There was lot of action in the stock markets yesterday with a volatile swing on selling and buying activities and the sensex closed with a moderate gain of 13 points.
There was buying in Capital Goods stocks.
BHEL extended its gain for the second consecutive day.
Oil company stocks also rose for the second day.
Banking stocks ended lower and other Indices closed flat or lower.
The rupee shed 0.6 paise against the Dollar.
The crude settled at $68/bbl.
The markets are expected to remain volatile in the next few days ahead of the expiry of Futures & Derivatives contract for the current month.
Wednesday, June 27, 2007
Tuesday, June 26, 2007
Market update:
The markets closed on a positive note on monday at 14,487 with a gain of 20 points over the previous close on the back of roll over of derivatives position, amid weak Global cues.
The markets were pushed up by index weight scrips like ONGC & BHARTI AIRTEL. There was also support from Capital goods heavy weights L&T & BHEL.
Oil stocks were on the limelight and closed higher.
BEML's FPO price was fixed at 1020-1090. Midcap stocks ended higher and the midcap index closed at a new high.
Banking and technology stocks however closed on a negative territory.
The rupee came under pressure and closed as 40.88 to a Dollar due to monthend purchase by the importers and the oil marketing companies.
The crude was traded around $68/bbl.
The markets closed on a positive note on monday at 14,487 with a gain of 20 points over the previous close on the back of roll over of derivatives position, amid weak Global cues.
The markets were pushed up by index weight scrips like ONGC & BHARTI AIRTEL. There was also support from Capital goods heavy weights L&T & BHEL.
Oil stocks were on the limelight and closed higher.
BEML's FPO price was fixed at 1020-1090. Midcap stocks ended higher and the midcap index closed at a new high.
Banking and technology stocks however closed on a negative territory.
The rupee came under pressure and closed as 40.88 to a Dollar due to monthend purchase by the importers and the oil marketing companies.
The crude was traded around $68/bbl.
Thursday, June 21, 2007
Sivaji - cool or fool ?
Had a chance to watch this movie with about 20 colleagues in Urvashi Theatre (Bangalore) - and like everyone, with high expectations.
Pluses: Rajni, Rajni and Rajni
Minuses: rest all........ (except Music and art)
I feel that -
a) the flow of scenes are not good,
b) some of the scenes are unbelievably exaggerated,
c) Rajni has not done certain scenes well which he could have done better,
d) Shankar's punch is present only on scenes referred in point b above
One good news for Rajni fans about this movis is that his styles are awesome and available throughout the movie which entertains everyone....
He uses the word 'Cooool' very often in the movie, but for those who are ditched, it sounds like 'Fooool' :-)
Had a chance to watch this movie with about 20 colleagues in Urvashi Theatre (Bangalore) - and like everyone, with high expectations.
Pluses: Rajni, Rajni and Rajni
Minuses: rest all........ (except Music and art)
I feel that -
a) the flow of scenes are not good,
b) some of the scenes are unbelievably exaggerated,
c) Rajni has not done certain scenes well which he could have done better,
d) Shankar's punch is present only on scenes referred in point b above
One good news for Rajni fans about this movis is that his styles are awesome and available throughout the movie which entertains everyone....
He uses the word 'Cooool' very often in the movie, but for those who are ditched, it sounds like 'Fooool' :-)
Tuesday, June 19, 2007
The market opened higher and hit an Intra day high of 14283 mirroring a firm trend in Asian markets.
Nevertheless, the market dropped 83 points at the close and ended at 14080.34 on concerns that FII may pare their holdings following a circular from CBDT differentiating between trading and investment stocks for taxation purpose.
All the Indices closed negative except bankex.
The rupee surged ahead and closed as 40.78 /$
Additional News: The IPO of ICICI Bank opens today with a price band of Rs.885-950.
Nevertheless, the market dropped 83 points at the close and ended at 14080.34 on concerns that FII may pare their holdings following a circular from CBDT differentiating between trading and investment stocks for taxation purpose.
All the Indices closed negative except bankex.
The rupee surged ahead and closed as 40.78 /$
Additional News: The IPO of ICICI Bank opens today with a price band of Rs.885-950.
Friday, June 15, 2007
Subject: ESPN acquires Cricinfo effective from June 8, 2007
The Wisden Group has agreed to sell Cricinfo to ESPN, one of the world's leading multimedia providers of sports content and entertainment.
Cricinfo and ESPN have worked together for a number of years so there is an existing relationship between the two businesses.
They are delighted to be acquiring Cricinfo, as their existing, highly regarded online sports portfolio does not include a dedicated cricket site.
Cricinfo has developed and flourished over the last three or four years and we are a strong and successful business.
The Wisden Group board has decided to sell now because they believe that Cricinfo will flourish in an environment dedicated to sports broadcasting and entertainment.
Also that Cricinfo can be an important element of ESPN's international development and sees fantastic benefits for Cricinfo in terms of content as well as in terms of expertise and experience in our core business.
ESPN is a multinational business with offices around the world, but for the immediate future Cricinfo offices will continue to operate normally and there will be no changes to the day-to-day running of the business.
The Wisden Group has agreed to sell Cricinfo to ESPN, one of the world's leading multimedia providers of sports content and entertainment.
Cricinfo and ESPN have worked together for a number of years so there is an existing relationship between the two businesses.
They are delighted to be acquiring Cricinfo, as their existing, highly regarded online sports portfolio does not include a dedicated cricket site.
Cricinfo has developed and flourished over the last three or four years and we are a strong and successful business.
The Wisden Group board has decided to sell now because they believe that Cricinfo will flourish in an environment dedicated to sports broadcasting and entertainment.
Also that Cricinfo can be an important element of ESPN's international development and sees fantastic benefits for Cricinfo in terms of content as well as in terms of expertise and experience in our core business.
ESPN is a multinational business with offices around the world, but for the immediate future Cricinfo offices will continue to operate normally and there will be no changes to the day-to-day running of the business.
Launch of NFO "Reliance Equity Advantage Fund- An open-ended Diversified Equity Scheme "
NFO dates
Opens on: 12th June 07
Closes on: 10th July 07A brief on the product...
Sector weightage of Reliance Equity Advantage Fund will mirror exactly that of Nifty on a
Monthly basis.
80% of stocks within each sector will be constituents of Nifty, though not necessarily with their Nifty weights
20% of stocks can be non-Nifty in each sector to provide the additional Alpha possibilities and opportunities
Flexibility of going short exists, but on a net basis sector weightages will be maintained in line with Nifty
NFO dates
Opens on: 12th June 07
Closes on: 10th July 07A brief on the product...
Sector weightage of Reliance Equity Advantage Fund will mirror exactly that of Nifty on a
Monthly basis.
80% of stocks within each sector will be constituents of Nifty, though not necessarily with their Nifty weights
20% of stocks can be non-Nifty in each sector to provide the additional Alpha possibilities and opportunities
Flexibility of going short exists, but on a net basis sector weightages will be maintained in line with Nifty
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