Archive for August 21st, 2008
Selling pressures across the board has brought back the bears today. The markets opened trade this morning in a weak mood and continued to take a free fall slip as the day progressed.
The Nifty closed down 3.24% at 4272.70 levels. The CNX IT is down 2.6% and the Bank Nifty down by 5.35%.
The BSE Sensex is down 476.06 points and closed the day at 14202.18. The BSE Midcap is down 125.22 points and closed at 5107.15 points. The BSE Smallcap index is down by 1.96% at 6927.62 points. Realty, Bankex, PSU, Power, Consumer Goods are the most prominent sectoral losers of the day.
Ranbaxy, Cairn and ABB closed in the green while the losers list is led by Bank and Realty stocks. SBI is down a whopping 7.17%. Reliance Infra, Unitech, DLF, NTPC, National Aluminium, HDFC Bank, ICICI Bank are all down by over 5%. BPCL and HDFC closed down by over 4.9%
State Bank of India last traded at Rs. 1340. ICICI Bank is at 642.00 and HDFC Bank last traded at 1170.00
1 U.S. dollar = 43.4103143 Indian rupees
1 U.S. dollar = 108.849461 Japanese yen
1 U.S. dollar = 0.676452682 Euros
Gold (1 ounce) = $820.20
Crude Oil (1 Barrel) = $117.16
August 21st, 2008
Thursday, August 21, 2008 1:31:52 PM
The stock markets are accessing new lower levels as more selling has come into the picture.
Nifty is now testing 4300 levels and is currently at 4304 down by 2.53%. Bank Nifty is down 4.04% while CNX IT is down 1.75%
Top losers of the day so far include SBI, Tata Communications, NTPC (all down over 5%), DLF, Unitech, BPCL, HDFC Bank (all down 4%), BHEL, ICICI Bank and Sun Pharma (all down over 3.5%)
Some top gainers of the day so far include Ranbaxy (up 1.79%) and Cairn (marginally in the green).
The BSE Sensex is now down over 332 points and is at 14345 levels. Both BSE Midcap and Smallcap indices have down over a percentage.
Top sectoral losers include Realty (down over 4%), Bank and PSU (both down over 3%), Power and Capital Goods (Both down over 2%) amongst others.
1 U.S. dollar = 43.4103143 Indian rupees
1 U.S. dollar = 108.849461 Japanese yen
1 U.S. dollar = 0.676589986 Euros
August 21st, 2008
Thursday, August 21, 2008 11:57:46 AM
The Markets are back into red after happing a reasonably good day yesterday. The NSE Nifty is down by 1.92% and is at 4330.95 levels. CNX IT is down 1.17% and Bank Nifty is down 3.22%
BSE Sensex has lost 252 odd points so far and is now at 14426.00 levels. Midcap and Smallcap indices on the BSE are down by 0.88% and 0.66% respectively. Realty, Bank and PSU stocks are on the losing side.
SBI is down 4.7% and is currently at 1375.30 levels on the NSE. Other major banking stock losers include Kotak Mahindra Bank and HDFC Bank (both down over 3%), Bank of India, ICICI Bank, Axis Bank, IDBI (all down over 2%), OBC, PNB, Bank of Baroda, Union Bank and Canara Bank (all marginally down).
Brokerage firms are giving a sell rating for Punjab National Bank (PNB). The stock is currently trading at Rs. 456.15
August 21st, 2008
UTI Mutual Fund has announced a dividend of 15% in UTI Pharma & Healthcare Fund. The record date for the dividend is August 26, 2008.
The fund has earlier recorded three dividends -
20% in October 2003
25% in Octover 2004
25% in January 2006
The Investment objective of the fund is “An open-ended fund which exclusively invests in the equities of the Pharma & Healthcare sector companies. This fund is one of the growth sector funds aiming to invest in companies engaged in business of manufacturing and marketing of bulk drug, formulations and healthcare products and services.”
The fund size is Rs. 57.99 Crores and had Sun Pharma, Ranbaxy, Cipla, Glenmark, Glaxosmithkline, Indoco Remedies, Dr Reddys, Divis, Cadila, Lupin as the top held shares. (as of July 31, 2008)
In terms of performance amongst Pharma Mutal Funds, this fund stands second next to JM Healthcare Sector fund and is far better than its other peers Franklin Pharama, Reliance Pharma and SBI Magnum Pharma.
August 21st, 2008