Indian Stock Market Issues, Tips & Helps

Sensex lacklustre; Sterlite, DLF, ICICI Bank UP

2010-04-29T14:43:00.004+05:30

MUMBAI: Equities were in moving in a naroaw range with positive bias after profit booking in previous session. The trade is likely to remain choppy and turn volatile towards the end of session due to penultimate day of April F&O series expiry.

Some semblance of stability has returned to the global markets though Europe continues to be rattled by debt problems. Meanwhile, ratings agency S&P downgraded Spain's credit rating and said the outlook is negative.

In the US, the Fed left key rates steady and didn’t make any change in its language. The Fed said that the US economy continues to strengthen and the labor market is beginning to improve.

We expect a steady start on Indian bourses. After a sharp fall there is always a chance of a rebound. But the F&O expiry and uncertainty over the emerging financial situation in Europe may continue to haunt the bulls. Aggressive buying should be avoided till the near-term turbulence is over. The market will be volatile though select stock centric action may persist,” said India Infoline report.

At 10:36 am, National Stock Exchange’s Nifty was at 5234.60, up 19.15 points or 0.37 per cent. The index touched a high of 5243.50 and low of 5214.80.

Bombay Stock Exchange’s Sensex was at 17441.15, up 61.07 points or 0.35 per cent. The 30-share index hit a high of 17479.02 and low of 17382.09.

BSE Midcap Index was up 1.09 per cent and BSE Smallcap Index moved 1.40 per cent higher.

Amongst the sectoral indices, BSE Realty Index gained 2.16 per cent, BSE Metal Index moved 1.44 per cent higher and BSE Bankex gained 0.90 per cent. BSE FMCG Index declined 0.67 per cent.

Sterlite Industries (2.01%), Tata Steel (2%), DLF (1.92%), ICICI Bank (1.46%) and Maruti Suzuki (1.28%) were amongst the top Sensex gainers.

Hindustan Unilever (-1.88%), Sun Pharma (-1.06%), ITC (-1.02%), TCS (-0.93%) and Infosys Technologies (-0.74%) were amongst the losers.

Market breadth was positive on the BSE with 1869 advances and 628 declines.

US equities rose on Wednesday after the Federal Reserve’s encouraging comments on the strength of the economy, which gave some relief to investors worried about possible debt defaults in Europe.

The Dow Jones Industrial Average gained 53.28 points, or 0.48 per cent, to 11,045.27. The Standard & Poor's 500 Index rose 7.65 points, or 0.65 per cent, to 1,191.36. The Nasdaq Composite Index added 0.26 points, or 0.01 per cent, to 2,471.73.

Meanwhile, stocks in the Asia-Pacific region continued to remain sullen as a downgrade of Spain’s debt rating eclipsed Fed’s encouraging statement on the state of the economy. South Korea’s Kospi shed 0.47 per cent, Taiwan’s weighted dropped 0.03 per cent. Shanghai Composite was up 0.31 per cent. Japanese markets are closed today for a national holiday.

Resource Link

Basics of Indian Stock Market

2010-04-23T16:46:00.001+05:30

The Bombay Stock Exchange (BSE) and the National Stock Exchange of India Ltd. (NSE) are the two premier exchanges in India. You can find detailed information about these exchanges on their websites, www.bseindia.com and www.nseindia.com respectively.
The NSE and BSE are equal in size in terms of daily traded volume. The average daily turnover at these premier Indian exchanges grew nine fold to more than Rs. 77 billion in the nine year period between 1998 and 2007. Most key stocks are traded on both the exchanges and an investor can buy them on either.

BSE’s primary index is the BSE sensex comprising thirty stocks. Correspondingly, NSE has the S&P NSE 50 Index (Nifty) which consists of fifty stocks, respectively, are selected from different sectors. BSE Sensex is the older and more the widely followed index of the two, not the least because it embeds a longer history.

Both the exchanges have fully computerized systems of trading, respectively known as BOLT (BSE On Line Trading) and NEAT (National exchanges automated trading), which facilitate efficient order processing, automatic machine, faster execution of trades and transparency.
The scrip traded on the BSE have been classified into “A”, “B”, “B2”, “S”, “T” and “Z” groups. The “A” group represents those shares which are in the carry forward system .The “F” group represents the debt market (fixed income securities) segment. The “Z” group scrip are the blacklisted companies. The “G” group represents government securities.

The key regulator governing India’s stock exchanges, brokers, depositories, depository participants, mutual funds, foreign institutional investors (FIIs) and other participants in India’s secondary and primary markets is the Securities and Exchanges Board of India Ltd (SEBI).
Working of the Indian stock markets If you want to buy / sell shares from the stock market, you have to first place your order with a broker.

Depository

A Depository is an organization responsible for maintaining an investor’s securities in the electronic form. In India, there are two depositories, namely National securities Depository Ltd. (NSDL) and Central Depository Services Ltd. (CDSL).

Depository Participant (DP)

The market intermediary through whom investors can avail of depository services is called depository participant (DP). As per SEBI regulations, DPs are organization involved in the business of providing financial services such as Banks, brokers, custodians and financial institutions.

Why people Invest

Everybody wants to save and invest. You invest to make your money grow so that it will shield you against inflation. If your invested money gives returns that are more than the rate of inflation, only than you have a surplus. You can invest in fixed deposits, bonds, gold, property, mutual funds or in shares of companies. Investment decisions should be based on your risk profile, available savings and time horizon.You should always remember that risks and returns are directly proportional to each other, namely the higher the risk, higher the returns.

Resource Link : http://www.morungexpress.com/business/47627.html

Reliance Infrastructure, Hero Honda vault as Sensex, Nifty scale 25-month highs

2010-04-05T19:59:00.001+05:30

The key benchmark indices attained their highest closing level in more than 25 months aided by firm Asian stocks and higher US index futures. US markets settled at 18-month highs on Thursday, 1 April 2010 and some Asian markets zoomed to 19-month highs in today's trade buoyed by an upbeat US job data. The BSE 30-share Sensex rose 243.06 points or 1.37%, up close to 240 points from the day's low and off close to 10 points from the day's high.

