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The Nifty September futures ended at a marginal premium of four points at 4,364 as against the spot Nifty of 4,360 (up 146 points). The counter recorded trades of over six lakh contracts today and the open interest (OI) increased by 1.21 crore shares to 3.34 crore shares.
CALL ACTION
The Nifty September 4,400 and 4,500 calls were the most active counters with trades of around 84,700 and 76,700, contracts, respectively. The 4,400 call added 7.65 lakh shares in open interest to 20.66 lakh shares, and the 4,500 call open interest rose by 8.45 lakh shares to 18.95 lakh shares.
The 4,300 and 4,600 calls saw trades of around 64,500 and 40,230, contracts, respectively. The open interest for the 4,300 call rose by 8.93 lakh shares to 18.66 lakh shares, and the 4,600 call saw net addition of 4.71 lakh shares to its open interest of 14.54 lakh shares.
PUT ACTION
The Nifty September 4,300 put was the most active counter with trades of over one lakh contracts, and the open interest surged by over 17 lakh shares to over 33 lakh shares. It was followed by the 4,200 put with trades of over 75,000 contracts, and the open interest increased by 24.49 lakh shares to 37.68 lakh shares.
The 4,000 and 4,100 puts saw trades of around 29,280 and 23,300 contracts, respectively. The 4,000 put open interest was up by six lakh shares to 29.52 lakh shares, and the 4,100 put open interest increased by 5.66 lakh shares to 14.92 lakh shares.
courtesy BS-...
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you see the homepage after which you will not talk like a fool...
In reply to:
bounce back tommorow
Posted by :
Guest
marketbear - You are like another joetom. You have proved consistently wrong. Why do you want to fool people ?
Tracked by: 0 Boarder
Foreign institutional investors (FIIs) were net sellers of Rs 364.61 crore (provisional) today, according to data released by BSE.
While FIIs made gross purchases of Rs 2,598.50 crore, gross sales totalled Rs 2,963.11 crore.
Domestic institutional investors (DIIs) were net buyers of Rs 281.07 crore today. While DIIs made gross purchases of Rs 975.75 crore, gross sales totalled Rs 694.68 crore.
FIIs were net buyers of Rs 143.80 crore on Thursday, August 28, according to data released by Sebi today. While FIIs made gross purchases of Rs 3,403.30 crore, gross sales totalled Rs 3,259.50 crore.
Mutual funds (MFs) were net buyers of Rs 58.60 crore on Thursday. MFs made purchases of Rs 658.40 crore and sales of Rs 717 crore.
...
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thanks, today was only day of bulls...
In reply to:
bounce back tommorow
Posted by : pkjattking
Hey lOOk up 500 point..... man you are even better than Mr Udayan....lol....ok ..... dow heading to 12300....... may b 15000 bi election time in NOV..... They gOOta get this thing moving.........
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what proved wrong. Only fool people become double fool like you.
So many people are congratulating me and so I need not care fools like you who have no identity rather than guest....
In reply to:
bounce back tommorow
Posted by : Guest
marketbear - You are like another joetom. You have proved consistently wrong. Why do you want to fool people ?
High interest rates pulling down property prices
Banking & Financial Services - Sector
Posted by : zoombusinessTracked by: 0 Boarder
Residential sector in India has witnessed a slowdown following a spurt in property prices and spiralling interest rates on home loans by about five per cent in last four years, an ASSOCHAM study said.
"With the repricing of interest rates in the last four years from 7 per cent to 12 per cent and the sky rocketing prices of the property, there has been a slowdown in the residential property market," it said in a paper on Realty Check.
Expressing concern over increasing role of speculators in the real estate sector, ASSOCHAM said: "It is necessary to check the flow of speculative money."
Commenting on the home loan GDP ratio, ASSOCHAM said this ratio is stagnated between five to six per cent in the country as 90 per cent Indian borrowers are first timers, while in the US and UK the ratio was as high as 50 per cent.
High interest rates coupled with soaring property prices have only impacted the affordability of buyers, demand, however, continues to persist and would become stronger and more intense in near future, ASSOCHAM President Sajjan Jindal said.
India has a shortage of about 19.4 million housing units of which 6.7 million is estimated for urban India. It is estimated that additional 45 million units would be required for both rural and urban areas by 2012, it said.
"All these estimates work out to make a strong case for higher home loan GDP ratio so that India and its population is able to keep a pace for meeting the demand for housing units," Jindal said.
