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Statistics |
| Unique Visitors: 1348 |
| Total Unique Visitors: 4783460 |
| Visitors Out: 4730 |
| Total Visitors Out: 4730 |
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| Sensex sheds 344 points on weak global cues, higher inflation |
| 2008-05-09 08:23:00 |
The market tumbled today hit by a series of bad news on the domestic and global front. India`s inflation surged to more than 3-year high, global markets declined and crude oil hit yet another record high near $125 a barrel.All the sectoral indices on BSE, barring FMCG index, were in red. Oil & gas, realty and banking stocks declined sharply.Inflation based on wholesale prices rose 7.61% in the 12 months to 26 April 2008, marginally higher than previous week`s annual rise of 7.5%, government data released in early afternoon trade showed.European markets, which open after Indian markets, were trading sharply lower. Key indices in UK, France and Germay were down by 1.52% to 2.48%. Asian markets, which opened before Indian market, were trading lower. Key in...
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| Asian Markets Moves back in Red ahead of the weekend |
| 2008-05-09 05:21:00 |
Most of Asian markets closed the week in a negative zone, with Japanese stocks extending their decline on Toyota Motor Corp., after the automobile giant reported a drop in quarterly profit and forecast its annual earnings will weaken. Higher crude-oil prices lifted stocks of energy producers in Tokyo and Sydney, but hurt shares of refineries in China and Hong Kong.The Nikkei 225 Average dropped 2.1% to 13,665.34, and the broader Topix index lost 2.3% to 1,341.76. On the data release front Japan`s foreign exchange reserves registered a first drop in 11 months due to a weaker euro and U.S. Treasury bond prices.The foreign reserves dipped to $1.00 trillion at the end of last month from a record $1.02 trillion in March, the ministry said. At that level, Japan...
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| Market extends losses on weak global cues; RIL slips |
| 2008-05-09 05:17:00 |
The market extended losses in the mid-afternoon trade. Weak global cues and a surge in inflation to more than three year high dampened the investor sentiments today. Consumer durables and FMCG stocks bucked the weak market trend. Bharti Airtel held firm.Inflation based on wholesale prices rose 7.61% in the 12 months to 26 April 2008, marginally higher than previous week`s annual rise of 7.5%, government data released in early afternoon trade showed.European markets, which open after Indian markets, were trading lower. Key indices in UK, France and Germay were down by 1.13% to 2.04%. Asian markets, which opened before Indian market, were trading lower. Key indices in China, Hong Kong, Japan, Singapore, South Korea and Taiwan were down by 0.36% to 2.06%.At 1...
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| Bank shares down after inflation data |
| 2008-05-09 02:26:00 |
The market witnessed a bout of volatility after the latest data showed a surge in inflation to highest level in more than three years. Banking and oil & gas stocks edged lower. The market breadth was positive.Inflation based on wholesale prices rose 7.61% in the 12 months to 26 April 2008, marginally higher than previous week`s annual rise of 7.5%, government data released in early afternoon trade showed.Asian markets were trading lower. Key indices in China, Hong Kong, Japan, Singapore, South Korea and Taiwan were down by 0.60% to 2.06%.At 12:20 IST, the 30-share BSE Sensex was down 31.87 points or 0.19% at 17,048.78. The index lost 106.03 points at day`s low of 16,974.62, hit in early tra...
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| Market to stay cautious ahead of inflation data |
| 2008-05-09 00:19:00 |
The market is likely to turn cautious ahead of inflation data to be released for the week ended 26 April 2008 by noon today. Soaring crude oil prices and no visible cooling in the prices of primary articles, inflation is likely to be more or less near previous week`s levels.The spiralling inflation has been the biggest cause of concern for Indian equities market. The wholesale price index (WPI) in the week ended 19 April 2008 had galloped to a fresh three-and-a-half-year high of 7.57% from 7.33%. The WPI remained above the 7%-mark (significantly above RBI`s revised target of 5.5% for the year) for the past four weeks.The recent rally in crude oil may also continue to weigh on investor sen...
