Atlanta Ltd hits the buyer freeze keeping rest to all the Speculations: Silverlines Technologies Ltd is still going strong: Phoenix International Ltd recommended to the Premium Group is up more than 10%. The company's parent is Focus Energy Ltd, which is into oil and gas sector (http://www.focusenergy.co.in/). Some more scintillating news is coming in the counter. Phoeninx International Ltd has already given a breakout on the Elliot Wave Charts:Keep watch on Conart Engineers Ltd, some news might come out!!!!????:
Market pares gains:
The market pared gains in early afternoon trade as European markets opened on a subdued note. The latest data showed inflation remained low.
The market had extended early gains as buying demand intensified for index pivotals following a healthy rollover of derivatives positions from September 2007 contracts to October 2007 contracts. Both the niche indices – BSE Sensex and S&P CNX Nifty struck fresh all time highs in early afternoon trade. The rally has now entered ninth day, boosted by step-up of FII inflows. Asian markets were mixed. US markets closed steady overnight. The S&P CNX Nifty was up 25.85 points or 0.52% to 5,026.40. It struck an all time high of 5055.80 today.
The wholesale price index rose 3.23% in the 12 months to 15 September 2007, lower than previous week's 3.32%, due to a fall in some food prices, government data released at about 12:00 IST today showed.
The market breadth was positive on BSE with 1396 shares advancing as compared to 1138 that declined. 484 remained unchanged
The BSE Mid-Cap index was up 0.7% to 7,383.20. The BSE Small-Cap index rose 0.6% to 9,100.95. Both these indices underperformed the Sensex.
Sectoral indices were mixed. BSE Auto index (down 0.42% to 5,248.72), BSE IT Index (down 0.83% at 4,605), BSE Oil & Gas ( down 0.35% to 9,605) and BSE Teck index (down 0.2% to 3,777), were in the red.
Among the 30-member Sensex pack, 21 advanced while the rest declined.
BSE Metal index rallied for the second day straight as it was the top gainer amongst the sectoral indices on BSE. Jindal Steel (up 3.94% to Rs 5299.95), Hindalco (up 3.47% to Rs 169.80), Sail (up 3.18% to Rs 207.80) edged higher.
World’s sixth largest steel manufacturer Tata Steel surged 8.48% to Rs 862. It hit a 52-week high of Rs 868.10 on BSE today. It was the top gainer from Sensex pack as well as the metal stocks. The stock was boosted after Mr Ratan Tata, Tata Group Chairman at the UK - India conference Said that the group expects to earn nearly 60% of its revenue this year (38% last year) from its overseas operations following the acquisition of Corus Steel in UK.
India’s second largest power utility company in terms of revenue Reliance Energy (REL) surged 5.53% to Rs 1179. It hit an all time high of Rs 1192.50 on BSE. As per reports REL is believed to be restructuring its businesses under three verticals — utility, infrastructure and real estate.
State Bank of India (up 2.6% to Rs 1935) and Reliance Communication (up 2.71% to Rs 598.50), were the other gainers from the Sensex pack.
India’s largest company in terms of market capitalisation and operator of world's third largest refinery at Jamnagar, Gujarat, Reliance Industries (RIL) slipped from day’s high of Rs 2349. It was now up by just 0.2% at Rs 2324.90. RIL is reportedly laying off 1,000 staff in the country's most populous state of Uttar Pradesh after failed attempts to reopen Western-style supermarkets, which closed after protests from small traders.
Bajaj Auto, the country’s second largest bike manufacturer in terms of sales lost 1.11% to Rs 2499.95. It was the top loser from Sensex pack.
Infosys (down 0.3% to Rs 1906), TCS (down 0.25% to Rs 1059) and Mahindra & Mahindra (down 1.03% to Rs 744.50), were the other losers from Sensex pack
Among side counters, Whirlpool India (up 20% to Rs 47.10), Braddy & Morris (up 20% to Rs 191.20), Prmanent Magnet (up20% to Rs 28.25), Pioneer Embroidaries (up 20% to Rs 149.80) surged.
