Archive for August 22nd, 2008
The media had reports that the promoters of EIH Limited may offload stake to strategic investor.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
EIH Limited has vide its letter inter-alia stated, “The facts contained in the media are absolutely baseless, untrue and mischievous.”
August 22nd, 2008
Friday, August 22, 2008 1:17:18 PM IST
Business press is reporting of a news of ONGC (BSE Script Name: ONG CORP LTD; Script Code: 500312) is taking lead in the bid to buy the London-based Oil exploration and production company Imperial Energy (LON:IEC). ONGC through its subsidy ONGC Videsh Ltd is attempting to bid in full after getting the approval from the Government of India. Sources say ONGC is ahead of China’s Sinopec and KNOC of Korea which are competing in the bid.
ONGC Share price movement
52-week high: Rs. 1386.90
52-week low: Rs. 777.15
ONGC is trading at Rs. 1017.50 a share - Up by 8.60 or 0.85%
Its peers Indian Oil is at Rs. 394.65 down 16.05 or 3.91%
HPCL is at Rs. 198.50 down Rs. 6.00 or 2.93%
Reliance Industries is at 2256.15 up Rs. 43.83 or 1.98%
Reliance Petroleum is at Rs. 160.25 up Rs. 2.5 or 1.68%
August 22nd, 2008
Friday, August 22, 2008 1:06:19 PM IST
The stock markets began to show signs of recovery with the indices inching more ground in the positive territory. The Nifty is now up 0.61% and is testing 4300 and upwards. The CNX IT is marginally down by 0.05% while the Bank Nifty is up 1.5%.
The BSE Sensex is now up 122 points at 14366 points. Both the midcap and small cap indices of the BSE showed a bit of recovery. Bank, Oil & Gas, Consumer Durables and Metal stocks are gaining while Capital goods, PSU, Power and Realty are showing signs of weekness.
Reliance stocks top the Nifty charts. Reliance Infra, Reliance Communication, Reliance Industries and Reliance Petroleum are all in the green today.
Satyam, Wipro and TCS are seeing signs of weakness. Satyam is now at 388 levels down 2.65%.
1 U.S. dollar = 43.1406385 Indian rupees
1 U.S. dollar = 108.695652 Japanese yen
1 U.S. dollar = 0.672088178 Euros
Gold (1 ounce) = $833.70
Crude oil (1 Barrel) = $121.47
August 22nd, 2008
On going Mutual Fund NFOs
Franklin Templeton Mutual Fund
Franklin Templeton Fixed Tenure Fund – Series X – Plan B
Franklin Templeton Fixed Tenure Fund – Series X – Plan D
HDFC Mutual Fund
HDFC FMP 20M August 2008
HDFC FMP 370D August 2008 (2)
HDFC FMP 90D August 2008 (3)
JM Financial Mutual Fund
JM Multi Strategy Fund
Lotus India Mutual Fund
LOTUS INDIA FIXED MATURITY PLAN-375 DAYS-SERIES XVI
Lotus India Long Term FMP - Sr.I - Plan A - 20 Months
Reliance Mutual Fund
Reliance Fixed Horizon Fund - X - Series 1
Reliance Gilt Securities Fund-
Sahara Mutual Fund
SAHARA BANKING & FINANCIAL SERVICES FUND
Tata Mutual Fund
Tata Fixed Horizon Fund Series 18 Scheme B - Institutional Plan
Tata Fixed Horizon Fund Series 18 Scheme B - Regular Plan
Tata Fixed Horizon Fund Series 19 Scheme E - Institutional Plan
Tata Fixed Horizon Fund Series 19 Scheme E - Regular Plan
August 22nd, 2008
Friday, August 22, 2008 10:39:56 AM
The Indian stock markets opened the day on the lower side, went on a side-wide movement and are now back to the opening levels.
The Nifty is at 4285 up 0.03%. CNX IT is down 0.04% while Bank Nifty is up 1.03%. The Sensex is at 14262 levels up 19.16 points or 0.13%. The BSE Midcap index is up 0.07% while the BSE Smallcap index is up -0.12%. Metal stocks are gaining while PSU, Realty, Power, Capital Goods and FMCG are marginally on the lower side.
Top Nifty gainers so far include Hindalco (up 3.5%), Sterlite Industries (up 2.5%), Cairn, National Aluminium, Reliance Communications, SAIL, Tata Motors, Tata Steel (all up over 1%), Reliance Petrol and Infosys (marginally in the green)
The Nifty losers pack include BPCL (down 4.3%), Suzlon (down 2%), ONGC, NTPC, BHEL, Grasim, GAIL, Power Grid, Unitech and Maruti (all down over 1%)
1 U.S. dollar = 43.3895952 Indian rupees
1 U.S. dollar = 108.483402 Japanese yen
1 U.S. dollar = 0.672675905 Euros
Gold (1 Ounce) = $835.50
Crude Oil (1 Barrel) = $121.32
August 22nd, 2008