Investor's Guide from ET
Economic slowdown is no longer academic prophecy
Time for the Tsunami / Currency futures: Best of both worlds
Mkt in an intermediate uptrend I 20 Microns: Mining for more
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Market in an intermediate uptrend8 Sep, 2008, 0412 hrs IST, Deepak Mohoni
The main indices crossed their intermediate uptrend trigger levels last Monday. The CNX Midcap index was already in an uptrend.
Time for the Tsunami 8 Sep, 2008, 0404 hrs IST, Shakti Shankar Patra
For the theory that this article has been propounding for the past few weeks - the Nifty not budging anywhere until the Dow Jones Industrial Average breaks out above 11,750 or below 11,000.
Cement sector feels the pinch of slowdown 8 Sep, 2008, 0359 hrs IST, Shikha Sharma
The cement sector is feeling the pinch of a slowdown in sales growth as well as shrinking profits.While small and medium companies have reported higher topline growth than large firms, they have fared poorly in terms of net profit
Austral Coke for long-term investors 8 Sep, 2008, 0355 hrs IST, Santanu Mishra
Austral Coke’s expansion plans look ambitious, but they come with their own execution risks. Only long-term investors should buy this scrip.
Increasing consumption of high-grade stainless steel 8 Sep, 2008, 0350 hrs IST, Santanu Mishra
A prosperous middle class and rising industry growth will ensure an increase in the consumption of high-grade stainless steel in the country.
Best of both worlds 8 Sep, 2008, 0350 hrs IST, Devangi Joshi
With a modest margin requirement, investors can easily use currency futures to hedge their positions in the commodity market and vice versa.
High & dry 8 Sep, 2008, 0348 hrs IST, Ramkrishna Kashelkar
A long-lead project, risky nature of business and steep pricing make Chemcel Biotech’s IPO unattractive.
Mining for more 8 Sep, 2008, 0346 hrs IST, Ramkrishna Kashelkar
Given 20 Microns’ expansion plans and likely boost in profitability, investors can subscribe to the IPO with a long-term outlook.
Strained economy appears to be sapping capital goods industry 8 Sep, 2008, 0343 hrs IST, Ashish Agrawal
But with no let-up in the sector’s order bookings & backlog and core operations strongly contributing to profits, things can look up for the sector in future.
Bull's eye 8 Sep, 2008, 0342 hrs IST
Merrill Lynch has maintained its ‘underperform’ rating on Raymond as the near-term earnings will remain subdued with denim continuing to be a huge drag on overall performance.
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Week Ahead: Large gains seem unlikely - BS
The market swung sharply up in one session and plunged through the rest of the week. The Nifty closed at 4,352.3 points for a nominal week-on-week loss of 0.2 per cent. The Sensex lost 0.5 per cent to close at 14,564 points. The rupee lost ground steadily and the Defty lost over 2 per cent as a result. The FIIs were heavy net sellers and the local institutions were net buyers.
Breadth signals turned sharply negative on Friday. Volumes improved slightly from the past week. The Bank Nifty and the CNXIT both registered gains but almost every other sector lost a little ground. The Junior was down 0.5 per cent while the BSE 500 was down 0.3 per cent.
Outlook: The short-term trend is clearly negative. The intermediate trend may be changing for the worse. Next week could see either range-trading (with small gains) or it could see significant losses. Big gains seem unlikely. Most likely the market will stay inside 4,200-4,500.
Rationale: The intermediate uptrend is 8 weeks old - enough time to reverse though it could run up for another month. It has seen lower tops last week of 4,522 (September 2) versus 4,649 (August 12). But there is excellent support below current levels, at 4,300 and a secondary support between 4,150-4,200. On the upside, there's resistance building above 4,500 and probably at 4,450 as well.
The last three weeks have been characterised by very low volumes. Any improvement in volumes could result in a breakout in either direction. A close below 4,150 would confirm an intermediate trend reversal. A close above 4,650 would set up a target of 4,750-4,800.
Bulls & bears: There were astonishing volumes generated by two new listings, Resurgere and Austral. Apart from that, banking saw a sell off on Friday after a strong week. The CNXIT held its ground though individual counters like Wipro and Educomp were weak.
A drop in global crude prices translated into buying sentiment for BPCL, HPCL and IOC while a cut in Indian ATF prices meant a boost for Jet Airways and Deccan. Apart from these, there were isolated winners such as Aban, Biocon, and Ranbaxy saw price collapse after the open offer closed.
MICRO TECHNICALS
Aban Current price : Rs 2,294.7Target price: Rs 2,500
The stock is coming off a low at Rs 2,000 with very strong volumes. A V-shaped recovery till the Rs 2,500 level could occur. Keep a stop at Rs 2,200 and go long. Be prepared for daily moves of up to 10 per cent. If the stock closes above Rs 2,500, it could run till Rs 2,650.
Cipla
Current price: Rs 233.45 Target price: Rs 220
The stock has been sold down quite heavily from the Rs 240-plus level. It has a potential support at Rs 225 and this is the minimum downside target. It is more likely to fall till the Rs 220 level however, where a secondary support will hold
Jet Airways Current price: Rs 540.90Target price: Rs 570
The stock has jumped from 450 in just five sessions on decent volumes. At Rs 520, it completed a bullish breakout with a potential target of Rs 570. However there is powerful resistance between the current price and Rs 575. This could mean big intra-day moves and not much in the way of net gains. Keep a stop at Rs 530 and go long. Book profits over Rs 565.
RCom Current price: Rs 394.5 Target price: Rs 420
The stock appears to have found reliable support between Rs 380-400 and this looks like a stable bottom formation. It has the potential to jump to Rs 420 on the slightest volume expansion. The signal would be a close above Rs 400. Keep a stop at Rs 385 and go long with a 10-session perspective.
Source:ET, BS.
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08 September 2008
India US Nuclear Deal Beneficiaries
India US Nuclear Deal Beneficiaries
Larsen & Toubro
Bharat Heavy Electricals
National Thermal Power Corporation
Areva T&D India
Alstom Projects India
Rolta India
Gammon India
Hindustan Construction Company
ABB
Crompton Greaves
Walchandnagar Industries
Reliance Energy
Tata Power Company
Larsen & Toubro has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 megawatt Kudankulam nuclear project.
Bharat Heavy Electricals supplies up to 500 megawatt of equipment to Nuclear Power Corporation. It has an existing tie-up with Siemens for nuclear technology.
National Thermal Power Corporation is reportedly in talks with Nuclear Power Corporation of India for setting up a 2000 megawatt nuclear plant.
Areva T&D is reportedly looking at a plant for uranium mining and recycling. The plant would be set up after nod from Nuclear Power Corporation.
Alstom Projects India already makes nuclear reactors and rotors. Its parent company is a world leader in conventional nuclear projects. It makes turbines for nuclear power stations.
Rolta India along with its joint venture Stone and Webster provides reactor-building technology. Stone & Webster’s parent has 20% in Westinghouse Electric, a nuclear reactor maker.
