 4315.85 with a gain of 63.20 points or 1.49%. In intra-day trades today, the Nifty hit a high of 4324.75 and a low of 4230.
Reliance Industries ended the day with a handsome gain of 4.9% on strong volumes. Ambuja Cements, the top gainer among Sensex stocks, closed 6% up at Rs 87.50. Wipro moved up by 5.15%. Cipla ended stronger by 4.4%.
Satyam Computer Services, Tata Motors and HDFC gained 3% - 3.5%. ITC and Mahindra & Mahindra advanced by 2.7% and 2.35% respectively. Larsen & Toubro, Tata Steel, Infosys Technologies, Reliance Infrastructure and State Bank of India gained 1% - 2%. ACC and ONGC ended with modest gains while ICICI Bank and Tata Consultancy Services closed flat.
Reliance Communications, Maruti Suzuki, Hindalco, Ranbaxy Laboratories, DLF, Hindustan Unilever, Bharti Airtel, HDFC Bank and NTPC closed with sharp losses. Jaiprakash Associates, Grasim Industries and BHEL also finished on a weak note.
Tata Communications (up 9.3% to Rs 394.15) was the biggest gainer in the Nifty pack. Power Grid shot up by 5.7%. HCL Technologies notched up a handsome gain of 5.4%. GAIL India, Sun Pharmaceuticals, SAIL, Nalco, Reliance Petroleum, Hero Honda, ABB, Tata Power, Unitech, Sterlite Industries, Cairn India and Siemens also ended on a highly positive note today.
Following the Union Cabinet approving the new fertiliser policy, fertiliser stocks had a nice ride up the charts today. Chambal Fertilizers, Nagarjuna Fertilizers & Chemicals, Gujarat State Fertilizers, Rashtriya Chemicals & Fertilizers, National Fertilizers and Tata Chemicals, all had a good run in the positive zone today.
Despite enjoying a good spell in the positive territory, several midcap stocks ended the day on a weak note due to selling at higher levels. However, a number of smallcap stocks held on to their gains. The market breadth was positive. Out of 2698 stocks traded on BSE, 1483 stocks ended on a winning note. 1143 stocks closed with losses and 72 stocks ended at their previous closing levels.
Source: http://www.sify.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 .
Taking cues from firm global markets, equities opened on a rousing note on the major Indian bourses this morning. But a strong wave of selling that erupted in late morning trades, pushed the Sensex by over 200 points from an early high and down into the red around noon.
However, thanks to some frenzied buying - largely on short-covering due to expiry of June series derivatives contracts - in a few blue chip stocks, including heavyweight Reliance Industries, the barometer bounced back smartly and signed off on a positive note this afternoon. Besides a few oil majors, some key stocks from information technology, metal and auto sectors also ended on a high note today.
While the Sensex ended with a gain of 201.75 points or 1.42% at 14,421.82, around 28 points down from its intra-day high of 14,449.81, the Nifty settled at 4315.85 with a gain of 63.20 points or 1.49%. In intra-day trades today, the Nifty hit a high of 4324.75 and a low of 4230.
Reliance Industries ended the day with a handsome gain of 4.9% on strong volumes. Ambuja Cements, the top gainer among Sensex stocks, closed 6% up at Rs 87.50. Wipro moved up by 5.15%. Cipla ended stronger by 4.4%.
Satyam Computer Services, Tata Motors and HDFC gained 3% - 3.5%. ITC and Mahindra & Mahindra advanced by 2.7% and 2.35% respectively. Larsen & Toubro, Tata Steel, Infosys Technologies, Reliance Infrastructure and State Bank of India gained 1% - 2%. ACC and ONGC ended with modest gains while ICICI Bank and Tata Consultancy Services closed flat.
Reliance Communications, Maruti Suzuki, Hindalco, Ranbaxy Laboratories, DLF, Hindustan Unilever, Bharti Airtel, HDFC Bank and NTPC closed with sharp losses. Jaiprakash Associates, Grasim Industries and BHEL also finished on a weak note.
