Browsing articles in "Domestic Markets"
Apr
23
2012

Indian markets tanked more than 1.5% on global worries:

sensex trading down

The Indian markets today slipped soon after opening in green territory. Nifty closed with a loss of 90.25 points at the crucial level of 5200.60 and Sensex down at 17096.68 down by 277.16 points. The reason for today’s loss is the concern over global cues. The HSBC’s flash manufacturing PMI (Purchasing Manager’s Index) numbers were released for China which showed concerns over contracting economy. China being the Asia’s largest economy had 49.1 PMI in April […]

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Apr
10
2012

IGL hit hard by PNGRB tariff reduction order:

PNGRB, IGL, gas tariff cut

Indraprastha Gas Ltd. (IGL), the major gas supplier in Delhi received a set back today during the opening trade session as Petroleum and Natural Gas Regulatory Board (PNGRB) ordered tariff cut for Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) to Delhi consumers with effect from Monday itself. The regulator has asked to refund the capital according to the new applicable tariff since FY2009, the year IGL came into existence. This news has eroded […]

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Apr
4
2012

An uneventful weekend in the pipeline:

Today as markets were near to close their trading session, all the active investors and traders went glum. The reason for that unsaid unhappiness was a long long weekend ahead. Yes now the markets would trade next on 9th April 2012 owing to gazetted holidays being observed. Today markets showed this fear in their trading pattern too. Investors were not ready to put in their money idle for a long weekend as markets may take […]

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Apr
3
2012

BSE IPO would soon hit the markets:

BSE Sensex

After the MCX IPO received such a warm welcome by the investors all around, the Asia’s biggest stock exchange BSE is also planning to launch it’s IPO in near future. The IPO is expected to arrive within 3-4 months down the line. In order to start up with the process, the exchange will conduct a meeting in the last week of April. But in order to launch the IPO BSE has to follow the listing […]

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Apr
2
2012

Indian markets showed dip after early gains due to PMI data:

Indian stock market

India markets opened in green with early gains of about 0.14% but retreated with the release of HSBC PMI data. The PMI data or HSBC Purchasing Managers’ Index is a measure of both the manufacturing and services sector of Indian economy, as both form the major contributors towards the Indian economic growth. These two sectors constitute 80% of the GDP. According to the latest data released today, the PMI data for March fell to 54.7 […]

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Mar
30
2012

Last trading day for FY12:

Today is the last trading day for FY12. And the Indian markets are waving a decent goodbye to the current financial year. The markets are up around 1.3%. Sensex is trading currently at 17272.45 up by 213.84 points (+1.25%) and Nifty at 5249.95 up by 71.10 (+1.37%) at 10:45 A.M. The advances and decline ratio is also very motivating which is 1048:250. After couple of days markets have shown such a positive move. The markets […]

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Mar
29
2012

NBCC to be listed at Rs. 106 per share:

National Buildings Construction Corporation Ltd. IPO

The National Buildings Construction Corporation (NBCC) issue which came as an IPO, would be listed at an higher end of the price band. The price band for the issue was Rs. 90 – Rs. 106 per share and the price fixed for the listing is Rs. 106. The Empowered Group of Ministers (EGoM) have decided the listing price and that the retail investors will get 5% discount to the issue price i.e. Rs. 100.70 .

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Mar
29
2012

NCDEX bans future contracts in Guar:

Guar trade ban

NCDEX has banned all future contracts in Guar seed and Guar gum from this thursday (29th March 2012). The commodity markets regulator Forward Markets Commission (FMC) has found some irregularities in the trading of the futures contract and has stopped all further contracts. Although all the present holdings are allowed to unwind. The price hike of guar to more than 70% in last few weeks have raised suspicion over the counter. The FMC has probed […]

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Mar
26
2012

Provogue India Ltd.(PIL) relisting:

Provogue

Provogue India Ltd. relisted it’s shares in the markets on 26th March 2012 according to the notice it received from the stock exchanges. The company had to stop the trading in it’s share w.e.f. 7th March 2012 due to the demerger of Prozone Capital Shopping Centres ltd. (PCSCL). Today after the Scheme of Arrangement of PIL, Provogue relisted it’s stock. The counter started to trade with more than 50% loss from it’s previous close. Also, […]

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Mar
26
2012

Stock markets trading at around 1.2% loss:

sensex trading down

The Indian share markets are trading with a loss of around 1.2% till 11:10 A.M. The NSE was hovering around 5210, which is  near it’s three months low. BSE also shed 1.2% in the early morning trading session. The sectors which accounted for this dip are real estate, banking and capital goods. The banking and capital goods sector were down by 1.6% and 1.12% respectively. Experts believe that the markets have now bottomed out and […]

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