Gammon India has undertaken turnkey construction for nuclear projects.
Hindustan Construction Company has constructed four nuclear power projects in India. It is an engineering procurement and construction contractor for nuclear projects.
ABB makes components for power projects. Its parent company’s exposure includes new nuclear power plants, systems and components.
Crompton Greaves works with Nuclear Power Corporation of India. It has completed a switchyard for nuclear project.
Walchandnagar Industries makes critical equipment for India’s nuclear power facilities.
Reliance Energy reportedly plans to invest additional Rs 12,000 crore in nuclear power capacity. It plans to install 2000 megawatt of nuclear power capacity.
Tata Power Company has tied up with some major nuclear equipment suppliers like Areva. It already has a relationship with Toshiba.
------------------------------------------------
Other Articles/analysis from same blog:
Oil Remaining in the World
Most Popular Pages - Sep 7 2008
Ultratech Cement - Annual Report - 2007-2008
EKC
PSL
SAIL
DLF - Annual Director's Report - 2007-2008
NTPC / Weekly Watch - Sep 7 2008
Top Picks - Sep 7 2008
Historic day for India - PM
BREAKING - Deal Done - NSG Waiver for India
BREAKING - India gets NSG Waiver
Ranbaxy, TCI / ONGC / Asia's Youngest Billionaires
HCL Infosystems / Suzlon Energy Ltd
GAIL /Sadbhav Engineering
Sun TV, Axis Bank / GSPL
Source: www.Deadpresident.blogspot.com
Larsen & Toubro
Bharat Heavy Electricals
National Thermal Power Corporation
Areva T&D India
Alstom Projects India
Rolta India
Gammon India
Hindustan Construction Company
ABB
Crompton Greaves
Walchandnagar Industries
Reliance Energy
Tata Power Company
Larsen & Toubro has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 megawatt Kudankulam nuclear project.
Bharat Heavy Electricals supplies up to 500 megawatt of equipment to Nuclear Power Corporation. It has an existing tie-up with Siemens for nuclear technology.
National Thermal Power Corporation is reportedly in talks with Nuclear Power Corporation of India for setting up a 2000 megawatt nuclear plant.
Areva T&D is reportedly looking at a plant for uranium mining and recycling. The plant would be set up after nod from Nuclear Power Corporation.
Alstom Projects India already makes nuclear reactors and rotors. Its parent company is a world leader in conventional nuclear projects. It makes turbines for nuclear power stations.
Rolta India along with its joint venture Stone and Webster provides reactor-building technology. Stone & Webster’s parent has 20% in Westinghouse Electric, a nuclear reactor maker.
Gammon India has undertaken turnkey construction for nuclear projects.
Hindustan Construction Company has constructed four nuclear power projects in India. It is an engineering procurement and construction contractor for nuclear projects.
ABB makes components for power projects. Its parent company’s exposure includes new nuclear power plants, systems and components.
Crompton Greaves works with Nuclear Power Corporation of India. It has completed a switchyard for nuclear project.
Walchandnagar Industries makes critical equipment for India’s nuclear power facilities.
Reliance Energy reportedly plans to invest additional Rs 12,000 crore in nuclear power capacity. It plans to install 2000 megawatt of nuclear power capacity.
Tata Power Company has tied up with some major nuclear equipment suppliers like Areva. It already has a relationship with Toshiba.
------------------------------------------------
Other Articles/analysis from same blog:
Oil Remaining in the World
Most Popular Pages - Sep 7 2008
Ultratech Cement - Annual Report - 2007-2008
EKC
PSL
SAIL
DLF - Annual Director's Report - 2007-2008
NTPC / Weekly Watch - Sep 7 2008
Top Picks - Sep 7 2008
Historic day for India - PM
BREAKING - Deal Done - NSG Waiver for India
BREAKING - India gets NSG Waiver
Ranbaxy, TCI / ONGC / Asia's Youngest Billionaires
HCL Infosystems / Suzlon Energy Ltd
GAIL /Sadbhav Engineering
Sun TV, Axis Bank / GSPL
Source: www.Deadpresident.blogspot.com
07 September 2008
PE,VC updates
Advertorial: ISB's Private Equity Conference Today
Nimbus Communications Will Sell 26% Stake To Strategic Investors
News Roundup: Israel's Fishman and Dubai Ports Group eye Indian realty
Bobby Bedi To Tap AIM Or PE Funds For Kaleidoscope
IFCI Venture Capital Invests $4.6M In Marck Biosciences
Seventymm Raises $12 Million In Third Round From NEA Indo US Ventures
Ojas Venture Partners Invests In Mobile Tech Firm Mango
Matrix Partners Invests $7 Million In Mumbai Play School Tree House
Tata Power Picks Up 10% Stake In Australian Geothermal Co For $37.8M
News Roundup: Japan's Uniqlo eyes brands acqusitions in India & others
Coke Offers To Buy Chinese Juice Maker For $2.4B, Is India Next?
Aditya Birla's Open Offer For Apollo Sindhoori Shareholders At Rs 64
Hedge Fund Platinum Capital Management May Open A Shop In India
CLSA Launches Long Only Clean Water Asia Fund
GVFL-backed 20 Micron Files DRHP For Public Offering
Global Investment House Launches India Focused Long/Short Hedge Fund
SEBI Wants M&A Valuation To Be Disclosed To Shareholders
Bhave Wants To Up Single Shareholding Cap In Bourses To 15%
Manappuram Group Raises Second Round Of Funding From PE Investors
Warburg Pincus To Pick Up 30% Stake For $35M In Gangavaram Port
--------------------------------------------
Adlabs may buy Fame India ?
Sebi suggests 15% stake for strategic investors in SEs
BCCL picks up stake in Manhattan Communications
ARTHANOMICS 2008,Investment Banking and Private Equity Summit,6th and 7th of September 2008
PCCPL acquired stake in Parul Chemicals
BAE Systems awaits govt nod to pick 49% stake in Mahindras
Jai Corp raised Rs 5,686 cr through two VC funds
India-focused PE funds set to raise $5 bn by Dec
Pressmart Gets $6 Million VC Infusion for Expansion
Warburg Pincus buys 30% stake in new port in Andhra Pradesh
PE Funds infuse Rs 108 crore in Manappuram Group
Tata Power to buy 11% in Aussie company
PE Funds to acquire BT's stake in Tech Mahindra
Premji buys 10% Subhiksha stake
Global Investors invested Rs 411 crore in Moser Baer's solar photo voltaic business
Source:IndiaPE.com, VCCircle.com
Nimbus Communications Will Sell 26% Stake To Strategic Investors
News Roundup: Israel's Fishman and Dubai Ports Group eye Indian realty
Bobby Bedi To Tap AIM Or PE Funds For Kaleidoscope
IFCI Venture Capital Invests $4.6M In Marck Biosciences
Seventymm Raises $12 Million In Third Round From NEA Indo US Ventures
Ojas Venture Partners Invests In Mobile Tech Firm Mango
Matrix Partners Invests $7 Million In Mumbai Play School Tree House
Tata Power Picks Up 10% Stake In Australian Geothermal Co For $37.8M
News Roundup: Japan's Uniqlo eyes brands acqusitions in India & others
Coke Offers To Buy Chinese Juice Maker For $2.4B, Is India Next?
