Archive for May, 2009

Good News For IPO Investors

May 30, 2009 by  |  No Comments

Good News For IPO Investors

Most investors who bet their money on initial public offerings during the heady days of the 2007-08 bull market can heave a sigh of relief. The near 80% rally in key indices since March has translated into even bigger gains in the broader market, with the result that many of the recent listings are trading [...]

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Rishabhdev Technocable Ltd IPO opening on Jun 04

May 30, 2009 by  |  No Comments

Rishabhdev Technocable Ltd IPO opening on Jun 04

Rishabhdev Technocable, a cable manufacturing and trading company is entering the capital market with its initial public offer of 90,00,000 equity shares of Rs 10 each. The issue will open on June 4, 2009 and close on June 9, 2009.  The price band  is fixed at Rs 29-33 per share. The issue comprises a promoters [...]

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Satyam to offer 40% salary

May 30, 2009 by  |  No Comments

Satyam to offer 40% salary

Satyam to offer 40% salary as separation package to 10,000 staff Satyam Computer, a global IT and service provider company is all set to offer 40% of salary for six months to a majority of 10,000 excess staff as a division package being firmed up by the beleaguered IT firm, reports Economic Times. The top [...]

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Revision of Market Lot of Derivative Contracts

May 30, 2009 by  |  No Comments

NATIONAL STOCK EXCHANGE OF INDIA LIMITED FUTURES AND OPTIONS SEGMENT CIRCULAR Circular No.: NSE/F&O/042/2009 Download No. NSE/FAOP/12491 Date: May 29, 2009 Dear Members, Subject: Revision of Market Lot of Derivative Contracts Exchange reviews on a periodic basis the contract size/value of derivative contracts based on prescribed minimum value of INR 200,000 as per SEBI circular [...]

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MCXCOMDEX Trades Higher

May 29, 2009 by  |  No Comments

At the Multi Commodity Exchange (MCX), MCXCOMDEX is trading up by 10.89 points, or 0.49%, at 2,249.14 after opening at 2,239.39. (12.56 p.m.) Other index like MCXMETAL is trading upward by 17.04 points, or 0.67%, at 2,569.11 after opening at 2,555.03. Meanwhile MCXENERGY is trading up 10.12 points, or 0.44%, at 2,293.74 after opening at [...]

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Nifty Support Levels by Geojit BNP Paribas Financial Services

May 29, 2009 by  |  No Comments

Nifty has support at 4,100 and 3,956 levels Alex Mathews head, research centre – Geojit BNP Paribas Financial Services commenting on the market outlook said, ”For Nifty the resistance is there at 4,500 and 4,550 levels while supports are there at 4,100 and 3,956 levels”. Discussing on the market performance of the day (May.29, 2009) [...]

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Buy Bharat Forge Rs 177.30

May 29, 2009 by  |  No Comments

We recommend a buy in Bharat Forge stock from a short-term trading perspective. After recording a multi-year low of Rs 69 this January, the stock formed a base consolidating sideways in the range of Rs 70 and Rs 90. The stock has developed a cup-and-handle formation between October 2008 and April 2009 that is a [...]

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Rupee Appreciates vs USD

May 29, 2009 by  |  No Comments

Rupee appreciates 1.13% vs USD at 47.29 The Reserve Bank of India’s reference rate for rupee appreciated 1.13% against US dollar to 47.29 on May 29, as compared with previous working day of  47.83 (May 28). Meanwhile, the rupee depreciated 0.03% against Euro to 66.18 on May 29, as compared to 66.16 on May 28. [...]

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Short Crude June Kedia

May 29, 2009 by  |  No Comments

Crude oil rallied toward USD 65 a barrel after government data showed that domestic crude inventories dropped much more than expected last week as refineries ramped up operations and imports fell, said Ajay Kedia, managing director, Kedia Commodities. Technically, Crude had taken the support at Rs 3,000 level on MCX and now momentum is very [...]

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Hopes of Free Fuel Pricing

May 29, 2009 by  |  No Comments

The benchmark indices showed spectacular performance on the first day of June series. Positive announcements from the oil ministry about deregulation of oil prices and better-than-expected GDP (Gross Domestic Product) numbers elevated the confidence level among the investors and helped the markets to remain on the higher side. Good global cues also aided the positive [...]

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