Tata Communications (up 9.3% to Rs 394.15) was the biggest gainer in the Nifty pack. Power Grid shot up by 5.7%. HCL Technologies notched up a handsome gain of 5.4%. GAIL India, Sun Pharmaceuticals, SAIL, Nalco, Reliance Petroleum, Hero Honda, ABB, Tata Power, Unitech, Sterlite Industries, Cairn India and Siemens also ended on a highly positive note today.
Following the Union Cabinet approving the new fertiliser policy, fertiliser stocks had a nice ride up the charts today. Chambal Fertilizers, Nagarjuna Fertilizers & Chemicals, Gujarat State Fertilizers, Rashtriya Chemicals & Fertilizers, National Fertilizers and Tata Chemicals, all had a good run in the positive zone today.
Despite enjoying a good spell in the positive territory, several midcap stocks ended the day on a weak note due to selling at higher levels. However, a number of smallcap stocks held on to their gains. The market breadth was positive. Out of 2698 stocks traded on BSE, 1483 stocks ended on a winning note. 1143 stocks closed with losses and 72 stocks ended at their previous closing levels.
Source: http://www.sify.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 .
25 June 2008
Equities snap losing streak: RIL ends 4% up
Equities snap losing streak: RIL ends 4% up
Short covering ahead of expiry, Nifty support at 4100
Fresh buying as well as short covering at lower levels saw equities close higher Wednesday. Gains in heavy weight Reliance Industries and ONGC supported the benchmarks while losses in HDFC capped gains.
Bombay Stock Exchange’s Sensex closed at 14,234.79, up 128 points or 0.90 per cent. The index touched a high of 14,248.65 and low of 13,731.54 in the day. National Stock Exchange’s Nifty ended at 4,249.65 up 58.55 points or 1.39 per cent. The broader-Index touched an intra-day high of 4,264.55 and low of 4,093.20.
BSE Midcap Index closed 0.59 per cent higher at 5,746.66 and BSE Smallcap Index ended 0.74 per cent up at 7,058. Biggest Sensex gainers were Reliance Communications (up 7.2%), Tata Steel (4.46%), DLF (4.19%), Reliance Infrastructure (4.17%), Tata Consultancy Services (4%) and Bharti Airtel (3.98%). HDFC (down 4.29%), Wipro (2.91%), Cipla (2.75%), Infosys Technologies (2.48%) and ITC (2.46%) were the losers. Market breadth turned positive with 1382 advances and 1251 declines. (All figures are provisional) .
Equities snap losing streak: RIL ends 4% up
Sensex regains lost ground; Tata Steel, TCS support
Nifty June flat to spot; oil & gas, metals gain
Nifty holds gains; global cues aid
Short covering in oil & gas, Nifty June discount widens
Market recoups losses, but banks still suffer
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Mkts end higher led by short covering; shrug off rate hike
It was a smart pull back rally for the markets on strong volumes in last one hour of trade after remained volatile for major part of the day, ahead of F&O expiry day for the month of June. It was mainly because of short covering in the F&O market, which has started in yesterday's trade. It shrugged off completely the effect of RBIs move, which hiked Repo rate and CRR by 50 bps each yesterday. Rally in late trade led by oil, telecom, and select metal, IT and capital goods stocks. Midcap and small cap stocks also bounced back.
Markets had witnessed sharp sell off in opening trade due to RBI's move but managed to show sharp recovery in the first one hour of trade itself and turned into choppy mode since then. The Nifty went below 4100 mark and the Sensex below 14000 in early trade. But due to smart buying support and short covering in F&O, markets jumped up in late trade.
The Sensex has recovered nearly 488 points and the Nifty 159 points from day's low of 13,731.54 and 4093.20, respectively. The Nifty closed at 4252.65, up 61.55 points or 1.47% and the Sensex at 14,220.07, up 113.49 points or 0.8% after hitting an intraday high of 4264.55 and 14,248.65.
Main contributors in today's rally were Reliance Industries, Reliance Comm, Bharti Airtel, Tata Steel, BHEL, TCS, DLF and ONGC.Amongst frontliners, Unitech was up 7.87%, Reliance Communication 7.30%, Tata Steel 4.43%, DLF 4.30% and Reliance Infrastructure 4.17% while HDFC lost -4.29%, Wipro -2.91%, Cipla -2.54%, Infosys -2.48% and Power Grid Corp -2.76%.