NSE's volatility index, India VIX, edged lower, extending Thursday's (1 April 2010) sharp slide. The index fell 2.55% to 17.17. India VIX is a measure of the market's expectation of volatility over the next 30 calendar days. The lower the index, which is based the S&P CNX Nifty option prices, the higher the market's desire to take risk.

The market came off the higher level in early trade after a firm opening triggered by positive global cues. The market surged to a fresh 25-month high in early afternoon trade. Stocks held firm in afternoon trade. The market extended gains in mid-afternoon trade to hit fresh 25-month highs. Buying frenzy in index pivotals in late trade helped indices register fresh multi-month highs later.

The market breadth was strong. Auto stocks were in demand following good March 2010 monthly sales of auto firms. Metal stocks rose following firm prices on the London Metal Exchange on 1 April 2010. IT stocks declined in volatile trade on a firm rupee. Among heavyweight stocks, index heavyweight Reliance Industries (RIL) advanced almost 3%.

Stock-specific action may rule the roost in the near term based on expectations of Q4 March 2010 results. IT bellwether Infosys kickstarts the reporting season on 13 April 2010.

Emerging market equity funds ended March 2010 with their seventh consecutive week of inflows, bringing net inflows to nearly $7.6 billion in the first quarter. All four of the major fund groups took in modest amounts of fresh money, ranging from a net $6 million for Latin America Equity Funds to $222 million for EMEA Equity Funds. China equity funds, however, recorded inflows for only the third week so far this year as some investors continue to be put off by rich valuations, growing exchange rate and trade frictions with the United States and uncertainty about just how far authorities will go to prevent a property bubble.

Asian markets edged higher on Monday, 5 April 2010, as a strong US job report boosted confidence the global economy is recovering. Key benchmark indices in Indonesia, Japan, South Korea and Singapore were up by between 0.09% to 2.02%. Markets in Australia, New Zealand, China, Hong Kong and Taiwan were shut for holidays.

US markets advanced on Thursday, 1 April 2010 on upbeat economic data. However, anxiety about March payrolls report scheduled to be released on Friday 2 April 2010 and profit booking before the long Easter weekend, capped gains. The Dow Jones Industrial Average climbed 70.44 points, or 0.65%, to 10,927.07. The Standard & Poor's 500 Index rose 8.67 points, or 0.74%, to 1,178.10 and the Nasdaq Composite index added 4.62 points, or 0.19%, to 2,402.58.

An index of US manufacturing activity in March 2010 rose to its highest level in over five-and-half years, the Institute for Supply Management said. Earlier, a US Labour Department report showed initial weekly claims for jobless benefits fell more than expected.

US employers created jobs in March 2010 at the fastest rate in three years, the strongest signal yet that the US recovery is on a solid footing. US nonfarm payrolls rose 162,000 in March, the largest since March 2007, and only the third time payrolls have increased since the recession hit in late 2007. The unemployment rate held steady at 9.7% for a third straight month, the Labor Department said on Friday.

Trading in US index futures indicated that the Dow could rise 30 points at the opening bell on Monday, 5 April 2010.

The US Federal Reserve holds a closed-door meeting on Monday to review the discount rate, now at 0.75%. That rate is what Fed banks charge to institutions seeking emergency funds.

European equity markets were closed on Monday, 5 April 2010, for a holiday.

The world economy could grow 4.1% this year, 0.2 points more than previously forecast, the International Monetary Fund (IMF) said in the latest draft during the weekend of its World Economic Outlook. The US economy is now expected to grow 3% this year, instead of the 2.7% forecast in the IMF's January report. The IMF is due to publish its next World Economic Outlook on 21 April 2010.

According to the draft, euro zone growth this year is now forecast to be 0.8%, down 0.1 points from January's estimate. In 2011, the figure is seen at 1.5%, also down 0.1 points from a previous estimate, the report said.

Closer home, top banking executives have told the Reserve Bank of India (RBI) that credit growth will be over 20% in FY 2011 and they don't expect interest rates to go up soon. They don't feel there is any upward pressure on interest rates. Some bank chiefs met RBI Governor D. Subbarao ahead of the annual monetary policy scheduled for 20 April 2010 to discuss on issues including outlook on credit, deposit growth, lending rates, economic growth and inflation.

Finance Minister Pranab Mukherjee during the weekend said the economy would soon return to the 9% growth trajectory, helped by various measures announced in the Union Budget 2010-11. He said the economy would post 8.25-8.75% growth in the current fiscal after recording 7.2% growth in 2009-10, which is impressive by global standards.

Prime Minister Manmohan Singh recently said that the economy would get back to 9% growth by the end of the Eleventh Five Year Plan period, and do even better after that.

After clocking 9% plus growth for three straight years till 2007-08, the country's GDP grew by a relatively modest rate of 6.7% in 2008-09 on account of the international financial crisis.

The food price index rose 16.35% in the year to 20 March 2010, higher than an annual rise of 16.22% in the previous week, government data showed on Thursday. The fuel price index rose 12.75%, higher than an annual rise of 12.68% in the previous week. Fuel costs have risen following a hike in domestic fuel prices and an upswing in world crude prices. The primary articles index was up 13.86% in the year to 20 March 2010.

India's manufacturing growth slowed down in March 2010, dropping from a 20-month-record in February 2010, as mounting cost pressures took a toll on expansion in output, a survey released on Thursday showed. The HSBC Markit Purchasing Managers' Index , based on a survey of 500 companies, fell to 57.8 in March 2010 from 58.5 in February 2010, which was the strongest since June 2008. A reading above 50 means activity is expanding. The new orders index fell to 62.7 in March from 64 in February

Industrial output in February is expected to have grown 16% year-on-year, Industry Secretary said on Wednesday. The output in January grew an annual 16.7%.

Foreign direct investment rose 15.4% to $1.72 billion in February 2010 over February 2009, government said Wednesday.

Exports in February grew 34.8% on year to $16.09 billion, Trade Minister Anand Sharma said on Wednesday. Exports are expected to grow 15-20% in the year that starts on 1 April 2010, Sharma said. Imports, too, maintained momentum growing by 66% to $25 billion underscoring the strong revival in the domestic economy.