Aditya Birla's Open Offer For Apollo Sindhoori Shareholders At Rs 64
Hedge Fund Platinum Capital Management May Open A Shop In India
CLSA Launches Long Only Clean Water Asia Fund
GVFL-backed 20 Micron Files DRHP For Public Offering
Global Investment House Launches India Focused Long/Short Hedge Fund
SEBI Wants M&A Valuation To Be Disclosed To Shareholders
Bhave Wants To Up Single Shareholding Cap In Bourses To 15%
Manappuram Group Raises Second Round Of Funding From PE Investors
Warburg Pincus To Pick Up 30% Stake For $35M In Gangavaram Port
--------------------------------------------
Adlabs may buy Fame India ?
Sebi suggests 15% stake for strategic investors in SEs
BCCL picks up stake in Manhattan Communications
ARTHANOMICS 2008,Investment Banking and Private Equity Summit,6th and 7th of September 2008
PCCPL acquired stake in Parul Chemicals
BAE Systems awaits govt nod to pick 49% stake in Mahindras
Jai Corp raised Rs 5,686 cr through two VC funds
India-focused PE funds set to raise $5 bn by Dec
Pressmart Gets $6 Million VC Infusion for Expansion
Warburg Pincus buys 30% stake in new port in Andhra Pradesh
PE Funds infuse Rs 108 crore in Manappuram Group
Tata Power to buy 11% in Aussie company
PE Funds to acquire BT's stake in Tech Mahindra
Premji buys 10% Subhiksha stake
Global Investors invested Rs 411 crore in Moser Baer's solar photo voltaic business
Source:IndiaPE.com, VCCircle.com
DLF, Bharti, ONGC, Cairn India enter DJ BRIC 50 index
DLF, Bharti, ONGC, Cairn India enter DJ BRIC 50 index
Real estate giant DLF, telecom major Bharti Airtel and energy firms ONGC and Cairn India have made their way to the Dow Jones BRIC 50 Index, a blue-chip index measuring performance of 50 largest and most liquid companies in Brazil, Russia, India and China. The new entrants would replace four other Indian firms -- realty firm Unitech, Tata Motors, TCS and Satyam Computer -- on the investible index, global index major Dow Jones Indexes said in a statement.
The changes are part of the regular annual review of the index and would be effective as of the open of trading on September 22. Other Indian companies on the index include RIL, L&T, ICICI Bank, Infosys, SBI, RCOM, Tata Steel, HDFC, BHEL, Suzlon and ITC. Besides four Indian companies, other new components of the index would include three from Brazil -- BM&F Bovespa S/A Bolsa de Valores Mercadorias e Futuros, Companhia Energetica de Minas Gerais-CEMIG, Metalurgica Gerdau S/A Pref, two Chinese entities -- China COSCO Holdings Company Limited and China Communications Construction Co Ltd -- and Russia's Surgutneftegaz JSC.
The 10 companies exiting the index include Brazil's Banco Santander S/A Pref, Companhia de Gas de Sao Paulo Ord and Light S/A Ord, China's Jiangxi Copper Company and Trina Solar Limited ADS and Russia's Mobile Telesystems. The float-adjusted market capitalisation of the reconstituted Dow Jones BRIC 50 Index has increased to $920 billion from $852 billion as of September 2. The number of components in the index is fixed at 15 each for Brazil, India and China and five components for Russia to reflect the size of each market in the index.
---------------------------------
ArcelorMittal, RIL in WSJ's respected companies list
Infy, Wipro, Satyam among Buffett-fit stocks: S&P
N-deal: US-based ACA says India has not got 'clean waiver'
3G auction to begin on Monday
Inflation data on monthly basis?
Time short for N-deal approval: Rice
Industry hails NSG waiver, seeks opening up nuke energy
For bulls to remain in focus, 4265-4300 should be maintained
Source:ET
Real estate giant DLF, telecom major Bharti Airtel and energy firms ONGC and Cairn India have made their way to the Dow Jones BRIC 50 Index, a blue-chip index measuring performance of 50 largest and most liquid companies in Brazil, Russia, India and China. The new entrants would replace four other Indian firms -- realty firm Unitech, Tata Motors, TCS and Satyam Computer -- on the investible index, global index major Dow Jones Indexes said in a statement.
The changes are part of the regular annual review of the index and would be effective as of the open of trading on September 22. Other Indian companies on the index include RIL, L&T, ICICI Bank, Infosys, SBI, RCOM, Tata Steel, HDFC, BHEL, Suzlon and ITC. Besides four Indian companies, other new components of the index would include three from Brazil -- BM&F Bovespa S/A Bolsa de Valores Mercadorias e Futuros, Companhia Energetica de Minas Gerais-CEMIG, Metalurgica Gerdau S/A Pref, two Chinese entities -- China COSCO Holdings Company Limited and China Communications Construction Co Ltd -- and Russia's Surgutneftegaz JSC.
The 10 companies exiting the index include Brazil's Banco Santander S/A Pref, Companhia de Gas de Sao Paulo Ord and Light S/A Ord, China's Jiangxi Copper Company and Trina Solar Limited ADS and Russia's Mobile Telesystems. The float-adjusted market capitalisation of the reconstituted Dow Jones BRIC 50 Index has increased to $920 billion from $852 billion as of September 2. The number of components in the index is fixed at 15 each for Brazil, India and China and five components for Russia to reflect the size of each market in the index.
---------------------------------
ArcelorMittal, RIL in WSJ's respected companies list
Infy, Wipro, Satyam among Buffett-fit stocks: S&P
N-deal: US-based ACA says India has not got 'clean waiver'
3G auction to begin on Monday
Inflation data on monthly basis?
Time short for N-deal approval: Rice
Industry hails NSG waiver, seeks opening up nuke energy
For bulls to remain in focus, 4265-4300 should be maintained
Source:ET
Labels:
Bharti,
Cairn India enter DJ BRIC 50 index,
DLF,
ONGC
Stock,Mkt Reports from BusinessLine
http://www.thehindubusinessline.com/iw/index.htm
TECHNICAL ANALYSIS: Index OutlookSentiment on Indian bourses seesawed between hope and despair last week. The strong mid-week surge caused by crude oil’s decline below $110 was thwarted by the global wave of selling in equities that seeped into the Indian stock markets, ...
AUTOMOBILES: Automobiles: Working on a better product mixThe pause in demand due to high interest rates coupled with rising input costs have battered the auto sector in recent times. Raw material costs for five majors — Tata Motors, Ashok Leyland, Mahindra and Mahindra, Maruti Suzuki and ...
ENGINEERING: Capital goods: New moves on procurementCapital goods companies have begun to feel the heat from spiralling commodity prices. The average operating profit margins of companies in this space have fallen a good two percentage points, to about 16 per cent, in the June quarter. Raw ...