IFCI soared 6.57% to Rs 98.90 on reports that it has shortlisted eight bidders for the sale of its 26% stake including consortia led by Wilbur L Ross and Shinsei Bank. As many as 10 bidders had applied earlier this month. The identity of the bidders that have been left out of the race is not known.
Financial Technologies India rose 4.6% to Rs 2722 after Merrill Lynch and Citigroup acquired a 5 % stake each in its unit, Multi Commodity Exchange of India
ICICI Bank had gained 1.58% to Rs 1045.50 after it raised $2 billion through a bond issue abroad.
Wipro rose 1.01% to Rs 465 after it acquired Oki Techno Centre (Singapore).
Virat Crane Industries was locked at upper limit of 10% at Rs 21.85 at 10:59 IST on BSE after it said its subsidiary has tied-up with Walmart to supply branded ghee to retail stores.
Hinduja TMT rose 2.52% to Rs 441 after company said it is actively considering to apply for unified telecom license.
Centurion Bank of Punjab moved up 5.54% to Rs 45.70 after Reserve Bank of India allowed foreign investors to buy further shares in the bank as their holding went below the caution limit.
Brady & Morris Engineering Company hit 20% upper circuit at Rs 191.20 at 10:09 IST after its board approved issue of one bonus share for every two shares held in the company.
Emmsons International surged 18.07% to Rs 65 on BSE, after it announced on Thursday, 27 September 2007, it has signed a memorandum of understanding with a Dubai based company for coal mining operation in Indonesia.
WH Brady & Company jumped 10% to Rs 159.70 after is board of directors at its meeting held on 27 September 2007 decided to issue bonus shares in the ratio of 1 bonus share for every 2 shares held. The company made this announcement after market hours on 27 September 2007.
As per market data, marketwide rollover from September 2007 derivatives contracts to October 2007 contracts was 84% as compared to rollover of 82.30% from August 2007 contracts to September 2007 contracts. Nifty rollover from stood at 71% as compared to rollover of 70% from August 2007 contracts to September 2007 contracts.
Asian markers were trading mixed today, 28 September 2007. Singapore's Straits Times (down 0.11% at 3,710), Japan's Nikkei (down 0.28% at 16,785) and Taiwan's Taiwan Weighted (down 0.02% at 9,411.95) slipped. Whereas,South Korea's Seoul Composite (up 0.06% at 1,946), and Hong Kong's Hang Seng (up 0.36% to 27,162) rose.
European markets, France’s CAC (down 0.26% to 5,718), Germany’s DAX (down 0.01% to 7,851) and UK’s FTSE 100 (down 0.22% to 6,472) edged lower.
US stocks extended their gains yesterday, 27 September 2007 with a moderate advance as investors weighed fresh economic data, including a sharp drop in new home sales, for clues to whether more interest rate cuts are in the offing. The Dow Jones industrial average rose 34.79 points, or 0.25%, to 13,912.94. It is now 87 points below its record close of 14,000.41 set on 19 July 2007. Broader indexes also advanced. The Standard & Poor's 500 index rose 5.96 points, or 0.39%, to 1,531.38, and the technology-heavy Nasdaq Composite index rose 10.56 points, or 0.39%, to 2,709.59.
As per provisional data, foreign institutional investors (FIIs) purchased shares worth a net Rs 2226.85 crore, while domestic institutional investors (DIIs) were net sellers of shares worth Rs 311.42 crore on Thursday, 27 September 2007.
Crude oil extended gains for a third day on Friday, 28 September 2007 to above $83 a barrel, nearing its record high as a weak dollar and pre-winter supply worries fuelled fund buying. US crude for November delivery rose 30 cents to $83.18 a barrel Oil is recovering from a profit-taking dip earlier this week that pulled prices off their $83.90 peak. London Brent crude rose 30 cents to $80.33 a barrel.
From a recent low of 13,989.11 on 21 August 2007, Sensex surged 3,161.45 points or 22.59% in 27 trading sessions to 17,150.56 on 27 September 2007. FII buying boosted the bourses in this period.
