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Markets slip in early trade; Auto stock trading firm

Wednesday, August 27, 2008 10:39:08 AM IST

The Indian stock markets are down in the first half hour of trade. The CNX Nifty is at 4329.35 down 0.19%. BSE Sensex is down by 40 points and is at 14442 points.

CNX IT is down 0.46% and Bank Nifty is marginally down by 0.05%. The CNX Midcap index is holding firm up by 0.12%.

On the BSE, the Midcap Index is up 0.06% and the Smallcap index is up 0.17%. Selling pressure is seen across the board. Realty, Tech, Oil & Gas, Power, Bank are the sectoral indices in the red while Health Care, Metal, Auto and Consumer Durables are marginally in the green.

Buzzing stocks on the Nifty include BHEL, Bharti Airtel, TCS, Satyam Computers, DLF, Reliance (all down over 1%), National Aluminium, Wipro, Reliance Infra and Grasim (margianlly in the red).

On the gainers side are Sun Pharma (up over 2%), SAIL, Suzlon, HDFC, HDFC Bank, Dr. Reddy, M&M (all up over 1%), Tata Motors, Tata Steel and ABB (marginally in the red)

Of the 11 stock BSE Auto index, 8 are advancing and 3 are declining. Top auto gainers on the BSE so far include Bajaj Auto, M&M, Exide Industries while on the down side are Amtek Auto, Apollo Tyres and Bharat Forge.

Tata Motors is in news on the business press yesterday. A leading national daily is reporting that Tata Motors will lose Rs. 100 crores if it relocated out of its project from the West Bengal location. On the positive side press coverage is about its plan to setup an assembly unit in South Africa to serve the needs of its African market customers. Tata Motors is currently exporting the assembly units manufactured in India to South African. Tata Motors enjoys good market in the African continent and its product sales largely includes Cars, Trucks and Lorries. The setting up of an Assembly unit allows faster roll of its products to the customers and works out as an ideal assembly base for the company away from India.

Tata Motors is trading at Rs. 435.85 levels on the BSE. The 52-week high for the script is Rs. 841.90 while the 52-week low is Rs. 373.50

1 U.S. dollar = 43.7292286 Indian rupees
1 U.S. dollar = 0.683200109 Euros
1 U.S. dollar = 109.48106 Japanese yen
1 Ounce Gold = $827.60
1 Barrel Crude Oil = $116.86

Add commentAugust 27th, 2008

News about Escorts Limited

The media had reports that Escorts Ltd may sell a part of its surplus land at Faribad to DLF for around Rs. 1260 crore. 

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Escorts Ltd has vide its letter inter-alia stated, “No official communication was given by us to anybody on the above matter. Further, we deny any such news”.

Add commentSeptember 21st, 2007

Market-wide Position Limit in ESCORTS

The derivative contracts in the underlying ESCORTS have crossed 95% of the market-wide position limit on September 05, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of  ESCORTS  by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Add commentSeptember 5th, 2007

Market-wide Position Limit in ESCORTS

The derivative contracts in the underlying ESCORTS has crossed 95% of the market-wide position limit on August 28, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of  ESCORTS by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Add commentAugust 28th, 2007

Security listed and admitted to dealings - ESCORTS

The following security of Escorts Limited shall be listed and admitted to dealings on the Exchange w.e.f. July 12, 2007. Trading shall be in the Normal Market Segment – Compulsory Demat (Rolling Settlement) for all investors.

Sr. No.

Symbol

Security Name

Series

ISIN Code

Add commentJuly 11th, 2007