Stocks

Cues from FnO: Short term bounce?

Reliance Petro

Posted by : Be and Make
Price when posted : BSE: Rs 126.90 ( 2.09 % ), NSE: Rs. 126.95 ( 2.17 % )

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Dear manju – Now we are going in to a global recession, where there is no space for fundamentals and technicals. There is only one pattern can be seen that is selling. Its not the time to look in to equities right now. These are the panic conditions, where no can predict the bottom. Value may not emerge in a single week or in a single month but panic selling will continue and is enough to do the damage in that time.
So, nothing left to say about the supports and resistances its all about to survive for at least for couple of months from here.
After the Q2 results of RIL take a fresh decision on the oil refineries.

To survive in these panic conditions “cash is king” is my slogan.
With thanks
Be and make
...

In reply to:

Cues from FnO: Short term bounce?

Posted by : manju_berlin

Dear Be and make

IS RPL heading to Rs100?

Pleae suggest.. your early replys may helps many.

Thanks again. Please reply my previous text also

Will sensex touch 10000 ? C.J.Mathews Sankarathil,MBA, opens question mark?

000ONGC IPO

Posted by : sankarcj

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Dear Share, Now assess what was the importance of that discussion....

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Will sensex touch 10000 ? C.J.Mathews Sankarathil,MBA, opens question mark?

Posted by : shareviews

Sankarci, Why you are wasting time. Assess the situation by yourself and take decisions of your own, than tracking these Guys. They keep on changing their openions according to the situation.

ITC leads losers on Sensex

ITC

Posted by : MMB Messenger
Price when posted : BSE: Rs 174.55 ( -3.08 % ), NSE: Rs. 174.50 ( -3.06 % )

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ITC is top loser on the Sensex. At 11:04 am, the share was quoting at Rs 169.10, down Rs 11, or 6.11%. It has touched an intraday high of Rs 182.80 and an intraday low of Rs 168.05. It was trading with volumes of 961,764 shares. Yesterday the share closed down 5.46% or Rs 10.40 at Rs 180.10. ...

NSE Announcements on Guj Flourochem

Guj Flourochem

Posted by : MMB Messenger
Price when posted : [Guj Flourochem - BSE:Rs. 130.00 NSE:Rs. 134.05 when posted]

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Enam Securities Pvt. Ltd. has informed the Exchange that Gujarat Fluorochemicals Limited ("the Company") is buying back its own fully paid up equity shares ("Shares") of face value Re.1/- each ("the Buyback") from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed Enam Securities Pvt. Ltd., M/S Bharat Bhushan Equity Traders Ltd. and M/S Gng Stock Holdings Pvt. Ltd. as its brokers ("Appointed Broker") for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on October 07, 2008, are as follows: 1) (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: October 07, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: Nil; (e) Total No. of equity shares bought back: Nil; (f) Average Market Price of Acquisition (Rs.): Nil 2) (a) Name of the Broker: M/S Bharat Bhushan Equity Traders Ltd; (b) Date of buyback: October 07, 2008; (c) No. of equity shares bought back on BSE: 75109; (d) No. of equity shares bought back on NSE: Nil; (e) Total No. of equity shares bought back: 75109; (f) Average Market Price of Acquisition (Rs.): 138.79 3) (a) Name of the Broker: M/S Gng Stock Holdings Pvt. Ltd; (b) Date of buyback: October 07, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: 3000; (e) Total No. of equity shares bought back: 3000; (f) Average Market Price of Acquisition (Rs.): 134.70; 4) Total No. of equity shares bought back on BSE: 75109; 5) Total No. of equity shares bought back on NSE: 3000; 6) Total No. of equity shares bought back: 78109; 7) Average Market Price of Acquisition (Rs.): 138.59; 8) Cumulative Equity Shares bought as on October 06, 2008: 1397031; 9) Quantity Closed Out on October 07, 2008 - Nil; 10) Quantity Closed out as on October 06, 2008 - Nil; 11) Total Quantity Closed Out - Nil; 12) Total Equity Shares bought back as on October 07, 2008: 1475140....

BSE Announcements on Dhanprayog Inv

Dhanprayog Inv

Posted by : MMB Messenger
Price when posted : [Dhanprayog Inv - BSE:Rs. NSE:Rs. when posted]

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Dhanprayog Investments Company Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on October 31, 2008, inter alia, for capitalization of a sum not exceeding Rs 15,00,00,000 (Rupees Fifteen Crores) from the General Reserve/Capital Reserve or any other permitted reserve/surplus of the Company for the purpose of issue of Bonus Shares of Rs 10 (Rupees Ten) each, credited as fully paid-up to the holders of the Equity Shares of the Company whose names shall appear in the Register of Members on the "Record Date" determined by the Board for the purpose, in the proportion of 75 (Seventyfive) Bonus Shares of Rs 10 each for every 1 (One) fully paid-up Equity Share of Rs 10 held by them and that the Bonus Shares so distributed shall, for all purposes, be treated as an increase in the paid-up Share Capital of the Company held by each such Member, and not as income, subject to necessary provisions & approvals....