The study said the share of housing loans in total personal loans have increased from 37.2 per cent in 2001-02 to over 51 per cent in 2006-07. Home loans constituted 54 per cent in the total household credit in the year ended March, 2007. ...
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Dear RN,
I get the following message when I try to search for you uploaded file.
No folder(s) found for radhika.zip on eSnips
eSnips Oasis Results
radhika.zip Oasis
Visit the radhika.zip Oasis!
eSnips Oasis
Samona...
In reply to:
WILL NIFTY HIT 3600
Posted by : radhika_nandlal
Samona,
File uploaded as radhika.zip
Sarvam Krsnarpanam (i dont take credit or debit for anything, my god does)
About calm before the storm no clue, my excel has been nothign but beaish but markets are so resilient... its tough being a trader and making judgement.
Tracked by: 4 Boarders
As a trader I would like to know how strong are the chances of touching 340 is what i know.. coz a +10% rally from here , by no means a trivial one , can be ignored[am I right??@@!!]... Infact I will be happy if it can touch 320.. [Also I still remember u saying that markets can spring a surprise by goin up to 5200...but even here I will be happy if it can touch 4650..]
I have a strong feeling thst inflation may not go up from now on..
Time will tell whats there in the store for us.
Warm Regards...
In reply to:
Can Nifty sustain above 4600 this week?
Posted by :
inves_t_rader
Hdil is only a buy for a jump upto 340... max!
Construction and realty are still not a buy, i still see a correction in the markets,(Remember we still are not a cheap markets, we still are the costliest in the world right now)
Regards
Tracked by: 4 Boarders
Hdil is only a buy for a jump upto 340... max!
Construction and realty are still not a buy, i still see a correction in the markets,(Remember we still are not a cheap markets, we still are the costliest in the world right now)
Regards...
In reply to:
Can Nifty sustain above 4600 this week?
Posted by : Karthikn
Hi Yar,
Am fine..
any idea about HDIL....
Whats your view abt it
Regards
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Chidambaram says to induct strategic investor in UTI Mutual Fund
.
The government is looking for a strategic partner to invest in UTI
Mutual Fund, Finance Minister P. Chidambaram said today.
However, majority stake of the four promoters will not be diluted
following induction of the strategic partner, Chidambaram said after
addressing board members of the country\'s fourth largest mutual fund.
\"We are looking at ways to bring in a strategic investor without diluting
the majority holding of three banks and LIC (Life Insurance Corporation),\" he
said.
UTI Mutual Fund is feeling a little shackled and they want to compete
with other mutual funds, Chidambaram said while explaining the need to induct
a strategic partner.
UTI MF promoters are LIC, State Bank of India, Punjab National Bank and
Bank of Baroda.
\"Today, various options were considered. It was felt in pre-IPO--which is
already allowed by government and shareholders--we can look at strategic
investors instead of financial investor,\" said U.K. Sinha, chairman and
managing director of UTI Mutual Fund.
Sinha said the fund house had deferred its proposed IPO and therefore,
also its pre-IPO placement.
\"We had in our IPO\'s strategy, also a pre-IPO strategy, where we are
supposed to get 20% additional money from private placement,\" Sinha said.
Sinha declined to give any further details of the strategic partner.
\"Strategic partner means by nature it can provide synergy to our growth,
competitiveness. Going forward we have to decide who, what and how the
partner will be. I wish, I knew,\" Sinha said.
On the possibility of the kind of strategic partner, Sinha said it could
be a very big distributor or a very big investor in India from abroad or a
large group.
In January, UTI Mutual had sought Securities and Exchange Board of
India\'s approval for initial public offer, which was initially proposed to be
complete by March.
But the fund house had to put its IPO plans on hold due to turbulent
stock market conditions.
.
Chidambaram also addressed the board members of Specified Undertaking of
UTI today.
He reiterated that SUUTI will wind up its operations on Mar 31.
Chidambaram said SUUTI has already redeemed 210 bln rupees of funds as on
Mar 2007, and another 68 bln rupees under the US-64 scheme till now in the
current financial year.
Bonds worth 145 bln rupees were issued to US-64 investors, and also under
various assured returns scheme by erstwhile UTI.
The 6.75% tax free US-64 bonds worth 85 bln rupees were scheduled to
mature Jun 1, and another 60 bln rupees of 6.60% assured returns scheme bonds
will mature in April.