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| Todays Market |
| 2008-05-08 23:09:00 |
Asian markets decline in initial sessionAsian markets declined in the initial session of trade on Friday (May 09), led by automakers and technology companies, after Toyota Motor and Olympus cuts profit forecast due to rising raw material costs.Toyota led the automakers lower after it announced that rising gasoline prices and a U.S. economic slowdown will reduce the profits. While, BHP Billiton and Inpex Holdings gained after oil futures traded crossed USD 124 a barrel.Japan`s index Nikkei 225 declined 127.58 points, or 0.91%, to trade at 13,815.68.Hong Kong`s index Hang Seng fell 62.92 points, or 0.25%, to trade at 25,386.87.China`s Shanghai Composite gained 20.65 points, or 0.56%, to trade at 3,677.49.Taiwan`s Taiex index lost 28.70 points, or 0.32%, to t...
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| Weak global markets, record oil prices pull domestic bourses lower |
| 2008-05-08 07:18:00 |
The market succumbed to selling pressure today as weak global equities and soaring crude Prices">oil prices worried investors. All the sectoral indices on BSE, barring the BSE Metal index, were in the red. Software and banking shares were worst hit in today`s fall.European markets, which opened after Indian markets, were trading lower. Key indices in UK, France and Germany were down by 0.36% to 0.52%.Asian markets, which opened before Indian market, were trading mostly in red today, 8 May 2008. Key indices in Hong Kong, Japan, Singapore, South Korea and Taiwan were down by 0.32% to 1.13%. However, China`s Shanghai Composite was up 2.17%.US markets suffered sharp losses on Wednesday, 7 May 200...
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| Market loses further ground; Bharti Airtel recovers |
| 2008-05-08 02:40:00 |
Weakness prevailed in the early afternoon trade. All the sectoral indices on BSE were in the red, with IT and banking indices sliding sharply. The market breadth was poor.Asian markets were trading mostly in red today, 8 May 2008. Key indices in Hong Kong, Japan, Singapore, South Korea and Taiwan were down by 0.32% to 1.71%. However, China`s Shanghai Composite was up 0.58%.US markets suffered sharp losses on Wednesday, 7 May 2008, on worries about inflation and higher interest rates as oil jumped to a record. Financials stocks took a beating on concerns that new disclosure requirements for investment banks will limit their profits. The Dow Jones industrial average slumped 206.48 points, or 1.59%, to 12,814.35. The Nasdaq Composite index fell 44.82 points, ...
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| US Market back in the red |
| 2008-05-08 00:21:00 |
US Market was back in the red today, Wednesday, 07 May, 2008. Crude prices soaring above $123/barrel once again sent a vibe of negative feeling across the market. Each of the ten major economic sectors finished lower. Financials led the group of negatives.The Dow was down by almost 70 points earlier in the day. But in the last hour of trading, indices took a massive plunge. At the end, going into close, The Dow Jones industrial Average ended the day with a loss of 206 points at 12,814. The Nasdaq Composite Index, finished lower by 44.8 points at 2,438.4. S&P 500 finished lower by 25.6 points at 1,392.7.Twenty-four out of thirty Dow components ended in the red today. The financial stocks took the largest dips – AIG, American Express and Citigroup. Walt Di...
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| Market slides in opening trade; breadth weak |
| 2008-05-08 00:20:00 |
The market opened lower, hit by negative global cues. Spiraling crude oil prices continued to weigh on investor sentiment. All the sectoral indices on BSE were in the negative territory. IT and realty stocks suffered the most.Oil prices for June 2008 delivery fell 6 cents to $123.47 a barrel in electronic trading on the New York Mercantile Exchange today, 8 May 2008, in Asia after jumping to a record of $123.93 a barrel yesterday, 7 May 2008.Asian markets were trading mostly in red today, 8 May 2008. Key indices in Hong Kong, Japan, Singapore, South Korea and Taiwan were down by 0.50% to 2.26%. However, China`s Shanghai Composite was up 0.95%.US markets suffered sharp losses on Wednesday, 7 May 2008, on worries about inflation and higher interest rates as ...
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| Indian ADRs end weak |
| 2008-05-07 22:37:00 |
US stocks tumbled on Wednesday (May 7) amid rising energy and food costs. The Dow Jones industrial average fell 206.48 points, or 1.59%, to 12,814.35. The NASDAQ composite index fell 44.82 points, or 1.80%, to 2,438.49. The yield on the benchmark 10-year Treasury note, which moves opposite to its price, fell to 3.85% from 3.92% late Tuesday. Indian ADRs ended on a negative note on Wednesday.Losers: Company USD % Decline Sterlite 20.54 4.29 ICICI Bank 44.24 2.43 Wipro 12.87 5.85 Infosys 43.24 5.59 HDFC Bank 109.51 5.81 Satyam 25.54 6.31 Tata Motors 16.37 3.02 MTNL 5.12 5.71 Tata Communications 23.84 4.22 Dr Reddy`s 15.42 2.47 Patni Computers 12.94 0.61 ...
