Posts filed under 'Real Estate & Construction'
Wednesday, August 27, 2008 4:08:40 PM IST
Heavy selling in the Realty and Banking stocks and in Capital Goods and Power stocks to a certain extent during the last two hours of trade has pulled the stock markets down.
The NSE Nifty closed the day at 4292.10 down by 1.05%. CNX IT is down 0.49% while Bank Nifty is down 2.01%. CNX 100 is down 1.03% while CNX 500 is down 0.97%
Sensex closed the day at 14724.18 down by 368.94 points or 2.44%. BSE Midcap and Smallcap indices closed the day down by 1.79% and 1.65% respectively.
On the BSE Sectoral indices front, IT is up 2.18% while Realty is down by a whopping 7.97%. Bankex is down 5.07% and Capital Goods is down 3.71%
DLF and Reliance Infra are down over 3% each. SBI, ICICI Bank, Unitech, Tata Motors, BHEL, Relaince Communications, Power Grid are all down by over 2%. HDFC is down by 1.95%
Dr. Reddy and Hindalco are up over 2% each. Other Nifty gainers include SAIL, Hero Honda (both up 1%), GAIL, ABB, Idea, Tata Steel, Punjab National Bank and Infosys (all marginal gains).
1 U.S. dollar = 43.5142 Indian Rupees
1 U.S. dollar = 108.9680 Japanese Yens
1 U.S. dollar = 0.6797 Euros
1 Ounce Gold = $833.10
1 Barrel Crude Oil = $117.60
August 27th, 2008
Wednesday, August 27, 2008 11:37:05 AM IST
The stock markets made fresh inroads in the negative territory during the last hour of trade. CNX Nifty is down 0.28% while BSE Sensex is down 0.47%. DLF which is planning to raise funds from institutional investors is currently down 1.96%
CNX Nifty is trading at 4325 levels and is down 0.28%. CNX IT is down 0.19% while Bank Nifty is down 0.06%. CNX Midcap is now up 0.26%
The BSE Sensex has shed 68.12 points and is now at 14414 levels. Midcap index is marginally in the red while Smallcap index is now n green.
Realty, Oil & Gas, Power, Bankex, Capital Goods are in the red while Metal, Healthcare, Auto, Consumer Durables sectoral indices are in green.
Top Nifty gainers include Sun Pharma (now 1.8% up), SAIL, Tata Steel, Suzlon, Dr. Reddy (all up over 1%), ABB, ONGC, Tata Motors, Ambuja Cements, Hindalco (all marginally in the green)
Top Nifty losers include DLF, Reliance, Grasim, BHEL, Tata Power, Satyam, RPL, TCS, Bharti Airtel (all down over 1%) and Ranbaxy (marginally down)
India’s Realty and Property Development major DLF is seeking the nod from the shareholders to raise about Rs 10,000 crore from institutional investors. The company plans to raise this money in the next 12 months. The funds would be used for its own use as well as that of DLF Assets.
DLF is trading at Rs 486 levels on the NSE. Its 52-week high is at 1225 while 52-week low is 350.
The BSE Realty index is down over 70 points so far. Top losers in the Realty index include Indiabulls Realestates, Mahindralife, DLF, HdFC, Akruti City while the gainers pack is lead by Anant Raj which is up 4.9%
1 U.S. dollar = 43.7292286 Indian rupees
1 U.S. dollar = 109.48106 Japanese yen
1 U.S. dollar = 0.683200109 Euros
1 Ounce Gold = $826.40
1 Barrel Crude Oil = $116.77
August 27th, 2008
As expected by the market sources the IPO of the real estate firm Emaar MGF Land Ltd is extended to February 11, 2008.
The price range was initially put at Rs. 610-690 but was put down at Rs. 540-630. The lower band is further changed to Rs. 530 today. The recent jitters in the stocks markets due to the US recession has put hit the market the world over. With the BSE and NSE correcting a bit in recent days, Wednesday is believed to be the wrong day for the closing of the IPO.
The Real Estate Sectoral index on the BSE closed down by 2.40% losing 256.14 points.
February 6th, 2008
The media had reports that DS Kulkarni Developers Ltd. may enter into a joint venture with Capitaland to develop 60 acres land by setting up residential cum IT/ITES and retail complex.
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.
DS Kulkarni Developers Ltd. has vide its letter inter-alia stated,”The published information is only a source based information given by the media and is not given by the Company. The Company has nothing to say about the contents of news item except our denial of the same.”
October 5th, 2007
NSE Press Release
The derivative contracts in the underlying PARSVNATH have crossed 95% of the market-wide position limit on June 12, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of PARSVNATH by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.
June 12th, 2007
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