Archive for August 12th, 2008
Here is a list of mutual funds that have filed Draft Offer Documents before SEBI and put for public view and commenting on its website:
HDFC Monthly Interval Fund
IDFC FMP Quarterly Series 43 to 48
IDFC Quarterly Interval Fund with 3 Plans D, E, F
August 12th, 2008
The Indian stock markets managed to close the day without much of a downturn. The 1.4% down today on the NSE is reasonable considering the below expectation industrial numbers.
Nifty last traded at 4555.50 down 1.40%. Nifty Junior closed at 7518.2 down 1.79%. CNX IT is down 2.55% while Bank Nifty is down 3.40%
Top gainers of the day include BPCL, M&M, Siemens, Cairn, ITC, Reliance (all up over 1%), ABB, HUL, Grasim and GAIL (all marginally in the green).
Top losers on the Nifty include Tata Steel, Maruti (both down over 5%), Stelite Industries, HDFC, ICICI Bank (all down over 4%), Tata Power, Infosys Technologies, HDFC Bank, Punjab National Bank and Cipla (all down over 3%)
The Senex managed to close the day at above 15200 mark. The last traded value is 15212.13 down 291.79 points or 1.88%. Sectoral index losers of the day include Metal, Bankex, IT and Realty amongst others.
1 U.S. dollar = 42.1656266 Indian rupees
August 12th, 2008
The Indian stock markets recovered from the early day losses but the rebound isn’t impressive enough. Nifty is trading at 4557 down by 1.36%. Bank Nifty is down 3.44% while CNX IT is down 2%.
BSE Sensex is down 258 points or 1.67% and is trading at 15245. BSE Midcap Index is down 0.62% while BSE Smallcap Index is down 0.44%
News is that Dr Reddy’s Laboratories and Teva have settled their patent dispute over carvedilol. With this DRL will be free to sell the carvedilol in the US Markets. The script is trading at Rs. 600.00 on the BSE and is down 1.5%
1 U.S. dollar = 42.1656266 Indian rupees
August 12th, 2008
Makets slipped a bit more in the last hour of trade with the Nifty now at the sub-4550 levels. NSE Nifty is at 4546.85 at 13:03 hrs. Bank and IT stocks are sliding downwards the most. Meanwhile the BSE Sensex is down over 300 points and is now at 15193 points. Bank and Metal sectoral indices are down by over 3% each.
Top Nifty losers include Maruti, Tata Steel (both down by 6% each), ICICI Bank, Tata Power, Infosys (all down over 4% each), HDFC, Sterlite Industries, Punjab National Bank, Cipla and State Bank of India (all down over 3% each)
The June Index for Industrial Production numbers are out and have been disappointing the markets. The industrial grown in June is 5.4% versus 8.9% (YoY).
1 U.S. dollar = 42.0698359 Indian rupees
August 12th, 2008
The Indian stock markets opened a bit week today with selling seen in some counters. Nifty is back to sub-4600 levels and is currently at 4587 down 0.70% while Sensex lost 166-odd points and is currently at 15337 levels.
Amongst the BSE Sectoral indices, the Bankex lost 2.15% followed by over 1% down in sectors like IT, Consumer Durables, Auto, Metal and Realty.
Leading gainers in the Nifty so far include BPCL, Siemens, ITC, HUL, Zee Limited (all up over 1%), Satyam, NTPC, GAIL, CAIRN and Reliance (all marginally in the green). Top losers on the Nifty include Maruti, Punjab National Bank, HDFC, Infosys, Sterlite, ICICI Bank, Tata Power, Tata Motors, Cipla and SBI.
Maruti is once again in sub-700 levels. The script is at Rs. 683.45 with a trade quantity of 562951 shares so far.
August 12th, 2008