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Thursday, September 09, 2010
Bullion metals trade in narrow band
Gold turns pale but silver shines
Precious metals ended mixed once again on Wednesday, 08 September 2010 at Comex. Gold prices dropped but silver rose. Prices traded within narrow band as banking worries once again faded in the European region. Prices ended mixed despite a weak dollar.
Crude ends marginally higher
Prices pare part of its intra day gains
Crude oil prices ended marginally higher on Wednesday, 08 September 2010 at Nymex. Prices pared some of its gains following the release of Fed's Beige Book. Prices also ended higher as the dollar weakened.
All the Latest Grey Market Premiums
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Gujarat Pipavav Port | 46 | 8 to 10 |
| Indo Solar Ltd. | 29 to 32 | 5 to 6 |
| Eros International | -- | -- |
| Microsec Fin | 110 to 120 (Approx) | 34 to 35 |
| SEA Network | 100 to 110 (Approx) | 18 to 19 |
| Ashok Buildcon | 280 to 300 (Approx) | 53 to 55 |
| VA Tech Wabag | 1200 to 1300 (Approx) | 285 to 288 |
Market may extend three-day gains; food inflation data eyed
The market may extend last three days' gains if trading of the S&P CNX Nifty futures on the Singapore stock exchange is any indication. It indicated that the Nifty could gain 18 points at the opening bell. On macro front, the government will unveil data on some wholesale price indices for the year through 28 August 2010 viz. the food price index, the primary articles index and the fuel price index at about 12:00 IST today.
Sensex to start positive...Gujarat Pipavav to list
At the moment it looks like India is out-performing the world. This week’s movement presents ample evidence of that trend. Whether this pattern continues or not only time will tell. We expect a positive start and the same could be extended, provided there are no further hiccups in world markets. Small-caps have been buzzing, but make sure your allocation is also small on these counters given the heightened risk associated with such counters.
Bulls may continue journey
We don't receive wisdom; we must discover it for ourselves after a journey that no one can take for us or spare us - Marcel Proust.
Markets expect a positive start
Headlines for the day:
Banks face higher capital norms for PE, VC funds
REC wants RBI okay to raise FII stake from 24% to 35%
NMDC eyes 10% stake in Australian firm
Gujarat Pipavav port to list today
The issue, which opened for subscription between August 23-26, was subscribed 19.94 times. Qualified institutional investors' portion got subscribed 13.2 times.
Shares of Gujarat Pipavav port Ltd. will list on the exchanges today. The Company has fixed the issue price for its Rs 5bn public issue at Rs 46 a share while price band was at Rs 42-48.
Wednesday, September 08, 2010
Listing of Gujarat Pipavav Port - Confirmed date
Gujarat Pipavav is getting listed on Sep 9 2010 according to official circular on NSE
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