Skip to main content

Market Info

Equities likely to remain volatile (The Economic Times 1st Feb 2008)Equities are likely to remain choppy on Friday. While US market stocks gained after bond insurer MBIA announced that it expects to retain its credit ratings, Asian markets were trading mixed. The Dow surged 207.53 points, or 1.67 per cent, to 12,650.36 and the Nasdaq Composite Index advnced 40.86 points, or 1.74 per cent to settle at 2,389.86. Japanese stocks fell after earlier gains on Friday, after Sony Corp cut its earnings outlook, pulling down the stock over 6 per cent. Japan’s Nikkei Average was down 0.62 per cent at 13,507, China’s Shanghai Composite was down 0.23 per cent at 4,373. Hong Kong’s Hang Seng was up 1.11 per cent at 23,716.37, Taiwan Weighted was up 1.78 per cent at 133.90 and South Korea’s Seoul Composite was up 0.25 per cent at 1,628.79. More
Rally on Wall St, Dow up over 200pts (Business Standard 1st Feb 2008)Both the major Wall Street indices rallied on Thursday. While the Dow gained over 200 points, the Nasdaq Composite was up over 40 points.Infosys moved up nearly 4% to $41.40. Wipro and Tata Motors also finished with gains, but Satyam, ICICI Bank and Genpact declined. More
Indicators reveal markets set for challenging times (The Economic Times 1st Feb 2008)Bears seem to be moving in for the kill, if key numbers in the futures and options (F&O) market are any indication. The settlement day of the January series of derivative contracts saw traders acting in panic, leading to mis-pricing of many options contracts during the day. For instance, both the 5100 call option and the 5300 put option are quoted for most part of the day below their intrinsic value, providing mouth-watering opportunities for arbitrageurs. And other indicators reveal that the market is set for extremely challenging times in the immediate future. The Nifty index swung in a range of 200 points, before ending the day 30 points lower than Wednesday’s close. However, all eyes were on Nifty futures contracts expiring in February. These futures, which had seen low rollovers until Wednesday, added more than 1 crore shares in open interest to end the day at a huge discount of 53.85 points to the spot index. More
Labels:

Comments

Post a Comment

Popular posts from this blog

RBS picks up 0.60% stake in Gateway Distriparks

The Royal Bank of Scotland (RBS) has picked up 0.60% stake in logistic services provider -- Gateway Distriparks. The bank has bought 6.40 lakh shares in the company for a total consideration of Rs 8.32 crore. Gateway Distriparks, incorporated in 1994, is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
Post a Comment
Read more

Day End Report

The Sensex opened with a huge downward gap of 250 points at 13,856, and soon touched a low of 13,731. Another rise in repo rate and Cash Reserve Ratio by the RBI sparked off heavy sell-off in opening trades. However, fresh buying at lower levels helped the index recover all its losses by mid noon trades. A fresh round of buying in late trades saw the index surge to a high of 14,249 - up 518 points from the days low. The Sensex finally settled with a gain of 113 points at 14,220. The NSE Nifty ended with a gain of 60 points at 4,251. The market breadth was marginally positive- out of 2707 stocks traded, 1,370 advanced, 1,264 declined and 73 were unchanged today. Reliance Communications (RCom) zoomed 7.2% at Rs 509. Tata Steel surged 4.5% at Rs 743. DLF and Reliance Infra gained 4.2% each at Rs 458 and Rs 945, respectively. TCS and Bharti Airtel advanced 4% each at Rs 877 and Rs 780, respectively. Ranbaxy was up 3.8% at Rs 545. BHEL gained 3.7% at Rs 1,442. Reliance advanced 3.4% to Rs 2...
Post a Comment
Read more

Auto industry records highest-ever sales in Jan

Riding on the back of economic growth, easy availability of finance and the continuing fiscal stimulus, the domestic auto industry has posted the highest ever monthly sales in January. The strong growth is both in terms of passenger car volumes and the total vehicle sales. According to Society of Automobile Manufacturers (SIAM) data, the passenger car segment has posted a 32 per cent growth in domestic sales at 145,905 units in January, over the same month last year. The last highest-ever monthly sales in the segment were in March 2009, when it sold 129,358 units. Meanwhile, overall sales across the industry grew 45 per cent at 1,114,157 units. The earlier record of highest ever monthly sales was in October 2006, when the industry had sold 1,017,198 units. Individually, the umbrella passenger vehicle segment posted a 37 per cent growth, while the commercial vehicle (CV) segment grew 131 per cent. Also, the two-wheeler and three-wheeler segments rose 43 and 47 per cent, respectively.
Post a Comment
Read more