| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | 3 to 5 |
| Birla Pacific Medspa | 10 | Discount |
| Rushil D�cor | 72 | 2.50 to 3 |
| Ready Made Steel | 90 to 108 | 3 to 4 |
| Bharatiya Global | 75 to 82 | -- |
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Monday, July 04, 2011
Grey Market Premiums July 4 2011
Daily News Roundup - July 4 2011
ICICI Bank has raised its base rate by 25 bps to 9.5% with effect from Monday. (BS)
TCS will look at expanding its market share in emerging market like Latin America and West Asia. (BS)
United Spirits has acquired additional 19.99% stake in Karnataka-based Sovereign Distilleries for an undisclosed amount. (ET)
Cauvery Asset (Karaikal) of ONGC has exceeded its oil production target for the first three months of this financial year. (ET)
Sensex takes a breather...
After enjoying a pleasant rebound over the past six trading sessions, the Indian markets finally took a breather on Friday. The six-day rally came to a halt after traders and investors preferred to book some profits at higher levels. Data showing deceleration in manufacturing sector activity from Australia to Europe also partly contributed to the selling today. Back home, trade deficit widened in May as well as in April-May period. Monthly auto sales also came in mixed, with Maruti's volumes sliding on a 10-day strike.
World is on the move
"Strength does not come from physical capacity. It comes from an indomitable will." - Mahatma Gandhi.
Friday’s minor blip deprived Indian markets of a strong weekly finish, although the broader market held its own. Nothing to worry, as the momentum still remains in tact, with world markets cheering a surprise gain for the US manufacturing PMI. The encouraging US data came on a day when most national manufacturing PMIs registered a drop.
Crude snaps three day winning streak
Prices recover from intra day low levels
Crude-oil futures settled modestly lower on Friday, 01 July 2011 at Nymex snapping a three-day winning streak but coming off the day's lows on a surprise rise for a key gauge of U.S. manufacturing activity. In addition to profit-taking, oil was feeling the pinch of a stronger dollar, even as the U.S. unit moderated its gains.
Oil for August delivery declined 48 cents, or 0.5%, to settle at $94.94 a barrel on the New York Mercantile Exchange. It had earlier traded as low as $93.45 a barrel, hit by weak manufacturing data in China and in the U.K. Crude registered 4.2% gains on a weekly basis.
Bullions register modest weekly losses
Gold settles at lowest levels in six weeks
Gold and silver prices settled at their lowest level in six weeks on Friday, 01 July 2011 at Comex. Prices fell as investors flocked to equities turning away from commodities. Prices also fell the pinch of a stronger dollar.
Gold for August delivery declined $20.20, or 1.3%, to $1,482.60 an ounce on the Comex division of New York Mercantile Exchange, bringing weekly losses to 1.2%.
Firm opening on the cards
The market may extend recent strong gains on firm Asian stocks. The sentiment remains firm on sustained buying by foreign funds over the past few days. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a gain of 50.50 points at the opening bell.
Foreign institutional investors (FIIs) bought shares worth a net Rs 599.66 crore on Friday, 1 July 2011, as per provisional data from the stock exchanges. FII inflow totaled Rs 2662.74 crore in June 2011, as per the data from the stock exchanges.
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