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Friday, November 19, 2010

Grey Market Premiums - Nov 19 2010

Company Name

Offer Price





(Rs. 1 Lac


Power Grid Corporation


(5 % Discount of

Retailers & Employee)


3200 to 3400

R.P.P. Infra Projects Ltd.

68 to 75

10 to 11

1800 to 1900

Manganese Ore Ltd.

600 to 660


285 to 290

3400 to 3500

Daily News Roundup - Nov 19 2010

Promoters of Patni Computers, General Atlantic revive plans to stake sale. (ET)

NALCO, JSW Steel and Jai Prakash Industries have evinced interest in setting up an aluminium refinery and aluminium smelter in Kutch, Gujarat. (ET)

ONGC’s oil output is expected to go up signifcicantlky in the current fiscal on the back of higher reserves accretion. (ET)

JBF Industries has acquired 100% stake in its unit JBF Global Pte ltd for US$104mn. (BL)

Choppy Sensex manages slim gains

The Indian market ended on a flat note on Thursday with the key indices managing slim gains at the end of a fairly volatile trading session. After a good start, the Sensex and Nifty suddenly turned sharply lower in mid morning trade and spent most of the day gyrating between gains and losses. Later on the benchmark indices turned choppy and were stuck in a narrow trading band.

Coping with the problems

Globally, Ireland appears to be drifting towards an imminent bailout, helping the euro recover against the dollar from a six-week low.

If a problem has no solution, it may not be a problem, but a fact - not to be solved, but to be coped with over time.- Shimon Peres.

A higher opening and volatile intra-day gyrations is likely to be repeated at the bourses. The bulls have enough problems to cope with. The telecom scam is hogging the headlines and now the otherwise clean image of the PM has taken a beating. Whether the 2G imbroglio (along with the other scams) will have wider political ramifications for the UPA or not remains to be seen.

Markets to get a soft start on mixed Asian cues

Headlines for the day:

Cancel 69 licences of 6 operators: TRAI

Garments industry strike today

Hindustan Motors to enter small commercial vehicle segment



SGX Nifty Live Update - Nov 19 2010

6,021.00 -14.50