Archive for May 21st, 2007

Indian markets close positive; IT stocks slip

NIFTY ended the day at 4260.90 up 1.10%. NIFTY JUNIOR climbed up the ladder by 1.39%. CNX IT is down by 1.27%. BANK NIFTY is 1.60% while CNX 100 is up 1.14%.

Top gainers on Nifty today include Balaji Tele, Sadbhav, KCP Sugar Industries, Chennai Petro, KCP, Provogue, McDowell, Vinyl Chem, Dolphin Off and Zicom.

Clearly it is a bad day for the IT Stocks. Sugar and oil stocks fared well while Banking scripts had a relatively good day today. Top Nifty losers of the day are ANT Graphics, Dyna Cons, BEPL, Adanient, KNL, Paral, Fortis, Page Industries, Max, Shree Cem amongst others.

Top gainers on Sensex today include Reliance Energy, Tata Steel, Reliance, HDFC Bank, ONGC, ITC, Reliance Communications, SBI, Maruti, Housing Development Finance Co. Other gainers worth mention include Autolite, Balaji Tele, Wheel & Axle amongst others.

Top Sensex losers of the day are Tata Motors, Wipro, Bajaj Auto, Satyam Computers, TCS, ICICI Bank, Dr. Reddy, Infosys, Hero Honda and CIPLA. Shiv Fertilizers, TPL Plast, Dynacons amongst others touched the lower circuit filter.

Add commentMay 21st, 2007

Reliance MF puts exit load structures to four popular funds

Reliance Mutual Fund, one of the top notch mutual fund in India has finally decided to put in exit loads  to four of its popular equity funds. The funds are  Reliance Growth Fund, Reliance Vision Fund, Reliance Equity Fund and Reliance Equity Opportunities Fund.

There will be an exit load of 1% for resumptions made within 6 months and 0.05% if redemptions are made between 6 months to 1 year where investment amount is below than Rs. 5 crores.

Add commentMay 21st, 2007

Nifty opens marginally positive - May 21, 2007 - 11:20 AM

CNX NIFTY is trading at 4254.80 and is up by 0.96%. CNX NIFTY JUNIOR is at 7995.55 and is up by 0.99%. IT Stocks seems to be not so favorite in todays trade. CNX IT is at 5270.65 and is down by 0.66%. BANK NIFTY     is up 2.13% and CNX 100 is up 0.96%

Overall the market sentiment is positive sans that IT stocks.

Add commentMay 21st, 2007



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