Paid Tips of 30th Sep

30th Sep, 2011

Today is the last day when we are posting our paid tips here. Please de-activate DND on your mobile numbers to receive our sms.

Kindly call your operator (Reliance, Airtel, Vodaphone etc) to get the details

Nifty Fut yst 5036 Sup 4970 Res 5070 Short Nifty Fut ard 5000 tgt 4980/4970/4960+ TSL 30
Buy Nifty PE 5000 ard 140 tgt 150/160/170+ SL 118(2d)
Buy Infosys PE 2500 ard 90 tgt 99/108/114+ SL 76(3d)
Buy Reliance Infra PE 400 ard 23 tgt 26/29/32 SL 16(3d)

ID
Sell Sesa Goa tgt 187/185 SL 194
Sell King fisher tgt 22/21 SL 25

ST
Alok Ind 17 tgt 19/21(1M)
Excel Crop 156 tgt 170/180(1M)

Jackpot
ARSS Infra tgt 340/350+

BSE Sensex climbs 1.53% as market in upturn

The BSE Sensex jumped 252.05 points or 1.53% to settle at 16,698.07, its highest closing level since 21 September 2011. The index jumped 310.06 points at the day's high of 16,756.08 in late trade. The index lost 129.36 points at the day's low of 16,316.66 in morning trade, its lowest level since 27 September 2011.

The S&P CNX Nifty jumped 69.55 points or 1.41% to settle at 5,015.45, its highest level since 21 September 2011. The Nifty hit a high of 5,034.25 in intraday trade. The Nifty hit a low of 4,906 in intraday trade, its lowest level since 27 September 2011.

The BSE Mid-Cap index fell 0.16% and the BSE Small-Cap index declined 0.11%. Both these indices underperformed the Sensex.

The total turnover on BSE amounted to Rs 2261 crore, lower than Wednesday's Rs 2516.08 crore.

Market Breadth:

Positive 1270 Negative 1515 Unchanged 101
From the 30 share Sensex pack, 23 rose and rest fell.

Food inflation soars 9.13% for the week closed September 17

According to Pranab Mukherjee, the Finance Minister, the food inflation soared to 9.13 percent for this week that concluded September 17 as compared to the last week’s 8.84 percent.

PVR aims EBITDA margin from 22% to 25%

In the latest statement made by the president and chief executive officer of PVR Ltd, Pramod Arora, they are obtaining nearly 30% occupancy expansion in the present quarter as they eye 22-25% EBITDA margin.

Rupa & Co eyes 20% CAGR, 36% PAT in 2011

According to the executive director of Rupa & Co, Ramesh Agarwal, they are anticipating CAGR of nearly 20%, increase in PAT of about 36% as well as margins rise beyond 10-11% of the previous year.

Airtel ties up with NSN for 2G, 3G biz in Africa

Bharti Airtel, the nation’s biggest independent telecom firm, this day has already embarked on a deal with Nolia Siemens Networks to widen up its 2G network and implement 3G network in seven nations of Africa.

IPO of Flexituff International launched to be subscribed

The 67.5 lakh equity shares IPO of Flexituff International, a major firm engaged in integrated production of FIBC or flexible intermediate bulk containers, was already launched this day to be subscribed.

Swajas Air Charters reduces IPO price range to Rs 84-90 per share

Swajas Air Charters, a firm engaged in air charter services, was compelled to decrease the price range of its IPO to Rs 84-90 as compared to the previous Rs 90-100 per share due to bad weather. The firm has reset the closing date from Sept. 28 to Oct. 5.

Taksheel Solution launches IPO worth Rs 80 crore

Taksheel Solutions, an I.T. company, already launched its IPO worth Rs 80 crore this day to be subscribed, according to the firm’s chairman as well as managing director, Pavan Kumar Kuchana.

Paid Tips of 29th Sep

SMS delivery issues still continues

29th Sep, 2011
Expiry Volatile day
Nifty Fut yst 4941 Sup 4890 Res 5000 Risky Long Nifty Fut later ard 4900 tgt 4920/4935/4950+ TSL 30
Buy Oct Nifty CE 5000 ard 106 tgt 120/130/140/150+ SL 85(4d)
Buy Oct Tata Motors PE 150 ard 7.5 tgt 9/10/11 SL 4(5d)

ID
Sell Sesa Goa tgt 193/191 SL 199
Sell JSW Steel tgt 564/560 SL 576

ST
NK Industries 65 tgt 70/74(1-2M)
EPC Ind 125 tgt 135/142(1M)
Excel Crop 160 tgt 170/180(1M)

Jackpot
J Kumar Infra tgt 133/139+

TTK Prestige plans tie up with kitchenware unit

TTK Prestige has been aiming to have a joint venture with an unlisted firm Triveni Bialetti Industries in an offer to widen up its kitchenware venture, according to the firm’s chairman TT Jagannathan.

