Archive for September 15th, 2008
Monday, September 15, 2008 Closing Bell IST
Lehman Brothers filing of bankruptcy, BoA taking over Merrill Lynch, AIG on bad financial numbers, USD appreciation and Crude down to $94 mark has forced Indian markets to close on a weak note.
The CNX Nifty is down at 4072.92 down 3.68%. The BSE Sensex lost 469.54points to close at 13531.27 down by 3.35%. The Midcap and Smallcap indices are even more worse in trade today. Much of the damage for the Indian markets happened barely few minutes of the opening bell. The markets continued to fall till mid day and later took a piece of relief as they reversed the course to recover a bit. Overall a very tough volatile day.
Surprising the Realty took up the most of the beating. Investors and traders both alike seens to be selling realty stocks as the BSE Realty index closed down by 7.65%. IT index is down 5.51% as the markets began assessing the impact of the US financial giants would cause on the software projects that the Indian IT companies are working on. Few IT companies such as TCS and Wipro came out and gave up their initial reactions. The Metal and Power index is down over 4.3% each.
Looking into stock specific action, Reliance Infra and Satyam Computers are down over 9.5% each. Ranbaxy, Unitech, Tata Communications, Cairn, DLF (all down over 7%), Siemens, Reliance Power and Power Grid (all down over 6% each) are the top Nifty losers today.
Surprisingly, Nifty stocks Maruti, HDFC, BPCL and ACC managed to close the day in the green.
1 U.S. dollar = 45.6100 Indian Rupees
1 U.S. dollar = 104.5041 Japanese Yens
1 U.S. dollar = 0.7013 Euros
1 Ounce Gold = $774.20
1 Barrel Crude Oil = $96.26
September 15th, 2008
Draft offer documents of the following mutual fund schemes are filed before SEBI and are now put on SEBI website for public view and commenting:
DWS Fixed Term Fund Series 61
DWS Fixed Term Fund Series 62
DWS Fixed Term Fund Series 63
DWS Fixed Term Fund Series 64
DWS Fixed Term Fund Series 65
HDFC FMP- Series X
September 15th, 2008
Scheme Name
ABN AMRO Fixed Term Plan - Series 13 Plan D
Objective of Scheme
The Investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities in line with the duration of the scheme
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
5-Sep-2008
New Fund Earliest Closure Date
15-Sep-2008
New Fund Offer Closure Date
15-Sep-2008
Indicate Load Separately
Entry Load - NIL Exit Load: 2% if investor redeems before date of maturity
Offer Price (Rs.)
10
Minimum Subscription Amount
5000
September 15th, 2008
Scheme Name
Tata Fixed Investment Plan - 4 - Super High Investment Plan
Objective of Scheme
The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market instruments.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
10-Sep-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
18-Sep-2008
Indicate Load Separately
Entry Load: Nil Exit Load: 2% if redeemed before maturity.
Offer Price (Rs.)
10/-
Minimum Subscription Amount
1,00,00,000
September 15th, 2008
Scheme Name
Tata Fixed Investment Plan - 4 - Regular Investment Plan
Objective of Scheme
The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market instruments.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
10-Sep-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
18-Sep-2008
Indicate Load Separately
Entry Load: Nil Exit Load: 2% if redeemed before maturity.
Offer Price (Rs.)
10/-
Minimum Subscription Amount
10,000
September 15th, 2008
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