Dec 31 2009 Evening Updates
Deadpresident
Govt to sell 8.4% in NMDC via FPO NMDC
NMDC Ltd. said that the Government will sell a 8.38% stake in the public sector mining and minerals company through a follow on public offer (FPO) in the current financial year. The stake sale is likely to be completed by March 31. “The Government of India has desired to complete the process of disinvestment of 8.38% of paid-up equity in NMDC Ltd., out of the Government’s shareholding through ...
Govt extends deadline for meeting sugar export obligation
The Cabinet Committee on Economic Affairs (CCEA) approved the extension of the period for fulfillment of export obligation of advance license holders who imported raw sugar between Sept. 21, 2004 and April 15, 2008. There was a shortfall in sugar production in 2004-05 sugar season (Oct-Sept). The Central Government, with a view to augment domestic stocks of sugar, allowed import of raw sugar on ‘ ...
3G spectrum auctions likely from Feb 13: report
Bidding process for the third generation (3G) spectrum is likely to start from February 13, according to reports. The last date for accepting applications will be January 25 after which mock auctions will be held on February 10 and the DoT will issue notice inviting applications (NIA) on January 10. The new dates have been set following a decision by the Empowered Group of Ministers to release 3G ...
Asia-Pacific economies may rebound in 2010: S&P
The Asia-Pacific economies are expected to post positive GDP growth in 2010, according to a new report, "Asia-Pacific Economic Outlook Q4 2009: Exit Strategies And Inflation Are Main Issues For 2010 As Region recovers," published by Standard & Poors. But concerns and challenges remain-inflation is an issue for some while the questions of when and how to exit from expansionary monetary and fiscal ...
Weekly Newsletter - Dec 31 2009
The market has had quite a rollercoaster ride in the last couple of years. After hitting all-time highs in January 2008, the market came crashing down like a pack of cards in the wake of the western financial storm and the subsequent economic downturn. The Sensex lost more than 50% as FIIs pulled out US$13bn. The meltdown continued into the initial months of 2009 as well with no signs of ...
High fiscal deficit cannot be sustained for long: FM
India's fiscal deficit can’t be sustained for long, Finance Minister Pranab Mukherjee said. “We shall have to strike a balance between the requirements of the economy and the capacity of the economy to bear this level of fiscal deficit,†Mukherjee told reporters in New Delhi. However, separately, the Finance Minister said that immediate withdrawal of the fiscal stimulus measures may not be the ...
Food price inflation turn higher again
Food price inflation inched higher again in the week ended Dec. 19 after a brief drop in the previous week, data released by the Government showed. Prices of even Non-food items and Fuel products have started firming up, as per the latest Government figures. The point-to-point inflation in the Food Articles group stood at 19.83% in the week under review as against 18.65% in the week ended Dec. 12 ...
Monthly auto, cement sales may set the tone
For the trading fraternity, the New Year begins early as trading starts at 9:00 IST from Monday, 4 January 2010, with stock exchanges deciding to extend trading hours by 55 minutes. Trading will end at 15:30 IST as usual.The first trading day of the New Year marks listing of power utility JSW Energy on Monday. The company had priced its initial public offer (IPO) at the lower end of the Rs 100- ...
Small-cap, mid-cap indices outperform Sensex
The market closed the last truncated week of the year with strong gains after Prime Minister Manmohan Singh said economic growth may accelerate. Prime Minister Singh's forecast in a speech on 28 December 2009, came after the Indian economy expanded 7.9% in the three months ended 30 September 2009, the quickest in six quarters. The growth lagged behind only China among the major world ...
Nifty January 2010 futures above 5,200
Turnover jumpsNifty January 2010 futures were at 5,219.55, at a premium of 18.50 points as compared to the spot closing of 5201.05. Turnover in NSE's futures & options (F&O) segment spurted to Rs 105421.96 crore from Rs 79,691.40 crore on Wednesday, 30 December 2009.The December 2009 derivatives contracts expired today, 31 December 2009. Rollover in Nifty futures from December 2009 series to ...
Asian markets finish 2009 on fabulous note
Hang Seng, Shanghai, Taiex, Sensex, Sydeny, Seoul edge higher as Nikkei, Kospi remain closeStock market in Asian region finished 2009 on higher side on Thursday, 31 December 2009, as a jump in US consumer confidence reinforced views that the world's largest economy is gradually recovering. The key benchmark indices in China, Hong Kong, Singapore and Taiwan rose by between 0.45% - o 1.75%. Markets ...
BSE Bulk Deals to Watch - Dec 31 2009
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **31/12/2009 524412 Aarey Drugs JIPAL SHAH PINESHKUMAR B 30700 42.6331/12/2009 524412 Aarey Drugs BHAVINI VIJAYKUMAR SHAH B 25000 42.7031/12/2009 524412 Aarey Drugs RAMESH DHARSHI KORDIA S 25000 42.7031/12/2009 513513 Aditya Ispat INVENTURE GROWTH & SECURITIES LTD. B 30548 10.4931/12/2009 513513 ...
NSE Bulk Deals to Watch - Dec 31 2009
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks31-DEC-2009,CENTENKA,Century Enka Ltd,SHARAD SHAH,BUY,115952,297.22,-31-DEC-2009,ETC,ETC Networks Limited,SAL REAL ESTATES (P) LTD,BUY,50000,232.16,-31-DEC-2009,FCSSOFT,FCS Software Solutions Li,PATEL PRAKASHBHAI NARSINHBHAI,BUY,2025757,15.01,-31-DEC-2009,ISPATIND,Ispat Industries Limited,JAYPEE ...
Raise a toast for 2010
Today's major news Mahindra & Mahindra to launch mini truck Maxximo at Auto Expo; the stock rises to 1.73% National Thermal Power Corporation set to get nod to sell 10% power at market price; the stock closes the day 1.20 higher Sical wins Rs163 crore order from Hindustan Copper; the stock jumps 9.31% Larsen & Toubro secures orders worth Rs581 crore; the stock surges 0.87% Government to split ...
Sensex vaults 81% in 2009 on ample global liquidity, higher risk appetite
The key benchmark indices attained their highest closing level in nearly 20 months on the last trading day of calendar 2009 as Asian stocks rose. Volatility surged in late trade as traders rolled over positions in the derivatives segment, to January 2010 series from the near-month December 2009 series. The December 2009 derivatives contracts expired today, 31 December 2009. The BSE 30-share ...
NSE BSE Market Timings from Jan 4 2010
NSE BSE MARKET OPEN 09:00 hrs. to 15:30 hrs. MARKET OPEN 09:00 hrs. to 15:30 hrs. CLOSING SESSION 15:50 hrs. to 16:00 hrs. CLOSING SESSION 15:40 hrs. to 16:00 hrs. ...
Sensex, Nifty scale new highs
The key benchmark indices extended early gains to hit their highest level in nearly 20 months tracking firm Asian stocks and higher US index futures. Index heavyweight Reliance Industries extended early gains. Power, auto and realty stocks, also edged higher. The BSE 30-share Sensex was up 158.34 points or 0.93%. The Sensex and S&P CNX Nifty scaled their highest level in nearly 20 months. The ...
Sensex to open gap-up
Headlines for the dayTCS to step up hiring as info-tech spending takes off - Business LineNalco to locate smelter project in East Kalimantan - Business LineBritannia may go for another price revision - DNA MoneyMahindra to trump Ace with Maxximo - Business StandardJSPL may raise offer for Australia's Rocklands - Business StandardEvents for the dayMajor corporate action:Ex-date for dividend of ...
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