Onelife Capital Advisors opens IPO this day

Onelife Capital Advisors, a monetary service firm, already launched its 33.5-lakh equity shares IPO to be subscribed his day wherein it plans to accumulate Rs 33.50-36.85 crore by means of this issue with a price range of Rs 100-110 every share.

IPO of M and B Switchgears launched to be subscribed this day

M and B Switchgears, a transformer manufacturing firm, already launched its 50-lakh equity shares IPO to be subscribed this day wherein it aims to accumulate beyond Rs 90 crore by means of this issue.

RDB Rasayans fixes Rs 79 per share issue price

RDB Rasayans, a packaging material production firm, already set the issue price for its 45-lakh equity shares IPO with a price range of Rs 72-79 every share wherein Rs 35.55 crore was accumulated through it.

Infonet IT Solutions submits DRHP for IPO worth Rs 60 crore

Infonet IT Solutions aims to accumulate Rs 60 crore by means of IPO for its widening of operations. The firm already submitted its DRHP or Draft Red Herring Prospectus with SEBI.

Flexituff International enters principal markets in India with IPO

Flexituff International, a major firm engaged in integrated production of Flexible Intermediate Bulk Containers or FIBC, has embarked the principal markets in India with its IPO for 67.5 lakh equity shares.

SMFL submits DRHP for initial share sale worth Rs 1,750 crore

Samvardhana Motherson Finance Ltd or SMFL announced this day that it already submitted Draft Red Herring Prospectus or DRHP with SEBI for initial share sale to accumulate more or less Rs 1,750 crore.

BSE Sensex sinks 0.47% as market slumps again

The BSE Sensex lost 78.01 points or 0.47% to settle at 16,446.02, its lowest closing level since 26 September 2011. The index rose 139.23 points at the day's high of 16,663.26 in early trade, its highest level since 22 September 2011. The index lost 160.40 points at the day's low of 16,363.63 in mid-afternoon trade.

The S&P CNX Nifty lost 25.35 points or 0.51% to settle at 4,945.90, its lowest closing level since 26 September 2011. The Nifty hit a high of 5,006.05 in intraday trade, its highest level since 22 September 2011. The Nifty hit a low of 4,918.45 in intraday trade.

The BSE Mid-Cap index fell 0.88% and the BSE Small-Cap index declined 0.97%. Both these indices underperformed the Sensex.

The total turnover on BSE amounted to Rs 2508 crore, higher than Tuesday's Rs 2387 crore.

Market Breadth:

Positive 1038 Negative 1772 Unchanged 102
From the 30 share Sensex pack, 21 fell and rest rose.

Paid Tips of 28th Sep

Thanks to TRAI regulations, sms delivery is still not settled. Till then reach us to get the right delivery mode


28th Sep, 2011

Nifty Fut yst 4983 Sup 4950 Res 5050 Risky Long Nifty Fut ard 4983 tgt 5003/5016/5028+ TSL 30
Buy Nifty CE 5000 ard 33 tgt 38/42/46/50+ SL 21(2d)
Buy Reliance Ind CE 800 ard 10 tgt 14/18/22+ SL 1(2d)

ID
Buy Coal India tgt 364/367 SL 354
Buy Canara Bank tgt 449/453 SL 438

ST
Torrent Power 219 tgt 239/249(1-2M)
Singer India 39 tgt 42/44(-12M)

Jackpot
Reliance Ind tgt 808/814/818+
DLF tgt 224/228+

Vizag Steel Plant makes record turnover worth Rs 11,517 crore

According to the Chairman and Managing Director of Rastriya Ispat Nigam Ltd, A P Choudhary, Visakahaptnam Steel Plant already made a sales turnover worth Rs 11,517 in the financial year 2010-2011, a record high for the firm.

Royal Bank of Scotland makes sale of PG Electro’s 4.4 lakh shares

The Royal Bank of Scotland already made a sale of 4,41,630 equity shares of PG Electroplast, an electronic production firm, to the price of Rs 212 per share which was higher than the Rs 210 issue price.

