Archive for September 17th, 2008
Wednesday, September 17, 2008 3:43:16 PM IST
The stock markets continue to witness weakness following selling pressure in Realty and Banking stocks. Nifty closed the day at 3996.75 down 1.75% while BSE Sensex closed at 13230.15 down 2.14%
The CNX IT is down 1% despite few attempts to stay in the green zone. The Bank Nifty is down 3.7% at 5905.75. CNX 100 is down 2.13% while CNX 500 is down 2.18%.
Nifty gainers of the day include Tata Motors, Cain (both up over 4%), ONGC, ACC (both up over 2%), Ambuja Cement, Infosys, Wipro (all up over 1%), Tata Communications, Cipla and M&M (all marginally up).
Unitech and Sterlite continue to be hit the most. Unitech touched an intraday low of 125.25 and closed day at 127.20 down by 9.21%. Sterlite Industries is down 8.76% and last traded at 436.25. Other top Nifty losers of the day include IDEA, National Aluminium, BPCL, HCL Tech, ITC, GAIL, Ranbaxy and ICICI Bank.
The BSE Midcap and Smallcap indices too closed in the red. All sectoral indices on the Sensex are in the red. Bankex and FMCG are down over 3%.
1 U.S. dollar = 46.1190 Indian Rupees
1 U.S. dollar = 105.9546 Japanese Yens
1 U.S. dollar = 0.7049 Euros
1 Ounce Gold = $782.50
1 Barrel Crude Oil = $93.91
September 17th, 2008
Escrots Mutual Fund has announced dividend for its Escort Oppotunities Fund & Escorts Income Fund schemes.
The dividend will be 1.6% for Escort Oppotunities Fund & 0.40% for Escorts Income Fund.
The record date for the dividend will be taken as September 22, 2008
September 17th, 2008
Wednesday, September 17, 2008 10:27:43 AM IST
The Indian stock markets opened firm this morning. IT stocks are back on course today while Banking stocks continue to be hammered. Nifty is at 4045 levels while Sensex is at 13518 levels, both the indices are marginally down.
The CNX IT is up 1.79% while the Bank Nifty is down 1.81%. CNX 100 is down 0.58% while CNX 500 is down 0.37%. The CNX Midcap index is up 0.29%
Nifty toppers so far today include Infosys (up over 3.8%), Satyam, Tata Motors, Cairn, ONGC (all up over 2%) followed by Wipro, Hero Honda, M&M, Zee Limited and Maruti (all up over 1%)
Nifty losers list includes Ranbaxy (down over 7.8%), IDEA, ICICI Bank (both down over 4%), ITC, Sterlite (both down over 3%), SBI, Grasim, SAIL, BPCL and Reliance Power (all down over 2%)
BSE Midcap and Smallcap indexes are marginally in the green. Auto, Capital Goods and Consumer Durables sectoral indices are trading in the green while FMCG, Health Care, Power, PSU and Oil & Gas are in the red.
1 U.S. dollar = 46.8099 Indian Rupees
1 U.S. dollar = 105.7305 Japanese Yens
1 U.S. dollar = 0.7071 Euros
1 Ounce Gold = $779.20
1 Barrel Crude Oil = $93.98
September 17th, 2008
Wednesday, September 17, 2008 8:02:18 AM IST
Thanks to the Fed’s AIG rescue plan, the Asian markets are largely in the green after heavy selling in the last two sessions. The Federal Reserve Bank of New York will lend up to $85 billion to AIG in a plan aimed at saving the insurer from a “disorderly failure” that could wreak economic havoc.
Most of the Asian markets saw mode selling pressue yesterday compared to the day before considering that the stock exchanges are closed when the news of the Lehman Brothers going bust has come out. Another news to cheer is that Barclays has come forward to buy some of the Lehman assets for $1.75 billion.
The All Ordinaries is marginally in the green. The Gang Seng is up 347.13 points or 1.90%. The Jakarta Composite, Nikkei 225, NZSE, Seoul Composite and Taiwan Weighted are all in the green. Straits Times is down 0.86%.
1 U.S. dollar = 46.8099 Indian Rupees
1 U.S. dollar = 105.7305 Japanese Yens
1 U.S. dollar = 0.7071 Euros
1 Ounce Gold = $782.00
1 Barrel Crude Oil = $94.35
September 17th, 2008
Scheme Name
JM Fixed Maturity Fund - Series XIII - Quarterly plan 1 (JM FMF - XIII - Q1)
Objective of Scheme
A close ended income scheme comprising various plans seeking to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plan.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
17-Sep-2008
New Fund Earliest Closure Date
16-Oct-2008
New Fund Offer Closure Date
16-Oct-2008
Offer Price (Rs.)
Rs 10/- per unit
Minimum Subscription Amount
Rs 5000/- (Regular) & Rs 5 lakh (Institutional)
September 17th, 2008
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