Yesterday: Market tanked down in few minute by another 500 points from the top and closed down by 250 points. Friday’s sell off is mainly done by reliance stock which melt down by 4-5%.
Today: Indian Stock Market is expected to open widely negative. Nifty is expected to open 1% down. It would be very interesting to see whether nifty will trade below 3900 mark and if it is so ...
Congratulations once again,
I heartily congratulate to all of our Paid Subscribers, Financial Analysts and Fund Managers at EquityPandit.com for the fabulous outputs given for the month of May even when market seem to be quite volatile. The month was not quite good for stock market trading and investments as two bad news followed i.e. RIL-RNRL case and Budget. Because of these two bad news, Market went sharply down. Three of our calls are still in open position. The calls given by EquityPandit.com for EP-BASIC package gave a profit of whooping 55.45% after deduction of brokerage charges. This proves ...
Sterlite Energy, a part of Vedanta Group firm Sterlite Industries, may hit the capital market soon with a public offering to raise up to Rs 3,000 crore to part finance its expansion plans.
It is expected that Sterlite Energy will come out with an initial public offer (IPO) in next 3-4 months," sources close to the development said. The company may dilute up to 10 per cent of its stake to raise about Rs 3,000 crore to fund its expansion program.
Sterlite Energy is working to set up two commercial power projects -- a 2,400 Mw plant at Jharsuguda in Orissa and another 1,980 ...
Fundamentals of Stock Market: Tutorial-6
Technical Analysis: What Is A Chart?
In this section we would provide information regarding charts i.e. basic definition of charts and its properties.
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FII and DII activity that was seen on Friday, July 10, 2009 is shown below. The report shows that FII were net sellers of Rs 903.32 crore where as DII saw buying of Rs 886.13 crore.
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India's industrial output rose by a faster-than-expected 2.7 percent in May from a year earlier, data showed on Friday. Manufacturing sector output during May rose by 2.5 per cent, while the mining sector and power generation grew 3.7 per cent and 3.3 per cent, respectively.
Industrial growth during April, the first month of the current fiscal, was 1.2 per cent, according to the industrial production data released by the government today.
The cumulative growth rate during April-May works out to 1.9 per cent, down from 5.3 per cent during the corresponding period last fiscal.
According to the ...
Infosys Technologies, India's second largest software services exporter, has posted a 17.2 per cent increase in net profit to Rs 1,527 crore for the first quarter ended 31 March, 2009 when compared with the corresponding quarter a year ago.
Total Income for the first quarter has increased by close to 12.7 per cent to Rs 5,741 crore. Net profit for quarter ending June was Rs 1,527 crore, 17% higher than Rs 1,302 crore in the same period a year ago. How-ever, it was down 5.3% against March quarter levels of Rs 1,613 crore.
Infosys, India’s second biggest software exporter by revenues, ...
Yesterday: Was an another boring day for the market as we have witnessed both side movements in a narrow range so definitely market still is not able to decide which side to go. Market closed pretty flat.
Today: Indian Stock Market is expected to open flat to negative as global cues are quiet. All eyes are now set on Infosys result which would decide the direction of the market at least for a ...
FII and DII activity that was seen on Thursday, July 09, 2009 is shown below. The report shows that FII were net seller of Rs 545.55 crore where as DII saw buying of Rs 578.16 crore.
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Citigroup announced its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake.
The changes, announced on Thursday, come as Chief Executive Vikram Pandit faces intense pressure to improve performance, rebuild the executive ranks in consumer banking, and shed unwanted assets. Citigroup has lost $36 billion over six quarters and received a series of federal government bailouts.
Several analysts called the management changes encouraging, ...
Yesterday: As predicted by us, Indian Stock Market opened with a negative gap and went down sharply. But due to partial short covering it recovered almost 250 points in mid session. At every higher level, shorts were seen which brought down the market to about 400 points.
Today: Indian Stock Market is expected to open flat to negative after yesterday’s big fall. We are expecting quite trading in the first ...
FII and DII activity that was seen on Wednesday, July 08, 2009 is shown below. The report shows that FII were net seller of Rs 828.01 crore where as DII saw buying of Rs 594.07 crore.
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Acting on the government's disinvestment plans, state-run NHPC will hit the market with its initial public offering of shares to mop up Rs 1,670 crore next month.
"NHPC's IPO will come in August; the company has already started the road shows for the same," Power Secretary H S Brahma told reporters here today.
The company's public offer will account for 10 per cent of its present equity, while the government will divest a five per cent stake of the 100 per cent it currently holds.
NHPC plans to issue fresh equity of Rs 1,670 crore through the IPO, and ...
Oil India, the nation's second-largest state-run explorer, is likely to launch an initial public offering (IPO) in the first week of September.
"We are going ahead with the IPO. Road shows will be held in August and the offering will open for public subscription in the first week of September," a company official said.
OIL, which produces 3.5 million tons a year of oil, will offer 2.64 crore equity shares to public in the IPO, while the government will simultaneously sell 10 per cent of its stake in the company to state refiners.
He, however, added that the final timing of the IPO would depend on market conditions. "As of now ...
G8 leaders believe the world economy still faces "significant risks" and may need further help, according to summit draft documents.
G8 summit began on Wednesday cautioned that "significant risks remain to economic and financial stability" while "exit strategies" from pro-growth packages should be unwound only "once recovery is assured."
"Before there is talk of additional stimulus, I would urge all leaders to focus first on making sure the stimulus that has been announced actually gets delivered," Canadian Prime Minister Stephen Harper ...
