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Monday, September 05, 2011
Latest Grey Market Premiums - Sep 5 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | Discount |
| Brooks Lab. | 100 | 3 to 4 |
| SRS Ltd. | 58 | 2 to 2.50 |
| T. D. Power Systems | 256 | 4 to 5 |
| P. G. Electroplast | 190 to 210 | -- |
| Manappuram Finance | 1000 | 7 to 8 |
| Muthoot Finance | 1000 | 10 to 11 |
Markets expect a weak opening
The US labour market woes have hit the overall sentiment. Today's opening is likely to be in the red zone tracking negative global cues.
Headlines for the day:
LIC to give 6% annual return on Pension Plus
Firstsource plans to sell US-based MedAssist
Indian IT hiring down 49% in August amid US, Europe crisis
For more news......Click Here
Major corporate action
Brooks Laboratories to list today
Ex-date for dividend of BPCL, Bombay Rayon Fashions
Ex-date for final dividend of Monsanto India, Supreme Industries
Market seen opening weak on subdued global cues
The market is likely to open lower on weak global cues on disappointing US jobs data and sustained worries about the euro zone debt crisis. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a slide of 79 points at the opening bell.
Foreign institutional investors (FIIs) bought shares worth a Rs 1158.38 crore on Friday, 2 September 2011, as per provisional data from the stock exchanges. Domestic institutional investors (DIIs) sold shares worth Rs 346.28 crore on that day.
Daily News Roundup - Sep 5 2011
Under pressure from NTPC to clear dues, Reliance Infrastructure subsidiaries BSES Rajdhani and BSES Yamuna are expected to pay Rs800mn by Monday. (BS)
Maruti Suzuki India has rolled out 150 cars from its Manesar plants with another batch of 125 people joining production operations, even as the impasse between management and workers at the first unit of the facility continues. (ET)
Sensex advances for third straight day
The Indian stock indices closed higher on Friday despite a weak trend across world markets, as market players bet on the nation's strong macro-economic fundamentals even as FII flows are showing some signs of improvement. The NSE Nifty shut shop above the 5000 mark for the first time since August 17. Barring a brief scare in the afternoon, the undercurrent on the domestic bourses was positive throughout the session.
Pressure at start!
In the game of life it's a good idea to have a few early losses, which relives you of the pressure of trying to maintain an undefeated season. - Lee Trevino.
Just when it looked like the Indian market was getting into a groove comes yet another shocker from the offshore markets. Indian equities will face selling pressure early on, tracking Friday’s big fall on Wall Street. US stocks sank after the government’s jobs report re-ignited fears of double-dip recession.
Bullions shine
Gold and silver rise following weak job data
Precious metals shot up on Friday, 02 September, 2011 at Comex. Prices shone following big sell-off at Wall Street following a disappointing job report for the month of August from the Labor Department.
Gold for December delivery rose $47.8 or 2.6%, to end at $1,876.9 an ounce on the Comex division of the New York Mercantile Exchange on Friday. On the week, gold rallied 10%. It rose by $201 or 12% during the month of August.
US stocks slump following disappointing August job report
Stocks register mild weekly losses
US stocks ended with little losses for the week that ended on Friday, 02 September 2011. Aggressive selling on Friday following a disappointing job report extended a slide that started a day before on Thursday. That effectively erased gains staged in the first half of the week, giving the stock market a fractional weekly loss.
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