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Monday, March 14, 2011
Grey Market Premiums - Mar 14 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Lovable Lingerie Ltd. | 195 to 205 | 37 to 40 |
| Sudar Garments | 77 | 2.50 to 3 |
| Fineotex Chemical | 70 | 2.75 to 3 |
Negative opening likely; Inflation nos in focus
The Indian markets are set to start the session lower mirroring weak Asian cues; the inflation numbers for February 2011 will be eyed
Headlines for the day:
HDFC Bank hikes FD, lending rates
AV Birla set to join race for $3.2 billion Australian miner
PTC Financial Services IPO to open on March 16
Daily News Roundup - Mar 14 2011
HPCL to merge Prize Petroleum Co Ltd with itself. (ET)
Bharti Airtel drops bid to buy governments 30% in Hexacom. (ET)
Bombay High Court admitted a winding-up plea against Wockhardt in a lawsuit brought by holders of US$74mn worth of FCCB. (ET)
Japan’s Nippon may buy 26% stake in Reliance Life for US$724mn. (ET)
Sensex swamped by bad global cues
The Indian markets ended another tumultuous week down with the NSE Nifty closing below the 5450 mark. The mood got soured after a devastating earthquake hit northeast Japan that triggered a massive Tsunami and killed dozens of people. The latest bad news from the foreign shores added to the list of concerns that cast a pall of gloom over the markets this week.
Shock and Fear… limited impact on India
Courage, in the final analysis, is nothing but an affirmative answer to the shocks of existence.- Kurt Goldstein.
Japan has been rattled by a natural calamity of monumental proportion. Expectedly, Japanese shares have taken a severe beating despite the BOJ injecting $86bn to stabilize markets. After the double whammy of quake and Tsunami, Japan is now staring at a potential nuclear disaster. But, other Asian markets have managed to avert a steep fall as did the US markets.
Market seen opening lower on weak Asian equities; inflation data eyed
The market is likely to open lower tracking weak Asian equities. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 13.50 points at the opening bell. As per provisional figures, foreign funds sold shares worth Rs 243.58 crore and domestic funds bought shares worth Rs 112.24 crore on Friday, 11 March 2011.
Precious metals overcome early weakness
Mixed finish for precious metals on a weekly basis
Precious metal prices overcame early weakness and ended higher on Friday, 11 March 2011 at Comex. Prices rose as traders turned their focus to precious metals as tensions continued in Libya and powerful earthquake coupled with Tsunami hit Japan.
Copper stays steady
Red metals registers strong weekly losses
Copper prices rose marginally at Comex on Friday, 11 March 2011. Prices traded in narrow range as powerful earthquake coupled with Tsunami hit Japan thereby fuelling demand concerns.
Crude drops on demand concerns
Earthquake at Japan push prices lower
Oil prices dropped on Friday, 11 March 2011. Prices dropped as powerful earthquake coupled with Tsunami hit Japan thereby fuelling demand concerns.
On Friday, crude oil futures for light sweet crude for April delivery closed lower by $1.54 (1.4%) at $101.16/barrel. Prices touched a low of $99.01 during intra day trading. For the week, prices closed lower by 3.1%.
Sunday, March 13, 2011
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