A big day for the stock markets. The Indian Finance Minister will be presenting his Budget speech shortly. Meanwhile the Indian stock markets opened marginally in the red. Fertilizers, Seeds and Paper stocks are in the green considering the budget will give some thrust to agriculture.
Minister of Finance Chidambaram and Minister of State for Finance entered into the Parliament just few minutes ago. The Finance Minister will be presenting the Indian Union Budget at about 11:00 AM
Banking stocks are in the red. Bank Nifty is down 1.28% CNX IT is marginally up at 0.09%
Auto, Bank, Consumer Durables, Health Care, IT, Metal, Oil & Gas, Power sectoral indices on the BSE are in the red. Consumer Goods, FMCG, PSU and Realty sectoral indices are in the green. Chambal Fertilizers, RCF, Zuari, Aries Agro, Kaveri Seeds and Tamilnadu Newsprint are buzzing with over 3-4% upside just few minutes after openeing.
February 29th, 2008
The derivative contracts in the underlying NAGARFERT have crossed 95% of the market-wide position limit on November 07, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of NAGARFERT by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.
November 7th, 2007
The derivative contracts in the underlying JPHYDRO & IFCI have crossed 95% of the market-wide position limit on Oct 30, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of JPHYDRO & IFCI by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.
October 30th, 2007
The derivative contracts in the underlying IFCI have crossed 95% of the market-wide position limit on October 03, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of IFCI by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.
October 3rd, 2007
The media had reports that Reliance Industries Ltd may acquire Nagarjuna Fertiliser & Chemicals Ltd.
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.
Nagarjuna Fertiliser & Chemicals Ltd. has vide its letter inter-alia stated,” There is no truth in the news item and the Promoters of the Company have no intention of dis-investing their shareholding in the Company and accordingly the question of ‘buyout’ does not arise.”
August 17th, 2007