The BSE Sensex vaulted 7,819.27 points or 80.5% in the year ended March 2010 (FY 2010) helped by heavy purchases by foreign institutional investors. As per data from the stock exchanges, foreign institutional investors (FIIs) bought stocks worth a net Rs 14,792.31 crore in March 2010. Indian companied raised over Rs 47,800 crore through public offers during the fiscal 2009-2010, following buoyant secondary market.

Global credit rating agency Standard & Poor's, last month, revised the outlook on India to stable from negative due to improved government finances.

The forecast for the southwest monsoon for 2010 is the next major trigger for the market. Good rains this year after last year's drought will boost farm output and rural incomes. But another monsoon failure will add to inflationary pressure which in turn may hamper the current strong economic rebound. The June-September monsoon season is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector.

Tokyo-based Research Institute for Global Change has predicted normal monsoon rains in India for the current year. Agriculture secretary P K Basu said in a media interview today, 5 April 2010, that early signs indicate normal monsoon rains this year. The Indian Meteorological Department (IMD) issues a monsoon forecast, usually in the second half of April after considering weather observations in different parts of the world and extrapolating statistical data.

A weakening El Nino is a positive sign for the monsoon, Ajit Tyagi, director general at the India Meteorological Department, said on 18 March 2010. The cyclical heating of the Pacific Ocean known as El Nino will continue to fade, US forecasters said last month. The weather event, which occurs every four to seven years, brings more rain to South America and less precipitation to Asia.

The BSE 30-share Sensex rose 243.06 points or 1.37% to 17,935.68, its highest closing since 19 February 2008. The index rose 255.92 points at the day's high of 17,948.54 in late trade. The Sensex gained 1.04 points at the day's low of 17,693.66 in early trade.

The S&P CNX Nifty rose 77.90 points or 1.47% to 5,368.40 its highest closing since 5 February 2008. Nifty hit an intra-day high of 5,377.55.

The market breadth, indicating the overall health of the market, was strong. On BSE, 2224 shares advanced as compared with 642 that declined. A total of 59 shares remained unchanged.

The total turnover on BSE amounted to Rs 4398 crore lower than Rs 4704.59 crore on Thursday,1 April 2010.

From the 30 Sensex stocks, 24 advanced while the rest of them slipped.

The BSE Mid-Cap index rose 1.45% and the BSE Small-Cap index rose 1.97%. Both the indices outperformed the Sensex.

The BSE Realty index (up 2.66%), the BSE Oil & Gas index (up 2.03%), the BSE Auto index (up 2%), the BSE Bankex (up 1.86%), the BSE Metal index (up 1.71%), the BSE Power index (up 1.46%), the BSE HealthCare index (up 1.44%), outperformed the Sensex.

The BSE IT index (down 0.02%), the BSE FMCG index (up 0.33%), the BSE Capital Goods index (up 0.44%), the BSE Consumer Durables index (up 0.7%), the BSE Teck index (up 0.72%), the BSE PSU index (up 0.97%), underperformed the Sensex.

India's largest private sector power utility firm by sales Reliance Infrastructure jumped 5.1% to Rs 1067.45 after the company commissioned a 600 megawatt unit at the Rajiv Gandhi Khedar Thermal Power Plant at Hisar in Haryana. It was the top gainer from the Sensex pack.

But India's largest engineering and construction firm by sales Larsen & Toubro (L&T) was down 0.15% at Rs 1647.45. The stock slipped from day's high of Rs 1660. The company today said it has received an order worth Rs 1,060 crore from Gujarat State Petroleum Corporation (GSPC) to build an offshore oil platform.

Some other capital goods stocks rose. Praj Industries, ABB, Bharat Heavy Electricals, BEML and Siemens rose by between 0.7% to 4.02%.

Index heavyweight Reliance Industries (RIL) gained 2.88% to Rs 1125.15 after a foreign brokerage upgraded the stock to buy from neutral citing earnings growth, exploration and production upside.

RIL is reportedly likely to raise crude oil imports by about 22% this year ended March 2011 as it ramps up production at its giant complex, further stamping its mark on world markets.

Auto stocks were in demand following robust March 2010 sales figures. India's top motorbike maker by sales Hero Honda Motors surged 4.4% after it said sales rose 17% in March 2010 over March 2009.

SEBI - Indian markets third-most volatile in 2007 - 2008

2008-11-13T20:19:00.002+05:30

The Indian markets were the most volatile in the world after China and Hong Kong in 2007-08, according to market regulator Sebi.

"Equity markets witnessed unprecedented buoyancy as well as steep corrections in 2007-08. Towards the end of the year, there was steep correction in the indices on account of concerns over domestic inflation and impending global recession," Sebi said in its annual report.
The report said that the annualised volatility of the BSE benchmark

index Sensex increased to 30.6 per cent in 2007-08 from 27.6 per cent in the previous year.Similarly, the NSE Nifty recorded annualised volatility of 32.1 percent in 2007-08 compared to 28.0 per cent in the previous year.

Annualised volatility is a measure of the amount by which an underlying Index fluctuates.The BSE Sensex touched the yearly high of 21,206.77 on January 10,2008, and the lowest level of 12,425.52 on April 2, 2007, in 2007-08.The BSE Sensex and NSE Nifty appreciated by 19.7 per cent and 23.9
per cent, respectively, on March 31, 2008, over March 31, 2007.The BSE Sensex gained 2,572 points to close at 15,644 on March 31, 2008, from 13,072 on March 31, 2007. The Nifty also added 913 points to close at 4,735 at the end of March 2008 over 3,822 recorded at the end of March 2007.

India's annual return on a point-to-point basis was the fourth-highest in the world after the HERMES index of Egypt (56.3 per cent) JCI of Indonesia (33.7 per cent) and IBOV of Brazil (33.1 per cent).

Source : hindustantimes.com

Reliance Power board will consider issuing free bonus shares

2008-02-17T22:26:00.003+05:30

In an unprecedented move, Anil Ambani Group company Reliance Power will give free bonus shares to all its shareholders to compensate the losses they suffered when the company was listed a week ago.

"Reliance Power board will consider issuing free bonus shares to all shareholders excluding the promoters," a group spokesperson said.

On the day of its listing at Rs 547.8 a share, Reliance Power performed miserably at the stock exchanges and closed the day nearly 32 per cent lower.

