priyanka1987
New member
Hello all ,
Get info on stock market n share ur info with us......
pls particiapate....
regards,
Priyanka..
Get info on stock market n share ur info with us......
pls particiapate....
regards,
Priyanka..
Stock Markets
- Thread starter priyanka1987
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priyanka1987
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Sensex dips below 14,000 mark
The market is in a tizzy. The 30-share Sensex again fell below the 14,000 level. At 2 pm, the index was at 13,938, down 290 points or 2%. The low so far for the index is 13,922. It had opened at 14,219, the day's high.
The Nifty was at 4092, down 76 points or 2% from Thursday's close. The 50-share index has seen a low of 4086 today. The high for the day is 4,182, also the open.
The market had got some respite from India's inflation rate coming unchanged at 6.09% in the week ended April 14. It was expected to be higher at 6.14%. But concerns persist over the high number, above Reserve Bank of India's comfort level of 5% for the current financial year, which may prompt the central bank to take measures to contain it.
Banking stocks continued to be badgered down. ICICI Bank was down 3% at Rs 935, State Bank of India down 2.7% at Rs 1,115 and UTI Bank lower by 2%% at Rs 456.
The BSE Bankex Index was down 132 points or 1.82% at 7,124.
Pharma segment has been hit the hardest, with the BSE Healthcare Index down 4% at 3691. Cipla was down 16% at Rs 212, Nicholas Piramal, Sun Pharma, Glenmark and Matrix Labs down more than 3%, while Wockhardt, GlaxoSmithkline, and Aventis down over 2%. This, despite better than expected results from Ranbaxy and GlaxoSmithkline Consumer.
GlaxoSmithkline Consumer Healthcare posted a profit after tax of Rs 42.30 crore for the quarter ended March 31, 2007 compared with Rs 34.50 crore for the same quarter last year. This is a rise of 22% year on year. Total revenue increased to Rs 340.40 crore for the quarter against Rs 283.10 crore last year.
Ranbaxy Laboratories posted a profit after tax of Rs 115.28 crore for the quarter ended March 31, 2007 compared with Rs 50.24 crore same quarter last year. This represents a rise of 130% year on year. Total income for the March quarter increased to Rs 1, 016.04 crore compared with Rs 814.65 crore year ago.
Reliance Industries was down 3.1% at Rs 1,547, moving south with the market. The company's January-March earnings declared Thursday did little to support the stock. Reliance group stocks were also weak. Reliance Natural Resources was lower by 2.34% at Rs 25 and Reliance Petro down 1.3% at Rs 81.
These also proved a drag on peers. ONGC was down almost 3% at Rs 932, Hindustan Petroleum Corporation fell almost 1% to Rs 271 and GAIL slipped by 0.41% to Rs 289.
Sesa Goa was up 0.5% at Rs 1,776, weak from the market trend. Earlier in the day, Vedanta made an open offer at Rs 2,036 per share for additional 20% stake in Sesa Goa, India's biggest non-state iron-ore exporter. The company bought Mitsui's 51% stake in Sesa Goa for $981 million. The present open offer to Indian shareholders opens on June 21 and closes July 10.
:SugarwareZ-064:
priyanka1987
New member
Two dozen bidders for Sharekhan; decision in 10 days
Two dozen bidders are in the fray to either acquire a controlling stake or buy-out Sharekhan, one of India's top five retail brokerage houses. Among the bidders are believed to be several big names such as Blackstone, Goldman Sachs, TPG, 3i, the Nimish Kampani-spearheaded JM Financial, IDFC and the Citigroup.
"We are in the market for raising financial resources and we are getting investment proposals almost everyday. "We have received around two dozen proposals and we are evaluating them," Sharekhan promoter Shripal Morakhia said here today. A decision on the partner can be expected within the next 7-10 days, he said.
However, the buzz in the market is that IDFC and JM Financial are the front-runners to pick up stakes in the retail brokerage. An IDFC spokesperson declined to comment on the matter. JM Financial managing director Vishal Kampani said, "We have not taken any share. It is all mere speculation."
