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Tuesday, November 30, 2010

Markets recover as GDP data beats estimates

Domestic indices reversed their losses and ended the session with significant gains in response to India’s Q2 GDP data beating market expectation and strong buying in realty stocks.

Major headlines

India's growth on track; Q2 GDP at 8.9%

Ranbaxy gets USFDA nod for Donepezil

Rural Electrification Corporation soars on getting FCB nod

MOIL IPO - Is it really worth applying ?

Qualified Institutional Buyers (QIBs) 49.16
Non Institutional Investors 8.77
Retail Individual Investors (RIIs) 10.86

How many times do you think retail would be oversubscribed by ? Even a 2L subscription won't give you good allotment.