More @Mkts end higher led by short covering; shrug off rate hike
Buzzers-
LG Bros up 20%; Renold to acquire Industrial Chain Biz Of~LG Balakrishnan For 5.7 m Pounds-Niraj Cem up 20%; Recent listing-
GHCL up 10%; Dow Chem to increase prices by another 25% in July-
Spice up 17.2%; market believes that Spice group will pump more money in Spice Mobile
-Sasken Comm, HOEC, BOI, Punj Lloyd, Shree Renuka, Rel Cap.
F&O Snapshot
Nifty rollover at 53%, Market wide at 53%
Short covering seen in the Nifty futures
Nifty June at 8 pts discount Vs 19 pts disc in the morning
July futures at 42 pts disc Vs 50.7 pts disc in the morning
Cement and construction continued to witness strong rollovers
Options:
Nifty 4200 July call adds 12.9 lakh shares
Nifty 4300 July call adds 10.3 lakh shares
Nifty 4000 July put adds 6.8 lakh shares
Star Trade:Sasken up 14%; adds 2.4 lakh shares in July
Fresh Longs:Hind Oil up 9%; adds 12 lakh shares in JulyCentury Text up 9.3%; adds 5.5 lakh shares in JulyBombay Deying up 8.4%; adds 2.1 lakh shares in JulyEssar Oil up 4.3%; adds 8.6 lakh shares in JulyReliance Ind up 3.5%; adds 16.7 lakhs shares in July Tata Steel up 3.8%; adds 21.9 lakh shares in JulyRPL up 4.5%; adds 1.1 cr shares in July SAIL up 3.2%; adds 55 lakh shares in July
Short Covering:Bank of India up 8.5%; sheds 1.7 lakh shares in July
Fresh Short :Oriental Bank dn 6%; adds 3.3 lakh shares in JulyYes Bank dn 4.5%; adds 6.6 lakh shares in July.
Source: ET, Moneycontrol.com
Short covering ahead of expiry, Nifty support at 4100
Fresh buying as well as short covering at lower levels saw equities close higher Wednesday. Gains in heavy weight Reliance Industries and ONGC supported the benchmarks while losses in HDFC capped gains.
Bombay Stock Exchange’s Sensex closed at 14,234.79, up 128 points or 0.90 per cent. The index touched a high of 14,248.65 and low of 13,731.54 in the day. National Stock Exchange’s Nifty ended at 4,249.65 up 58.55 points or 1.39 per cent. The broader-Index touched an intra-day high of 4,264.55 and low of 4,093.20.
BSE Midcap Index closed 0.59 per cent higher at 5,746.66 and BSE Smallcap Index ended 0.74 per cent up at 7,058. Biggest Sensex gainers were Reliance Communications (up 7.2%), Tata Steel (4.46%), DLF (4.19%), Reliance Infrastructure (4.17%), Tata Consultancy Services (4%) and Bharti Airtel (3.98%). HDFC (down 4.29%), Wipro (2.91%), Cipla (2.75%), Infosys Technologies (2.48%) and ITC (2.46%) were the losers. Market breadth turned positive with 1382 advances and 1251 declines. (All figures are provisional) .
Equities snap losing streak: RIL ends 4% up
Sensex regains lost ground; Tata Steel, TCS support
Nifty June flat to spot; oil & gas, metals gain
Nifty holds gains; global cues aid
Short covering in oil & gas, Nifty June discount widens
Market recoups losses, but banks still suffer
--------------------------------------------
Mkts end higher led by short covering; shrug off rate hike
It was a smart pull back rally for the markets on strong volumes in last one hour of trade after remained volatile for major part of the day, ahead of F&O expiry day for the month of June. It was mainly because of short covering in the F&O market, which has started in yesterday's trade. It shrugged off completely the effect of RBIs move, which hiked Repo rate and CRR by 50 bps each yesterday. Rally in late trade led by oil, telecom, and select metal, IT and capital goods stocks. Midcap and small cap stocks also bounced back.
Markets had witnessed sharp sell off in opening trade due to RBI's move but managed to show sharp recovery in the first one hour of trade itself and turned into choppy mode since then. The Nifty went below 4100 mark and the Sensex below 14000 in early trade. But due to smart buying support and short covering in F&O, markets jumped up in late trade.
