Archive for May, 2008
Yet another all-positive day on the Indian stock as the markets managed to re-gain the lost ground just few hours before the official closing bell rang. The NSE Nifty closed the day up 0.72%, touching an intraday low of 4833.45 points to finally close at 4870.10.
The CNX IT closed up 2.18% with a remarkable upward move being witnessed today. TCS and Infosys closed up 4%, Polaris and Tech Mahindra are up over 3% while MPhasis is up 1.97%
May 30th, 2008
Thanks to the little drop in the crude prices, Investors and traders took a breather in their trades as the US markets closed the day in green. NASDAQ magaged to trade the entire session in the green though a little down trend is visible during noon. The second half of the session is fully biased towards the bulls. NASDAQ closed the day at 2481.24 up 36.57 points or 1.50%. DJIA closed at 12548.35 points up 68.72 points of 0.55% while closed at S&P 500 points 1385.35 points up by 9.42 points or 0.68%
Top gainers of the day include Jamba, Inc. (JMBAU) which last traded at $ 2.80 up $0.55
U.S. Concrete, Inc. (RMIX) - Last Traded at $ 5.14 up $ 0.80, Fuqi International, Inc. (FUQI) last traded at $ 10.69 up $ 1.61, China Finance Online Co. Limited (JRJC) Last traded at $ 23.90 up $ 3.35 and Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW) which last traded at $2.36 up $ 0.33
1 U.S. dollar = 103.252452 Japanese yen
1 U.S. dollar = 0.634517766 Euros
1 U.S. dollar = 42.6093996 Indian rupees
May 28th, 2008
The Indian stock markets that have started the day rather flat have changed the course towards the red territory post mid-day. The Bank Nifty is down 2.56% today.
Oriental Bank of Commerce (OBC) is down 6.02%. IDBI is down 5.23%, Bank of India down by 5.02%. Bank of Baroda is down 4.87% while SBI is down 4.13%. Mild tremors are also seen on HDFC Bank and ICICI Bank today. Infact SBI, IDBI, PNB and HDFC feature in the Top 10 losers on the Nifty today.
Outside the banking stocks, other major losers include Unitech, Power Grid, Suzlon, Reliance Petrol, Idea and Tata Power.
May 27th, 2008
The Asian markets are trading largely in the green territory. Nikkei 225 is up 1.26% while other markets except for the Shanghai Composite, KLSE Composite and NZSE 50 are trading in the green. Trouble times continue to haunt the Shanghai Composite as the index is down over 3.13% today. Japanese Government Bond 10-yr yield hits 9-mth high before auction. Inflation fears are everywhere and very prominently visible in the Asian markets.
1 U.S. dollar = 103.252452 Japanese yen
1 U.S. dollar = 0.634517766 Euros
1 U.S. dollar = 42.6093996 Indian rupees
May 27th, 2008
DSPML Mutual Fund has announced a dividend of 50% i.e Rs. 5 per unit on a face value of Rs. 10. The record date for the distribution of dividend is fixed at May 23, 2008.
The NAV of the fund (Regular Plan) is Rs. 24.4560 per unit.
The objectives of the scheme are: “An Open Ended growth Scheme, seeking to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates, by market capitalisation, listed in India.”
The fund is more into Banks (10.35%), Software (10.12%), Petroleum Products (9.63%) amongst others. The funds leading equity stock investments include Reliance Industries (7.01%), Housing Development Finance Corporation (5.28%), Larsen & Toubro (4.98%) amongst others.
This is the seventh time that the scheme has announced dividend. The previous three dividends are: 15 Jun 2007 - Rs. 5.00; 10 Apr 2006 - Rs. 7.50; 30 Nov 2004 - Rs. 2.25
May 20th, 2008
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