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Thursday, July 22, 2010
Midfield Industries IPO Subscription
Qualified Institutional Buyers (QIBs) 1.86 times
Non Institutional Investors 48.41 times
Retail Individual Investors (RIIs) 13.51 times
Market seen opening lower on weak global cues
The market is likely to open lower on weak global cues. Asian stocks fell after the US Federal Reserve Chairman Ben Bernanke said the US economic outlook was unusually uncertain. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could fall 21.50 points at the opening bell. Volatility may rise as traders rollover positions in the derivatives segment from July 2010 series to August 2010 series ahead of the expiry of the near-month July 2010 contracts next Thursday, 29 July 2010.
SKS Microfinance - Offer Price - Grey Market Premium
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Aster Silicates Ltd. | 118 | 5 to 6 |
| Midfield Industries Ltd. | 126 to 133 | 17 to 18 |
| SKS Micro Finance | 455 to 515 | 45 to 46 |
Nothing unusual here
"If you are not willing to risk the unusual, you will have to settle for the ordinary." – Jim Rohn.
Sensex, Nifty manage moderate gains
It was a day of modest gains for the Indian stock indices as the bulls managed to make a come back of sorts after two lackluster trading sessions. The Metal stocks were clearly the biggest winners in today's session after being battered in the recent past. Keeping them company in the upswing were the Realty and select Auto stocks.
Daily News Roundup - July 22 2010
DoT to issue show-cause notices to Idea over six overlapping licences. (ET)
HDFC and Kotak Bank to rework profit forecast for insurance arms. (ET)
Markets may weaken at start
Headlines for the day:
Govt pegs GST at 20% in year one, single rate at 16% by 2014
DLF plans to sell majority stake in DLF Brands
Adani Enterprises' QIP draws Rs4,000 crore
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