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| Oil soars to record high at USD 123.53 a barrel |
| 2008-05-07 22:34:00 |
Oil prices soared to a new record on Wednesday (May 7) on worries over supply disruptions.Light sweet crude for June delivery rose USD 1.69 to settle at a record USD 123.53 a barrel on the New York Mercantile Exchange (NYMEX).June gasoline futures rose 1.27 cents to settle at USD 3.1182 a gallon. The retail gas prices rose 0.8 cent overnight to USD 3.618 a gallon.June heating oil futures rose 9.38 cents to settle at USD 3.4473 a gallon at the NYMEX.In London, June Brent crude futures rose USD 2.01 to settle at USD 122.32 a barrel on the ICE Futures exchange.June natural gas futures rose 17.7 cents to settle at USD 11.327 per 1,000 cubic feet....
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| Asian markets fall in early trading |
| 2008-05-07 22:33:00 |
Asian markets declined in the initial session of trade on Thursday (May 08), led by financial companies, on concern that new disclosure requirements for U.S. investment banks will expose more credit-related losses. U.S. regulators announced that the investment banks will be required to disclose capital and liquidity levels.Japan`s third-largest publicly traded bank, Mizuho Financial Group, and South Korea`s largest bank, Kookmin Bank, declined the most.Japan`s index Nikkei 225 declined 123.54 points, or 0.88%, to trade at 13,978.94.Hong Kong`s index Hang Seng fell 30.60 points, or 0.12%, to trade at 25,579.61.China`s Shanghai Composite lost 5.18 points, or 0.14%, to trade at 3,573.97.Taiwan`s Taiex index lost 47.09 points, or 0.53%, to trade at 8,879.25.S...
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| IT stocks advance as rupee slips to 8 month low |
| 2008-05-07 05:33:00 |
Meanwhile the BSE Sensex was down 87.49 points or 0.50% to 17,285.52India`s second largest software exporter by sales TCS was the top gainer from Sensex pack. The stock surged 3.22% to Rs 968.05 on 4.46 lakh shares.Other Infosys Technologies (up 1.36% to Rs 1846), Wipro (up 0.30% to Rs 499.80), and Satyam Computers (up 0.20% to Rs 496.20), advanced.The BSE IT sector outperformed the market over the past one month till 6 May 2008, gaining 18.87% compared to the Sensex`s return of 10.26%. It also outperformed the market in the past one quarter, advancing 14.93% compared to Sensex`s decline of 4.23%.A firm dollar augurs well for IT pivotals as they derive majority of revenue from exports. The Indian rupee fell further sharply by 19 paise to Rs 41.13/14 against the American dollar as oil compa...
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| Union Bank of India gains post robust earnings |
| 2008-05-07 05:33:00 |
The bank announced the results during trading hours today, 7 May 2008.Meanwhile, the BSE Sensex was down 16.02 points, or 0.09%, to 17,356.99.On BSE, 6.10 lakh shares were traded in the counter. The scrip had an average daily volume of 2.03 lakh shares in the past one quarter.The stock hit a high of Rs 177.90 and a low of Rs 172.25 so far during the day. The stock had a 52-week high of Rs 234.80 on 7 January 2008 and a 52-week low of Rs 105.60 on 8 May 2007.The mid-cap scrip had outperformed the market over the past one month till 6 May 2008, gaining 15.92% compared to the Sensex`s return of 10.26%. It had underperformed the market in the past one quarter, declining 13.77% compared to Sensex`s decline of 4.23%.The bank`s current equity is Rs 505.12 crore. Fa...
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| Punjab Tractors marches ahead on robust Q4 earnings |
| 2008-05-07 05:32:00 |
The company announced the results during trading hours today, 7 May 2008.Meanwhile, the BSE Sensex was down 31.86 points, or 0.18%, to 17,341.15.On BSE, 31,328 lakh shares were traded in the counter. The scrip had an average daily volume of 12,764 shares in the past one quarter.The stock hit a high of Rs 271 and a low of Rs 255 so far during the day. The stock had a 52-week high of Rs 382.70 on 4 January 2008 and a 52-week low of Rs 183.15 on 8 November 2007.The mid-cap scrip had outperformed the market over the past one month till 6 May 2008, gaining 16.78% compared to the Sensex`s return of 10.26%. It had underperformed the market in the past one quarter, declining 4.39% compared to Sensex`s decline of 4.23%.The company`s current equity is Rs 60.76 crore. Face value per share is Rs 10.Th...
