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Tuesday, July 13, 2010
Sensex, Nifty attain 29-month closing highs; realty shares soar
Revival of monsoon rains and stepping up of buying by foreign funds helped the key benchmark indices attain their highest closing level in 29-months. Rally in European stocks and US index futures supported the domestic bourses as the market extended gains for the fourth day. The stock market regulator Securities & Exchange Board of India (Sebi)'s recent decision to cut exposure margins on stock derivatives, also supported sentiment. Realty shares jumped in late trade on speculation the government will soon announce a hike in foreign direct investment (FDI) in the real-estate sector. Index heavyweight Reliance Industries (RIL) surged.
Nifty July 2010 futures above 5,400
Turnover rises
Nifty July 2010 futures were at 5,418, at a premium of 17.35 points compared to spot closing of 5,400.65. Turnover in NSE's futures & options (F&O) segment surged to Rs 80,272 crore from Rs 74,543.90 crore on Monday, 12 July 2010.
Infosys Q1 net profit down 8% to Rs 1488 cr
India's second largest IT services exporter - Infosys Technologies has announced its first quarter results of FY11. The net profit declined 7.98% to Rs 1,488 crore as against Rs 1,617 crore, on quarter-on-quarter basis (QoQ).
Revenues jumped 4.27% to Rs 6,198 crore from Rs 5,944 crore.
First quarter numbers of the company were below expectations. CNBC-TV18 poll saw the net profit at Rs 1,564.5 crore and net sales at Rs 6,213.9 crore.
via CNBC-TV18
Grey Market Premiums - July 13 2010gre
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Aster Silicates Ltd. | 118 | 6 to 7 |
| Technofab Engineering | 240 | 32 to 33 |
| | 166 | 5 to 6 |
Infosys Q1 result to set the tone
The Q1 results of IT bellwether Infosys and revision in full year guidance, if any, from the IT major will set the tone for the market. Infosys is likely to announce the results before trading hours today, 13 July 2010. Investors will also watch Infosys' guidance for the second quarter ending September 2010 at the time of announcing the first quarter results. The Infosys stock had hit a record high of Rs 2,911.55 on Monday, 12 July 2010, ahead of the results. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could gain 11.50 points at the opening bell. Asian stocks were in green.
Strong start likely; Infosys results eyed
Headlines for the day:
FMCG, agriculture companies make a beeline
Asian Hotels sells stake in subsidiary to IL&FS
JSPL to sign MoU with Orissa for Rs45,000 crore
Daily News Roundup - July 13 2010
Suzlon Energy has bagged orders worth ~Rs1.2bn from Malpani Group to setup, operate and maintain two new wind power projects in Karnataka and Maharashtra. (ET)
Tata Chemicals has received the approval of shareholders to raise Rs4bn through issue of 11.5mn shares on a preferential basis to promoter Tata Sons. (BL)
Sensex, Nifty survive IIP scare
Indian markets extended last week's advance as the NSE Nifty surged past the 5400 levels for the first time since February 6, 2008. The BSE Sensex also flew past the 18,000 mark in the early trades. However, the euphoria was short lived as bulls were stunned to see a surprisingly weaker-than-expected IIP data.
Annual Report - Jyothy Laboratories - 2009-2010
JYOTHY LABORATORIES LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
To,
The Members,
Your Board of Directors is pleased to present the Nineteenth Annual Report
together with the Audited Financial Statements for the year ended March 31,
2010 compared with previous period (July 1, 2008 to March 31, 2009) as
follows:
Annual Report - Monsanto India - 2009-2010
MONSANTO INDIA LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
To
The Shareholders,
Your Directors have pleasure in presenting their 60th Annual Report
together with the Audited Accounts for the year ended 31st March, 2010.
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