| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | Discount |
| SRS Ltd. | 58 | 2 to 2.50 |
| T. D. Power Systems | 256 | 4 to 5 |
| P. G. Electroplast | 190 to 210 | -- |
| Manappuram Finance | 1000 | 7 to 8 |
| Muthoot Finance | 1000 | 10 to 11 |
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Thursday, September 08, 2011
Grey Market Premiums - Sep 8 2011
Bullions stay pale
Gold and silver drop as US and global equities rally
Precious metals ended lower once again on Wednesday, 07 September 2011 at Comex. Prices lost their luster after US markets and other global equities rallied for the day. Stocks gained on Wednesday, 07 September 2011 for the first session in four on a report that President Barack Obama will propose a $300 billion package to boost jobs and after Germany's top court ruled it was legal for the country to take part in regional rescue plans.
Market may open flat to slightly higher; food inflation data eyed
The market could open flat to slightly higher tracking mostly higher Asian stocks. Trading of S&P CNX Nifty on the Singapore stock exchange indicates Nifty could see a flat opening. The Indian government will unveil data on some wholesale price indices viz. the food price index, the primary articles index and the fuel price index for the year through 27 August 2011 today, 8 September 2011.
Jaiprakash Associates denied report it was in talks to sell up to 26% stake in its cement business to Mexico's Cemex and South America's Votorantim Group. The company made this announcement after market hours on Wednesday. The stocks had surged near 8% on Wednesday following buzz of strategic stake sale in its cement business.
Daily News Roundup - Sep 7 2011
Coal India is running 191 mines without any environmental clearance, the Comptroller & Auditor General said in a report on the company, which says delays in green clearances has severely hit its output. (ET)
Hero MotoCorp will start dropping the Honda brand from its existing products this fiscal. (BS)
Sensex reclaims 17k…Nifty tops 5100
Indian markets had a rocking session on Wednesday, with the main indices notching strong gains on the back of a global surge in equities and persistent inflows from the overseas investors. The Nifty recaptured the 5100 mark while the BSE Sensex re-conquered the 17,000 level. The rally was not restricted to the Large-Caps only, with the non-index counters also joining the party.
Markets extended the upswing led by sustained strength in Realty, Power, Capital Goods and the Banking space. The BSE Mid-Cap index gained 1.2%, while BSE Small-Cap index added 1.5%.
Blast, quake and life goes on
"To overcome a fear, here's all you have to do: realize the fear is there, and do the action you fear anyway." - Peter McWilliams.
A suspected terrorist strike in the heart of the capital did not dampen the spirits on the local bourses. The markets are unlikely to be shaken by a late night earthquake in New Delhi. The opening is expected to be good, but not spectacular. A few Asian markets are unable to hold on to early gains despite a stellar rally in the US and Europe.
Wednesday, September 07, 2011
BSE Bulk Deals to Watch - Sep 7 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
7/9/2011 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 24916 848.71
7/9/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD B 36068 851.12
7/9/2011 590006 Amrutanjan Health-$ CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED B 15380 845.35
NSE Bulk Deals to Watch - Sep 7 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
07-SEP-2011,AMRUTANJAN,Amrutajan Health Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,15488,844.48,-
07-SEP-2011,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,24945,847.33,-
07-SEP-2011,BROOKS,Brooks Lab Limited,BP FINTRADE PRIVATE LIMITED,BUY,175532,43.96,-
Market at 4 week closing high
The recent resumption of buying by foreign funds along with upbeat global markets helped Indian bourses scale 4 week closing high. The BSE Sensex was up 202.19 points or 1.2%, up close to 140 points from the day's low and off close to 90 points from the day's low. BSE Sensex regained psychological 17,000 mark. The market breadth, indicating the overall health of the market, was strong.
Market seen advancing on positive Asian equities
The market is likely to see a firm start tracking positive Asian equities. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a rise of 22 points at the opening bell. The recent resumption of buying by foreign funds will also support gains.
Foreign institutional investors (FIIs) bought shares worth Rs 431.48 crore on Tuesday, 6 September 2011, as per provisional data from the stock exchanges. Domestic institutional investors (DIIs) sold shares worth Rs 415.17 crore on that day.
Positive Asian cues may lift markets at start
Today the Asian indices look positive and may lift the Indian markets in the opening trade.
Headlines for the day:
Cairn to seek ONGC nod on Vedanta deal
DLF to challenge CCI order in Competition Appellate Tribunal
Slowdown blues upset FMCG companies' plans
DGH reopens issue of sharing RIL's earnings on D6 gas
Major corporate action
Ex-date for 1st interim dividend of Greaves Cotton
Ex-date for dividend of Simplex Infrastructures, Tantia Constructions
Sensex climbs on European bounce, FII flows
After last week’s strong show and Monday’s resilient performance, Tuesday turned out to be even better for the Indian market, with the main equity indices managing to close with smart gains after a bad start.
Finally, the BSE Sensex ended at 16,862, adding 149 points. It had earlier touched a day's high of 16,894 and a day's low of 16,488. It opened at 16,663. The NSE Nifty closed at 5,064, up 47 points.
Some comfort!
As long as you derive inner help and comfort from anything, keep it.- Mahatma Gandhi.
You can take some comfort from the fact that the Indian indices have been showing resilience. The trend is likely to stay intact, at least at start today with a positive one. Asian markets are mostly up. US stocks did well to recover but still closed in the red. European indices were mixed. UK stocks bucked a broad negative trend.
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