Archive for February 11th, 2008
The Indian markets continued the Global queues and had a weak opening. The weakness however intensified very badly that few attempts to recover did not succeed. Nifty finally closed down 5.14% while Sensex closed down by 4.78%
The CNX Nifty closed at 4857.00 down by 5.14%. Nifty Junior id down 5.42%, CNX looked better compared to the rest and closed at 3956.15 down 0.12%. Bank Nifty is down 4.51%. CNX 100 is down 5.18%, CNX 500 is down 5.27%, CNX Midcap is down 5.55% and Nifty Midcap 50 is down 7.45%
The Sensex today is down by 833.98%. The BSE Sensex opened at 17,427.34, touched an intraday hight of 17,427.34 and intraday low of 16,457.74 and finally closing at 16,630.91. The Sensex is down by 4.78 today. The Midcap and Smallcap indices are down 5.42% and 4.84% respectively. Except for the IT, all sectoral indices had a bad closing. The BSE Power Index is down 8.61% followed by Oil & Gas (down 7.07%), PSU and Realty both down by over 6% and Cosumer Goods and Consumer Durables down by over 5%
IT Stocks surely have held their mettle today. While the large cap IT stocks have held to their levels, the midcap IT stocks tumbled a bit. Infosys, TCS and Wipro closed marginally upwards while Satyam closed up 3.58%. Satyam opened the day at 411.00, touched an intraday high of 437.50 and intraday low of 401.00 and closed at 424.20.
Banking stocks on the Bank Nifty tumbled down today. SBI is down 6.44%, ICICI Bank and HDFC Bank are down 3.7% and 2.1% respectively. Kotak Bank is down by 7.11% and Corporation Bank is down by 6.99%
Reliance stocks top the losers list today. Reliance Energy is down 18.72% today. The script opened at Rs. 1890.00 and closed at 1590.60. Tata Power is down 11.45% and Unitech is down 10.47%. VSNL surprising jumped into the green as the script is up 8.71%. Zee Limited is up 2.42%
Amongst Midcap stocks, Lanco Infra is down 17%, RNRL is down 16.46%, Ansal Infra is down 13.45% and Rolta is down 12.33%. Sugar stock Bajaj Hindustan is up 5.62%. Shree Cement closed modestly upwards at 1.43%
February 11th, 2008
BOMBAY STOCK EXCHANGE LTD. resolved 734 investor’s complaints against companies during the month of January, 2008
During the month, BSE Ltd. received 596 complaints against 337 listed companies. In the same period 734 complaints were resolved against 343 listed companies. These resolved complaints include complaints brought forward from the previous periods.
TYPE OF
COMPLAINTS COMPLAINTS RECEIVED
COMPLAINTS RESOLVED
Against Active Companies Against Suspended Companies Total Against Active Companies Against Suspended Companies Total
I 143 0 143 110 0 110
II 67 13 80 78 13 91
III 134 16 150 161 29 190
IV 129 49 178 176 117 293
V 26 19 45 43 7 50
TOTAL 499 97 596 568 166 734
The complaints received by BSE Ltd. from investors have been categorized as under:
Type I : Non-receipt of refund orders/allotment letters/stock invest.
Type II : Non-receipt of dividend/interest
Type III : Non-receipt of share/debenture certificates after transfer/
endorsement/conversion and bonus shares.
Type IV : Non-receipt of Annual Reports, right forms/interest on
delayed receipt of refund order/dividend, etc.
Type V : Non-receipt of credit with Depository Participants.
….2/-
COMPANIES WITH HIGHEST NUMBER OF COMPLAINTS
PENDING AS ON 31st January, 2008
Sr. No. Company Name Category Number of complaints pending
as on
31.01.2008
1 Vatsa Corporations Ltd. Z 1044
2 Pentafour Products Ltd Z 258
3 Pal-Peugeot td. Z 258
4 Mukerian Papers Ltd. Z 164
5 Enkay Texfoods Industries Ltd., Z 147
6 Panchmahal Cement Ltd., Z 146
7 Usha (India) Ltd. Z 137
8 Montari Industries Ltd., Z 124
9 Mesco Pharmaceuticals Z 121
10 Toheal Pharmachem Ltd. Z 98
Trading in the securities of the aforesaid companies had been suspended.
For further clarification/information please contact:
Corporate Affairs Department
25th Floor, P.J.Towers
Mumbai – 400 001
Telephone – 22721234/5 Ext. 8740/8321
Fax No. 22723040
e-mail : corporate.affairs@bseindia.com
February 11th, 2008
The Indian Stock Markets opened weak this morning. Nifty is down 1.48% and is at 5044.4 levels. Nifty Junior is down 1.06% and is at 9637.35. CNX IT and Bank Nifty are marginally down. CNX 100 is down 1.43%, CNX Midcap is down 1.38% while Nifty Midcap 50 is down 1.63%
Sensex is at 17,285.93 down by 178.96 points and is down 1.02%. BSE Midcap and Smallcap indices are down at 1.29 and 1.78 respectively. Almost all Sensex sectoral indices except for the IT are down.
Reliance Power listed at Rs. 525 as against its listing price of Rs. 450. The script however is trading down by 2.5%. Volumes are going very strong as expected. 4.3 Lakh crores are traded in the first few hours of trade.
IT sector is looking reasonably strong today. Infosys and Satyam are up over 2%. TCS is up by 1.68% while Wipro is down 0.73%. HCL Insys, Patni and Finantech are down over 2%
February 11th, 2008
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