Tuesday, September 16, 2008 3:40:50 PM IST
The Indian stock markets took a wonderful recovery path despite the Asian markets trading over 5% down. Nifty closed the day at 4084.50 down 0.28% while BSE Sensex closed the day 13550.67 up 19.40 points or 0.14%
Banking sector did remarkably good today. The Bank Nifty is up 2.8%. State Bank of India and PNB feature in the top gainers of Nifty today.
CNX IT is down 1.47%. The US financial institutions trouble would naturally mean slow down in order book for the Indian IT and ITES company and hence the natural impact on their stocks. Satyam and Wipro are hit badly today.
The Oil & Gas and the PSU stocks stook firm and lead the recovery rally today. BPCL is up 3.47% in todays trade.
1 U.S. dollar = 46.4597 Indian Rupees
1 U.S. dollar = 104.1666 Japanese Yens
1 U.S. dollar = 0.7017 Euros
1 Ounce Gold = $779.00
1 Barrel Crude Oil = $92.70
September 16th, 2008
Tuesday, September 16, 2008 10:31:50 AM IST
Indian markets continued to stay inline with other Asian markets and saw a heavy downside opening. Nifty is below the 4000 mark but is gradually picking upwards as buying is coming in large cap stocks. Sensex is down 284 points. Realty continues to experience the hard knock.
Nifty is trading at 3987.70 levels and is down 2.09%. CNX IT is down 2.30% with Satyam and TCS stocks having lost a few bucks today. Rumors are out that Satyam had a employee cut and with Merrill Lynch being a major client for it, markets feel Satyam would feel a bit of pain as news keeps coming. Bank Nifty is down 2.18%
CNX 100 is down 2.18% while CNX 500 is down 2.26%. Top Nifty losers include Unitech. Unitech is now trading at 134.75 levels and is down 6.46% so far in todays trade. Ranbaxy is down 5.5%. DLF, Satyam, Bharti Airtel are all down over 4%. ICICI Bank is down over 5% but soon recovered. The script is trading at 603.5 levels and is down 3.82%. HCL Tech, HDFC, Reliance Communications and Wipro are all down over 3% each.
Nifty gainers list includes Hero Honda, BPCL, IDEA, SBI and PNB.
BSE Sensex is trading at 13246.96 levels and is down by 284.31 points or 2.1%. Both BSE Smallcap and Midcap indices are down over 2% each. Realty is the biggest hit sector today. Metal, Consumer Durables, Teck, Power, Capital Goods and PSU are the other sectors hit in todays trade, Edelweiss is top BSE ‘A’ category loser today. Advances to Declines is at 319:1414
1 U.S. dollar = 45.6204 Indian Rupees
1 U.S. dollar = 105.6747 Japanese Yens
1 U.S. dollar = 0.7049 Euros
1 Ounce Gold = $774.00
1 Barrel Crude Oil = $92.04
September 16th, 2008
Scheme Name
Birla Sun Life Fixed Term Plan - Series BF
Objective of Scheme
The Scheme seeks to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the Scheme.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
11-Sep-2008
New Fund Earliest Closure Date
19-Sep-2008
New Fund Offer Closure Date
19-Sep-2008
Offer Price (Rs.)
Rs. 10/- Per Unit
Minimum Subscription Amount
Minimum 5000/- and in multiples of 1 thereafter
September 16th, 2008