The derivative contracts in the underlying JPHYDRO & SRF have crossed 95% of the market-wide position limit on 05-Nov-2007. It is hereby informed that all clients/ members shall trade in derivative contracts of JPHYDRO & SRF by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.
Add commentNovember 5th, 2007
The weakness in the Asian markets is showing little impact on the Indian stock markets. Hang Seng is down 915 points or 3%. Most other Asian markets are down by 0.5% to 2%. However, the Indian markets made a good opening. Sensex is down 129 points and Nifty 50 down by 18 points. Though the Indian markets are trading in the red in the early morning trades, the extent of this downwardness is far better than other Asian stock markets. The Midcap stocks look strong indicating that the strength in the Indian markets is still intact.
Punjab National Bank, VSNL ahead of the news that it is selling a bit of its real estate holdings, Hindustan Petroleum, Bharti Airtel, Reliance Petroleum Limited, Unitech, NTPC, BPCL, GAIL and Cipla are in the top Nifty gainers list.
Downward lookers include ONGC, ICICI Bank, Sterlite Industries, Tata Motors, HDFC Bank, Glaxo, ITC, Sun Pharma, HDFC and M&M
Add commentNovember 5th, 2007
The news about the Cash Reserve Ratio (CRR) and the Bank rates set by the Reserve Bank of India (RBI) and the reduction of the Fed Funds rate by 25 basis points by the US Federal Reserve have shown its effects on the Indian stocks markets that are volatile during the week. Sensex and Nifty closed up by 3.8% and 4% respectively.
Going forwards, experts feel that volatility will continue for the week ahead too. With investors looking back at the fundamentals of the companies, select stocks will continue to get the attention from the markets. This is also evident from the recent trend in which any negative news (such as the regulation of P-notes and the news from the RBI and Fed Reserver) over the past 15 days have been absorbed with extreme ease by the markets.
Add commentNovember 5th, 2007
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