Archive for September 9th, 2008
Tuesday, September 09, 2008 11:46:41 AM IST
Markets are range bound in the last hour of trade and made few failed efforts to come out. Nifty is at 4441 down 0.91%. BSE Sensex slips by 145 points and is at 14799 levels and down by 0.97%. BSE Auto Index is down 1.08%. M&M, Hero Honda and Tata Motors are in the red.
CNX IT recovered a bit but is still down 0.84%. Bank Nifty is down 1.48%. CNX 100 is down 1% and CNX 500 is down 0.83%.
BSE Midcap and Smallcap indices are down 0.35% and 0.11% respectively. Top losing sectors on the BSE are Bankex, Auto, Metal and Realty.
M&M, Hero Honda are down over 2% while Tata Motors is down over 1.8%
1 U.S. dollar = 44.4998 Indian Rupees
1 U.S. dollar = 107.8632 Japanese Yens
1 U.S. dollar = 0.7094 Euros
1 Ounce Gold = $796.20
1 Barrel Crude Oil = $104.98
September 9th, 2008
Draft offer documents for the following mutual fund schemes are submitted and are put for public view and commenting:
Bharti Axa Monthly Income Plan
Bharti Axa Short Term Income Fund
Goldman Sachs India Equity Fund
JM Fixed Maturity Fund - Series XIV
September 9th, 2008
Scheme Name
HDFC FMP 22M September 2008
Objective of Scheme
The investment objective of the Plans under the Scheme is to generate regular income through investments in Debt / Money Market Instruments and Government Securities.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
9-Sep-2008
New Fund Earliest Closure Date
22-Sep-2008
New Fund Offer Closure Date
22-Sep-2008
Indicate Load Separately
Entry Load (Direct Applications and Applications routed through any Distributor / Agent / Broker) : Nil Exit Load : In respect of each purchase / switch-in of units, an Exit Load of 2% is payable if units are redeemed / switched out before Maturity / Final Redemption Date. No Exit Load is payable on Maturity / Final Redemption Date.
Offer Price (Rs.)
10
Minimum Subscription Amount
Wholesale Plan Rs. 1,00,00,000 Retail Rs. 5,000
September 9th, 2008
Tuesday, September 09, 2008 10:32:46 AM IST
The Indian stock markets opened marginally in the red after a bullish yesterday trade. Nifty is at 4423 down 1.32%. Sensex is down 190 points or 1.28% and is at 14754 levels.
CNX IT is down 1.09% and Bank Nifty is down 1.93%. BPCL is back into the green after two sessions of selling. The script is now trading at 351.4 levels and is up 1.38% so far since opening bell. Reliance Communications, ACC, ONGC, Bharti Airtel (all marginally up) are the remaining in the green.
On the losing side are Sterlite, Hero Honda, Tata Power, BHEL, Dr. Reddy, ICICI Bank, M&M, Tata Communications (all down over 2%) and Unitech and DLF (both down over 1.8%)
Crude begins to cool off and is now at near-$105 a barrel levels. Indian Rupee is strong and IT stocks would be expected to have a relatively okay day today.
1 U.S. dollar = 44.4998 Indian Rupees
1 U.S. dollar = 107.8632 Japanese Yens
1 U.S. dollar = 0.7094 Euros
1 Ounce Gold = $799.50
1 Barrel Crude Oil = $105.20
September 9th, 2008