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

Jyoti Structures bags Rs 253 cr worth orders

Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.
Post a Comment
Read more

Day End Report

The Sensex opened with a positive gap of 317 points at 9,362, on the back of on-going pull-back in the market. Intra-day profit taking saw the index pare gains during the day, the Sensex however ended on a firm note at 9,788 - up 744 points With today's gain, the main index of the Bombay Stock Exchange, the Sensex, gained over 27% (2,091 points) from it's Monday low of 7,697. However, the index was down almost 24% (3,072 points) for the month, and down nearly 52% (10,499 points) so far this year. The BSE Metal index surged over 10% to 5,368, and Oil & Gas index soared over 9% to 6,196.   The market breath was fairly positve - out of 2,575 stocks traded, 1,577 advanced, 915 declined and the rest were unchanged today. Mahindra & Mahindra zoomed 23% to Rs 372. HDFC soared 17.5% to Rs 1,765, and Jaiprakash Associates surged 16.5% to Rs 72. ICICI Bank rallied 15.5% to Rs 399. Sterlite gained 14.5% at Rs 282. Reliance and Reliance Communications moved up 13.8% each to Rs 1,37...
Post a Comment
Read more

Market ends quiet on the first day

Market Closing Report - Source Moneycontrol.com Sensex closed up 13.72 points or 0.07% at 20300.71, and the Nifty up 5.75 points or 0.09% at 6144.35. About 2418 shares have advanced, 651 shares declined, and 36 shares are unchanged. The BSE Bankex was up 1% at 11,510.31. IOB, Allahabad Bank, Centurion Bank, Andhra Bank, Karnataka Bank closed in green. The BSE Capital Goods Index closed flat at 19,747.80. Greaves Cotton, Kirloskar Oil, Astra Microwave, Reliance Infra closed higher. The BSE Auto Index closed at 5,716.49 up 1%. Hind Motors, Apollo Tyres, Exide Industrie, Bharat Forge, Tata Motors closed higher. The BSE Metal Index closed at 20,061.49 up 0.2%. Mah Seamless, JindalStainless, Jindal Saw, SAIL, Jindal Steel closed higher The BSE FMCG Index closed up 2.4% at 2,375.07. ITC, Marico, Tata Tea, Dabur India, HUL, Godrej Consumer ended higher BSE Oil and Gas Index closed at 13,280.88 down 0.2%. Essar Oil, Petronet LNG, Reliance Petro, ONGC ended higher. The BSE IT Index was at 4,471...
Post a Comment
Read more