IPO of Tijaria Polypipes worth Rs 60 crore debuts this day

Tijaria Polypipes, a firm based in Jaipur, already launched its IPO worth Rs 60 crore to be subscribed this day. The firm offers 1 crore equity shares by means of this issue for Rs 60 every equity share.

Reliance Communications to put on sale Reliance Infratel

Reliance Communications announced this day that they are under negotiations with several firms to sell Reliance Infratel, its telecom tower subsidiary, in one of the blockbuster deals in India.

Reliance Capital to sell shares to Nippon

According to Anil Ambani, the Chairman of Reliance Capital, the firm has been eyeing at a possible selling of shares in its asset management as well as mutual funds venture to Japan’s Nippon Life.

Shoppers Stop to make two-fold its turnover until 2015

Shoppers Stop, one of the pioneers in organized retailing service in India, already entered on an insistent expansion road despite soaring contentions among Indian along with international companies as it aims to make two-fold its sales until 2015.

ABG Ports, PSA of Singapore obtain Rs 6700 crore JNPT venture

An association of ABG Ports as well as PSA of Singapore already obtained a venture for constructing a number four terminal located at the JNPT or Jawaharlal Nehru Port Trust worth Rs 6,700 crore.

Hitachi, SFO Technologies to seal power merger deal

Hitachi Ltd as well as SFO Technologies, a NeST Group firm based in Kochi, already informed this day that they sealed a deal to establish a merger for high-tech control systems for thermal energy refineries.

Reliance Power plans to boost production to 5,000 Megawatts

In the latest development, Reliance Power has already announced to its investors this day that it has been anticipating to boost energy production to 5,000 MW most probably in December 2012.

Honda introduces Brio for small auto industry segment in India

The third rank car manufacturer in Japan, Honda Motor Co, already introduced its small auto Brio this Tuesday as this firm has been aiming to widen up its business in the small car industry segment in India.

US-based unit of Glenmark obtains provisional USFDA nod for drugs

Glenmark Pharmaceuticals, a medicine company, announced this day that its US-based unit, Glenmark Generics Inc., already obtained provisional authorization from the USFDA for its generic Zolmitriptan drugs intended to cure migraines.

BSE Sensex soars 2.95% as market bounces back

The BSE Sensex jumped 472.93 points or 2.95% to settle at 16,524.03, its highest closing level since 21 September 2011. The index jumped 500.55 points at the day's high of 16,551.65 in late trade. The index rose 231.64 points at the day's low of 16,282.74 in early trade.

The S&P CNX Nifty surged 135.85 points or 2.81% to settle at 4,971.25, its highest closing level since 21 September 2011. The Nifty hit a high of 4,982.95 in intraday trade.

The BSE Mid-Cap index rose 1.6% and the BSE Small-Cap index gained 1.36%. Both these indices underperformed the Sensex.

The total turnover on BSE amounted to Rs 2365 crore, lower than Monday's (26 September 2011) Rs 2923 crore.

Market Breadth:

Positive 1877 Negative 953 Unchanged 106
From the 30 share Sensex pack, 29 rose and rest fell.

Paid Tips of 27th Sep

Paid tips of 27th Sep, 2011

Because of TRAI regulations, SMSes are not getting delivered. Hence we are putting the paid tips of today directly open on the website so that paid members can get it from here as well.

On the other hand, non-paid members can use it as a free trial :-)

Nifty Fut yst 4840 Sup 4880 Res 4980 Long Nifty Fut ard 4900 tgt 4925/4935/4945+ TSL 30
Buy Nifty CE 4900 ard 32 tgt 38/42/46 SL 18(2d)
Buy TCS CE 1000 ard 19 tgt 23/27/30+ SL 11(3d)
Buy ICICI Bank CE 860 ard 13 tgt 17/19/21/23 SL 9(3d)

ID
Buy Petronet LNG tgt 158/160 SL 154
Buy JP Associates tgt 70/71 SL 67

ST
Hathway Cable 88 tgt 96/99(1-2M)
Jayaswal Neco 21 tgt 23/25(1-2M)

Jackpot
Reliance Ind tgt 785/795+

Parsvnath obtains investors’ consent to accumulate utmost Ts 2000 crore

Parsvath, a realty developing firm, announced this day that it already obtained consent of investors to accumulate utmost Rs 2,000 crore by means of securities’ issue to QIB or qualified institutional buyers.

Defence Minister postpones Pipavav-Mazagon merger

The Defence Ministry made a decision to postpone the recommended naval shared enterprise of Pipavav Shipyard with Mazagon Dock to construct submarines as well as warships following their competitors raised issues.

