Dead Presidents! - India Equity Research
India Equity Analysis, Recommendations, Stock Tips and more!
Most Popular Posts right now!
- MCX IPO Grey Market Premium Jumps!
- Rakesh Jhunjhunwala Portfolio Update - Feb 15 2012
- Stock Picks for 2012
- MCX IPO Premiums - Grey Market
- Sterlite Industries
- India Real Estate
- MCX Subscription Oversubscription Details - Retail
- MCX IPO Premiums continue to remain stable
- Coal India Limited
- Applying for MCX IPO? Results
loading..
Wednesday, February 29, 2012
MCX IPO Premiums jump again
Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 2 Lac Application) |
Hudco | 1000 | 2 to 2.50 | -- |
IRFC | 1000 | 8 to 9 | -- |
MCX (IPO) | 1032 (Higher Price Band) | 360 to 365 | Kostak Price on Last Day (24-2-2012) Rs. 3000 to 3100 |
Big gains for precious metals
Gold ends at three and half months high while silver ends at five and half months high
Bullion metal prices ended substantially higher on Tuesday, 28 February 2012 at Comex. Comex April gold futures prices ended the U.S. day session at three and half month highs while silver ended at six and half month highs as value-buying and a lower dollar lifted the metals.
Gold for April delivery ended higher by $13.5 or 0.8%, to end at $1,788.4 an ounce on the Comex division of the New York Mercantile Exchange on Tuesday. Year-to-date, gold has gained 14%, while prices have risen 2.8% on the month of February 2012. Gold ended the month of January higher by 11%. For the year 2011, gold rose 10%.
Market may gain on firm Asian stocks; Q3 GDP data eyed
The market may gain on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 35 points at the opening bell.
The government is slated to announce Q3 December 2011 gross domestic product (GDP) data at 11:00 IST today, 29 February 2012. The Indian economy is seen registering a still lower 6.4% growth in Q3 December 2011, as per the median estimate of a poll of economists carried out by Capital Market. GDP grew 6.9% in Q2 September 2011, which was the lowest growth rate in over two years.
State-run ONGC will launch on Thursday, 1 March 2012 a share sale through an auction that aims to raise at least $2.5 billion. The offering will close on the same day. The government will sell 5% of its holding, or about 42.8 crore shares, in the offering and the floor price for the issue has been set at Rs 290 a share
Positive global cues may push markets higher
It is expected to be a higher opening on the back of good global cues. India’s GDP data for December quarter will be in focus.
Headlines for the day
LIC sells 2% in Tata Global Beverages for Rs 161 cr
TCS bags deal from S Africa's Nedgroup Insurance
Govt approves 5% ONGC share sale through auction
Union Bank may cut home, education lending rates next month
Events for the day:
India’s GDP data for December quarter
Better Trades for the day - Feb 29 2012
Results: Bata India, Videocon Industries
Stock in news:
LIC sells 2% in Tata Global Beverages for Rs161 crore.
TCS bags deal from S Africa's Nedgroup Insurance.
Government approves 5% Oil & Natural Gas Corporation ( ONGC) share sale through auction.
Union Bank of India may cut home, education lending rates next month.
Subscribe to:
Posts (Atom)