Thursday, August 28, 2008 11:43:30 AM IST
The stock market indices took a bounce back after dipping deeper into the red. Trades overall are flat. The CNX Nifty is at 4285 down 0.16% while BSE Sensex is at 14256.03 down 40 points or 0.26%
CNX IT is down 0.01% and Bank Nifty is down 0.82%. Realty, Bankex, Capital Goods sectoral indices continue to be in red on the BSE.
Hero Honda made a come back. The script is trading at 826 levels and is up 2% today. Other gainers include Cairn, Suzlon, Bharti Airtel, Ambuja Cement, HCL Tech, Sterlite Industries, ACC, Cipla all up over 1%
The negative list by Hindalco. The script is down over 4%. DLF continues to slip. The script is trading at 471 levels now down by 1.45%
1 U.S. dollar = 43.7005 Indian Rupees
1 U.S. dollar = 109.5050 Japanese Yens
1 U.S. dollar = 0.6802 Euros
1 Ounce Gold = $832.70
1 Barrel Crude Oil = $119.11
August 28th, 2008
The following Mutual Fund Schemes are in NFO:
ABN AMRO Mutual Fund
ABN AMRO FIXED TERM PLAN - SERIES 12 PLAN C
ABN AMRO FIXED TERM PLAN - SERIES 13 PLAN C
Escorts Mutual Fund
Escorts Power & Energy Fund
Franklin Templeton Mutual Fund
Franklin Templeton Fixed Tenure Fund – Series X – Plan B
Franklin Templeton Fixed Tenure Fund – Series X – Plan D
Templeton Fixed Horizon Fund – Series XI – Plan B (367 days plan)
HDFC Mutual Fund
HDFC FMP 90D August 2008 (4)
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
August 28th, 2008
Thursday, August 28, 2008 10:31:21 AM IST
The stock markets had a gap up opening but soon slipped into the red. The NSE Nifty is at 4285.55 down 0.15%. BSE Sensex is at 14282 levels down 14 points or 0.10%
CNX IT is up 0.07% and Bank Nifty is up 0.12%. CNX 100 is marginally in the red down 0.11%. The border CNX 500 is down 0.13%.
Nifty gainers so far include Cipla, Maruti, Cairn (all up over 1%), Sterlite Industries, Ambhuja Cement, Bharti Airtel, Satyam, Hero Honda, Tata Power and ACC (all marginally in the green)
Top Nifty losers list is lead by metal stocks. Hindalco is down over 3%. SAIL is down over 2%. DLF, BHEL, Tata steel (all down over 1%) followed by Grasim, NTPC, ITC, ONGC and Dr. Reddy (all marginally in the red)
Amongst sectoral indices, Realty continues to see downtrend with the BSE Realty index down over 1%. Other sectoral losers include PSU, Metal, FMCG, Oil & Gas. Top sectoral gainers on the BSE include Consumer Durables, Auto, Bankex, Health care and IT.
Mahindra & Mahindra is in news after reports that the company is working on a possible takeover of Malaguti Moto, an Italian motorcycle and scooter company. It may be recalled the company has recently picked up the 2-wheeler business of Kinetic. If the Italian takeover is successful, M&M not only will be expanding its market width but also the product depth in the already competitive 2 wheeler market. The company is also believed to be in talks with various Chinese component sourcing companies, particularly with China’s #2 component maker Locin.
M&M is trading at 578.75 on the NSE. Its 52-week high is at 873.90 and 52-week low is 427.10
Top gainers in the BSE Auto sectoral index include Exide industries (up 3%), Maruti Suzuki, M&M, Hero Honda (all marginally in the green). Top losers in the pack include Amtek Auto, Bajaj Auto, Bosch, Apollo Tyres amongst others.
1 U.S. dollar = 43.7005 Indian Rupees
1 U.S. dollar = 109.5050 Japanese Yens
1 U.S. dollar = 0.6802 Euros
1 Ounce Gold = $833.00
1 Barrel Crude Oil = $118.97
August 28th, 2008