While Morakhia would not reveal a figure, the valuation of Sharekhan is believed to be around Rs 750-800-crore. Morakhia and his family hold 37 per cent stake in Sharekhan, which is the retail broking arm of the financial services group SSKI. Private equity players General Atlantic Partners, Intel Capital and HSBC Private Equity together hold around 45 per cent while the firm's employees hold the remaining stake.
"We have received investment proposals from strategic investors as well as from the financial community," Morakhia said. "We will select our partner only after a thorough vetting as we want a partner who will take along the 3,300 people working with us presently," he said.
According to him, Sharekhan was looking at raising funds to propel its future growth. "We are presently at a stage where we need funds. We need more capital. Our capital base is only one-tenth of our nearest competitor's," he said. The company, which has over 100 offices in over 150 cities, plans to enhance its customer base to one million from the present three-lakh. It also intends to start distributing insurance and mutual funds products.
Morakhia said he was willing to exit the company altogether by selling his entire stake if the buyer so insisted. "I have no problem with that. If our partner wants to ride the tiger by himself, we will step down," he said. The retail equity brokerage space has been an area of special focus for major players given the huge growth in the business in recent times and its future potential. Last year, ABN Amro had launched its retail equity brokerage business in the country while BNP Paribas acquired a 33 per cent stake in Kerala-based Geojit Securities.
:SugarwareZ-158:
Two dozen bidders are in the fray to either acquire a controlling stake or buy-out Sharekhan, one of India's top five retail brokerage houses. Among the bidders are believed to be several big names such as Blackstone, Goldman Sachs, TPG, 3i, the Nimish Kampani-spearheaded JM Financial, IDFC and the Citigroup.
"We are in the market for raising financial resources and we are getting investment proposals almost everyday. "We have received around two dozen proposals and we are evaluating them," Sharekhan promoter Shripal Morakhia said here today. A decision on the partner can be expected within the next 7-10 days, he said.
However, the buzz in the market is that IDFC and JM Financial are the front-runners to pick up stakes in the retail brokerage. An IDFC spokesperson declined to comment on the matter. JM Financial managing director Vishal Kampani said, "We have not taken any share. It is all mere speculation."
While Morakhia would not reveal a figure, the valuation of Sharekhan is believed to be around Rs 750-800-crore. Morakhia and his family hold 37 per cent stake in Sharekhan, which is the retail broking arm of the financial services group SSKI. Private equity players General Atlantic Partners, Intel Capital and HSBC Private Equity together hold around 45 per cent while the firm's employees hold the remaining stake.
"We have received investment proposals from strategic investors as well as from the financial community," Morakhia said. "We will select our partner only after a thorough vetting as we want a partner who will take along the 3,300 people working with us presently," he said.
According to him, Sharekhan was looking at raising funds to propel its future growth. "We are presently at a stage where we need funds. We need more capital. Our capital base is only one-tenth of our nearest competitor's," he said. The company, which has over 100 offices in over 150 cities, plans to enhance its customer base to one million from the present three-lakh. It also intends to start distributing insurance and mutual funds products.
Morakhia said he was willing to exit the company altogether by selling his entire stake if the buyer so insisted. "I have no problem with that. If our partner wants to ride the tiger by himself, we will step down," he said. The retail equity brokerage space has been an area of special focus for major players given the huge growth in the business in recent times and its future potential. Last year, ABN Amro had launched its retail equity brokerage business in the country while BNP Paribas acquired a 33 per cent stake in Kerala-based Geojit Securities.
:SugarwareZ-158:
priyanka1987
New member
Sebi cracks a new IPO scam
The capital market regulator has unearthed a new scam in the IPO market. A few years ago, the new-issue market was rattled by the infamous Roopalben Panchal case, which involved an elaborate scheme to corner share allotment. This time round, it’s a game of price manipulation.
The plot is surprisingly simple. A handful of operators ensure that stock prices shoot up and stay high on the day of listing, as also over the next few trading sessions. The intent is perhaps to corner a chunk of shares intended for retail investors and sell them when demand shoots up.
