Archive for January 10th, 2008
Markets had a bitter day post miday and ended in deep red by closing time. BSE Smallcap index is down nearly 600 points while a similar picture is with the midcap stocks too. Oil, Gas and Power stocks seems to be the big ones to be hit today.
Indian Government Bonds have hit a 1 year high making the rates to touch a new low.
The telecom spectrum story got a bit of activity today. Tata Tele seems to be a winner of an LoI. Few new players including Parsvnath seemed to be disappointed a bit. HFCL seems to be denied a ticket this time.
Infosys Q3 numbers are expected tomorrow. Though market analysts say the numbers will be on the upper side (about 10% upwards in dollar terms), will they be as per the street expectations is what is to be checked out. Sure the numbers will bring in an impact on the way people see the Indian technology space and the large cap technology stocks in particular. The Results and Earnings season is official going to start with the Infosys announcement. Though the markets aren’t expecting a big positive news, the number of negative surprises are expected to be limited considering that the Indian Investors are still bullish on the market in general though valuations are getting a big high on many counters.
Analysts feel that midcap IT stocks look attractive over large caps and even in the large cap IT space,
Tata Motors announced the people’s car today. Though many versions will be available, the basic version will come with a dealer price of Rs. 1 Lakh. The end user cost would be about Rs. 1.2 to 1.5 Lakhs on road off Kolkata factory. The company seems to have put in about Rs. 1500 to Rs. 1700 crores so far on the small car project. Tata Motors, along with few of its peers such as Hindustan Motors closed in the red today.
January 10th, 2008
The Exchange has successfully completed its 1978th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2008006 on January 10, 2008. The settlement statistics is as follows:
Particulars
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Values
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|
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N – 2008006
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Total traded quantity (lakhs)
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9184.08
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Total traded value (Rs. In Crores)
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26109.58
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Total value of the settlement (Securities) (Rs. In Crores)
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6989.29
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Total value of the settlement (Funds) (Rs. In Crores)
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2034.81
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Shortages for the settlement
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0.30%
|
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% of Delivery ( No. of shares deliverable / No. of shares traded )
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23.19%
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Retail Debt Market have completed its 1252nd settlements details of which is as follows:
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Settlement No.
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Traded Value
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Settlement Value
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|
|
|
Securities
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Funds
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|
D- 2008006
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NIL
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NIL
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NIL
|
January 10th, 2008
The media had reports that Batliboi Limited may acquire a textile equipment manufacturer in Europe for close to Rs. 90 crore.
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.
Batliboi Limited has vide its letter inter-alia stated,”We wish to clarify that this report is speculative and not factually correct. It is the Company’s strategy to grow both through organic and inorganic routes, and the Company is continuously evaluating opportunities for such growth. However at this stage the Company has no specific plan for acquisition.”
January 10th, 2008
Given below are names of corporates, whose securities are suspended / withdrawn from trading on NSE, with highest number of complaints pending against them for a period of more than 2 months as on December 31, 2007.
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Sr. No.
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Name of the Corporate
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Number of complaints pending
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Out of the companies whose securities are traded on NSE, given below are names of corporates with highest number of complaints pending against them for more than 2 months as on December 31, 2007.
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Sr. No.
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Name of Corporate
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Number of complaints pending
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January 10th, 2008
The derivative contracts in the underlying JPHYDRO & RNRL have crossed 95% of the market-wide position limit on January 10, 2008. It is hereby informed that all clients/ members shall trade in derivative contracts of JPHYDRO & RNRL by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.
January 10th, 2008
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