The Sensex has recovered nearly 488 points and the Nifty 159 points from day's low of 13,731.54 and 4093.20, respectively. The Nifty closed at 4252.65, up 61.55 points or 1.47% and the Sensex at 14,220.07, up 113.49 points or 0.8% after hitting an intraday high of 4264.55 and 14,248.65.
Main contributors in today's rally were Reliance Industries, Reliance Comm, Bharti Airtel, Tata Steel, BHEL, TCS, DLF and ONGC.Amongst frontliners, Unitech was up 7.87%, Reliance Communication 7.30%, Tata Steel 4.43%, DLF 4.30% and Reliance Infrastructure 4.17% while HDFC lost -4.29%, Wipro -2.91%, Cipla -2.54%, Infosys -2.48% and Power Grid Corp -2.76%.
More @Mkts end higher led by short covering; shrug off rate hike
Buzzers-
LG Bros up 20%; Renold to acquire Industrial Chain Biz Of~LG Balakrishnan For 5.7 m Pounds-Niraj Cem up 20%; Recent listing-
GHCL up 10%; Dow Chem to increase prices by another 25% in July-
Spice up 17.2%; market believes that Spice group will pump more money in Spice Mobile
-Sasken Comm, HOEC, BOI, Punj Lloyd, Shree Renuka, Rel Cap.
F&O Snapshot
Nifty rollover at 53%, Market wide at 53%
Short covering seen in the Nifty futures
Nifty June at 8 pts discount Vs 19 pts disc in the morning
July futures at 42 pts disc Vs 50.7 pts disc in the morning
Cement and construction continued to witness strong rollovers
Options:
Nifty 4200 July call adds 12.9 lakh shares
Nifty 4300 July call adds 10.3 lakh shares
Nifty 4000 July put adds 6.8 lakh shares
Star Trade:Sasken up 14%; adds 2.4 lakh shares in July
Fresh Longs:Hind Oil up 9%; adds 12 lakh shares in JulyCentury Text up 9.3%; adds 5.5 lakh shares in JulyBombay Deying up 8.4%; adds 2.1 lakh shares in JulyEssar Oil up 4.3%; adds 8.6 lakh shares in JulyReliance Ind up 3.5%; adds 16.7 lakhs shares in July Tata Steel up 3.8%; adds 21.9 lakh shares in JulyRPL up 4.5%; adds 1.1 cr shares in July SAIL up 3.2%; adds 55 lakh shares in July
Short Covering:Bank of India up 8.5%; sheds 1.7 lakh shares in July
Fresh Short :Oriental Bank dn 6%; adds 3.3 lakh shares in JulyYes Bank dn 4.5%; adds 6.6 lakh shares in July.
Source: ET, Moneycontrol.com
Working from home she runs a Rs one crore company: Rediff Special
Working from home she runs a Rs one crore company
That's very easy," laughs Namita Sibal when asked how she manages both business and family. The 35-year-old mother of two, along with friend Manisha Gupta started indianartcollectors.com a Web site that acts as a platform between art collectors and artists/painters.
Her day begins at 6.30. After packing off her kids to school and husband to office ("husbands are like children too", she chuckles) by 9.30 she gets back to work. Two hours of web surfing later she goes to the gym for an hour.
By the time her children come back home at 2.30 pm she has almost done a good part of her job.
"It is such an easy business model and that's why I opted for it," she says about indianartcollectors. In just three years this team of two has notched revenue of Rs 60 lakh just by helping get art collectors (buyers) and artists (sellers) together. They estimate to end the year 2008 with a revenue of Rs one crore says an emphatic Namita.
Here she discusses the story behind Indianartcollectors and how the business actually works with rediff.com's Prasanna D Zore.
More @ http://www.rediff.com/getahead/2008/may/20namita.htm
Other Rediff specials:
7 investment risks and how to deal with them
How to use credit card reward points
How to cut down your fuel bill
Information You Can Use
• CIMAP opens PhD admissions• Want a career in the airlines?