The NSE F&O turnover was a record Rs 86,226.41 crore yesterday, 27 September 2007 as compared to Rs 78,536.17 crore on Wednesday, 26 September 2007.
Market pares gains
The market pared gains in early afternoon trade as European markets opened on a subdued note. The latest data showed inflation remained low.
The market had extended early gains as buying demand intensified for index pivotals following a healthy rollover of derivatives positions from September 2007 contracts to October 2007 contracts. Both the niche indices – BSE Sensex and S&P CNX Nifty struck fresh all time highs in early afternoon trade. The rally has now entered ninth day, boosted by step-up of FII inflows. Asian markets were mixed. US markets closed steady overnight. The S&P CNX Nifty was up 25.85 points or 0.52% to 5,026.40. It struck an all time high of 5055.80 today.
The wholesale price index rose 3.23% in the 12 months to 15 September 2007, lower than previous week's 3.32%, due to a fall in some food prices, government data released at about 12:00 IST today showed.
The market breadth was positive on BSE with 1396 shares advancing as compared to 1138 that declined. 484 remained unchanged
The BSE Mid-Cap index was up 0.7% to 7,383.20. The BSE Small-Cap index rose 0.6% to 9,100.95. Both these indices underperformed the Sensex.
Sectoral indices were mixed. BSE Auto index (down 0.42% to 5,248.72), BSE IT Index (down 0.83% at 4,605), BSE Oil & Gas ( down 0.35% to 9,605) and BSE Teck index (down 0.2% to 3,777), were in the red.
Among the 30-member Sensex pack, 21 advanced while the rest declined.
BSE Metal index rallied for the second day straight as it was the top gainer amongst the sectoral indices on BSE. Jindal Steel (up 3.94% to Rs 5299.95), Hindalco (up 3.47% to Rs 169.80), Sail (up 3.18% to Rs 207.80) edged higher.
World’s sixth largest steel manufacturer Tata Steel surged 8.48% to Rs 862. It hit a 52-week high of Rs 868.10 on BSE today. It was the top gainer from Sensex pack as well as the metal stocks. The stock was boosted after Mr Ratan Tata, Tata Group Chairman at the UK - India conference Said that the group expects to earn nearly 60% of its revenue this year (38% last year) from its overseas operations following the acquisition of Corus Steel in UK.
India’s second largest power utility company in terms of revenue Reliance Energy (REL) surged 5.53% to Rs 1179. It hit an all time high of Rs 1192.50 on BSE. As per reports REL is believed to be restructuring its businesses under three verticals — utility, infrastructure and real estate.
State Bank of India (up 2.6% to Rs 1935) and Reliance Communication (up 2.71% to Rs 598.50), were the other gainers from the Sensex pack.
India’s largest company in terms of market capitalisation and operator of world's third largest refinery at Jamnagar, Gujarat, Reliance Industries (RIL) slipped from day’s high of Rs 2349. It was now up by just 0.2% at Rs 2324.90. RIL is reportedly laying off 1,000 staff in the country's most populous state of Uttar Pradesh after failed attempts to reopen Western-style supermarkets, which closed after protests from small traders.
Bajaj Auto, the country’s second largest bike manufacturer in terms of sales lost 1.11% to Rs 2499.95. It was the top loser from Sensex pack.
Infosys (down 0.3% to Rs 1906), TCS (down 0.25% to Rs 1059) and Mahindra & Mahindra (down 1.03% to Rs 744.50), were the other losers from Sensex pack
Among side counters, Whirlpool India (up 20% to Rs 47.10), Braddy & Morris (up 20% to Rs 191.20), Prmanent Magnet (up20% to Rs 28.25), Pioneer Embroidaries (up 20% to Rs 149.80) surged.
IFCI soared 6.57% to Rs 98.90 on reports that it has shortlisted eight bidders for the sale of its 26% stake including consortia led by Wilbur L Ross and Shinsei Bank. As many as 10 bidders had applied earlier this month. The identity of the bidders that have been left out of the race is not known.