According to Coal India Ltd or CIL Chairman N C Jha, the recommended cost increase by this government-managed firm will probably occur prior to the st

According to Coal India Ltd or CIL Chairman N C Jha, the recommended cost increase by this government-managed firm will probably occur prior to the start of 2012 following the assessment of the effect of the wage alteration.

FPO of BHEL will possibly occur prior to ONGC FPO

In the latest statement released by the Disinvestment Secretary Mohammad Haleem Khan, the FPO of Oil and Natural Gas Corporation is set to be evaluated following a fortnight wherein the FPO of BHEL will possibly occur before FPO of ONGC.

IPO of Indo Thai Securities to be launched this end-September

Indo Thai Securities, a stock broker, has been planning to introduce its 40-lakh equity shares IPO to be subscribed this coming September 30. This issue, with a price range set from Rs 70-84 every share, is scheduled to conclude by Oct 5.

PG Electroplast slides lower than issue price on debut day

PG Electroplast, a firm engaged in electronic production services, obtained negative remarks from stockholders through enlisting lower than the issue price of Rs 210 on its debut day wherein a share was traded early at Rs 200.

IPO of Swajas Air Charters launched this day

According to Swajas Air Charters, its IPO worth Rs 37.5 crore was already launched this day to be subscribed wherein the price range was set from Rs 90 to Rs 100 every share.

Elder Pharma investors allows 30% final dividend for fiscal year 2011

In the latest statement released by Elder Pharmaceuticals, the firm announced that its investors already gave consent on the final dividend of 30 percent for the fiscal year that concluded last March 31.

Business not affected by fire at Chennai laboratory

According to the managing director of Orchid Chemicals & Pharmaceuticals Ltd, K Raghavendra Rao, there was a fire incident in one of their R&D laboratories located near Chennai at Sholinganallur. Nevertheless, their business continued without being affected by fire.

Eveready Inustries India aims land sale for around Rs 200 crore

Eveready Industries India has been aiming to put on sale about 60-70 acre of terrain in Delhi, Hyderabad as well as Bangalore to make arrears payment for more or less Rs 200 crore, according to the firm’s executive vice president, Deepak Khaitan.

Wipro under negotiations to put on sale assets in Infocrossing

The third ranking Indian firm engaged in exporting software services, Wipro, has been aiming to sell data centers as well as assets in computer hardware of its US-based subsidiary, Infocrossing, that could amount from USD 300 million to USD 400 million.

BSE Sensex drops 0.69% as market plummets

The BSE Sensex shed 110.96 points or 0.69% to settle at 16,051.10, its lowest closing level since 26 August 2011. The index lost 361.05 points at the day's low of 15,801.01 in mid-morning trade. The index rose 47.13 points at the day's high of 16,209.19 in early trade.

The S&P CNX Nifty was down 32.35 points or 0.66% to settle at 4,835.40, its lowest closing level since 26 August 2011. The Nifty hit a low of 4,758.85 in intraday trade.

The BSE Mid-cap index fell 1.47% and the BSE Small-Cap index declined 1.67%. Both these indices underperformed the Sensex.

The total turnover on BSE amounted to Rs 2147 crore, lower than Rs 2644.44 crore on Friday, 23 September 2011.

Market Breadth:

Positive 779 Negative 1987 Unchanged 99
From the 30 share Sensex pack, 21 fell and rest rose.

Huge profit in our Options

On 22nd September, Sensex fall by over 700 points and Nifty by over 200 points

We made huge profits in our Puts

Buy Nifty PE 5100 @open tgt 10/20/30(intra) SL 20

82 to 250

200% profit

Rs 8400 per lot

Buy Hero Moto PE 2150 ard 50 tgt 55/59/63+ SL 38(2d) Lot 250

50 to 74

50% Profit

Rs 6000 per lot

Month	No of Tip	Accuracy	Profit
2011, August	58	83%	196783
2011, July	61	82%	194869
2011, June	68	82%	207896
2011, May	49	88%	134860
2011, April	46	78%	91088

Detailed Option Tips

Jackpot Tips August Performance

Month	No of Tip	Accuracy	Avg Return
2011, August	28	89%	7.24%
2011, July	30	83%	6.84%
2011, June	28	96%	6.07%
2011, May	17	94%	5.68%
2011, April	24	83%	5.87%

Detailed Jackpot Tips

We have three Packages

1) 12 Months - Rs 5400

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We have an accuracy of 80-90% You can check our past performance of Jackpot Tips.