The IPO had attracted a total demand of about Rs 7,50,000 crore and the company had issued the shares at Rs 450 while giving a discount Rs 20 a share to retail investors.

Stock recommendations for long term investors: 2008-09

2008-02-12T20:01:00.000+05:30

Below are some Decent Stock for Log term Investors 2008-09

Reliance Communications

Reliance Petroleum

Glenmark Pharma, Educomp solutions and Divis Lab

L&T

Reliance Industries

Welspun Gujarat

IDFC

Investors in Tata Steel (corus), Hindalco and Tata Motors (Nano) will need to wait 2-3 years to get real benefits.

Tata Chemicals, Matrix Labs, Infosys and Indian hotels are my wild bets for long term investors.
Zylog systems is a good stock among the new businesses. I have doubts over Everonn valuations.

Gateway Distriparks may bounce back at any time. It has good prospects in the logistics .

To Read more please click here >>>

Source and credit:stockmarket.india-guides.com

8 Reasons for Indian Stock Market Crash in October

2008-02-12T19:51:00.000+05:30

Political Instability: This is the single most major reason for stock market crash. Investors especially FIIs never like political instability and they will book profits and go to another country. Even though political turmoil will have no significant impact on the growth of companies, stock markets always negatively respond to political instability.

RBI decision: Don’t expect positive news from RBI. Don’t be fooled by inflation data which is released on every Friday. You will know real inflation in the routine life. No government will allow raising inflation by cutting interest rate cut just before elections. RBI will definitely raise CRR and is major negative news for markets.

Negative news: When markets rose too high within a short span, single negative news will create havoc in stock markets. Markets discounted negative news like Crude rise, rupee appreciation, inflation concerns in U.S after fed rate cut and slow down in economic growth etc. How long investors will discount all these negative news?

Government policies: If mid-term polls are inevitable, Government prefers people over companies. Popular policies will slow down momentum which will negatively impact investors sentiment towards India.

Foreign Investors (FIIs): FIIs were major culprits for August crash and are going to be responsible for October crash. Just see and learn how they are cashing money from every rise?

Economic growth: There is a slow down in economic growth if you see the data but markets already discounted 2008-09 earnings especially for high growth sectors like power and capital goods.

Profit booking: Shrewd investor always book profits just before every crash whether it is in 2000 or 2006. Greedy investors always lose money in every crash. Decide yourself whether you are greedy or not?

US markets: US fed rate cut created euphoria among investors but this will actually show negative impact on the long term on credit crisis. It treated chronic disease in acute manner. Instead of curing root causes of credit concerns, it went in superficial manner which will cause inflation pressure in America and severely impact economy.

To Read more please click here >>>
Source and credit to : stockmarket.india-guides.com

Archemix withdraws IPO

2008-02-09T02:03:00.000+05:30

WASHINGTON, Feb 6 (Reuters) - Archemix Corp on Wednesday filed with the U.S. Securities and Exchange Commission to withdraw its plans for an initial public offering, saying unfavorable market conditions would adversely affect the IPO.

The biotechnology company had planned to sell 4.5 million shares in the range of $12 to $14 each.

Bear Stearns & Co and Cowen and Co were underwriting the IPO. Archemix had planned to list its shares on the Nasdaq under the symbol "ARCH." (Reporting by Karey Wutkowski)

Please visit reuters.com for more informations.

Source and credit:- reuters.com

Emaar MGF withdraws IPO

2008-02-09T01:59:00.000+05:30

EmaarMGF Land Ltd, a joint venture between Dubai’s Emaar Properties and India’s MGF Developments, Friday announced that it had withdrawn and postponed its initial public offering (IPO) to a later date.

The company did not mention when it would consider floating its shares again.

“Emaar MGF Land Limited has withdrawn and postponed its initial public issue to an appropriate time,” the company said in a communiqué.

“The company decided to take this step as a result of the prevailing adverse market sentiments, fuelled by renewed indications of a US recession and global meltdown,” it said.

EmaarMGF, whose IPO opened Feb 1, had to cut the offer price twice following weak response from the investors.

The price band, which was originally set at Rs.610-690 a share, was first reduced to Rs.540-630. Earlier this week, the lower end was further reduced to Rs.530 a share.

Through the IPO, the real-estate firm planned to raise $1.64 billion, down from the earlier projection of $1.8 billion.

“Given the prevailing sentiments in the capital markets, it was unclear how well the stock would trade post listing; it has been considered wiser to revisit the markets only when the demand and sentiment is stable and better providing greater value to the investor,” the statement said.

“EmaarMGF remains committed to executing its projects in hand and is well funded to ensure that this delayed IPO will not hamper its growth plans. The company expects to return to the market at a later date when sentiment and liquidity conditions are better,” it added.

The IPO had received applications worth Rs.57.79 billion, while its retail portion got over 22,5000 applicants.

To read more please visit:- freshnews.in
Source and credit:- freshnews.in

Wockhardt withdraws IPO

2008-02-09T01:54:00.000+05:30

Volatile market claimed its first victim in the stock market Thursday when Wockhardt Hospitals Ltd quietly withdrew its Initial Public Offering (IPO).

The issue was subscribed by a mere 18 per cent on the last day of its closing Thursday. The company plans to refund the entire IPO money within 15 days.

For listing on the bourses, 90 per cent of the issue must be subscribed. Wockhardt had attempted to salvage the issue by extending the subscription closing date from Feb 5 to Feb 7.

The IPO of 25 million shares opened for subscription initially in the price band of Rs 280 to Rs 310.

To Read more please visit:- sify.com/finance
Source and Credit:- sify.com

NC’s Biolex withdraws IPO

2008-02-09T01:47:00.000+05:30

PITTSBORO, NC—Biolex, a company focused on producing proteins hard to synthesize via the plant Lemna, a duckweed, has withdrawn its registration for an $80 million IPO, citing “unfavorable market conditions.”

The company had planned to trade on Nasdaq.

Biolex raised about $100 million in VC funding since 1997. Investors include Intersouth Partners, Johnson & Johnson Development Corp., Quaker Bioventures, Polaris Venture Partners, Investor Growth Capital, Mitusi & Co. Venture Partners, JP Morgan Securites, Easton Capital, and Dow Venture Capital.