GET RDY FOR THE BIGGEST CRASH IN HISTORY

IFCI

Posted by : knair
Price when posted : BSE: Rs 32.65 ( -0.15 % ), NSE: Rs. 32.60 ( -0.15 % )

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Dear Shakti,

When we lead a life within our limits, it may be routine but basically sound. Others may say that we are not ambitious. One has to take risks to enjoy the life. I am not against any of these things.

A few months back, most of Indian investors were following the stocks where FIIs had intestments. Goldman Sachs, ML, JPM. CLSA, UBS, HSBC and what not - a name of an MNC was sufficient for us to put whatever we had. Today, after the US and Europian bankruptcy reports, we all got shocks. ICICI melt down due to this. How things changed! My mobile was ringing for personal loans but today it seems to be automatically stopped.

No doubt that Indian banks have not much of exposure in this regard. Here it is a starting point. We learnt the lessons in the first stadard itself.

During 1983-84 I was trying to get a house constructed. When I applied for a housing loan, my employer, NTC sanctioned it, the highest that was available Rs.1,25 lakhs with a 12%. Some of my friends wanted to take a personal loan from the bank. They gave a small amount only after the employer agreed to deduct it in 10 monthly instalments from the salary payable. Time changed. Today we get the loan for any amount according to the quantum of our salary. The policy is simple. Have and enjoy the facility first and then pay. It changed the life. It is good if it is properly used.

I have no suggestions. I express what I practically follow.

knair ...

In reply to:

GET RDY FOR THE BIGGEST CRASH IN HISTORY

Posted by : sp.palo

Dear knair,
Good morning. you are absolutely right.

Indian banks too like US has started giving personal loans. The number of loan agents hovering around each bank shows the banks are more interested in giving loans than the customers taking them.

Few months back ICICI bank`s website was showing a banner that "you have a pre-approved loan of 50000". It is not that these banks have faith on indians that they will repay it without hassle but its their greed of earning more money.

A recent statistics showed that ICICI and many other banks have given crores as loans to IT professionals simply on the basis of their temporary job pay-slips. It is really ridiculous. When they will be kicked out of their jobs due to the global crisis, this entire loan amount will nearly go as bad debt. practically, repaying EMI is not that easy as it seems at the time of taking credit.

As of you, i hate loans. we should live happily with whatever we have.

regards
shakti

BSE Announcements on Western I Ship

Western I Ship

Posted by : MMB Messenger
Price when posted : [Western I Ship - BSE:Rs. 10.13 NSE:Rs. when posted]

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Western India Shipyard Ltd has informed BSE that the Board of Directors by a Circular Resolution have accorded their consent for Issue of 37,20,500 Equity Shares of the Company of Rs 2/- each on Preferential basis to the Administrator of the Specified Undertaking of the Unit Trust of India....

Decoupling days are coming ahead.........

IFCI

Posted by : treasureddhan
Price when posted : BSE: Rs 32.65 ( -0.15 % ), NSE: Rs. 32.60 ( -0.15 % )

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Dow fut in negative -43 down...

In reply to:

Decoupling days are coming ahead.........

Posted by : treasureddhan

dow future fell by 70 pts intraday

I am happy to be back on MMB

IFCI

Posted by : abyphilip
Price when posted : BSE: Rs 32.65 ( -0.15 % ), NSE: Rs. 32.60 ( -0.15 % )

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Hi Raj,

I`m expecting NIFTY above 4000 in the coming weeks inspite of the weak sentiments. Hope India will start seeing FII fund inflows once the dust settles down in wall street. The current value of rupee is also attractive for them to benefit on two fronts.

As you said, things are getting worse than 2001 or atleast as worse by now. September has registered the highest number of job losses in the last 5 years. I hope that DOW wouldn`t go below 9700-9500.

Regards,
Aby...

In reply to:

I am happy to be back on MMB

Posted by : raj_tibs

Hello AbyPhilip

I do not really invest in the US markets. All my holdings are by virtue of stock awards/espp.

I do keep a close watch on the US markets though. I personally think the markets have held up quite well till now. It is going to become increasingly difficult going forward. Probably the US and the Indian markets will hold up till the elections, and then we are going to witness the real crash following the elections. I expect DOW to form a bottom around 9600.

This is worse than 2001.. Then it was just a bubble isolated to the tech industry (so it was economy that impacted the market). This time, it is the market impacting the economy. This reverse feedback has now set in motion a vicious feedback loop, as the worsening market situation impacts the economy, and the worsening economy impacts the markets in turn. This month's jobs data (when reported next month) is going to be abysmal.. And a few more bankruptcies likely to follow soon.

I think there will a huge impact on global investments, as most bankers will be too fear stricken to accept collaterals from their counteparts.