Financial Technologies India rose 4.6% to Rs 2722 after Merrill Lynch and Citigroup acquired a 5 % stake each in its unit, Multi Commodity Exchange of India
ICICI Bank had gained 1.58% to Rs 1045.50 after it raised $2 billion through a bond issue abroad.
Wipro rose 1.01% to Rs 465 after it acquired Oki Techno Centre (Singapore).
Virat Crane Industries was locked at upper limit of 10% at Rs 21.85 at 10:59 IST on BSE after it said its subsidiary has tied-up with Walmart to supply branded ghee to retail stores.
Hinduja TMT rose 2.52% to Rs 441 after company said it is actively considering to apply for unified telecom license.
Centurion Bank of Punjab moved up 5.54% to Rs 45.70 after Reserve Bank of India allowed foreign investors to buy further shares in the bank as their holding went below the caution limit.
Brady & Morris Engineering Company hit 20% upper circuit at Rs 191.20 at 10:09 IST after its board approved issue of one bonus share for every two shares held in the company.
Emmsons International surged 18.07% to Rs 65 on BSE, after it announced on Thursday, 27 September 2007, it has signed a memorandum of understanding with a Dubai based company for coal mining operation in Indonesia.
WH Brady & Company jumped 10% to Rs 159.70 after is board of directors at its meeting held on 27 September 2007 decided to issue bonus shares in the ratio of 1 bonus share for every 2 shares held. The company made this announcement after market hours on 27 September 2007.
As per market data, marketwide rollover from September 2007 derivatives contracts to October 2007 contracts was 84% as compared to rollover of 82.30% from August 2007 contracts to September 2007 contracts. Nifty rollover from stood at 71% as compared to rollover of 70% from August 2007 contracts to September 2007 contracts.
Asian markers were trading mixed today, 28 September 2007. Singapore's Straits Times (down 0.11% at 3,710), Japan's Nikkei (down 0.28% at 16,785) and Taiwan's Taiwan Weighted (down 0.02% at 9,411.95) slipped. Whereas,South Korea's Seoul Composite (up 0.06% at 1,946), and Hong Kong's Hang Seng (up 0.36% to 27,162) rose.
European markets, France’s CAC (down 0.26% to 5,718), Germany’s DAX (down 0.01% to 7,851) and UK’s FTSE 100 (down 0.22% to 6,472) edged lower.
US stocks extended their gains yesterday, 27 September 2007 with a moderate advance as investors weighed fresh economic data, including a sharp drop in new home sales, for clues to whether more interest rate cuts are in the offing. The Dow Jones industrial average rose 34.79 points, or 0.25%, to 13,912.94. It is now 87 points below its record close of 14,000.41 set on 19 July 2007. Broader indexes also advanced. The Standard & Poor's 500 index rose 5.96 points, or 0.39%, to 1,531.38, and the technology-heavy Nasdaq Composite index rose 10.56 points, or 0.39%, to 2,709.59.
As per provisional data, foreign institutional investors (FIIs) purchased shares worth a net Rs 2226.85 crore, while domestic institutional investors (DIIs) were net sellers of shares worth Rs 311.42 crore on Thursday, 27 September 2007.
Crude oil extended gains for a third day on Friday, 28 September 2007 to above $83 a barrel, nearing its record high as a weak dollar and pre-winter supply worries fuelled fund buying. US crude for November delivery rose 30 cents to $83.18 a barrel Oil is recovering from a profit-taking dip earlier this week that pulled prices off their $83.90 peak. London Brent crude rose 30 cents to $80.33 a barrel.
From a recent low of 13,989.11 on 21 August 2007, Sensex surged 3,161.45 points or 22.59% in 27 trading sessions to 17,150.56 on 27 September 2007. FII buying boosted the bourses in this period.
The NSE F&O turnover was a record Rs 86,226.41 crore yesterday, 27 September 2007 as compared to Rs 78,536.17 crore on Wednesday, 26 September 2007.
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