REAL ESTATE & CONSTRUCTION: Infrastructure: The escalation clauses start kicking inEfforts by infrastructure and construction companies to protect margins have revolved around attempts to pass on raw material price hikes to clients. Steel, cement, bitumen and diesel can account for as much as 60-65 per cent of the total ...
STOCKS: SAIL: BuyInvestors can consider buying the SAIL India stock, now trading at a price-earnings multiple of about 8.2 times its 2007-08 earnings. The valuation is at a discount compared to Tata Steel (9.4 times) and global steel majors. SAIL’s ...
MUTUAL FUNDS: Tata Equity P/E Fund: InvestInvestments can be considered in Tata Equity P/E Fund based on its improved performance over the past two years. The fund underperformed the benchmark Sensex by a significant margin in 2006, thus impacting its last three-year performance. ...
MUTUAL FUNDS: Sundaram BNP Paribas Select Midcap Fund: HoldInvestors can continue to hold the units of Sundaram BNP Paribas Select Midcap Fund (Sundaram Midcap), considering its long-term track record in generating returns. The fund has delivered an annual return of 42.1 per cent over a five-year ...
TECHNICAL ANALYSIS: Query Corner: What the charts sayPlease let me have your views on Ashok Leyland bought at Rs 56 and Jayaswal Neco purchased at Rs 81. Chandra ...
STOCKS: PSL: BuyInvestments with a long-term perspective can be considered in the stock of PSL, which is the country’s largest manufacturer of high grade helical pipes. ...
STOCK MARKETS: Bull's EyeE-mail your response by Tuesday to STOCK MARKETS: Baskets of XE-mail your guess before Tuesday to: TECHNICAL ANALYSIS: Tata SteelTata Steel moved listlessly between Rs 580 and Rs 600 in the early part of the week before recording a new closing low for 2008 on Friday. ...
TECHNICAL ANALYSIS:
Reliance Infra (September 07, 2008)
Unitech (September 07, 2008)
Infosys (September 07, 2008)
Tata Steel (September 07, 2008)
SBI (September 07, 2008)
Reliance (September 07, 2008)
Tech School: Descending triangles (September 07, 2008)
Index Outlook (September 07, 2008)
Query Corner: What the charts say (September 07, 2008
STOCKS: Everest Kanto Cylinders: BuyFresh investments can be considered in the stock of Everest Kanto Cylinders, a leading manufacturer of high-pressure CNG (compressed natural gas) and industrial cylinders. At the current market price of Rs 288, the stock trades at about 14 ...
STOCKS: Bank of Baroda: HoldBank of Baroda (BoB) shareholders can consider staying invested in the stock at the current price of Rs 294.65. The stock trades at 1.13 times the company’s 2007-08 book value and 7.5 times the earnings, translating into 0.93 times ...
DERIVATIVES MARKETS: Nifty future may drift lowerMarkets seem to have lost their momentum midway. After witnessing wild swings intra-week, the Nifty September future finished marginally lower at 4352.2 points against the previous week’s close of 4370.55, shedding little over 0.4 per ...
STOCK MARKETS: Beta exposure: Is direct investment better than index funds?Readers may be aware of the core-satellite approach to portfolio management. This involves constructing a core portfolio for the beta (market) exposure and a satellite portfolio for the alpha (excess) returns. There were couple of interesting ...
Source:BL
TECHNICAL ANALYSIS: Index OutlookSentiment on Indian bourses seesawed between hope and despair last week. The strong mid-week surge caused by crude oil’s decline below $110 was thwarted by the global wave of selling in equities that seeped into the Indian stock markets, ...
AUTOMOBILES: Automobiles: Working on a better product mixThe pause in demand due to high interest rates coupled with rising input costs have battered the auto sector in recent times. Raw material costs for five majors — Tata Motors, Ashok Leyland, Mahindra and Mahindra, Maruti Suzuki and ...
ENGINEERING: Capital goods: New moves on procurementCapital goods companies have begun to feel the heat from spiralling commodity prices. The average operating profit margins of companies in this space have fallen a good two percentage points, to about 16 per cent, in the June quarter. Raw ...
REAL ESTATE & CONSTRUCTION: Infrastructure: The escalation clauses start kicking inEfforts by infrastructure and construction companies to protect margins have revolved around attempts to pass on raw material price hikes to clients. Steel, cement, bitumen and diesel can account for as much as 60-65 per cent of the total ...
STOCKS: SAIL: BuyInvestors can consider buying the SAIL India stock, now trading at a price-earnings multiple of about 8.2 times its 2007-08 earnings. The valuation is at a discount compared to Tata Steel (9.4 times) and global steel majors. SAIL’s ...
MUTUAL FUNDS: Tata Equity P/E Fund: InvestInvestments can be considered in Tata Equity P/E Fund based on its improved performance over the past two years. The fund underperformed the benchmark Sensex by a significant margin in 2006, thus impacting its last three-year performance. ...
MUTUAL FUNDS: Sundaram BNP Paribas Select Midcap Fund: HoldInvestors can continue to hold the units of Sundaram BNP Paribas Select Midcap Fund (Sundaram Midcap), considering its long-term track record in generating returns. The fund has delivered an annual return of 42.1 per cent over a five-year ...
TECHNICAL ANALYSIS: Query Corner: What the charts sayPlease let me have your views on Ashok Leyland bought at Rs 56 and Jayaswal Neco purchased at Rs 81. Chandra ...
STOCKS: PSL: BuyInvestments with a long-term perspective can be considered in the stock of PSL, which is the country’s largest manufacturer of high grade helical pipes. ...
STOCK MARKETS: Bull's EyeE-mail your response by Tuesday to STOCK MARKETS: Baskets of XE-mail your guess before Tuesday to: TECHNICAL ANALYSIS: Tata SteelTata Steel moved listlessly between Rs 580 and Rs 600 in the early part of the week before recording a new closing low for 2008 on Friday. ...
TECHNICAL ANALYSIS:
Reliance Infra (September 07, 2008)
Unitech (September 07, 2008)
Infosys (September 07, 2008)
Tata Steel (September 07, 2008)
SBI (September 07, 2008)
Reliance (September 07, 2008)
Tech School: Descending triangles (September 07, 2008)
Index Outlook (September 07, 2008)
Query Corner: What the charts say (September 07, 2008
STOCKS: Everest Kanto Cylinders: BuyFresh investments can be considered in the stock of Everest Kanto Cylinders, a leading manufacturer of high-pressure CNG (compressed natural gas) and industrial cylinders. At the current market price of Rs 288, the stock trades at about 14 ...
STOCKS: Bank of Baroda: HoldBank of Baroda (BoB) shareholders can consider staying invested in the stock at the current price of Rs 294.65. The stock trades at 1.13 times the company’s 2007-08 book value and 7.5 times the earnings, translating into 0.93 times ...
