20 Microns, a pioneer and leader in the micronised minerals and trend setter in the market for usage of ultrafine minerals for the Paints & Plastic Industries, will open for subscrption today with a public issue of 43,50,632 Equity shares of Rs 10 each through 100% book building process....

Daryl Guppy, Founder and Director of guppytraders.com sees extreme downtrend in crude oil in place. He feels that Nifty can test 5000 and then slide back to 4100 and potentially 3700. According to him, we are still in a bear market rally mode....

Abhijit Chakraborty of Edelweiss Capital feels that in the short term the market could go up to 16000 levels. He believes that the macro environment is changing fast. Inflation and interest rates have peaked out. Moreover, crude prices have also been factored in by the markets.
...

Aban Offshore Ltd has informed BSE that a Contract has been signed for the deployment of the new build jack-up rig Deep Driller 7 offshore Thailand, for a firm period of 3 months, extendable up to 6 months. The estimated revenue from the contract is USD 18 million (equivalent to INR 79.20 Crores) for the firm period. The rig is likely to start mobilizing to the location during the second week of September, 2008....

Sterlite Industries India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 09, 2008, to consider proposal for restructuring of the businesses of the Company....

Glenmark Pharmaceuticals Ltd. has informed the Exchange that the Board of Directors of the Company, at its Operation Committee Meeting held on September 5, 2008 alloted 6,300 shares to the employees of the company on exercise of options granted to them pursuant to ESOS 2003....

Quantum Trustee Company Private Limited has informed the Exchange that the NAV per unit of "Quantum Index Fund" as on September 05, 2008 is Rs. 436.9962....

Long term bullishness can be seen. Short lived are commodity run now. ...

Bad days for commodity investors now on the way. Crude following US financial market stability & post nuke deal would be on the way of correction. Immediate put for Crude is USD 94 per barrel. Bear has striked crude & commodity space & could get deeper....

almost global worrest news come down so over market will bust above 5000level next 2 or three weeks....

US govt taking control over Fannie & Freddie mac is really positive sign as far as US financial markets are concerned. Things will look much better from hereon....

If Not 5000 but at least 4850 is on the cards ....

I am of the opinion we must switch to Biocon cum bonus or Wockhard at 200 . One thing is certain if you invest in Pharma sector you want earn hefty profit but in worst scenario you will not loose much money also. My observation is same for Mutual Funds in Pharma sector. Pl give your opinion. Regards, Manher...

High above the hills...