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| Cairn India strikes all time high |
| 2008-05-07 05:32:00 |
Meanwhile, the BSE Sensex was down 29.80 points, or 0.17%, to 17,344.43On BSE, 68.73 lakh shares were traded in the counter. The scrip had an average daily volume of 13.74 lakh shares in the past one quarter.The stock hit a high of Rs 283.50, which is also its all time high on BSE. The stock touched a low of Rs 261 so far during the day. The stock had hit a 52-week low of Rs 128 on 9 May 2007.The large-cap scrip had outperformed the market over the past one month till 6 May 2008, gaining 14.65% compared to the Sensex`s return of 10.26%. It also outperformed the market in the past one quarter, advancing 23.79% compared to Sensex`s decline of 4.23%.The company`s current equity is Rs 1892.19 crore. Face value per share is Rs 10.On 6 May 2008, Cairn India rose ...
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| Crude oil Crossing $120 hollow Asian market`s advance |
| 2008-05-07 05:29:00 |
Asian stocks traded broadly lower, after crude oil prices hit a record in New York. In the energy markets, June crude-oil futures slipped as much as 11 cents to $121.73 a barrel in electronic trading at midday Tokyo hours. The energy contract climbed $1.87 to finish at a record high of $121.84 a barrel Tuesday in regular trading on the New York Mercantile Exchange, advancing for a third straight session.The Japanese stocks climbed initially in their first day of trading after a four-day holiday, as banking shares helped to support the market. The Nikkei 225 Average was up 0.4% at 14,102.48. Today`s session is the first since the benchmark advanced 2.1% Friday. The Topix index advanced 1.15% to 1,393.28. Hong Kong`s Hang Seng Index ended the day 2.5% lower ...
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| Market ends on a weak note |
| 2008-05-07 05:28:00 |
The key indices ended in the negative territory. Weakness in Asian markets and a surge in crude oil prices spoiled the investor sentiments today. IT and oil & gas stocks were the front-runners. Capital goods stocks and shares of PSU firms suffered the most.European markets, which open after Indian markets, were trading higher. In Europe, key indices in UK, France and Germany were up 0.64% to 0.88%.Asian markets were trading lower today, 7 May 2008. Key indices in China, Hong Kong, Japan, Singapore and South Korea were down by 0.27% to 4.13%. However, Taiwan`s Taiwan Weighted Index was up 0.78%.US crude was steady at $121.79 a barrel, just off a record high at $122.73 in New York with prices doubling in the past year. Foreign brokerage house Goldman Sachs, ...
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| Aishwarya Telecom to list on bourses on May 7 |
| 2008-05-06 22:00:00 |
Aishwarya Telecom (ATL), engaged in the trading and manufacturing of test and measuring equipments for telecom industry will be listed on bourses on Wednesday, May 07, 2008 after receiving excellent response to its initial public offering (IPO) from investors. The IPO was subscribed 20 times.ATL tapped the capital market with a public issue of 4 million equity shares of Rs 10 each. SREI Capital Markets helped the company to raise funds through the public issue.ATL`s main customers are telephone service providers, railways and defence establishments. The company has a small R&D facility at Hyderabad, manufacturing units at Dehradun and Yanam and three marketing offices at Delhi, Mumbai and Hyderabad. ...
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| Indian Rupee tumbles against dollar |
| 2008-05-06 21:57:00 |
Beating expectations, the Indian rupee on Tuesday tumbled by 34 paise to eight-month low at 40.94/95 against the greenback today as global crude prices hit a new record high, sending oil companies to rush for US currency amidst its short supply.In brisk trade at the Interbank Foreign Exchange market, the local currency resumed weak at 40.67/68 a dollar from its last close of 40.60/61 a dollar and gradually moved downwards to near 41-level during the day.The rupee had seen this level last on September 4, 2007 when it closed at 40.9750/9850.The rupee premiums on forward dollar ended further lower on sustained receivings by exporters.The benchmark six-month forward dollar premiums payable in October ended at 31-1/2 - 33-1/2 p...