Intersouth holds the largest stake at 20.3 percent.

Source:- techjournalsouth.com

Reliance Power Allotment, REPL IPO Allotment Status

2008-02-04T23:08:00.000+05:30

Check Reliance Power Allotment, REPL IPO Allotment Status :-

Please Click Here

BSE Listings of 28th Jan 2008

2008-01-28T20:20:00.001+05:30

Code	Company	Open	High	Low	Last Price	Volume
532919	Allied Computers	41.50	41.5	39.2	39.65	24073
532935	Aries Agro Ltd	156.50	171	143	168	236584
532916	Barak Valley	49.75	53.8	47.3	52.8	12828
532930	BGR Energy	646.00	646	591	617.2	31884
532929	Brigade Enter	324.00	331	290	312.6	87269
532931	Burnpur Cement	30.00	31	28	30.6	433951
532913	Circuit Systems	32.00	32.8	30.25	31.9	11536
532927	eClerx Services	323.00	370	321	352.4	44039
532922	Edelweiss Cap	1020.00	1025	951	1014	35605
532920	Empee Distillers	218.90	230	210	227.6	17186
532926	Jyothy Labor.	760.00	805	760	802.4	2779
532925	Kaushalya Infra	53.45	58.7	53.05	57.7	78095
532924	Kolte Patil Deve	160.00	181	152.1	177	422240
532932	Manaksia	97.00	104	90.9	101.3	328923
532921	Mundra Port	860.00	865	784	820.9	280513
532933	Porwal Auto Comp	36.70	40.8	35.8	38.95	264999
532934	Precision Pipes	90.10	93.4	85	91.5	37635
532918	Rathi Bars	24.60	25.4	22	25.2	33685
532915	Religare Enter	550.00	550	475.3	532.4	44142
532923	Renaissance Jew	95.00	99	94.1	96.8	14033
532928	Transform & Rect	560.00	614	551.1	596.5	33983
532917	Varun Industries	109.05	109	98.1	106.4	57917

Black Monday again: Biggest Ever Point Fall For Markets

2008-01-21T23:49:00.000+05:30

It was a highly dramatic and scary day for markets as markets saw their biggest ever fall. It was the worst day of trading in our trading history as the pace of the fall was unnerving. We started weak and with heavy bouts of selling was seen during the day with Sensex and Nifty down almost 12% at one point of time. Sensex went below 17,000 mark during the course of the day and Nifty sub 5000 mark.

Sensex closed down 1,408.35 points or 7.41% at 17605.35, and the Nifty down 496.50 points or 8.70% at 5208.80.

About 213 shares have advanced, 2746 shares declined, and 22 shares are unchanged.

Before this the markets saw the second highest point fall on May 18, 2006; Sensex was down 826 pts (6.76%) on account of Government circular on taxing investment gains; heavy selling by FIIs, retail investors and a weakness in global markets.

On April 28, 1992; Sensex was down 570 pts (12.77%) on account of Harshad Mehta securities scam. On May 17, 2004; Black Monday. Sensex was down by 565 points on concerns over NDA losing election to loses BJP.

It has not only been the pressure from global peers but on the domestic front also with increased unwinding pressure the fall has been accentuated.

Even experts were a bit shaken and shocked with the nasty fall. According to Raamdeo Agarwal with global news not favourable there might be a further fall in the markets. He feels that Indian markets can't remain isolated when selling is seen in markets across globe including Asia.

Markets broke all the important technical and psychological levels.According to analyst the scenario was similar to the May 2006 fall. There is pressure due to triggering of margin call. Nifty Futures is trading at 100 points discount.

India was the worst performing market today in Asia; US recession fears have aggravated which led to Japan's Nikkei declining 3.865% or 535.35 points, Hong Kong's Hang Seng tumbled 4.425% or 1115.12 points Singapore's Straits Times slipped 3.23 and South Korea's Seoul Composite fell 2.95%.

Europe is trading extremely weak with DAX down over 3% followed by CAC and FTSE.

After seeing a sharp fall of over 15%, the BSE midcap and smallcap index closed down 10%.

Realty, metal, midcap index have collapsed, however all the BSE indices were trading with huge cuts. BSE realty and metal index were down over 13%, followed by power and oil & gas index was down over 10%. Pharma and auto were down over 7%.

Among the biggest midcap losers Nagarjuna Fert, WWIL, Oswal Chem down 33%, Essar Oil down 30% Ispat Ind was down 30%, Bajaj Hind down 28% and Chambal & Arvind down 26%.

Among the top Nifty losers RPL, REL, Bajaj Auto were down 19%, Tata Power down 16%.

The BSE Midcap Index ended at 7,881.99 down 11%.

The BSE Smallcap Index ended at 10,911.66 down 10%.

The BSE Bankex ended at 10,582.01 down 7%. ICICI Bank, Centurion Bank, HDFC Bank, Federal Bank, Canara Bank moved downwards.

The BSE Capital Goods Index closed down 7% at 17,087.82. Triveni Engg, Siemens, L&T, Thermax closed lower.

The BSE Auto Index closed at 4,664.53 down 10%. Hind Motors, Bharat Forge, Tube Investment, Maruti Suzuki, Apollo Tyres closed lower.

The BSE Metal Index closed at 14,963.38 down 13%. Among the top losers were Jindal Steel down 27%, SAIL down 13%, Tata Steel down 8%.

The BSE FMCG Index closed down 6% at 2,173.21. Colgate, ITC, Bata India, Godrej Consumer, HUL, GlaxoSmith Con closed lower

BSE Oil and Gas Index closed at 11,089.33 down 12%. RIL down 9.3%, ONGC down 7.9%. Reliance Natura, HPCL, RPL also ended in red

BSE power index closed at 3,828.81 down 11%. Torrent Power, NTPC, Reliance Energy, Tata Power, Power Grid Corp, Crompton Greave ended in red.

The BSE IT Index was down 6% at 3,573.25. I-Flex Solution, Patni Computer, Financial Tech, Mphasis, Tech Mahindra, TCS, Infosys closed lower.

The NSE cash turnover was at Rs 24508.6 crore and the NSE F&O turnover was at Rs 82241.65 crore. The BSE cash turnover was Rs 9305.91 crore. Total market wide turnover was at Rs 116056.16 crore.

