IPCA Labs
India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Tuesday, December 07, 2010
Monday, December 06, 2010
Markets erase early gains, end flat
The Indian markets erased all its early gains in late trade and closed the session on a flat note owing to sell-off in banking, realty and FMCG space
Major headlines
JSW Steel November production up 6%; the stock closes 4.37% higher
State Bank of India declines after raising deposit rate; the stock ends 3.86% lower
Tata Steel rises as Rio Tinto bids for Riversdale; the stock closes up by 3.38%
Ravi Kumar Distilleries
Ravi Kumar Distilleries, promoted by Mr. R. V. Ravikumar, is engaged in the business of manufacturing Indian Made Foreign Liquor (IMFL) under its own brand portfolio. The IMFL comprises of Whisky, Brandy, Rum, Gin & Vodka. In addition to manufacturing and marketing of its own liquor products, it also has tie-up arrangement with various leading liquor companies of India like .Radico Khatian Ltd., Shashi Distilleries Pvt. Ltd., John Distilleries Ltd., Gemini Distilleries (Pondy) Pvt. Ltd., and Mondovi Distilleries & Breweries Pvt. Ltd for manufacturing and marketing of their popular brands.
Mixed Monday for Asia
Stocks end amid uncertain direction post disappointing non-farm data
Asian markets ended mixed today with the modestly higher closing in the US stocks on Friday despite weaker than expected jobs report for November not helping shape the sentiments either way. The Irish Department of Finance on Saturday confirmed that the 2011 budget deficit would fall to 12.2% of gross domestic product (GDP), before Budget Day adjustments, from 32% in 2010. This turned out to be a slightly positive news from the point of view of easing the Eurozone debt troubles to some extent. Meanwhile, on Friday, in a disappointing piece of data, the US unemployment rate edged up to 9.8% in November, and nonfarm payroll employment gained just 39000, as per the latest report from US Bureau of Labour Statistics. Temporary help services and health care continued to add jobs over the month, while employment fell in retail trade. Employment in most major industries changed little in November.
Market ends flat after hitting 3-week high; bank shares drop
The key benchmark indices ended almost unchanged, giving up initial strong gains as profit taking emerged after the Sensex hit 3-month high. Weak European stocks and lower US index futures triggered profit taking on the domestic bourses. The BSE 30-share Sensex was up 14.38 points or 0.07%, off close to 235 points from the day's high and up close to 35 points from the day's low. The market breadth turned negative when compared with a strong breadth earlier in the day.
Daily Grey Market Premiums - Dec 6 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| R.P.P. Infra Projects Ltd. | 75 | +/- 3 to 5 |
| Claries Life science | 228 to 235 | 3 to 3.5 |
| Manganese Ore Ltd. | 340 to 375 | 195 to 205 |
| Shipping Corporation | 135 to 140 | -- |
| Ravi Kumar Distilleries | 56 to 64 | 3 to 5 |
Crude pares early losses
Prices rise despite weak job report
Crude prices pared its earlier losses rose substantially on Friday, 03 December 2010 at Nymex. Prices rose mainly due to the weak dollar. Earlier prices dropped following a disappointing job report at Wall Street.
Daily News Roundup - Dec 6 2010
Dalmia Bharat Enterprises plans to invest Rs25bn to set up two greenfield cement plants in Karnataka and Meghalaya. (BL)
Larsen & Toubro has bagged an Rs7.2bn infrastructure contract from the Department of Transport, Abu Dhabi. (BL)
Subscribe to:
Posts (Atom)