\"The residual assets (of SUUTI) will be transferred to the government on
Mar 31,\" Chidambaram said.
...
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The government today approved the draft of a new companies bill to incorporate far-reaching changes, including scrapping the minimum paid-up capital requirement and setting up special courts to try offences.
The Companies Bill (2008) mandates 33 per cent independent directors on the board of a company, which will have to follow SEBI norms if it gets listed, said Mr Kapil Sibal, Science and Technology Minister. The new bill to replace the existing Companies Act, 1956 will be introduced in the coming session of Parliament in October. – PTI
...
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India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) rebounded after declining for previous three days. The stock advanced 2.67% to Rs 2129 on 7.68 lakh shares. On 26 Tuesday, August 2008, RIL confirmed media reports that it is planning to transfer 80% of its participatory interest (PI) in the D6 oil and gas block in the Krishna Godavari (KG) basin to four unlisted subsidiaries.
Auto shares rose. Tata Motors (up 5.59% to Rs 441), Maruti Suzuki India (up 3.44% to Rs 651.85), Bajaj Auto (up 1.33% to Rs 588.45), Mahindra & Mahindra (M&M) (up 1.57% to Rs 576) and Hero Honda Motors (up 0.40% to Rs 825.05), rose. The BSE Auto index gained 2.30% to 4,001.23
DLF (up 4.13% to Rs 487.60), Ansal Infrastrcutures (up 3.41% to Rs 100), Sobha Developers (up 3.87% to Rs 266), Indiabulls Real Estate (up 11.97% to Rs 290) edged higher from the realty pack. The BSE Realty index rose 5.10% to 4,995.25
Tata Steel, the world\'s sixth-largest steel maker by capacity, gained 4.86% to Rs 599.60. The company said after trading hours yesterday, 28 August 2008, its consolidated net profit rose 60.4% to Rs 3900.90 crore in Q1 June 2008 over Q1 June 2007, boosted by its Anglo-Dutch unit Corus.
India\'s largest oil exploration firm Oil & Natural Gas Corporation rose 2.50% to Rs 1024.70. British oil and gas explorer Imperial Energy said on Tuesday, 26 August 2008, that its management has agreed to a takeover from ONGC worth 1.4 billion pounds ($ 2.6 billion).
IT pivotals climbed up on fresh buying. Infosys Technologies, the country’s second largest software services exporter advanced 2.92% to Rs 1749.50. The company said after trading hours on Monday, 25 August 2008, it has agreed to acquire UK based SAP consulting company Axon Group plc, for 407.1 million pounds or Rs 3310 crore. Axon reported profit after taxation of 20.2 million pounds (Rs 160 crore) on revenue of 204.5 million pounds or Rs 1660 crore in the year ended 31 December 2007.
India’s third largest software services exporter Wipro jumped 4.59% to Rs 433 on reports the company may buy a German competitor that advises companies running business software made by SAP AG.
Satyam Computer Services (up 3.33% to Rs 420) and TCS (up 2.44% to Rs 813) advanced. The BSE It index gained 2.94% to 3,966.75
Telecom stocks were in demand. India\'s top cellular services provider by market capitalisation Bharti Airtel advanced 4.50% to Rs 839.85. A massive block deal of 1.01 crore shares was struck on the counter at Rs 813.95 at 11:59 IST on BSE. It was the top traded counter on BSE with turnover of Rs 867.79 crore.
Reliance Capital (Rs 310 crore), ICICI Bank (Rs 171.10 crore), Reliance Industries (Rs 163.50 crore) and State Bank of India (Rs 161.30 crore), were the other turnover toppers on BSE.
Reliance Communications, the country’s second largest cellular services provider by market capitalisation jumped 2.61% to Rs 395.50.
Capital goods heavyweights rebounded after suffering steep losses yesterday, 28 August 2008. Bharat Heavy Electricals, the country’s largest power equipment maker by sales, surged 4.86% to Rs 1708 after the company said it has secured a contract worth Rs 1155 crore for supply of power generation equipment to a plant in Punjab. The company made the announcement during trading hours today, 29 August 2008.
India’s largest engineering & construction company by outstanding order book position Larsen & Toubro gained 3.53% to Rs 2589.90. The BSE Capital Goods index advanced 3.43% to 11,886.62
Cement shares rose despite recent foreign brokerage report which showed cement prices are set to decline 15-20% by fiscal 2009-10 due to increase in cement supplies. ACC (up 1.95% to Rs 563), Ambuja Cement (up 1.26% to Rs 80.30), and India Cement (up 2.91% to Rs 139.30), rose.