Source: moneycontrol.com

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Sensex loses over 2000 Points Monday 21st Jan 2008

2008-01-21T23:47:00.000+05:30

The Sensex and the Nifty have crashed to 16,951.50 (down 2062.20 points or 10.85% and 5145 (down 560.30 points) respectively as panic stricken investors keep pressing sales on the major Indian bourses this afternoon.

Stocks across the board have succumbed to the onslaught and it now appears that only a significant contribution (as buyers) from institutional investors will pull the market out of the shambles that it is in at present.

The market, on so many occasions in recent years, had shrugged off weak global trend. So confident were the participants about India Inc growth story and about strong economic fundamentals that they used to ignore weak global markets. But the recent debacle on global bourses has certainly sent shock waves and the fact is illustrated by the heady plunge the Indian stocks have made since last Monday.

ACC, down 18.45%, is the biggest loser in the Sensex. NTPC has tumbled 17.55%. Reliance Communications has plunged 16.4% and Hindalco has lost 14.8%. Ambuja Cements, BHEL, DLF, Grasim Industries, ICICI Bank, Larsen & Toubro, Reliance Industries, Reliance Energy, State Bank of India and Tata Steel have lost 10% - 13% now.

Source: sify.com/finance

For more details please click here >>>>

Sensex crashes by 1408 pts; Nifty ends nearly 500 pts down

2008-01-21T23:43:00.000+05:30

The benchmark indices Sensex and Nifty recorded their worst ever outing in terms of points lost today as panic stricken investors kept pressing sales across the board right through the session.

It was a highly negative start for the stocks - the sector or size was no consideration - this morning as weak global markets sent prices crashing down sharply. The situation turned from bad to worse as the session progressed as participants, not willing to take chances, stayed wary of opting for the buy button even at lower levels. Margin calls from brokers accentuated the fall.

So sharp was the erosion in values of blue chip stocks cutting across sectors that the Sensex crashed by over 2000 points to 16,951.50 this afternoon, a fall sharp enough to halt proceedings on the exchange had it happened a few minutes earlier. (A 10% fall of the Sensex before 1 p.m., would have halted trading for an hour. A 30 minute suspension is what the exchange prescribes for a 10% fall of the barometer if that happens between 1 p.m - 2.30 p.m.). The Nifty was down by 728.30 points at 4977.10 a little past 2.30 this afternoon.

While the Sensex ended the session at 17,605.35 with a loss of 1408.35 points or 7.41%, the Nifty settled at 5208.80, netting a loss of 8.7% or 496.50 points.

Having stayed somewhat immune to global happenings for long, equities on the Indian bourses had started sliding down since the beginning of last week. And, after five successive days of losses, they plunged even more sharply and must certainly have shaken even a hardcore optimist.

The Sensex drew a blank today with none of its components making it to the positive territory. Satyam Computer Services, which had opened on a weak note and was down with a loss of over 10% at one stage this morning, ended marginally behind its previous closing price. However, the stock ended with a gain of nearly 3% on the National Stock Exchange. All other Nifty components ended in the red today.

Reliance Energy, which went down by 16.35%, was the biggest loser in the Sensex. ACC (down 15.85%), Bajaj Auto (down 15.2%), NTPC (down 14.15%), Reliance Communications (down 12.7%), Hindalco (down 10.3%) and DLF (down 10.15%) also finished with big losses.

Index heavyweight Reliance Industries plunged 9.45% to Rs 2544.20. Tata Motors and BHEL eased by over 8%. ONGC, Mahindra & Mahindra, Tata Steel, Tata Consultancy Services, State Bank of India, Hindustan Unilever, Larsen & Toubro and Ranbaxy Laboratories lost 6% - 8%.

Cipla (down 5.9%), ICICI Bank (down 5.8%), Bharti Airtel (down 5.2%), Infosys Technologies (down 5.05%), ITC (down 4.35%), HDFC (down 4.25%), Maruti Suzuki (down 3.85%), HDFC Bank (down 3.7%), Ambuja Cements (down 3.6%) and Wipro (down 3.4%) also ended with sharp losses.

Reliance Petroleum (down 17.55%) was the biggest loser in the Nifty. Tata Power, VSNL, Suzlon Energy, Unitech, SAIL, Idea Cellular, GAIL India and Sterlite Industries went down by 11% - 15%.

Cairn India, BPCL, Dr. Reddy's Laboratories, Hero Honda, ABB, HCL Technologies, GlaxoSmithKline Pharma, Zee Entertainment, Siemens, Punjab National Bank and Nalco also finished with big losses.

Motherson Sumi and Simplex Infrastructure were the only gainers from the Midcap index. Among stocks from the Smallcap index, Diamond Cables, Subhkam Capital, GL Hotels and Lakshmi Overseas finished with gains. While the BSE 100 index drew a blank, Asian Paints and Container Corporation - they moved up by over 2% - were the only gainers from BSE 200 index. The BSE 500 had just five gainers with stocks cited above being the ones to make the grade.

All the sectoral indices tumbled. The Metal, Oil & Gas, Power, PSU and Realty indices went down by 10% - 13.5%. The Auto index lost 9.39%. The Bankex, Consumer Durables, Capital Goods, Healthcare and Teck indices lost 6.75% - 8.5% while the FMCG and IT indices eased by 5.62% and 5.73% respectively.

Mirroring the huge sell-off in midcap stocks, the BSE Midcap nosedived by 11.38%. The Smallcap, suffering a loss of 10.27%, fared only marginally better.

The market breadth was pathetic. Out of 2811 stocks traded on BSE, only 139 stocks ended with gains. 2657 stocks finished with losses and 15 stocks ended at their previous closing levels.