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| US Market ends modestly lower |
| 2008-05-06 21:56:00 |
US Market ended today, Monday, 05 May, 2008 with modest losses. Crude prices closing a little shy of $120/barrel and Microsoft`s drop of bid for Yahoo were perhaps the main reasons for the negative momentum in the market. Eight of the ten economic sectors retreated with energy and material sector being the sole winners.The Dow Jones industrial Average ended the day with a loss of 88.6 points at 12,969.4. The Nasdaq Composite Index, finished lower by 12.8 points at 2,464. S&P 500 finished lower by 6.4 points at 1,407.4.Twenty-six out of thirty Dow components ended in the red today. General Motors, AIG and Bank of America were the main Dow winners. Alcoa was one of the four Dow winners.Microsoft decided last Friday to not pursue the takeover of Yahoo after i...
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| Market ends lower on profit booking |
| 2008-05-06 21:55:00 |
The key benchmark indices ended lower as investors resorted to profit booking due to lack of positive triggers in the market. Selling pressure was seen in mid-caps and small-caps counters with their barometers underperforming the Sensex.Realty and power stocks were the worst hit, whereas FMCG and metal stocks were on the positive side. IT pivotals recovered at the fag end of the session after rupee slipped to eight-month low against the dollar.European markets, which were mostly positive in early trade, slipped later led by Swiss bank UBS after it unveiled big job cuts. Key indices in Germany, France and UK were down 0.16% to 0.42%. UBS said it will slash 5,500 jobs or almost 7% of its workforce, and has a preliminary deal...
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| Market loses ground in late trade |
| 2008-05-05 11:29:00 |
After trading within a narrow range in afternoon, the market declined in late trading as US stock futures indicated lower opening on the Wall Street on Monday, 5 May 2008. Dow futures were down 105 points and S&P 500 futures were down 6.80 points. Realty stocks were the star performers of the session. Consumer durables and IT stocks were worst hit. Small-cap and mid-cap counters were active throughout the session with their barometer indices outperforming the Sensex.European markets, which opened after Indian market, were mixed. France`s CAC 40 was down 0.29% whereas Germany`s DAX was up 0.02%. The stock market in UK was closed for a holiday. Asian markets, which opened before Indian market, were mostly in green. Key indices in China, and Singapore wer...
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| Is Oil Becoming the “Mother of All Bubbles?” |
| 2008-05-02 21:52:00 |
Most of the world's major oil deposits have already been discovered. The low-hanging fruit has been picked. The remaining oil supplies are tough to get at – and expensive to recover. Meanwhile, the world's demand for oil keeps rising as more people around the globe – especially in emerging giants like India and China – set up factories, buy cars, take flights, heat their homes, and pound the table for "more juice." Then there are political question marks. Iraq is a mess. Russia is inclined to use its resource exports as a carrot or a stick, depending on the mood. And Nigeria is a special basket case. Last week, for instance, an escalation in attacks by militants in the Niger Delta sent oil to a record close. Exxo...
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| Bharti Airtel & IFFCO announces the launch of IFFCO Kisan Sanchar |
| 2008-05-02 05:44:00 |
Bharti Airtel and Indian Farmers Fertiliser Cooperative (IFFCO) today announced the launch of a joint venture company IFFCO Kisan Sanchar (IKSL), that is set to provide a major boost to Indian agriculture and the rural economy at large. The joint venture company will harness the power pf telecom to add value to the farm sector and empower the rural farmer by giving him access to vital information, which will enchance his livelihood and quality of life.The company made this announcement during the trading hours today, 02 May 2008....
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| Spice Mobiles to increase authorised capital |
| 2008-05-02 05:44:00 |
The board of Spice Mobiles has recommended to increase the authorised share capital of the company from Rs 30 crore to Rs 51 crore.The board has approved the rights issue of 37319000 equity shares of face value of Rs 3 each in the ratio of 1:2.The board has approved preferential issue of 37319000 equity shares to any select group of persons including strategic investors on private placement basis.This was approved at the board meeting held on 30 April 2008....