Reliance Infrastructure (up 5.31% to Rs 985), HDFC (up 3.75% to Rs 2332), and Jaiprakash Associates (up 5.38% to Rs 164.50), edged higher from the Sensex pack.
Reliance Natural Resources topped volumes chart clocking volumes of 1.41 crore shares followed by Bharti Airtel (1.07 crore shares), Chambal Fertilisers (81 lakh shares), IFCI (78.20 lakh shares) and Ispat Industries (75.60 lakh shares), in that order.
National Aluminium Company spurted 5.26% to Rs 388.15 on reports the company begun importing coal to overcome shortages, which forced the company to cut alumina output in July 2008.
Unitech gained 3.07% to Rs 157.85 after its telecom unit received 4.4 megahertz of spectrum in the GSM band in Madhya Pradesh. The company made the announcemnt after market hours yesterday, 28 August 2008. With this, the company has been allotted initial spectrum in six service areas out of the total 22 service areas, the statement added
courtesy - CM
...
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Market spurts as inflation softens for first time in 28 weeks
Intense buying throughout the day triggered by data showing a slower-than-expected GDP growth in Q1 June 2008 and softening of inflation, helped the market settle near day’s high. The BSE 30-share Sensex jumped 516.19 points. Strong global cues and healthy rollover of derivatives positions also aided the rally. The market breadth was strong. Interest rate sensitives were the flavor of the day. All the BSE sectoral indices posted gains.
India\'s gross domestic product (GDP) grew 7.9% in the June 2008 quarter from a year earlier, easing from the previous quarter\'s 8.8% rise as industrial activity slowed due to monetary tightening. The GDP growth in the first quarter of the current fiscal year was lower than market expectations of a rise of a little above 8%. The government released the GDP data at about 11:00 IST today, 29 August 2008.
The BSE 30-share Sensex jumped 516.19 points or 3.67% at 14,564.53. The Sensex struck an intra-day high of 14,586.16 in late trade. At the day’s high, the Sensex gained 537.82 points. Sensex opened 230.68 points higher at 14,279.02, which was also its day’s low.
The S&P CNX Nifty advanced 146 points or 3.46% to 4360. Nifty September 2008 futures were at 4364, at a premium of 4 points as compared to spot closing of 4360.
The BSE Sensex is down 5722.46 points or 28.20% in the calendar year 2008 so far from its close of 20,286.99 on 31 December 2007. It is 6642.24 points or 31.32% away from its all-time high of 21,206.77 struck on 10 January 2008.
Derivative contracts for August 2008 series expired yesterday, 28 August 2008 with strong rollovers. As per reports, marketwide rollover of positions from August 2008 series to September 2008 series stood at 83% while that of Nifty was at 75%. In the previous series, marketwide rollover of positions stood at 79% as while that of Nifty was at 65%
The market breadth was strong on BSE with 1828 shares advancing as compared to 832 that declined. 96 remained unchanged.
The total turnover on BSE amounted to Rs 5408 crore as compared to Rs 4,063.05 crore yesterday, 28 August 2008. NSE\'s futures & options (F&O) segment turnover was Rs 43,170.27 crore, lower than Rs 66,164.24 crore on Thursday, 28 August 2008.
Grasim was the lone loser from the 30-member Sensex pack. The diversified firm was down marginally by 0.05% to Rs 1936.
Strong buying was witnessed in interest rate sensitive sectors viz. banking, real estate and auto, as the latest data showed inflation softened for the first time in 28 weeks.
India’s largest state-run bank by net profit State Bank of India surged 7.23% to Rs 1404.10 on 11.56 lakh shares. It was the top gainer from Sensex pack.
HDFC Bank (up 5.40% to Rs 1281), and ICICI Bank (up 5.88% to Rs 671), advanced. The Bankex vaulted 6.27% to 7,009.69 and was the top gainer among the sectoral indices on BSE
Mid-cap bank shares also joined the rally. Oriental Bank of Commerce (up 8.06% to Rs 165), Bank of India (up 5.88% to Rs 266.35), Bank of Baroda (up 3.44% to Rs 283), Axis Bank (up 7.91% to Rs 723.70), and Kotak Mahindra Bank (up 9.54% to Rs 609.90), advanced.
