Hexaware (+7%), GTL (+2%), Mphasis, Patni and CMC (all +1%) are trading good while TCS, HCL Tech (both -1%), Subex, Rolta and IGS are trading weak.
Add commentMarch 30th, 2007
The Indian stock markets are taking the last trading day of the financial year on a positive note. Though the course is not entirely in the positive direction, stocks with high market capitalization are indeed showing signs of recovery.
NIFTY is at 3812.15 as against its previous closure of 3798.10 (+0.37%). Banking stocks are in green. BANK NIFTY is at 5335.30 as against its previous closure of 5273.20 and has gained 1.18%.
Sensex opened at 13,018.21 as against previous closure of 12,979.66 and is up 77.64 or 0.60%. Bank, Metal and PSU are trading positive while other sectoral indices are marginally positive.
Add commentMarch 30th, 2007
NSE Press Release
The Exchange has successfully completed its 1780th Normal Settlements (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2007057 on March 29, 2007. The settlement statistics are as follows:
Particulars |
Values |
|
|
N – 2007057 |
|
Total traded quantity (lakhs) |
3300.26 |
|
Total traded value (Rs. In Crores) |
6656.51 |
|
Total value of the settlement (Securities) (Rs. In Crores) |
2129.55 |
|
Total value of the settlement (Funds) (Rs. In Crores) |
602.95 |
Shortages for the settlement |
0.17% |
|
% of Delivery ( No. of shares deliverable / No. of shares traded ) |
28.01% |
Retail Debt Market has completed its 1054th settlement details of which are as follows:
|
Settlement No. |
Traded Value |
Settlement Value |
|
|
|
|
Securities |
Funds |
|
D- 2007057 |
NIL |
NIL |
NIL |
Add commentMarch 29th, 2007
NSE Press Release
The media had reports that Tata Motors Limited may buy out 79% stake in Spanish bus and coach manufacturer Hispano Carrocera to make it a wholly owned subsidiary.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Tata Motors Limited has vide its letter inter-alia stated,” We have informed the acquisition of a 21% equity stake in Hispano Carrocera, SA, Spain, as also of the call option of Tata Motors to purchase the remaining 75% at a price not exceeding Euro 2 million as per the terms and conditions of the Investment Agreement. The Company has not exercised its call option as of date.”
Add commentMarch 29th, 2007
NSE Press Release
The media had reports that Raymond Ltd. may set up a joint venture (JV) with Treves SA, $1.3 billion French company, to foray into the automobile furnishing sector.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Raymond Ltd. has vide its letter inter-alia stated, “This is to clarify that our Subsidiary Company, Silver Spark Apparel Limited has entered into a Joint Venture Agreement with Treves SA, France for marketing of automobile knitted and woven textiles and related products through a 50:50 Joint Venture Company with an initial paid-up capital of Rs 108 lakhs. Treves SA, France is a leading manufacture and distributor of automobile textiles and interior parts for automobile.”
Add commentMarch 29th, 2007
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