Source: Sify.com/Finance

For more details please click here >>>>

BSE Listings 21 Jan 2008

2008-01-21T23:37:00.001+05:30

Code	Company	Open	High	Low	Last Price	Volume
532919	Allied Computers	43	43	40.45	40.45	25713
532935	Aries Agro Ltd	208.7	208.7	167.4	176	911029
532916	Barak Valley	58.6	58.6	48.25	50.6	42890
532930	BGR Energy	700	715	630	662.7	149988
532929	Brigade Enter	326	326	273	286.75	178917
532931	Burnpur Cement	37	37.95	30.8	31.55	1375773
532913	Circuit Systems	35.1	38.6	33.75	33.85	30966
532927	eClerx Services	381.9	381.9	313	321.3	163589
532922	Edelweiss Cap	1410	1410	1037	1115.2	171113
532920	Empee Distillers	291.2	299	237.3	246.6	47907
532926	Jyothy Labor.	915	915	790.1	813.85	10346
532925	Kaushalya Infra	73.75	73.75	59.65	59.8	209401
532924	Kolte Patil Deve	208.5	208.5	166.2	171.75	430520
532932	Manaksia	133	133	107.1	108.35	448771
532907	Maytas Infra	785	795	661	744.45	35698
532921	Mundra Port	990	1000	793.3	824.05	623464
532933	Porwal Auto Comp	63	64.5	49.75	49.75	667444
532934	Precision Pipes	121	123	98.3	100.45	246289
532918	Rathi Bars	30.8	30.8	24.95	24.95	142689
532915	Religare Enter	605	649	506.4	507.85	328173
532923	Renaissance Jew	131.85	131.9	106	108.45	38402
532928	Transform & Rect	660	660	572.1	599.75	103504
532917	Varun Industries	126.9	128	100.8	103.15	228563

BSE Listings Dated 21st Jan 2008

India's 10 largest IPOs

2008-01-19T00:13:00.000+05:30

No. 1: Reliance Power Ltd
> IPO size: Rs 11,700 crore
> Year of issue: 2008

No 2. Oil and Natural Gas Corporation
> IPO size: Rs 9,500 crore
> Year of issue: 2004

No. 3: DLF
> IPO size: Rs 9,188 crore
> Year of issue: 2007

No. 4: Cairn India
> IPO size: Rs 5,788 crore
> Year of issue: 2006

No. 5: Tata Consultancy Services
> IPO size: Rs 5,420 crore
> Year of issue: 2004

No. 6: NTPC
> IPO size: Rs 5,368 crore
> Year of issue: 2004

No. 7: Reliance Petroleum
> IPO size: Rs 2,700 crore
> Year of issue: 2006

No. 8: Idea Cellular
> IPO size: Rs 2,443 crore
> Year of issue: 2007

No. 9: Reliance Petroleum
> IPO size: Rs 2,172 crore
> Year of issue: 1993

No. 10: Jet Airways
> IPO size: Rs 1,899 crore
> Year of issue: 2005

For more details and information please Click here >>>
Source : specials.rediff.com/money

BSE Listings 18 Jan 2008

2008-01-18T22:01:00.001+05:30

Code	Company	Open	High	Low	Last Price	Volume
532919	Allied Computers	44.25	45	42.45	42.55	88052
532935	Aries Agro Ltd	218.00	230.7	205.5	208.7	1911000
532916	Barak Valley	59.35	61.6	57	57.85	94010
532930	BGR Energy	745.00	748	711	725	124880
532929	Brigade Enter	344.00	345	322.1	325.45	121243
532931	Burnpur Cement	41.00	41.5	36.95	37.95	1339714
532913	Circuit Systems	39.00	40	37	37.45	27387
532927	eClerx Services	391.00	445	375.6	381.1	1466090
532922	Edelweiss Cap	1501.00	1508	1394	1411.15	84915
532920	Empee Distillers	309.00	311.9	293	296.55	30519
532926	Jyothy Labor.	907.00	938	882.1	900.45	32090
532925	Kaushalya Infra	78.00	79.95	73.25	74.5	230343
532924	Kolte Patil Deve	220.00	222.7	203.2	207.7	260781
532932	Manaksia	149.50	149.5	131	133.85	983679
532907	Maytas Infra	820.00	840	785	798.85	12945
532921	Mundra Port	1023.00	1070	975.1	991.6	475893
532933	Porwal Auto Comp	67.25	70.85	60	62.15	1762394
532934	Precision Pipes	133.10	138.8	120	122.85	426611
532918	Rathi Bars	32.95	33	31	31.15	64385
532915	Religare Enter	610.00	649.9	610	632.9	132455
532923	Renaissance Jew	138.65	140	130	130.8	45062
532905	Saamya Biotech	24.00	25.3	22.9	23.1	344216
532928	Transform & Rect	691.30	709.9	656	668.25	47248
532917	Varun Industries	134.00	139	123.5	125.95	204522

Burnpur Cement Limited IPO Information

2007-11-22T23:55:00.000+05:30

Burnpur Cement Limited IPO Information

»» Public Issue Open : November 28, 2007 to December 03, 2007

»» Public Issue Type : Fixed Price Issue (Initial Public Offer IPO)

»» Public Issue Size: 3,18,25,100 Equity Shares of Rs. 10/- each

»» Face Value: Rs. 10/-

»» Public Issue Price: Rs. 12/- Per Equity Share

»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-

»» Listing : BSE, NSE»» Lead Manager: SREI Capital Markets Limited

»» Registrar : Niche Technologies Pvt. Ltd.(Ph: +91 33 2235 7270 Email: burnpur@nichetechpl.com)

Source And Credit : chittorgarh.com

Mundra Port to set up 30 mt coal terminal by 2011

2007-11-22T22:44:00.000+05:30

Ameet Desai, Executive Director at Mundra Port & SEZ said, the encouraging response received from investors was attributable to a clear affirmation that the infrastructure sector in India was on a growth curve. He added that the Port-SEZ logistics story that the company was offering was also very convincing to investors.

Commenting on future projects for the company, he said the most important project was the setting up of the 30 million tonne imported coal terminal at Mundra Port, expected to be operationalised from 2011 onwards. He added that two container train rakes were fully operational, and the target was to take them up to 20 over the next 12 to 18 months.

Excerpts from CNBC-TV18's exclusive interview with Ameet Desai: For more Please Read...

Source And Credit: moneycontrol.com

Do and Donts For Stock Market Investments

2007-11-22T22:27:00.002+05:30

1. This is the question probably every equity investor would have asked himself a number of times

What you Must NOT Do in Stock Market

Don't panic
Don't make huge investments
Don't chase performance
Don't ignore expenses

2. What You Must Do in Indian Stock Market

Don't panic
Get Rid of the Junk
Diversify
Belive in your Investment
Stick To your Strategy

Mundra Port IPO subscribed 115 times

2007-11-22T22:27:00.001+05:30

Mundra Port and Special Economic Zone, India's largest non-government cargo terminal, has received overwhelming response for its IPO, subscribed 114.69 times till 5 pm, as per data available on NSE website.

