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Indian markets closes day in red as Sensex slides to 17640 levels

The pain in the Indian markets seems to have not gone but there is a bit of cheer today. The Indian stock markets opened the day in the green but soon slipped into the red before reversing its course. However by post-noon trades, the bears overtook the bulls as the markets closed the day in the red. Sensex opened the day at 17,810.13 and closed the day 17,648.71 and is down points losing 0.62%. The BSE Midcap and Smallcap indices too closed marginally in the red. Almost all BSE sectoral indices closed the day in the red except for Auto, Oil & Gas, FMCG and IT which managed to close the day marginally in the green. CNX Nifty is down 0.58%. Bank Nifty slipped 1.89%. Nifty Midcap 50 index is down 2.85%.

Banking stocks had a mixed day today. India’s largest private sector bank ICICI Bank closed the day down 3.4% while its arch rival HDFC Bank is up 2.39%. While Corporation Bank is down by over 8%, Oriental Bank of Commerce is down 7.1% and Union Bank of India and Bank of India are down over 4%, Canara Bank which has recently attempted a branding makeover closed the day up by 4.1%. India’s largest Bank, State Bank of India is down by 2.55%. The stock last traded at Rs. 2167.35 on the NSE

IT stocks had a mixed day today. Infosys and TCS barely closed the day in the green. Wipro is up 2.2% while Satyam is down 1.12%

STOCK        LAST TRADED PRICE (In INR)

INFOSYSTCH    1499.05
SATYAMCOMP    392.7
TCS            873.75
FINANTECH    2134.2
HCLTECH        241.65
WIPRO        422.75
ROLTA        232.15
TECHM        684.45
MPHASIS        215.75
PATNI        256.3
GTL            258.1
POLARIS        80.55
CMC            856.6
I-FLEX        940.85
MOSERBAER    210.8
SUBEX        313.9
HEXAWARE    66.2
MINDTREE    342.6
TATAELXSI    201
HCL-INSYS    197.05

Add commentJanuary 31st, 2008

News about MindTree Consulting Limited and Aztecsoft Limited

The media had reports that  Aztecsoft is in merger talks with Mind Tree.

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.

MindTree Consulting Limited has vide its letter inter-alia stated,”The Company has not entered into any such arrangements as mentioned in the media and our Board has also not considered any such arrangement as of date. Hence this news report is purely speculative.”

Aztecsoft Limited has vide its letter inter-alia stated, “The news report is not based on any information from the Company. There are no proposals placed before the Board of Directors of the nature stated in the media report.”

Add commentJanuary 10th, 2008

Market-wide Position Limit in APTECHT

The derivative contracts in the underlying APTECHT has crossed 95% of the market-wide position limit on December 18, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of  APTECHT  by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Add commentDecember 18th, 2007

Market-wide Position Limit in NIITTECH

The derivative contracts in the underlying NIITTECH has crossed 95% of the market-wide position limit on November 21, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of  NIITTECH by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Add commentNovember 22nd, 2007

Market-wide Position Limit in NIITTECH

The derivative contracts in the underlying NIITTECH has crossed 95% of the market-wide position limit on 19-Oct-2007. It is hereby informed that all clients/ members shall trade in derivative contracts of  NIITTECH by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Add commentOctober 19th, 2007