Archive for August 17th, 2007

Recovered but good days still seems to be distant

Its Friday again and the Indian Markets took the queues from the global markets and like its peers, the Indian markets too ended in red. The damage though is not as mush as evitable from yesterday.

NSE Nifty closed at 4108.05 points and is up 1.69%. Nifty Junior is down 1.28%. CNX IT is down 2.26% while BANK NIFTY is down 0.95%. CNX 100 closed down 1.63%.

Amongst CNX IT Subex, Tech Mahindra, Wipro, Moser Baer and MPhasis closed in green while Satyam Computers, Patni, I-Flex, Rolta and HCL-Insys closed in red.

On the Bank Nifty, Axis Bank, Bank of India and Canara Bank closed in the green while Orient Bank of Commerce, Kotak Bank, Corporation Bank, Bank of Baroda, HDFC Bank closed in the red.

BSE Sensex closed at 14,141.52 points and is down 216.69. BSE Midcap and BSE Smallcap indices too closed a percent down. Top sectoral indices gainers include Auto,Bankex, Consumer Durables, FMCG, Health care and IT.

Its morning again in the US but surprisingly the markets opened in the green. All the US indices are currently in the green - few even at 2% up levels too. Is this the end of the blood bath that is evitable all during the week? With the Indian fundamentals strong, will we see the green shine days again? This we can only know when the Indian markets open on Monday morning.

Add commentAugust 17th, 2007

NSE completes its 1877th Normal Settlement

The Exchange has successfully completed its 1877th Normal Settlements (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2007154 on August 17, 2007. The settlement statistics is as follows:

Particulars
Values

Total traded quantity (lakhs)

4250.23

Total traded value (Rs. In Crores)

7809.25

Total value of the settlement (Securities) (Rs. In Crores)

1767.46

Total value of the settlement (Funds) (Rs. In Crores)

368.18

Shortages for the settlement

0.19%

% of Delivery ( No. of shares deliverable / No. of shares traded )

22.66%

Retail Debt Market have completed its 1151st settlements details of which is as follows:

Settlement No.

Traded Value

Settlement Value

Add commentAugust 17th, 2007

News about Nagarjuna Fertiliser & Chemicals Limited

The media had reports that Reliance Industries Ltd may acquire Nagarjuna Fertiliser & Chemicals Ltd.

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.

Nagarjuna Fertiliser & Chemicals Ltd. has vide its letter inter-alia stated,” There is no truth in the news item and the Promoters of the Company have no intention of dis-investing their shareholding in the Company and accordingly the question of ‘buyout’ does not arise.”

Add commentAugust 17th, 2007

Market-wide Position Limit in NAGARFERT

The derivative contracts in the underlying NAGARFERT have crossed 95% of the market-wide position limit on August 17, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of NAGARFERT by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Add commentAugust 17th, 2007

Security listed and admitted to dealings – ORIENTPPR

Equity shares of Rs. 10/- each (Rs. 5/- paid-up) of the following company shall be listed and admitted to dealings on the Exchange w.e.f. August 21, 2007. Trading shall be in the Normal Market Segment – Compulsory Demat (Rolling Settlement) for all investors.

Sr. No.

Symbol

Security Name

Series

ISIN Code

Add commentAugust 17th, 2007

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