Can expect more fiscal steroids from the govts around the world... But there is so much to be unwound, and noone knows how to quantify it.

NSE Announcements on ANG Auto

ANG Auto

Posted by : MMB Messenger
Price when posted : [ANG Auto - BSE:Rs. 46.95 NSE:Rs. 46.55 when posted]

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Chartered Capital and Investments Ltd. has informed the Exchange regarding the details of the equity shares of ANG Auto Ltd. bought back through the Stock Exchange on October 07, 2008, as follows: 1) Date of Buyback: October 07, 2008; 2) (a) Name of the Broker: Integrated Master Securities Private Limited; (b) No. of equity shares bought back on BSE: 10000; (c) No. of equity shares bought back on NSE/others: 10000; (d) Total no. of equity shares bought back: 20000; (e) Average Price of Acquisition (Rs.): 52.55; 3) Cumulative Equity Shares bought as on October 06, 2008: 204616; 4) Quantity Closed Out on October 07, 2008 - NIL; 5) Quantity Closed Out as on October 06, 2008 - NIL; 6) Total Quantity Closed Out - NIL; 7) Total Equity Shares bought back as on October 07, 2008: 224616....

Decoupling days are coming ahead.........

IFCI

Posted by : treasureddhan
Price when posted : BSE: Rs 32.65 ( -0.15 % ), NSE: Rs. 32.60 ( -0.15 % )

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dow future fell by 70 pts intraday...

In reply to:

Decoupling days are coming ahead.........

Posted by : treasureddhan

Today I feel Dow will crash more than yesterday.

BSE Announcements on Chennai Meenaks

Chennai Meenaks

Posted by : MMB Messenger
Price when posted : [Chennai Meenaks - BSE:Rs. 8.85 NSE:Rs. when posted]

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Chennai Meenakshi Multispeciality Hospital Ltd has informed BSE that the members at the adjourned Annual General Meeting (AGM) of the Company held on October 07, 2008, inter alia, have accorded the following:

1. Adopted the audited accounts of the Company for the year ended March 31, 2008 together with Directors and Auditors Report.

2. Re-appointed Mr. A N Radhakrishnan as a Director of the Company.

3. Re-appointed M/s. Varma and Varma, Chartered Accountants, as Statutory auditors of the Company....

BSE Announcements on Supreme Infra

Supreme Infra

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Price when posted : [Supreme Infra - BSE:Rs. 51.70 NSE:Rs. 51.05 when posted]

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Supreme Infrastructure India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 18, 2008, inter alia, for consideration of Un-Audited Financial Results for the quarter and half year ended September 30, 2008.

The Company also proposes to give empower to the board of directors of the Company to create charge on the whole and part of the undertaking, to borrow money more than the free reserve and paid up capital of the Company and to give any inter corporate loan, investment and providing security and guarantee more than paid up Capital and Free Reserve of the Company.

Further the Company has informed that, a meeting of the Board of Directors of the Company which will be held on October 18, 2008 also consider for approval of the proposal for transacting the following business subject to the approval of the shareholders by a Ordinary or Special Resolution (Postal Ballot) as per the provisions of the Section 192A and other provision of the Companies Act, 1956.

1. To authorised the Board of Directors to create charge / mortgage on the whole and part of the undertaking under section 293(1)(a) of the Companies Act, 1956.

2. To authorised the Board of Director to borrow the money more than paid capital and free reserve of the Company under section 293(1)(d) of the Companies Act, 1956.

3. To authorised the Board of Director for Intercorporate Investment, loan and providing guarantee and security more than paid capital and free reserve of the Company under section 372A of the Companies Act, 1956....

Cues from FnO: Short term bounce?

Reliance Petro

Posted by : Be and Make
Price when posted : BSE: Rs 126.90 ( 2.09 % ), NSE: Rs. 126.95 ( 2.17 % )

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Dear chief - Thanks for your words. In my view, my experience did all the wonders for me. Its a great pleasure to have such good words from you. RIL will face further weakness in the near term (2-3 months) due to sudden skid in the refining margins globally. Q2 results will give us some cues to review the decisions.

With thanks
Be and make
...

In reply to:

Cues from FnO: Short term bounce?

Posted by : chief_kamani

Be and Make-You are doing wonders with your timely and wise investment decisions!!

I have 1368 gujnre shres @ 92 Rs.,shold i hold or exit ??

Guj NRE Coke

Posted by : retrobroker
Price when posted : BSE: Rs 46.50 ( -7.46 % ), NSE: Rs. 46.20 ( -7.41 % )

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thanks for the tip but i dnt think it will go below 40...u can wait to buy it at 20 levels i will buy at these......

In reply to:

I have 1368 gujnre shres @ 92 Rs.,shold i hold or exit ??

Posted by : gvkgb

The stock will further slide to between 25-28, right time to exit and enter @ 20 levels