Wednesday, August 27, 2008 11:37:05 AM IST
The stock markets made fresh inroads in the negative territory during the last hour of trade. CNX Nifty is down 0.28% while BSE Sensex is down 0.47%. DLF which is planning to raise funds from institutional investors is currently down 1.96%
CNX Nifty is trading at 4325 levels and is down 0.28%. CNX IT is down 0.19% while Bank Nifty is down 0.06%. CNX Midcap is now up 0.26%
The BSE Sensex has shed 68.12 points and is now at 14414 levels. Midcap index is marginally in the red while Smallcap index is now n green.
Realty, Oil & Gas, Power, Bankex, Capital Goods are in the red while Metal, Healthcare, Auto, Consumer Durables sectoral indices are in green.
Top Nifty gainers include Sun Pharma (now 1.8% up), SAIL, Tata Steel, Suzlon, Dr. Reddy (all up over 1%), ABB, ONGC, Tata Motors, Ambuja Cements, Hindalco (all marginally in the green)
Top Nifty losers include DLF, Reliance, Grasim, BHEL, Tata Power, Satyam, RPL, TCS, Bharti Airtel (all down over 1%) and Ranbaxy (marginally down)
India’s Realty and Property Development major DLF is seeking the nod from the shareholders to raise about Rs 10,000 crore from institutional investors. The company plans to raise this money in the next 12 months. The funds would be used for its own use as well as that of DLF Assets.
DLF is trading at Rs 486 levels on the NSE. Its 52-week high is at 1225 while 52-week low is 350.
The BSE Realty index is down over 70 points so far. Top losers in the Realty index include Indiabulls Realestates, Mahindralife, DLF, HdFC, Akruti City while the gainers pack is lead by Anant Raj which is up 4.9%
1 U.S. dollar = 43.7292286 Indian rupees
1 U.S. dollar = 109.48106 Japanese yen
1 U.S. dollar = 0.683200109 Euros
1 Ounce Gold = $826.40
1 Barrel Crude Oil = $116.77
August 27th, 2008
Wednesday, August 27, 2008 10:39:08 AM IST
The Indian stock markets are down in the first half hour of trade. The CNX Nifty is at 4329.35 down 0.19%. BSE Sensex is down by 40 points and is at 14442 points.
CNX IT is down 0.46% and Bank Nifty is marginally down by 0.05%. The CNX Midcap index is holding firm up by 0.12%.
On the BSE, the Midcap Index is up 0.06% and the Smallcap index is up 0.17%. Selling pressure is seen across the board. Realty, Tech, Oil & Gas, Power, Bank are the sectoral indices in the red while Health Care, Metal, Auto and Consumer Durables are marginally in the green.
Buzzing stocks on the Nifty include BHEL, Bharti Airtel, TCS, Satyam Computers, DLF, Reliance (all down over 1%), National Aluminium, Wipro, Reliance Infra and Grasim (margianlly in the red).
On the gainers side are Sun Pharma (up over 2%), SAIL, Suzlon, HDFC, HDFC Bank, Dr. Reddy, M&M (all up over 1%), Tata Motors, Tata Steel and ABB (marginally in the red)
Of the 11 stock BSE Auto index, 8 are advancing and 3 are declining. Top auto gainers on the BSE so far include Bajaj Auto, M&M, Exide Industries while on the down side are Amtek Auto, Apollo Tyres and Bharat Forge.
Tata Motors is in news on the business press yesterday. A leading national daily is reporting that Tata Motors will lose Rs. 100 crores if it relocated out of its project from the West Bengal location. On the positive side press coverage is about its plan to setup an assembly unit in South Africa to serve the needs of its African market customers. Tata Motors is currently exporting the assembly units manufactured in India to South African. Tata Motors enjoys good market in the African continent and its product sales largely includes Cars, Trucks and Lorries. The setting up of an Assembly unit allows faster roll of its products to the customers and works out as an ideal assembly base for the company away from India.
Tata Motors is trading at Rs. 435.85 levels on the BSE. The 52-week high for the script is Rs. 841.90 while the 52-week low is Rs. 373.50
1 U.S. dollar = 43.7292286 Indian rupees
1 U.S. dollar = 0.683200109 Euros
1 U.S. dollar = 109.48106 Japanese yen
1 Ounce Gold = $827.60
1 Barrel Crude Oil = $116.86
August 27th, 2008