DERIVATIVES MARKETS: Nifty future may drift lowerMarkets seem to have lost their momentum midway. After witnessing wild swings intra-week, the Nifty September future finished marginally lower at 4352.2 points against the previous week’s close of 4370.55, shedding little over 0.4 per ...
STOCK MARKETS: Beta exposure: Is direct investment better than index funds?Readers may be aware of the core-satellite approach to portfolio management. This involves constructing a core portfolio for the beta (market) exposure and a satellite portfolio for the alpha (excess) returns. There were couple of interesting ...
Source:BL
Labels:
Mkt Reports from BusinessLine,
Stock
Indo-US N-Deal: India gets NSG waiver
India powers its way into nuke biz
India on Saturday powered its way into the global nuclear fold after the Nuclear Suppliers’ Group (NSG) rewrote its guidelines for resuming nuclear trade with New Delhi. The decision to admit India came after three days of intense diplomacy by the US in the nuclear cartel that controls the global flow of nuclear fuel and technologies. ( Watch ) The NSG’s acceptance of the US proposal to drop the ban on nuclear trade will now put the Indo-US nuclear deal on the fast track. The deal will now go to the US Congress for up-down approval before it adjourns in end September for elections. Having failed to use its proxies effectively, China had come out in the open with its opposition to the deal. In a bid to prevent China hijacking the proceedings, US President George Bush wrote a letter to Chinese President Hu Jintao asking Beijing to support the India waiver. But the real opposition came from the non-proliferation ideologues — the Netherlands, Norway, Switzerland, Ireland, Austria and New Zealand — who were persuaded one by one until Austria remained the last country standing against the waiver. The last minute changes to the draft combined with the softening of position of others finally wore down Austria’s resistance. Austria had been asking for auxiliary measures to be added in the draft. “There is a sense of relief. I am particularly happy that the waiver (for India) meets with international nuclear non-proliferation architecture,” reports from Vienna quoting Peter Launsky, Austrian foreign ministry spokesman said.
Domestically, the development is a major shot in the arm for the UPA government and Prime Minister Manmohan Singh as the nuclear deal will give it a constructive issue to run on between now and 2009 election. While the BJP has been engaged in fierce finger-pointing and blame-casting over the agreement, the hypersensitive people with overactive imagination in the Left have been concocting nightmares. A setback on the waiver would have complicated matters for both the ruling side and the prime minister. Calling the waiver “a forward-looking and momentous decision,’’ the Prime Minister thanked the US and members of the NSG for granting the waiver “It is a recognition of India’s impeccable non-proliferation credentials and its status as a state with advanced nuclear technology,’’ Mr Singh said. US President George Bush praised the leadership of the PM and appreciated the way he handled the negotiations. President Bush placed a call to Mr Singh soon after the waiver was announced in Vienna. The two leaders also discussed the next step of getting congressional approval for the 123 agreement. External affairs minister Pranab Mukherjee, who has played pivotal role in the domestic battle on the deal, said that the waiver was consistent with the commitments given by the government to Parliament. ( Watch )
-----------------------------------
Other Related stories:
Sonia leads Cong 'victory charge'
Scientists hail waiver in Vienna
India to thank New Zealand for NSG support next week
India Inc sees $40 bn foreign investment
NSG waiver to India will boost power industry: NPCIL
Industry hails NSG waiver, seeks opening up nuke energy
NSG passes India waiver by consensus
Indo-US N-Deal: India gets NSG waiver
The nuclear effect: PM hails NSG waiver
Indian Americans satisfied with NSG waiver, hopeful of
Former NSA Brajesh Mishra welcomes NSG waiver
Chronology of key developments in Indo-US nuclear deal
Rice presses US Congress to OK India nuclear deal
After NSG waiver, nuke deal goes to US Congress
NSG waiver, a big deal for Manmohan
Do you think the nuclear deal will take care of India's energy security problem?
What does it mean for pvt sector?
India crosses a nuclear hurdle with NSG waiver
FIIs turning positive on Indian markets
Nuclear deal through with NSG waiver
Indian engineering firms see big opportunity in NSG waiver
Markets likely to bounce back
Nifty upside cap likely at 4,500
NSG waiver important for global energy security: Pranab Mukherjee
Wkly Tech Analysis: Markets likely to bounce back
Soirce:ET, BL, BS
India on Saturday powered its way into the global nuclear fold after the Nuclear Suppliers’ Group (NSG) rewrote its guidelines for resuming nuclear trade with New Delhi. The decision to admit India came after three days of intense diplomacy by the US in the nuclear cartel that controls the global flow of nuclear fuel and technologies. ( Watch ) The NSG’s acceptance of the US proposal to drop the ban on nuclear trade will now put the Indo-US nuclear deal on the fast track. The deal will now go to the US Congress for up-down approval before it adjourns in end September for elections. Having failed to use its proxies effectively, China had come out in the open with its opposition to the deal. In a bid to prevent China hijacking the proceedings, US President George Bush wrote a letter to Chinese President Hu Jintao asking Beijing to support the India waiver. But the real opposition came from the non-proliferation ideologues — the Netherlands, Norway, Switzerland, Ireland, Austria and New Zealand — who were persuaded one by one until Austria remained the last country standing against the waiver. The last minute changes to the draft combined with the softening of position of others finally wore down Austria’s resistance. Austria had been asking for auxiliary measures to be added in the draft. “There is a sense of relief. I am particularly happy that the waiver (for India) meets with international nuclear non-proliferation architecture,” reports from Vienna quoting Peter Launsky, Austrian foreign ministry spokesman said.
Domestically, the development is a major shot in the arm for the UPA government and Prime Minister Manmohan Singh as the nuclear deal will give it a constructive issue to run on between now and 2009 election. While the BJP has been engaged in fierce finger-pointing and blame-casting over the agreement, the hypersensitive people with overactive imagination in the Left have been concocting nightmares. A setback on the waiver would have complicated matters for both the ruling side and the prime minister. Calling the waiver “a forward-looking and momentous decision,’’ the Prime Minister thanked the US and members of the NSG for granting the waiver “It is a recognition of India’s impeccable non-proliferation credentials and its status as a state with advanced nuclear technology,’’ Mr Singh said. US President George Bush praised the leadership of the PM and appreciated the way he handled the negotiations. President Bush placed a call to Mr Singh soon after the waiver was announced in Vienna. The two leaders also discussed the next step of getting congressional approval for the 123 agreement. External affairs minister Pranab Mukherjee, who has played pivotal role in the domestic battle on the deal, said that the waiver was consistent with the commitments given by the government to Parliament. ( Watch )
-----------------------------------
Other Related stories:
Sonia leads Cong 'victory charge'
Scientists hail waiver in Vienna
India to thank New Zealand for NSG support next week
India Inc sees $40 bn foreign investment
NSG waiver to India will boost power industry: NPCIL
Industry hails NSG waiver, seeks opening up nuke energy
NSG passes India waiver by consensus
Indo-US N-Deal: India gets NSG waiver
The nuclear effect: PM hails NSG waiver
Indian Americans satisfied with NSG waiver, hopeful of
Former NSA Brajesh Mishra welcomes NSG waiver
Chronology of key developments in Indo-US nuclear deal
Rice presses US Congress to OK India nuclear deal
After NSG waiver, nuke deal goes to US Congress
NSG waiver, a big deal for Manmohan
Do you think the nuclear deal will take care of India's energy security problem?
