FII and DII activity that was seen on Thursday, March 19, 2009 is shown below. The report shows that FII were net buyer of Rs 23 crore where as DII saw selling of 18.75 crore.
FII trading activity ...
Windpower major Suzlon Energy said on Thursday that it is exploring ways to raise funds, including private equity placement, for funding its operations and growth plans.
"The company is exploring various options to raise finance for its operations and growth plans and private equity placement is one of them," Suzlon Energy said in a filing to the Bombay Stock Exchange (BSE).
World’s fifth largest wind turbine maker is mulling PE placement through a possible stake sale, to raise finance.
Shares of Suzlon were on a northward journey for the past four trading sessions, surging as much ...
Inflation for the week ended March 07, 2009 fell to an all time low of 0.44% as compared to 2.43% a week earlier. The sharp fall in inflation was due to several factors including lower prices of food and fuel items. Annual inflation as measured by Wholesale Price Index (WPI) was at 2.42% in the week before and at 7.78% in the corresponding week last year....
Zee Entertainment Enterprises Ltd has informed that on health grounds, Mr. D P Naganand, a Non-Executive Independent Director of the Company has resigned from the Directorship of the Company, effective from March 16, 2009.
IFCI Ltd has also informed BSE that Shri Thomas Mathew T. has resigned as Director of the Company.
Yesterday: Indian Stock Market went up as expected but it loose some strength due to profit-booking in the second half of the yesterday’s session.
Today: Now since the market was unable to cross our resistance level of 9100 for sensex and 2850 for Nifty, shorting can be done at higher levels. Check our post Does market made a bottom? for the ...
Today lot amount of buying was seen by both FII and DII in Indian Stock Market. FII and DII activity that was seen on Wednesday, March 18, 2009 is shown below. The report shows that FII were net buyer of Rs. 222.14 crore where as DII saw enough buying of 526.34 crore.
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Every time the market bounces back from over sold zone, the Bulls waste no time in claiming that the bad news is over. But let me assure you there are no ‘V’ shaped recoveries in this kind of a global economy. Yes, any pull back is positive and good for the trading community. But, ignoring the complete picture & believing that bottom has formed is a big mistake.
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Advance tax collection shown a decline of around 6% year-on-year i.e. March 2008 to March 2009. Banks are the star performer of this else this decline would have definitely been deeper and it would have been. The exact collection of advance tax YoY is Rs 10,886 crore versus Rs 11,640 crore.
We got some fresh numbers from banks––Yes Bank, Kotak Mahindra Bank––all have shown good numbers. So quite clearly banks were the best performing sector in terms of advance tax collections and helping the I-T Department in terms of the decline not being as high as was expected earlier by analysts.
There were also an interesting ...
Yesterday: Indian Stock Market went down sharply in the afternoon around our resistance level of 2800 for Nifty and closed at 2757 for Nifty.
Today: Indian Stock Market still looks up. We firmly believe that market should go high but make long position only when it crosses the target of 9100.
BSE Sensex: (8864) The support for ...
INSTANEX: The Instanex FII Index was down 1.12% to 198.53 with the Instanex Retail 15 portfolio close behind, down 1.06%. Reflecting this trend Sensex was down 0.89%, Nifty lost 0.71%, the Instanex DII 15 portfolio was down 0.60%, the Instanex Top 15 portfolio was down 0.58% and the Instanex Promoter 15 portfolio was down 0.43%.
Out of the 15 companies of the Index, 11 were down while four were up. The main losers were TCS (-4.31%; weight 2.72%), SBI (-3.87%; weight 3.35%) and HDFC Bank (-2.27%; weight 5.14%) while the main ...
Today some different numbers were seen in FII and DII activity. It was just opposite to what was happening for last couple of weeks. FII and DII activity that was seen on Tuesday, March 17, 2009 is shown below. The report shows that FII were net buyer of Rs. 415.12 crore where as DII saw selling of -152.7 crore.
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Norwegian telecom group Telenor said it would take a stake of 67.25, up from a previously planned 60 percent, in Unitech Wireless. It said the stake purchase will be completed by the end of 2009.In a statement on Tuesday Telenor said it would take a stake of 67.25, up from a previously planned 60 percent, in Unitech Wireless. It said the stake purchase will be completed by the end of 2009.
The ownership share will increase from 60 to 67.25 percent for the same capital injection. This brings down the enterprise valuation of Unitech Wirelsss to about Rs 10,900 crore.
Analysts and shareholders ...
India's combined fiscal deficit is likely to reduce slightly to 10.3 percent of the country's gross domestic product (GDP) in the coming fiscal year starting April 1, from 10.8 percent in 2008/09, Nomura said in research note on Tuesday.
The government's gross market borrowing is seen at $83 billion in FY10, compared with the government's estimate of 3.62 trillion rupees ($70.1 billion).
Nomura also expects the government to announce an additional 0.6 percent of GDP of planned expenditure at its final budget in June/July.
"On the fiscal policy front, little is likely ...
The country's largest life insurance company, LIC, has raised its stake in public sector lender State Bank of India to 9.16 per cent by acquiring additional 1.34 crore shares of the bank for Rs 1,484.12 crore.
LIC has also increased its stake in Cummins India and IOB.
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State Bank of India (SBI) has turned out to be the largest tax payer in the country for the fiscal year 2008-09. SBI had a tax outgo of Rs 5,733 crore for the fiscal year ending March 31, 2009. This is a 41% increase over the tax it paid last year. The bank’s tax outgo during the January-March quarter is Rs 1,810 crore.
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Bettertrades founder Freddie Rick provides tips and strategies to help excel in the stock market.
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