Monday, June 06, 2011
Market may edge lower on weak Asian stocks
The market may extend two days' losses on weak Asian stocks. Foreign institutional investors (FIIs) bought shares worth Rs 445.26 crore and domestic funds sold shares worth Rs 355.51 crore on Friday, 3 June 2011, as per provisional figures released by the stock exchanges. The key benchmark indices extended losses for the second straight day on Friday, 3 June 2011, on data showing slowdown in growth in the services sector in May 2011.
The police broke up a mass fast against graft led by India's most famous yoga guru Baba Ramdex on Sunday, risking more political headaches for the scandal-tainted government. The campaign by Ramdev, who plans to launch a political party ahead of the 2014 general election, followed allegations of kickbacks at the Commonwealth Games and a telecoms scam that may have cost the government $39 billion. Ramdev accused the police of brutality when they broke up the hunger strike which he and thousands of supporters started in New Delhi on Saturday, 4 June 2011.
Sunday, June 05, 2011
Grey Market Premiums - Vaswani Industries, Timbor Home, VMS Industries
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 (Upper Price Band) | -3 to -5 (Discount) |
| Timbor Home | 54 to 63 | 4 to 4.50 |
| VMS Industries | 36 to 40 | 2.50 to 3 |
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