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| Diamond Power commences its trial production of high voltage power cables manufacturing |
| 2008-05-02 05:43:00 |
Diamond Power Infrastructure is pleased to announced the commencement of trial production at its state of art high voltage power cables manufacturing facility set up at village Vadadala Ta Savli District Vadodara.The companies manufacturing facility which comprises of CCV process line, extrusion equipments, wiredrawing to conductors making facility is capable of making 2800 km of high tension power cables of voltage from 11KV to 132KV, the project has been set with an cost of rest 30 crore funded from internal accruals.The company has also added balancing equipment for laying and extrusion at its LT cables facility which has commenced production...
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| Government clears 13 PPP projects |
| 2008-05-02 05:41:00 |
The Union government has approved 13 public private partnership (PPP) projects worth Rs 7,496 crore, it said in a release. Of the 13 projects, 10 relate to National Highways, 2 relate to non-metro airports while one is in the tourism sector. These projects are located in ten states including two projects from Assam....
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| Inflation at highest level in more than three years |
| 2008-05-02 05:33:00 |
The wholesale price index rose 7.57% in 12 months to 19 April 2008, accelerating from the previous week`s annual rise of 7.33%, government data released today, showed. The rate was the highest since a reading of 7.68% on 13 November 2004. During the reporting week, prices of tea shot up by 17 per cent, even as other food items like milk, rice, vegetables and mutton became dearer.Among other commodities, the prices of light diesel oil and furnace oil went up by 2 per cent and by 1 per cent respectively.In the manufactured products category cast iron pipes jumped by 51 per cent, pig iron by 8 per cent and steel sheets by 2 per cent.The annual rate of inflation, based on Wholesale Price Index (WPI), has been rising despite fiscal and monetary measures take...
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| Holiday List for the Calendar Year 2008 |
| 2008-04-30 19:20:00 |
Sub : Holiday List for the Calendar Year 2008 In pursuance of Clause 14 of Chapter VI of the Bye-Laws of the National Securities Clearing Corporation Limited and Regulation 6.2 of the Capital Market Segment of the National Securities Clearing Corporation Limited, the list of Clearing & Settlement holidays for the calendar year 2008 are notified below: Sr. No. Date Day Clearing HolidayDescription 1 6-Mar-08 Thursday Mahashivratri 2 20-Mar-08 Thursday Id-E-Milad 3 21-Mar-08 Friday Good Friday 4 31-Mar-08 Monday Bank Closing 5 14-Apr-08 Monday Dr. Babasaheb Ambedkar Jayanti 6 18-Apr-08 Friday Mahavir Jayanti ...
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| Secrets to Understanding the Financial Picture of any Company |
| 2008-04-30 18:27:00 |
Each April, flimsy paperback "books" wrapped in plastic flood investor mailboxes. Hidden within these darkly covered annual reports is where the rubber meets the road in terms of profitable investing. Earnings season offers us a deep look into the views of management. We have thousands of Form 10-Ks, which all publicly traded companies file with the SEC, at our disposal. By reading these annual reports, you can uncover awesome opportunities. Equally as important, they can give you clear indicators of when to sell a stock. A lot of people glaze over when these large packages arrive. But it's actually an excellent use of time to review these documents carefully. Investors that closely monitor these reports can end up having a substantial advan...
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| Strong Q4 results do not benefit Grasim Industries |
| 2008-04-29 08:52:00 |
Meanwhile, the BSE Sensex was up 387.76 points, or 2.38%, at 17406.56.On BSE, 33,773 shares were traded in the counter. The scrip had an average daily volume of 20,862 shares in the past one quarter.The stock hit a high of Rs 2734 and a low of Rs 2590.05 so far during the day. The stock had a 52-week high of Rs 4074 on 29 October 2007 and a 52-week low of Rs 2335 on 11 June 2007.The scrip had underperformed the market over the past one month till 28 April 2008, falling 2.61% compared to the Sensex`s 3.94% gain. It had also underperformed the market in the past one quarter, falling 12.27% compared to Sensex`s 5.95% fall.The large-cap diversified firm has an equity capital of Rs 91.67 crore. Face value per share is Rs 10.The current price of Rs 2605 discounts its Q3 December 2007 annualised ...
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| Reliance Capital capitalises on good FY 2008 numbers |
| 2008-04-29 08:51:00 |
The company announced the results during market hours today, 29 April 2008.Meanwhile, BSE Sensex was up 350.58 points or 2.06% to 17,366.54On BSE, 20.35 lakh shares were traded in the counter. The scrip had an average daily volume of 14.33 lakh shares in the past one quarter.The stock hit a high of Rs 1520 and a low of Rs 1452 so far during the day. The stock had a 52-week high of Rs 2,925 on 15 January 2008 and a 52-week low of Rs 696.25 on 30 April 2007.India`s fourth largest finance & investment company in terms of total operating income had outperformed the market over the past one month till 28 April 2008, rising 4.15% compared to the Sensex`s return of 3.94%. However it underperformed the market in the past one quarter, declining 29.80% compared to Sensex`s decline of 5.95%.The compa...
