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Thursday, October 20, 2011
Nifty October 2011 futures above 5100
Turnover surges
Nifty October 2011 futures were at 5146.35, at a premium of 7.20 points over spot closing of 5139.15. Turnover on NSE's futures & options segment surged to Rs 137726.54 crore from Rs 122386.39 crore on Tuesday, 18 October 2011.
State Bank of India (SBI) October 2011 futures were at 1914.85, at a premium over spot closing of 1909.25.
Taksheel Solutions ends with 63% discount
At Rs 55.85 on BSE
Shares of Taksheel Solutions settled at Rs 55.85 on BSE, a discount of 62.77% over the initial public offer price of Rs 150.
The stock debuted at Rs 157.40, a premium of 4.93% to the initial public offer (IPO) price. The stock hit a high of Rs 185 and low of Rs 38.50. On BSE, 3.76 crore shares were traded on the counter.
Flexituff International settles with 7% premium
At Rs 166.40 on BSE
Shares of Flexituff International settled at Rs 166.40 on BSE, a premium of 7.35% over the initial public offer price of Rs 155.
The stock debuted at Rs 155, at par with the initial public offer (IPO) price. The stock hit a high of Rs 185.40 and low of Rs 142. On BSE, 1.75 crore shares were traded on the counter.
Sensex, Nifty settle at highest level in over 4 weeks on euro-zone bailout fund hopes
Good Q2 results from Hero MotoCorp and HDFC Bank helped key benchmark indices clock smart gains a day after the market fell 1.63% on Tuesday, 18 October 2011, on disappointing earnings from IT majors TCS and HCL Technologies. The barometer index BSE Sensex regained the psychological 17,000 level. The Sensex and the 50-unit S&P CNX Nifty reached their highest closing level in more than four weeks. The Sensex jumped 337.05 points or 2.01%, up close to 210 points from the day's low and off close to 20 points from the day's high. Gains for European shares triggered by hopes for progress on expansion of the euro zone's rescue fund, underpinned sentiment.
Wednesday, October 19, 2011
Market may open higher on firm Asian stocks; Hero MotoCorp in focus
The market may open higher on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 20 points at the opening bell. Hero MotoCorp may edge higher on good Q2 results. Jindal Steel & Power will also be in focus after reporting 8% growth in net profit in Q2 September 2011. HDFC Bank and Biocon unveil Q2 results today, 19 October 2011.
Key benchmark indices fell for the second straight day to reach one-week closing lows on Tuesday, 18 October 2011, as weakness in global shares caused by disappointment over a quick European rescue plan and poor quarterly result by IT majors TCS and HCL Tech hit sentiments adversely. The BSE Sensex lost 276.80 points or 1.63% to settle at 16,748.29, its lowest closing level since 11 October 2011.
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