• Diploma in Business Admin• • BE, BTech, ME, MTech progs
• Interested in nano technology? • PG degrees in management
• Diploma in Computer Appns• IGNOU's BA in Intl Hospitality
• XIME opens Exec MBA prog• Distance Engg & Mgmt progs
• IMTECH opens PhD progs• IIM-L's executive MBA• Want a foreign MBA?
Source: http://www.rediff.com/getahead/index.html. 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
That's very easy," laughs Namita Sibal when asked how she manages both business and family. The 35-year-old mother of two, along with friend Manisha Gupta started indianartcollectors.com a Web site that acts as a platform between art collectors and artists/painters.
Her day begins at 6.30. After packing off her kids to school and husband to office ("husbands are like children too", she chuckles) by 9.30 she gets back to work. Two hours of web surfing later she goes to the gym for an hour.
By the time her children come back home at 2.30 pm she has almost done a good part of her job.
"It is such an easy business model and that's why I opted for it," she says about indianartcollectors. In just three years this team of two has notched revenue of Rs 60 lakh just by helping get art collectors (buyers) and artists (sellers) together. They estimate to end the year 2008 with a revenue of Rs one crore says an emphatic Namita.
Here she discusses the story behind Indianartcollectors and how the business actually works with rediff.com's Prasanna D Zore.
More @ http://www.rediff.com/getahead/2008/may/20namita.htm
Other Rediff specials:
7 investment risks and how to deal with them
How to use credit card reward points
How to cut down your fuel bill
Information You Can Use
• CIMAP opens PhD admissions• Want a career in the airlines?
• Diploma in Business Admin• • BE, BTech, ME, MTech progs
• Interested in nano technology? • PG degrees in management
• Diploma in Computer Appns• IGNOU's BA in Intl Hospitality
• XIME opens Exec MBA prog• Distance Engg & Mgmt progs
• IMTECH opens PhD progs• IIM-L's executive MBA• Want a foreign MBA?
Source: http://www.rediff.com/getahead/index.html. 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
Hot Jobs from CoolAvenues.com
Source: Coolavenues.com
Marketing/ Sales/ Advertising
24 June 2008 - Service Manager A Leading Player in Domestic Telecom Market
23 June 2008 - AVP / VP - Residential One of the Fortune 100 Companies
23 June 2008 - HEAD / VP / AVP - Strategic Consulting & Research One of the Leading Fortune 100 Global Companies
23 June 2008 - Territory Sales Manager One of the World's Leading ERP Solution Providers
23 June 2008 - Proposal / Integration Lead Satyam Computer Services Ltd.
23 June 2008 - Pre-sales Team Lead Satyam Computer Services Ltd.
23 June 2008 - President - Sales & Marketing - Real Estate Development A 10,000+ Crore Group into Real Estate Development, Construction & Infrastructure
23 June 2008 - CEO - Real Estate Development A 10,000+ Crore Group into Real Estate Development, Construction & Infrastructure