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| Market gives thumbs up to RBI`s decision to hold interest rates steady |
| 2008-04-29 08:50:00 |
The market which had declined yesterday ahead of the Reserve Bank of India`s annual monetary policy review, bounced back today after the central bank kept Rates">interest rates unchanged. Rate sensitive banking, auto and realty stocks surged. IT stocks surged after the Finance Minister extended tax exemption for the IT sector by a year. Metal stocks rose. The market breadth was strong.The central bank raised the cash reserve ratio (CRR) by 25 basis points and the stance of its monetary policy was hawkish. The market had witnessed a bout of volatility earlier in the day ahead of monetary policy announcement.Asian markets which opened before Indian market were mixed. European markets which o...
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| Nirma reports net profit of Rs 37.87 crore in the March 2008 quarter |
| 2008-04-29 01:27:00 |
Nirma reported net profit of Rs 37.87 crore in the quarter ended March 2008 as against net loss of Rs 93.45 crore during the previous quarter ended March 2007. Sales declined 1.10% to Rs 629.48 crore in the quarter ended March 2008 as against Rs 636.49 crore during the previous quarter ended March 2007.For the full year, net profit rose 106.56% to Rs 223.93 crore in the yearended March 2008 as against Rs 108.41 crore during the previous year ended March 2007. Sales rose 3.05% to Rs 2312.69 crore in the year ended March 2008 as against Rs 2244.28 crore during the previous year ended March 2007....
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| Cairn India reports net loss of Rs 8.74 crore in the March 2008 quarter |
| 2008-04-29 01:22:00 |
Cairn India reported net loss of Rs 8.74 crore in the quarter ended March 2008 as against net loss of Rs 8.54 crore during the previous quarter ended March 2007. Sales rose 78.00% to Rs 0.89 crore in the quarter ended March 2008 as against Rs 0.50 crore during the previous quarter ended March 2007....
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| Market turns volatile |
| 2008-04-29 01:21:00 |
The market witnessed a bout of volatility ahead of Reserve Bank of India`s monetary policy review scheduled at 12:00 IST. Rate sensitive banking and auto stocks edged higher while realty stocks were mixed. Metal stocks rose. The market breadth was positive. Asian markets which opened before Indian market were mixed.At 11:28 IST, the 30-share BSE Sensex was up 63.05 points or 0.37% at 17,078.94. Sensex hit a high of 17,114.56 in early trade. At the day`s high, Sensex rose 98.6 points. Sensex lost 4.36 points at the day`s low of 17011.60 hit in mid-morning trade.The broader based S&P CNX Nifty was up 11.3 points or 0.22% at 5,100.95.The market breadth was positive on BSE with 1180 shares advancing as compared to 1098 that declined. 62 remained unchanged.The ...
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| Telecom stocks may see action |
| 2008-04-28 23:55:00 |
Reliance Communications said on Monday, 28 April 2008 it would offer unlimited national long distance calls within its network for a fixed rental with immediate effect. Earlier yesterday, sector leader Bharti Airtel slashed long distance and roaming tariffs by 43% effective 30 April 2008.Dwarikesh Sugar, Kernex Microsystems and Logix Microsystems will be placed in the Trade-to-Trade segment from 5 May 2008.Indian Oil Corporation is planning to raise Rs 80,000 crore to reportedly fund a major acquisition in the exploration and production (E&P) sector.Reliance Energy has changed its name to Reliance Infrastructure effective 28 April 2008.Sesa Goa said on Monday, 28 April 2008 it would split its shares, giving shareholders 10 shares for each existing share, and after the split would make a on...
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| Bio Green Industries to issue equity shares |
| 2008-04-28 23:54:00 |
The board of Bio Green Industries has approved the issuance of equity shares on preferential basis and decided to call for an EGM on 27 May 2008.Further, the board approved the appointment of V Jagdish as additional director on the board. Hitherto V Jagdish is with the company as the chief executive officer.This was approved at the board meeting held on 28 April 2008....
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