What does it mean for pvt sector?
India crosses a nuclear hurdle with NSG waiver
FIIs turning positive on Indian markets
Nuclear deal through with NSG waiver
Indian engineering firms see big opportunity in NSG waiver
Markets likely to bounce back
Nifty upside cap likely at 4,500
NSG waiver important for global energy security: Pranab Mukherjee
Wkly Tech Analysis: Markets likely to bounce back
Soirce:ET, BL, BS
06 September 2008
Headlines today
Weekly Gainers: Group A, Group B, NSE
Weekly Losers: Group A, Group B, NSE
------------------------------------------------
Singur talks to resume today
Fresh round of NSG talks to take place today
SEBI to let select investors hold up to 15% in bourses
RBI Termed Pay Increase As Burden On Economy
LIC has to cut >10% stakes prospectively: Irda
Coal shortage to continue
Tata Steel to pay 20% annual bonus
Sebi can't cut Sasken's 12-mnth buyback space: SAT
Re below the 45-mark vs US dollar
Cooking oil prices to slip globally
Talks on US-India N-deal in disarray
Google reigns as the most powerful
Rel Money eyes stake in HK Mercantile Exchange
Sony, Nokia, HP, ICICI most popular brands
ICICI, Kingfisher, Taj top brands in Asia-Pacific: Survey
‘India committed to non-proliferation, disarmament’
Text book independence for RBI is dangerous: Reddy
India stock investors should buy on dips: Lehman
Markets to stay under pressure, 4200 crucial for Nifty
NIIT Tech eyes travel, insurance sectors for growth
Chrome bags 1% share of global mkt in 4 days
Top 10 quirky places to dance
Top 10 places to visit in 2008
Top 10 green hotels
Top 10 hotels to drop in and tune out
Top 10 eco-friendly destinations
Markets this week(Latest Audio:English)
‘More work needs to be done to reach NSG consensus’
NSG decision put off to Saturday afternoon
India's most and least corrupt states
Indian American whizkid behind Google Chrome
Information You Can Use• All-India school quiz• TISS PG programmes• Astrophysics scholarships• Voice and accent workshop• Yoga and dance workshops• MTech Energy Studies• MBA in Agribusiness Mgmt• PGP in Rural Management• Scholarship test for GATE 09• Swiss hospitality seminar • PGD in International Biz mgt• Want a career in advertising?
Source:Rediff, ET, SIfy, BS,BL etc
Weekly Losers: Group A, Group B, NSE
------------------------------------------------
Singur talks to resume today
Fresh round of NSG talks to take place today
SEBI to let select investors hold up to 15% in bourses
RBI Termed Pay Increase As Burden On Economy
LIC has to cut >10% stakes prospectively: Irda
Coal shortage to continue
Tata Steel to pay 20% annual bonus
Sebi can't cut Sasken's 12-mnth buyback space: SAT
Re below the 45-mark vs US dollar
Cooking oil prices to slip globally
Talks on US-India N-deal in disarray
Google reigns as the most powerful
Rel Money eyes stake in HK Mercantile Exchange
Sony, Nokia, HP, ICICI most popular brands
ICICI, Kingfisher, Taj top brands in Asia-Pacific: Survey
‘India committed to non-proliferation, disarmament’
Text book independence for RBI is dangerous: Reddy
India stock investors should buy on dips: Lehman
Markets to stay under pressure, 4200 crucial for Nifty
NIIT Tech eyes travel, insurance sectors for growth
Chrome bags 1% share of global mkt in 4 days
Top 10 quirky places to dance
Top 10 places to visit in 2008
Top 10 green hotels
Top 10 hotels to drop in and tune out
Top 10 eco-friendly destinations
Markets this week(Latest Audio:English)
‘More work needs to be done to reach NSG consensus’
NSG decision put off to Saturday afternoon
India's most and least corrupt states
Indian American whizkid behind Google Chrome
Information You Can Use• All-India school quiz• TISS PG programmes• Astrophysics scholarships• Voice and accent workshop• Yoga and dance workshops• MTech Energy Studies• MBA in Agribusiness Mgmt• PGP in Rural Management• Scholarship test for GATE 09• Swiss hospitality seminar • PGD in International Biz mgt• Want a career in advertising?
Source:Rediff, ET, SIfy, BS,BL etc
10 things we'd like to see in Chrome
10 things we'd like to see in Chrome
http://www.download.com/8301-2007_4-10033296-12.html
So far we're pretty smitten with Google's Chrome. It's certainly not without its faults, but for version 1.0 of a browser it's pretty sharp. We've compiled a list of 10 things we'd really like to see added or tweaked. Some come from other browsers, and some are just improvements on some of the existing features. Google, we hope you're listening.
1. Profile roaming between multiple browsers. This may be a pipe dream, but if Foxmarks for Firefox has proved anything, syncing up your bookmarks between multiple machines is awesome. Doing the same with passwords, settings, and history would be even better. Considering Google already has a way for your browser to send data back to the mothership, and a hosted Web history service of its own, a little sync using my Google account doesn't seem that hard does it?
2. Better bookmark management. Speaking of bookmarks, the bookmarking system in Chrome is about as basic as it gets. "Stripped-down" might be a better way to describe it. On the outset, it seems as robust as Firefox 3's with a really simple one-click way to save links. Where the system falls apart is the lack of tools for organization, and a complete lack of a back-up tool to save your short (or long) list of favorite sites. Of course, a bookmarks plug-in like Delicious would help sort this out, which brings us to the next yearning...
3. Plug-ins. Google has acknowledged that plug-ins are on the road map, which is a good thing. Here's how the search giant can totally one-up Mozilla, though: let me install and make changes to extensions without having to restart the browser. Nothing is worse than having 30 tabs open and having to restart, even if it remembers what I had open before. This reminds me...
4. Saved sessions/Warning messages when closing multiple tabs. Firefox's little warning for when you're closing a group of tabs was a huge lifesaver in version two. Firefox 3 brought with it a way to save that grouping of open tabs for later. Chrome has neither of these features. Accidentally closing your browser with a slew of tabs open means they're gone for good--that is unless you set it from the default option of clearing what you were looking at. Chrome is also nice enough to tell you some of the most recently closed tabs back on its special start page, but that's it.
5. A full-screen mode. I love the minimalism of Chrome, but sometimes I just want those extra 60-90 vertical pixels back. Give me a keyboard shortcut for this too, and I'll be in screen hog heaven.