The issue received bids for 4.61 billion shares against 40.25 million shares on offer and bids for 14.36 crore shares at cut off price.

Qualified institutional investors has given strong support to the issue. The reserved portion of QIBs subscribed 155.51x followed by HNIs 132.07x and Retail 10.90x, till 4 pm.

Mundra, which aims to set up cargo and coal terminals and develop a trade zone from the proceeds, is tapping an economy forecast to grow about 8.5 percent in the year to March 31. India's gross domestic product grew an average 8.6 percent over the past four years.

The Adani Group, founder of Mundra Port, has interests in commodities trading, coal mining, power generation, real estate development and agriculture processing.

Source : moneycontrol.com

Mundra Port an excellent issue: Tulsian

2007-11-22T22:26:00.000+05:30

SP Tulsian of sptulsian.com said Mundra Port is an excellent issue and Empee Distilleries is quite a good issue. Read More...

Source : moneycontrol.com

Religare IPO subscribed over 160 times

2007-11-22T22:25:00.000+05:30

The initial public offer (IPO) of Delhi-based Religare Enterprises received an overwhelming response as the issue was subscribed by 159.95 times on the last day of the offer today.

The qualified institutional bidders (QIB) segment was subscribed 46.23 times, according to the NSE website at the time of going to the press.

The high networth investors (HNI) portion was subscribed 2.45 times and the retail portion was subscribed 13.38 times.

The company had set a price band of Rs 160-185. The company is offering 75.76 lakh shares and will raise Rs140 crore at the upper end of the price band.

Religare Enterprises is the holding company for all its businesses — Religare Securities, Religare Wealth Management Services, Religare Capital Markets and Religare Insurance Broking, among others.

Enam Financial Consultants and Citigroup were the merchant bankers to the issue. The IPO by Religare Enterprises, founded by Ranbaxy Labs’ promoters, is the latest firm to hit the markets from the brokerage-cum-financial services industry.

Earlier, Motilal Oswal Financial Services received similar response for its IPO, which had a spectacular listing on the bourses.

Source : business-standard.com

Sailing like a champ - Mundra port and Special Economic Zone (MPSEZ)

2007-11-22T22:22:00.000+05:30

Mundra port and Special Economic Zone (MPSEZ), an Adani group promoted company and developer and operator of the Mundra port, plans to raise up to Rs 1,750 crore through an initial public offer. The IPO comprises a net issue of 41.5 million equity shares. It is being offered via a 100% book-building process in the price band of Rs 400-440 per share of face value of Rs 10 each. The offer represents 10% of MPSEZ’s post-issue capital. Bulk of the proceeds will be used to develop a coal terminal and construction and development of basic infrastructure in the proposed SEZ at Mundra. A small part of the proceeds will go as equity investments in other infrastructure projects being developed by the Adani group. Read More...

Source : economictimes.indiatimes.com

Upcoming IPO: Empee Distilleries Limited IPO

2007-11-22T22:19:00.000+05:30

Edelweiss Capital Limited IPO Information
»» Public Issue Open : November 15, 2007 to November 20, 2007
»» Public Issue Type : 100% Book Built Issue (Initial Public Offer IPO )
»» Public Issue Size: 8,386,147 Equity Shares of Rs. 5/-
»» Face Value: Rs. 5/-
»» Public Issue Price: Rs. 725/- to Rs. 825/- Per Equity Share
»» Market Lot: 20 Shares
»» Minimum Order Quantity: 20 Shares
»» -->CRISIL IPO Grade: 4/5
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing At: BSE, NSE
»» Lead Manager(s): Kotak Mahindra, Citigroup Global and Lehman Brothers Securities Pvt Ltd

»» Registrar : Intime Spectrum Registry Limited (Ph: +91 22 2596 0320
Email: edel.ipo@intimespectrum.com)

Source : http://www.chittorgarh.com

Sensex dilemma: To list or not to list

2007-11-22T22:13:00.000+05:30

A Delhi-based company recently decided to raise money for an expansion project through an initial public offer. But the promoters held back their plans as the bulls ran amok in the stock market. The Sensex soared 3,000 points in a matter of 30 days and while many pundits cheered the bulls on, the skeptics raised an alarm. The board of the small company was advised to wait and watch - with its size, it wasn’t worth the risk.

“These companies have the potential to grow fast. They need the right type of capital - free capital, where the entrepreneur is allowed to grow faster,” says N Balasubramanian, former CMD of SIDBI, who sits on the boards of many companies including Standard Chartered Bank. Raising money through an initial public offer (IPO) is an option, but one needs to be careful of valuations in a volatile market.

Difficulty in raising risk capital has always been a challenge for SMEs because of their size and style of operation. And while PE firms have emerged as the perfect intermediate solution for such companies, giving them a fresh lease of life beyond VC-funded growth, an IPO is the next logical step.

Tecpro Systems, which services large infrastructure projects in the power, cement and steel sectors, is at such a stage. One-and-a-half years after he founded the company, Amul Gabrani chose the PE route to fund growth, with Avigo Capital Partners, a New Delhi based private equity (PE) fund bringing in Rs 35 crore in multiple tranches over three years. Now Gabrani is getting ready for an IPO. “We have reached a threshold level where we need to expand. To grow beyond this we have to be listed,” he says.

Listing on the primary exchange isn’t an easy option for most SMEs since the compliance norms stipulated by SEBI require overhauling internal systems and adherence to strict corporate governance standards. The cost of listing through an IPO can also be daunting. But importantly, small business owners often cannot grapple with the complexities of the primary or secondary markets. “They are good in their own business. But in the financial world there are new products coming in all the time. They do no have the wherewithal, manpower or understanding to follow all the guidelines,” says Balasubramanian. “Moreover, the present rules and regulations set up for IPOs are cumbersome, costly and elaborate.”

Continued...Next >>

Source And Credit : economictimes.indiatimes.com