Annual wholesale price inflation rose 12.40% in 12 months to 16 August 2008, below the previous week\'s 12.63% but remained stuck at 13-year highs, data released by the government after trading hours on Thursday, 28 August 2008 showed. No conclusion can be drawn from one week\'s inflation number, Finance Minister P Chidambaram said.
Inflation has nearly tripled from 4.39% a year ago and now is riding around the highest levels since the current inflation series began being compiled 13 years ago.
-courtesy CM...
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The economic growth moderated to 7.9 per cent in the first quarter of current fiscal, against 9.2 per cent a year ago as rising borrowing costs impacted manufacturing and some other sectors.
However, moderation in the GDP growth was expected as RBI hardened interest rates to control double-digit inflation. If the first quarter GDP growth continues in the remaining months of this fiscal, the economy would expand at the rate more or less proj ected by the Finance Minister Mr P Chidambaram as he projected the economy to grow by close to 8 per cent, compared to 9 per cent in the previous fiscal.
Manufacturing growth almost halved to 5.6 per cent, against 10.9 per cent as rising interest rates impacted their expansion. Even though agriculture grew by lower rate of three per cent, it is quite considerable on the high base of 4.4 per cent.
The other sectors which witnessed considerable decline in growth rate are electricity, gas and water supply, which expanded at the rate of 2.6 per cent against 7.9 per cent. In the services sector, trade, hotels, transport and communication grew by 11.2 per cent, against 13.1 per cent. While, financing, insurance, real estate and business services expanded by 9.3 per cent, against 12.6 per cent.
However, community, social and personal services grew by higher rate of 8.4 per cent, against 5.2 per cent. Construction activities also expanded at higher rate of 11.4 per cent, as compared to 7.7 per cent, while mining and quarrying grew by 4.8 per ce nt, against 1.7 per cent. In absolute terms, India\'s GDP stood at Rs 7,82,357 crore in the first quarter of this fiscal, against 7,24,949 crore in the corresponding period of 2007-08. - PTI
...
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Hinduja Foundries on a roll
Hinduja Foundries was locked at upper limit of 5% to Rs 196.75 on BSE, extending gains for the fourth trading session in a row.
On BSE, 3139 shares were traded in the counter. The scrip had an average daily volume of 2001 shares in the past one quarter.
The stock hit a high of Rs 196.75 and a low of Rs 194.45 so far during the day. The stock had a 52-week high of Rs 314.90 on 8 January 2008 and a 52-week low of Rs 122 on 19 March 2008.
The scrip has risen 15.73% in the past four trading sessions from Rs 170 on 25 August 2008.
The scrip had outperformed the market over the past one month till 28 August 2008, falling 1.39% compared to the Sensex’s 2.10% fall. It had also outperformed the market in the past one quarter, falling 12.80% compared to Sensex’s 14.99% fall.
The small-cap iron and aluminum castings maker has an equity capital of Rs 18.68 crore. Face value per share is Rs 10.
The current price of Rs 196.75 discounts its Q1 June 2008 annualised EPS of Rs 9.79, by a PE multiple of 20.09.
Hinduja Foundries’ net profit rose 11.7% to Rs 4.57 crore on a 19.8% rise in sales to Rs 125.20 crore in Q1 June 2008 over Q1 June 2007.
Hinduja Foundries manufactures metal castings for the automobile industries in India. The company\'s products includes grey iron, aluminium gravity die, casting for automobile, industrial engine, power generator, tractors as well as defence applications.
Previous Stories
Hinduja Foundries appoints additional directors (Corporate News 4-Aug 15:22)
Hinduja Foundries net profit rises 11.49% in the June 2008 quarter (Results - Announcements 31-Jul 15:46)
Hinduja Foundries to raise funds (Corporate News 8-Jul 10:34)
Hinduja Foundries net profit rises 5.41% in the March 2008 quarter (Results - Announcements 6-May 16:47)
Hinduja Foundries recommends dividend (Corporate News 6-May 16:21)
Hinduja Foundries to consider dividend (Corporate News 5-May 10:12)
Hinduja Foundries raises US$ 15 million (Corporate News 25-Apr 11:11)
Stake sale buzz fails to lift Hinduja Foundries (Hot Pursuit 14-Mar 10:05)
Ennore Foundries to change its name (Corporate News 28-Feb 17:08)
Ennore Foundries net profit declines 76.75% in the December 2007 quarter (Results - Announcements 24-Jan 19:37)
-CM...
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