6. A more customizable interface. The blue is neat, but getting that great deep purple found in incognito mode is enough of a tease to make me want to change the way it looks based on how I'm feeling. Plus, you've taken away the nice special Windows-theme coloring I had when you got rid of the top of the application, so let me choose how I want it to look. Bonus points for a tie-dye mode or something that changes depending on what time of day it is--like your personalized homepage service iGoogle
. A way to drag "applications" back into the main browser. The option to turn a certain site into a self-contained browser window with a stripped-down interface is great. However, the inability to drag it back into an open Chrome browser window is maddening when you're trying to re-open some real estate on the task bar. You can do this with existing tabs and windows, and it works great.
8. A Mac/Linux version. The lack of a Mac client has left the growing percentage of Mac users in a bit of a tizzy. Worse yet, based on Google's track record with some of its other cross-platform software offerings like Google Earth and Google Desktop search, the Mac has fared a little worse with slower release schedules and less features than its PC siblings. Hopefully new features will be rolled out to all the platforms at about the same time.
9. A pop-up blocker that blocks. Clearly Google is trying to shake things up with a pop-up blocker that really should be called a "pop-up relocator," since it not only lets them open but also load. Frankly, this drives me nuts since I have to close them down to get them off the screen. Also if it's really important and something I meant to click, I have to go drag it off from the bottom of the screen.
10. A regular old search box. Yes progress is good and the "omnibar" does a pretty slam-dunk job of getting new searches going, but let's get some of the ambiguity away from that thing and have an option to leave it for URLs only. Also, a separate search box would let me pick from the other multitude of search providers in addition to Google without compromising my screen real estate.
Source:download.com
http://www.download.com/8301-2007_4-10033296-12.html
So far we're pretty smitten with Google's Chrome. It's certainly not without its faults, but for version 1.0 of a browser it's pretty sharp. We've compiled a list of 10 things we'd really like to see added or tweaked. Some come from other browsers, and some are just improvements on some of the existing features. Google, we hope you're listening.
1. Profile roaming between multiple browsers. This may be a pipe dream, but if Foxmarks for Firefox has proved anything, syncing up your bookmarks between multiple machines is awesome. Doing the same with passwords, settings, and history would be even better. Considering Google already has a way for your browser to send data back to the mothership, and a hosted Web history service of its own, a little sync using my Google account doesn't seem that hard does it?
2. Better bookmark management. Speaking of bookmarks, the bookmarking system in Chrome is about as basic as it gets. "Stripped-down" might be a better way to describe it. On the outset, it seems as robust as Firefox 3's with a really simple one-click way to save links. Where the system falls apart is the lack of tools for organization, and a complete lack of a back-up tool to save your short (or long) list of favorite sites. Of course, a bookmarks plug-in like Delicious would help sort this out, which brings us to the next yearning...
3. Plug-ins. Google has acknowledged that plug-ins are on the road map, which is a good thing. Here's how the search giant can totally one-up Mozilla, though: let me install and make changes to extensions without having to restart the browser. Nothing is worse than having 30 tabs open and having to restart, even if it remembers what I had open before. This reminds me...
4. Saved sessions/Warning messages when closing multiple tabs. Firefox's little warning for when you're closing a group of tabs was a huge lifesaver in version two. Firefox 3 brought with it a way to save that grouping of open tabs for later. Chrome has neither of these features. Accidentally closing your browser with a slew of tabs open means they're gone for good--that is unless you set it from the default option of clearing what you were looking at. Chrome is also nice enough to tell you some of the most recently closed tabs back on its special start page, but that's it.
5. A full-screen mode. I love the minimalism of Chrome, but sometimes I just want those extra 60-90 vertical pixels back. Give me a keyboard shortcut for this too, and I'll be in screen hog heaven.
6. A more customizable interface. The blue is neat, but getting that great deep purple found in incognito mode is enough of a tease to make me want to change the way it looks based on how I'm feeling. Plus, you've taken away the nice special Windows-theme coloring I had when you got rid of the top of the application, so let me choose how I want it to look. Bonus points for a tie-dye mode or something that changes depending on what time of day it is--like your personalized homepage service iGoogle
. A way to drag "applications" back into the main browser. The option to turn a certain site into a self-contained browser window with a stripped-down interface is great. However, the inability to drag it back into an open Chrome browser window is maddening when you're trying to re-open some real estate on the task bar. You can do this with existing tabs and windows, and it works great.
8. A Mac/Linux version. The lack of a Mac client has left the growing percentage of Mac users in a bit of a tizzy. Worse yet, based on Google's track record with some of its other cross-platform software offerings like Google Earth and Google Desktop search, the Mac has fared a little worse with slower release schedules and less features than its PC siblings. Hopefully new features will be rolled out to all the platforms at about the same time.
9. A pop-up blocker that blocks. Clearly Google is trying to shake things up with a pop-up blocker that really should be called a "pop-up relocator," since it not only lets them open but also load. Frankly, this drives me nuts since I have to close them down to get them off the screen. Also if it's really important and something I meant to click, I have to go drag it off from the bottom of the screen.
10. A regular old search box. Yes progress is good and the "omnibar" does a pretty slam-dunk job of getting new searches going, but let's get some of the ambiguity away from that thing and have an option to leave it for URLs only. Also, a separate search box would let me pick from the other multitude of search providers in addition to Google without compromising my screen real estate.
Source:download.com
05 September 2008
Sensex ends 415 pts down as bank, IT stocks decline
Sensex ends 415 pts down as bank, IT stocks decline
Weak global markets and uncertainties on the Indo - US nuclear deal front prompted a negative start on the major Indian bourses this morning. And equities, especially stocks from bank, realty, information technology and metal sectors remained in the red right through the session as the bears remained relentless till the very end.
Stockometer Top gainers Worst losers
Thanks to the fall in crude oil prices, PSU oil stocks had a good run in the positive territory today. Aviation stocks Jet Airways and Deccan Aviation too enjoyed a bright spell. Power and FMCG stocks rebounded from their lower levels thanks to renewed buying in afternoon trade. Auto and capital goods stocks posted sharp losses.
The Sensex, which opened with a negative gap of around 330 points at 14,569.01 and tumbled to a low of 14,438.59 in intra-day trades, ended at 14,483.83 with a huge loss of 415.27 points or 2.79%. The Nifty settled at 4352.30 with a loss of 95.45 points or 2.15% at 4352.30. The NSE barometer which opened at 4444.70 this morning, touched a low of 4328.90.
Besides several large cap stocks, a number of stocks from midcap and smallcap segments too declined sharply on selling pressure today. The market breadth was weak. Out of 2728 stocks traded on BSE, 1619 stocks closed with losses. 1017 stocks ended on a positive note and 92 stocks ended flat.
Among Sensex stocks, only Hindustan Unilever (1.8%), ITC (0.2%) and ONGC (0.2%) ended in the positive territory. Nifty stock BPCL posted a handsome gain of 7.8%.
Ranbaxy Laboratories plunged 8.75% to Rs 450.25. HDFC lost around 5.75%. DLF and Jaiprakash Associates closed lower by 5.4% and 5.2% respectively.
