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Thursday, June 21, 2012
Retirement Calculator
Are you planning for your retirement?
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Retirment Calculator
Are you planning for your retirement?
Here is a neat calculator that would help you find out how much you have to invest now.
Recent IPO Listings - Review
BSE
Code
|
Offer
Price
|
Listing
Date
|
Listing
Price
| |
Prakash Constrowell
|
533605
|
138
|
4-10-11
|
145.00
|
RDB Rasayans
|
533608
|
79
|
7-10-11
|
85.00
|
Tijaria Polypipes
|
533629
|
60
|
14-10-11
|
62.00
|
One Life Capital
|
533632
|
110
|
17-10-11
|
115
|
Flexituff International
|
533638
|
155
|
19-10-11
|
155
|
Taksheel Solutions
|
533639
|
150
|
19-10-11
|
157.40
|
M & B Switchgears
|
533644
|
186
|
20-10-11
|
180.00
|
Vaswani Industries
|
533576
|
39.20
|
24-10-11
|
33.45
|
Indo Thai Securities
|
533676
|
74
|
2-11-11
|
75.00
|
MCX
|
534091
|
1032
|
9-3-2012
|
1387
|
BCB Fin. (SME Platform)
|
534109
|
25
|
13-3-2012
|
27.00
|
Olympic Cards Limited
|
534190
|
30
|
28-3-2012
|
29.95
|
NBCC
|
534309
|
106
|
12-4-2012
|
100.00
|
M.T. Educare
|
534312
|
80
|
12-4-2012
|
86.05
|
Samvardhana Motherson Fin.
|
--
|
113 to 118
|
Withdrawn
| |
Tribhovandas Bhimji Zaveri
|
534369
|
120
|
9-5-2012
|
115.00
|
Plastene India Ltd.
|
81 to 84
|
Withdrawn
| ||
Monarch Health (BSE � SME)
|
534422
|
40
|
30-5-2012
|
42.00
|
Speciality Restaurant
|
534425
|
150
|
30-5-2012
|
153.00
|
Market seen opening lower on weak global cues
The market is likely to see a negative start on negative Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 22.50 points at the opening bell. Asian markets declined on Thursday as the US Federal Reserve did not signal a third round of quantitative easing. Telecom stocks may see action ahead of today's Empowered Group of Ministers (EGoM) meeting to decide on the base price for the 2G spectrum auction. The base price of Rs 3622 crore per MHz (Mega Hertz) recommended by sector regulator Trai was roundly criticised by telecom operators, after which the Telecom Commission sought a regulatory report on the base price's impact on tariffs. Key benchmark indices edged higher for the second straight trading session on Wednesday, 20 June 2012, as world stocks rose on the back of upbeat US housing data and on prospects of more monetary easing by the Federal Reserve. The BSE Sensex advanced 36.83 points or 0.22% to settle at 16,896.63, its highest closing level since 15 June 2012.
Daily News Roundup - June 21 2012
The top four cement makers — ACC, Ambuja Cement, UltraTech Cement and Shree Cement — may have to shell out Rs21.98bn, if the Competition Commission of India (CCI) charges a penalty of eight per cent on the average turnover of the last three years.(BL) Tata group is developing an electric car that is expected to be priced below US$20,000in partnership with France’s Dassault Systemes.(BL) Max India, has shelved plans to build a five-star hotel in Noida’s premium Delhi One project over concerns that upcoming hotels in the city would lead to a glut of upmarket rooms, according to people close to the development.(ET) The ministry of defence (MoD) has chosen a private sector consortium to compete with Bharat Electronics Ltd (BEL), to develop a backbone communications network for the 21st century battlefield. The project is worth an estimated Rs.100bn. (BS)
Twisting and turning
What separates the winners from the losers is how a person reacts to each new twist of fate. - Donald Trump. The Federal Reserve may not have delivered a QE3 but the so-called "Operation Twist" plan - aimed at keeping rates low - has been extended to the end of the year. It was due to end this month. On the flip side, the Fed has scaled down its projections of GDP growth and inflation while warning that unemployment will stay largely elevated. US markets closed virtually flat at the end of a choppy session. European markets were encouraged by Bank of England minutes that showed that some of the policymakers were inclined to consider fresh QE. There were also reports that the eurozone bailout fund could be used to buy bonds of troubled members. The same were denied later.
Markets may see a lower opening
Weak Asian cues may drag the Indian markets in the opening trade. SGX Nifty is also trading 17 points lower. Events for the day: Results: Bharat Electronics, Indraprastha Gas. Headlines for the day: AI loses around Rs500 cr, extends contingency plan till July. SBI to reduce lending rates to exporters soon. Reliance Life Insurance launches online life cover plan. EGoM to discuss spectrum price today.
Sensex ekes out modest gains…Cement shares recover
Indian stock indices closed with slender gains in a rather dull session, as investors chose to remain cautious ahead of the important announcement by the Federal Reserve. The broader market out-performed the frontline indices today, leading to a positive market breadth. However, the Nifty managed to climb up and close above 5100 for a second straight day. The BSE Sensex ended at 16,840 gaining by 0.2% or 37 points. It had earlier touched a day’s high of 16,962 and a day’s low of 16,840. It opened at 16,903. The NSE Nifty settled at 5120 up by 16 points or 0.3%. It touched a day’s low of 5,100 and day’s high of 5,142. ACC, Sterlite Industries, HCL Tech, Tata Motors, Jindal Steel, Dr Reddy’s, Sesa Goa, Tata Power and JP Associates were the notable gainers on the Sensex and the Nifty today.
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