Archive for August 19th, 2008

Mutual Fund Draft Offer Documents - August 19, 2008

Mutual Fund offer documents submitted to SEBI and put on their website for public view and review
IDFC FMP Half Yearly Series 7 and 8
IDFC Tax Advantage (ELSS) Fund
JP Morgan Emerging Europe, Middle East and Afrcia Equity Off Shore Fund
JP Morgan JF Greater China Equity Off Shore Fund
Tata SIP Fund

Add commentAugust 19th, 2008

IT, Auto, Telecom indices continues to slip

Tuesday, August 19, 2008 2:25:30 PM IST

The last one hour of trade has dragged the IT stocks downward. The lastest to join in the top losers pack is IDEA. The stock slipped by 6.03% and is trading at Rs. 81 levels. Reliance Communication (RCOM) too is in bad times these days as the downtrend continued for today too. RCOM is trading at Rs. 412.50 down 3.24%. Its peer Bharti Airtel (BHARTIARTL) is trading at Rs. 809.10 and is down 2.68% on the Nifty.

CNX Nifty is down 1.33% at 4334.65 points. CNX IT is down 0.86%, Bank Nifty is down 1.86% CNX Midcap index is down 1.36%

Sensex is holding at 14450 mark and is down 195 points in todays trade. The BSE Midcap index is down 1.1% while the BSE Smallcap index is down 0.95% so far.

Losses extended to other sectors too. Tech, Auto, Consumer Durables, Bankex, Realty, PSU, Consumer Goods, Power and Metal indices on the BSE are down over a percent.

1 U.S. dollar = 43.3407013 Indian rupees
1 U.S. dollar = 109.938434 Japanese yen
1 U.S. dollar = 0.682454105 Euros

Add commentAugust 19th, 2008

Markets open low; Trading flat by midday

Tuesday, August 19, 2008 12:53:14 PM IST
The Indian stock markets had a weak opening this morning and are trading flat and sideways.

CNX Nifty is at 4350.10 down by 0.98%. Nifty Junior is down 1.25%. Bank Nifty is down by 1.44% after selling pressure on banking stocks in the last hour or so. CNX IT too slipped into the red and is down by 0.48% Midcap stocks continue to be in pressure with CNX Midcap index getting down by 1.01%

Draggers on the Nifty include Maruti, ACC (bothd own over 4%), IDEA, Unitech, HDFC, Sterlite (all down over 3%), GAIL, Reliance Communications, Power Grid and Satyam (all down over 2%)

Toppers on the Nifty include SAIL (up over 1%), BPCL, Ambhuja Cements, ABB, Siemens, Sun Pharma, NTPC, TCS, RPL and Cipla (all marginally in the green)

The BSE Sensex lost 164 points so far in todays trade and is currently at 14480.98. Midcap and Smallcap indices are marginally down. Top sectoral losers on the BSE include Auto, Realty, Tech, Metal and Bank (all down over 1%)

1 U.S. dollar = 43.3407013 Indian rupees
1 U.S. dollar = 0.682454105 Euros
1 U.S. dollar = 109.938434 Japanese yen
Gold (1 Ounce) = $787.20
Oil (1 Barrel) = $112.87

Add commentAugust 19th, 2008



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