| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | 4 to 6 |
| Ready Made Steel | 90 to 108 | 5 to 5.50 |
| Bharatiya Global | 75 to 82 | 4 to 4.50 |
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Friday, July 08, 2011
Grey Market Premiums - July 8 2011
Market seen opening firm on positive global cues; HDFC results eyed
The market is likely to see a firm start on positive global cues. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a gain of 27 points at the opening bell. The market sentiment remains firm on sustained buying by foreign institutional investors (FIIs) over the past few days. FIIs bought shares worth a net Rs 868.71 crore on Thursday, 7 July 2011, as per provisional data from the stock exchanges. Domestic institutional investors (DIIs) sold shares worth Rs 161.03 crore on that day. The results season kickstarts today, 8 July 2011, with housing finance major HDFC unveiling its Q1 June 2011 results.
Markets may extend rally on global support
The Indian markets are expected to begin the session on a higher note on account of positive global cues. HDFC and Indusind Bank results will be eyed.
Headlines for the day:
SBI loans now costlier; deposits to earn more
GoM approves 26% profit-sharing for coal companies
JSW Steel to halt expansion of Vijayanagar unit
Major corporate action
Results: HDFC, Indusind Bank
Ex-date for special dividend of Jyoti Structures
Ex-date for final dividend of Hindustan Unilever, Pratibha Industries
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