The regulator, meanwhile, has booked five traders and two brokerages in connection with order book manipulation on the day of listing of securities. The stocks manipulated on the day of listing are Mindtree Consulting, Shree Asthavinayak Cine Vision, Pyramid Saimira, Pochiraju Industries, Cambridge Technologies and Al Champdany Industries (which was transferred to the BSE from the Calcutta Stock Exchange).
The traders booked by Sebi are Latesh Chheda, Viren Kenia, Bhavin Chheda, Chetan Rathod, Dhiren Pajwani while the brokers pulled up are Neptune Fincot and RSS Investment. They have been ordered to “desist from dealing in shares, directly or indirectly, on the day of listing any securities till further directions in this regard”.
The regulator has also warned brokerages Maniput Investments, Magnum Equity Broking and Prashant Jayantilal Patel for allowing some of these operators to trade through them. Pochiraju was listed at a premium of 63% (Rs 45), Mindtree at 60% (Rs 620), Asthavinayak at 18% (Rs 189), Pyramid at 35% (Rs 135), Cambridge at 28.6% (Rs 48.90).
After investigating the listing pattern, Sebi found out that the “dramatic upsurges on the day of listing of securities or soon thereafter” are driven by trades meant to be executed.
In its investigation, Sebi has observed that certain entities have placed an abnormally large share orders at prices far below the prevailing market rates. The intention of placing such orders was, therefore, not genuine trading but only artificial enhancement of demand, which constitutes a manipulative practice.
:tea:
The capital market regulator has unearthed a new scam in the IPO market. A few years ago, the new-issue market was rattled by the infamous Roopalben Panchal case, which involved an elaborate scheme to corner share allotment. This time round, it’s a game of price manipulation.
The plot is surprisingly simple. A handful of operators ensure that stock prices shoot up and stay high on the day of listing, as also over the next few trading sessions. The intent is perhaps to corner a chunk of shares intended for retail investors and sell them when demand shoots up.
The regulator, meanwhile, has booked five traders and two brokerages in connection with order book manipulation on the day of listing of securities. The stocks manipulated on the day of listing are Mindtree Consulting, Shree Asthavinayak Cine Vision, Pyramid Saimira, Pochiraju Industries, Cambridge Technologies and Al Champdany Industries (which was transferred to the BSE from the Calcutta Stock Exchange).
The traders booked by Sebi are Latesh Chheda, Viren Kenia, Bhavin Chheda, Chetan Rathod, Dhiren Pajwani while the brokers pulled up are Neptune Fincot and RSS Investment. They have been ordered to “desist from dealing in shares, directly or indirectly, on the day of listing any securities till further directions in this regard”.
The regulator has also warned brokerages Maniput Investments, Magnum Equity Broking and Prashant Jayantilal Patel for allowing some of these operators to trade through them. Pochiraju was listed at a premium of 63% (Rs 45), Mindtree at 60% (Rs 620), Asthavinayak at 18% (Rs 189), Pyramid at 35% (Rs 135), Cambridge at 28.6% (Rs 48.90).
After investigating the listing pattern, Sebi found out that the “dramatic upsurges on the day of listing of securities or soon thereafter” are driven by trades meant to be executed.
In its investigation, Sebi has observed that certain entities have placed an abnormally large share orders at prices far below the prevailing market rates. The intention of placing such orders was, therefore, not genuine trading but only artificial enhancement of demand, which constitutes a manipulative practice.
:tea:
priyanka1987
New member
sorry ruvi... its related to this subject too.... already there lotta info available....
we would like to continue this thread here only n i would like to request all to participate in this new BBI forum n make it successfull..... keep going...
take care....
Regards,
Priyanka.
we would like to continue this thread here only n i would like to request all to participate in this new BBI forum n make it successfull..... keep going...
take care....
Regards,
Priyanka.
amit_pandey
New member
i need a rpoject on aperformance aprraisal
sachinsreedharan
New member
hey anyone has a project on 'fii investment in stock markets' ?
sarin.vivek
New member
softwares cant possibly b used effectively 2 judge d direction in which d market takes a turn.
maulik9999
Maulik Chheda
i want to knw that what's the role of FII's in the stock market?
sahilmodi86
New member
i m a student of bba preparing project on that