Wipro eased by 4.85%. ICICI Bank, HDFC Bank, Infosys Technologies and Sterlite Industries lost 4% - 4.5%. Satyam Computer Services, Tata Steel, Reliance Industries, Grasim Industries, Bharti Airtel, Hindalco, Larsen & Toubro and Tata Motors lost 2% - 4%. State Bank of India slipped by over a per cent and Reliance Communications ended 0.85% down.
Unitech, Cairn India, Punjab National Bank, SAIL, Dr. Reddy's Laboratories, Nalco, Power Grid Corporation, Ambuja Cements, Tata Communications, Siemens, Zee Entertainment and Hero Honda were among the prominent losers in the Nifty index.
Axis Bank, Essar Oil, Akruti City, Gujarat Minerals, Bharat Forge, Aditya Birla Nuvo, Kotak Bank, Gujarat NRE Coke, Jindal Steel, REI Agro, Essar Shipping, NMDC and Crompton Greaves were some of the major losers from BSE 'A' Group today.
Hindustan Petroleum Corporation, Aban Offshore, Bajaj Holdings, Indian Oil Corporation, Reliance Power, Jet Airways, Phoenix Mills, Bharat Earth Movers, Mphasis, Areva, IDBI Bank, RECL and OnMobile Global ended with impressive gains.
-------------------------------------------
Other Stories:
Forex reserves at $295.309 b on Aug. 29
NSG: Govt expects positive decision
'India abides by voluntary moratorium'
Officials meet representatives of sceptic NSG countries
Vienna: India walks NSG tightrope
Govt seeks to allay apprehensions of NSG members'
Committed to voluntary moratorium on N-test
'Indian officials meet reps of sceptic NSG nations'Only minor progress at NSG meet
' US denies N-document cover up
NSG waiver: Indian officials work overtime
NSG inches closer to ending India's N-isolation
Direct tax collections up 4% in August
ONGC eyeing Canadian oil co for $1.5 b
Azim Premji invests Rs 230 crore in Subhiksha
Dr Duvvuri Subbarao takes charge as RBI governer
FIIs net sell Rs 1,857cr, DIIs net buy Rs 485cr
Oil prices slide below $105
Ratan Tata calls on Prime Minister
51 pc Govt stake condition to hit growth of PSU banks: RBI
Tata Power buys 11.4% in Oz geothermal firm
Reliance to drill Columbia offshore blocks in 2010
Stocks to watch: Tech Mahindra, Tata Power, GTL Infrastructure
Prabhudas puts outperformer on Axis Bank; target Rs 921
Buy Sterlite for target Rs 765: STCI Capital Market
Essel Propack acquires US co
Prabhudas assigns market performer to Sun TV; target Rs 276
Source:ET, Sify, BS.
Weak global markets and uncertainties on the Indo - US nuclear deal front prompted a negative start on the major Indian bourses this morning. And equities, especially stocks from bank, realty, information technology and metal sectors remained in the red right through the session as the bears remained relentless till the very end.
Stockometer Top gainers Worst losers
Thanks to the fall in crude oil prices, PSU oil stocks had a good run in the positive territory today. Aviation stocks Jet Airways and Deccan Aviation too enjoyed a bright spell. Power and FMCG stocks rebounded from their lower levels thanks to renewed buying in afternoon trade. Auto and capital goods stocks posted sharp losses.
The Sensex, which opened with a negative gap of around 330 points at 14,569.01 and tumbled to a low of 14,438.59 in intra-day trades, ended at 14,483.83 with a huge loss of 415.27 points or 2.79%. The Nifty settled at 4352.30 with a loss of 95.45 points or 2.15% at 4352.30. The NSE barometer which opened at 4444.70 this morning, touched a low of 4328.90.
Besides several large cap stocks, a number of stocks from midcap and smallcap segments too declined sharply on selling pressure today. The market breadth was weak. Out of 2728 stocks traded on BSE, 1619 stocks closed with losses. 1017 stocks ended on a positive note and 92 stocks ended flat.
Among Sensex stocks, only Hindustan Unilever (1.8%), ITC (0.2%) and ONGC (0.2%) ended in the positive territory. Nifty stock BPCL posted a handsome gain of 7.8%.
Ranbaxy Laboratories plunged 8.75% to Rs 450.25. HDFC lost around 5.75%. DLF and Jaiprakash Associates closed lower by 5.4% and 5.2% respectively.
Wipro eased by 4.85%. ICICI Bank, HDFC Bank, Infosys Technologies and Sterlite Industries lost 4% - 4.5%. Satyam Computer Services, Tata Steel, Reliance Industries, Grasim Industries, Bharti Airtel, Hindalco, Larsen & Toubro and Tata Motors lost 2% - 4%. State Bank of India slipped by over a per cent and Reliance Communications ended 0.85% down.
Unitech, Cairn India, Punjab National Bank, SAIL, Dr. Reddy's Laboratories, Nalco, Power Grid Corporation, Ambuja Cements, Tata Communications, Siemens, Zee Entertainment and Hero Honda were among the prominent losers in the Nifty index.
Axis Bank, Essar Oil, Akruti City, Gujarat Minerals, Bharat Forge, Aditya Birla Nuvo, Kotak Bank, Gujarat NRE Coke, Jindal Steel, REI Agro, Essar Shipping, NMDC and Crompton Greaves were some of the major losers from BSE 'A' Group today.
Hindustan Petroleum Corporation, Aban Offshore, Bajaj Holdings, Indian Oil Corporation, Reliance Power, Jet Airways, Phoenix Mills, Bharat Earth Movers, Mphasis, Areva, IDBI Bank, RECL and OnMobile Global ended with impressive gains.
-------------------------------------------
Other Stories:
Forex reserves at $295.309 b on Aug. 29
NSG: Govt expects positive decision
'India abides by voluntary moratorium'
Officials meet representatives of sceptic NSG countries
Vienna: India walks NSG tightrope
Govt seeks to allay apprehensions of NSG members'
Committed to voluntary moratorium on N-test
'Indian officials meet reps of sceptic NSG nations'Only minor progress at NSG meet
' US denies N-document cover up
NSG waiver: Indian officials work overtime
NSG inches closer to ending India's N-isolation
Direct tax collections up 4% in August
ONGC eyeing Canadian oil co for $1.5 b
Azim Premji invests Rs 230 crore in Subhiksha
Dr Duvvuri Subbarao takes charge as RBI governer
FIIs net sell Rs 1,857cr, DIIs net buy Rs 485cr
Oil prices slide below $105
Ratan Tata calls on Prime Minister
51 pc Govt stake condition to hit growth of PSU banks: RBI
Tata Power buys 11.4% in Oz geothermal firm
Reliance to drill Columbia offshore blocks in 2010
Stocks to watch: Tech Mahindra, Tata Power, GTL Infrastructure
Prabhudas puts outperformer on Axis Bank; target Rs 921
Buy Sterlite for target Rs 765: STCI Capital Market
Essel Propack acquires US co
Prabhudas assigns market performer to Sun TV; target Rs 276
Source:ET, Sify, BS.
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