23 June 2008 - COO - Corporate / ON Premises A Top Textile / Garment Group
------------------------------------------------------------------
Finance/ Banking
23 June 2008 - AVP - Legal A Leading Fortune 100 Financial Company
23 June 2008 - HEAD / VP / AVP - Strategic Consulting & Research One of the Leading Fortune 100 Global Companies
20 June 2008 - Associate / Sr. Associate One of the Largest & Most Successful Private Equity Firms
18 June 2008 - Manager Capgemini Consulting India Pvt. Ltd.
14 June 2008 - Manager / Sr. Manager - Project Feasibility & Site Appraisal A Leading Private Equity Firm
------------------------------------
HR
22 June 2008 - Assistant Manager - Talent Assessment Birla Sunlife Insurance Company Ltd.
19 June 2008 - VP - Employee Engagement A Leading MNC Bank
19 June 2008 - VP - Compensation & Benefits A Leading MNC Bank
18 June 2008 - GM - Employee Relations No. 1 Group in India, which is into many businesses
18 June 2008 - GM - Talent Management & Organization Effectiveness No. 1 Group in India, which is into many businesses
14 June 2008 - Consultant Top HR Consulting Firm
--------------------------------------
Technology
24 June 2008 - Change Manager One of the Top 3 Companies in the Domestic IT Market
24 June 2008 - Enterprise Architect - Technology Platforms One of the Top 3 Companies in the Domestic IT Market
23 June 2008 - Territory Sales Manager One of the World's Leading ERP Solution Providers
23 June 2008 - Proposal / Integration Lead Satyam Computer Services Ltd.
23 June 2008 - Pre-sales Team Lead Satyam Computer Services Ltd.
23 June 2008 - Client Manager One of the Fastest-Growing System Integration Company in India & Asia Pacific
23 June 2008 - Sr. Account Manager - Enterprise Sales One of the Top 3 Companies in the Domestic IT Market
19 June 2008 - Product Technical Specialist Second Largest IT Products Distributor in Domestic Market
19 June 2008 - Product Sales Specialist Second Largest IT Products Distributor in Domestic Market
19 June 2008 - Business Development Manager - Governmant Sales Wipro Infotech
19 June 2008 - Software Analyst Tuxedo Wipro Infotech
19 June 2008 - Sales Manager - Server One of the Top 3 Companies in the Domestic IT Market
Source: http://www.coolavenues.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
Marketing/ Sales/ Advertising
24 June 2008 - Service Manager A Leading Player in Domestic Telecom Market
23 June 2008 - AVP / VP - Residential One of the Fortune 100 Companies
23 June 2008 - HEAD / VP / AVP - Strategic Consulting & Research One of the Leading Fortune 100 Global Companies
23 June 2008 - Territory Sales Manager One of the World's Leading ERP Solution Providers
23 June 2008 - Proposal / Integration Lead Satyam Computer Services Ltd.
23 June 2008 - Pre-sales Team Lead Satyam Computer Services Ltd.
23 June 2008 - President - Sales & Marketing - Real Estate Development A 10,000+ Crore Group into Real Estate Development, Construction & Infrastructure
23 June 2008 - CEO - Real Estate Development A 10,000+ Crore Group into Real Estate Development, Construction & Infrastructure
23 June 2008 - COO - Corporate / ON Premises A Top Textile / Garment Group
------------------------------------------------------------------
Finance/ Banking
23 June 2008 - AVP - Legal A Leading Fortune 100 Financial Company
23 June 2008 - HEAD / VP / AVP - Strategic Consulting & Research One of the Leading Fortune 100 Global Companies
20 June 2008 - Associate / Sr. Associate One of the Largest & Most Successful Private Equity Firms
18 June 2008 - Manager Capgemini Consulting India Pvt. Ltd.
14 June 2008 - Manager / Sr. Manager - Project Feasibility & Site Appraisal A Leading Private Equity Firm
------------------------------------
HR
22 June 2008 - Assistant Manager - Talent Assessment Birla Sunlife Insurance Company Ltd.
19 June 2008 - VP - Employee Engagement A Leading MNC Bank
19 June 2008 - VP - Compensation & Benefits A Leading MNC Bank
18 June 2008 - GM - Employee Relations No. 1 Group in India, which is into many businesses
18 June 2008 - GM - Talent Management & Organization Effectiveness No. 1 Group in India, which is into many businesses
14 June 2008 - Consultant Top HR Consulting Firm
--------------------------------------
Technology
24 June 2008 - Change Manager One of the Top 3 Companies in the Domestic IT Market
24 June 2008 - Enterprise Architect - Technology Platforms One of the Top 3 Companies in the Domestic IT Market
23 June 2008 - Territory Sales Manager One of the World's Leading ERP Solution Providers
23 June 2008 - Proposal / Integration Lead Satyam Computer Services Ltd.
23 June 2008 - Pre-sales Team Lead Satyam Computer Services Ltd.
23 June 2008 - Client Manager One of the Fastest-Growing System Integration Company in India & Asia Pacific
23 June 2008 - Sr. Account Manager - Enterprise Sales One of the Top 3 Companies in the Domestic IT Market
19 June 2008 - Product Technical Specialist Second Largest IT Products Distributor in Domestic Market
19 June 2008 - Product Sales Specialist Second Largest IT Products Distributor in Domestic Market
19 June 2008 - Business Development Manager - Governmant Sales Wipro Infotech
19 June 2008 - Software Analyst Tuxedo Wipro Infotech
19 June 2008 - Sales Manager - Server One of the Top 3 Companies in the Domestic IT Market
Source: http://www.coolavenues.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
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