Archive for August 13th, 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:
DWS Quarterly Interval Fund Series 2
DWS Quarterly Interval Fund Series 3
Edelweiss Absolute Return Equity Fund
Tata Fixed Investment Plan 4
August 13th, 2008
Wednesday, August 13, 2008 4:54:05 PM
Sans the Jakarta Composite, almost all major stock exchanges in Asia Pacific closed the day in red. Nikkei sliped by 2.11% to close at 13023.05. Recession fears and a shrinking Japanese economy are the reasons to blame. The other top losers in the region include All Ordinaries and the Hang Seng that slipped by over a percent in todays trade.
Drop in oil demands globally has given a sort of pause of the Oil prices. The US Oil usage according to its official numbers shows it all. The trend is clearly towards less of oil-inflation worries but more serious towards global economy slowdown.
1 U.S. dollar = 109.349371 Japanese yen
1 U.S. dollar = 0.670960816 Euros
1 U.S. dollar = 42.3298341 Indian rupees
August 13th, 2008
3:38 PM IST
The stock markets closed the day in the red. The day started with a downward gap but the bulls tried to come into the picture. However, the situation changed post noon when the markets once again slipped into the red. Few attempted to come back to the green didnot hold and the markets finally closed marginally in the red. Midcap stocks showed weakness but Smallcall stocks cheered. IT and Health care stocks gave a good comeback as the closing bell neared.
NSE Nifty closed the day at 4536.60 down by 0.34%. CNX IT is up 1.06% while Bank Nifty is down 1.62%. The BSE Sensex closed at 15,098.28 points down 113.85 points or 0.75%
BSE Sectoral Indices largely closd in the red. Leading the charts is the Bankex that closed down by 2.15%. It is closely followed by Realty down by 1.3%. Other top losing sectors include Capital Goods, Consumer Durables, PSU, Power, Auto, Metal and Oil & Gas.
Top Nifty losers of the day include ICICI Bank, HDFC Bank, DLF, Reliance Infra (all down over 3% each), HDFC, L&T, Siemens (each down by over 2%), Hindalco, Tata Power and Reliance Communication (all down over 1%)
Top Nifty Gainers of the day include Cipla, Sterlite (both up 3%), ABB, Cairn, TCS, National Aluminium, Infosys, Grasim, Power Grid and Zee (all up over 1%)
Meanwhile the Prime Minister’s Economic Advisory Council (EAC) lowered the GDP growth projection to 7.7 percent during 2008-09 as against an earlier estimate of 8.5 percent.
1 U.S. dollar = 42.3298341 Indian rupees
August 13th, 2008
Selling pressure seems to be triggering the bears over bulls as markets re-entered into the red territory once again. Selling turns out to be more in the few attempted the markets tried to rebound.
Nifty is at 4532.75 down 0.43%. CNX Midcap is down 0.25% while Nifty Midcap 50 is down 0.70%. Top midcap losers include Tata Chemicals (down over 6%), Lanco Infratech Limited (LITL) (down over 5%), HCC, Mahindra Lifespace Developers Limited (Ticker: MAHLIFE), Bajaj Hindustan (all down over 4%). On the other hand, Nifty Midcap 50 gainers list includes Divis Lab (up over 2%), AIA Engineering, Shree Cements, IVRCL Infra, APIL (all up over 1%) amongst others.
Sensex is down 0.69% having lost 105.14 points and is currently trading at 15106.99 points.
August 13th, 2008
The Indian markets which had a weak opening this morning recovered ground and backto the near-opening levels. NSE Nifty is at 4552.10. Banking stocks continued to slip, albiet marginally today. Bank Nifty is down 0.76%. CNX IT is up 0.77% and is at 3850.5
Top gainers of the day include Sterlite Industries (up 3%), Cipla, SAIL, Cairn, Infosys Technologies, SBI, Tata Steel, Dr. Reddy, Satyam Computers and National Aluminium (all up 1%)
The Banking stocks continue to lead the losers charts. HDFC Bank and ICICI Bank slipped over 2.5% each. Other top Nifty losers include Hindalco, DLF, Siemens (all down over 1%), BPCL, Tata Communications, Grasim, ACC and Reliance Communications (down marginally).
Top gaining sectors from trade perspective at the moment include Health Care and IT.
August 13th, 2008