Swift Lab receives Australia’s consent for its Dera Bassi refinery

Swift Laboratories, a medicine company, announced this day that it already obtained authorization from TGA or Therapeutic Goods Administration of Australia to produce seven APIs or active pharmaceutical ingredients at its Punjab-based Dera Bassi refinery.

SCI to make investment on 24 new ships worth Rs 3,700 crore

B K Mandal, the SCI or Shipping Corporation of India Finance Director, announced this day that they are aiming to make investment of Rs 3,700 crore in the current financial year to purchase 24 additional vessels across types.

KPIT Cummins says decline in rupee to increase return, profit

The managing director and CEO of KPIT Cummins Infosystem, Kishore Patil, revealed that the although rupee already declined to its lowest beyond two years and four months this Friday while the dollar became strong, it is still an indication of an increase in return and profit.

BSE Sensex slides 1.22% as market still on red

The BSE Sensex shed 199.09 points or 1.22% to settle at 16,162.05, its lowest closing level since 26 August 2011. The index rose 7.26 points at the day's high of 16,368.41 in mid-afternoon trade. The index fell 308.68 points at the day's low of 16,052.47 in mid-morning trade.

The S&P CNX Nifty shed 55.90 points or 1.148% to settle at 4,867.75, its lowest closing level since 26 August 2011. The index hit low of 4,829.60 in intraday trade.

The BSE Mid-Cap index fell 0.84% and the BSE Small-Cap index declined 1.13%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2635 crore, lower than Rs 2818.81 crore on Thursday, 22 September 2011.

Market Breadth:

Positive 973 Negative 1832 Unchanged 107
From the 30 share Sensex pack, 19 fell and rest rose.

HomeShop18 predicts two-fold profits until 2012

According to the CEO of HomeShop18, Sundeep Malhotra, this day announced that they have been planning to make two-fold its profit this financial year while widening up businesses in one and a half years.

IPO of Swajas Air Charters to launch this September 26

Swajas Air Charters, an air charter services supplier, intends to embark into the capital markets with IPO worth Rs 37.5 crore this coming September 26. The firm already set the price range to Rs 90-100 every share.

Prakash Constrowell fixes Rs 138 per share issue price

In the latest development, Prakash Constrowell, a construction firm, already set the issue price at a range of Rs 130-138 every share wherein the firm already accumulated Rs 60 crore via issue of 43,47,826 equity shares.

Flexituff International sets IPO cost range at Rs 145-155 per share

A top integrated producer of FIBC or Flexible Intermediate Bulk Containers, Flexituff International, intends to embark into the capital industry in India with its IPO worth in the range of Rs 145-155 each share for the 67.5 lakh equity shares.

Power Minister declares modifications in bidding files looms

In a statement made by G B Pradhan, the Special Secretary in the Power Ministry, he announced this day that the state admin has been mulling over modifications in the benchmark bidding files for granting upcoming energy ventures.

Federal Bank aims venture into credit card

According to the executive director of the private segment lending firm Federal Bank, Abraham Chacko, they have been aiming to have a venture in credit card industry as an expansion of its business in retail clientele.

GVK Power aims Australian, foreign banks to get around $6-7 billion funds

GVK Power & Infrastructure this day announced that it has been aiming to deal with Australian and foreign banking firms to accumulate financing for investing in coal assets in Hancock worth around USD 6-7 billion.

KISS, Intel Technology sign MoU for education advocacy

A memorandum of agreement or MoU has been sealed by KISS or Kalinga Institute of Social Sciences and Intel Technology India for advocacy of education among ethnic young people and out-of-school kids, viable improvement acts among professors and innovation among pupils.

NMP to support 25 percent of GDP 14 years from now

The recommended NMP or national manufacturing policy has been aiming to assist augment the support of the segment to GDP from the present 16 percent to 25 percent 14 years from now.

HCL Technologies launches Washington biz producing 400 jobs ‘til 2013

HCL Technologies, an I.T. company, this day introduced a fresh Global Delivery Centre located in Redmond, Washington wherein the firm is set to primarily have an investment worth USD 4 million or around Rs 19 crore for 400 employment opportunities until 2013.

Food inflation declines to 8.84 percent

According to the WPI or Wholesale Price Index statistics revealed by the state admin this day, the food inflation plunged to 8.84% in the week concluded Sept. 10 as against 9.47% in the preceding week.

Bharti Retail merger with Shree Ganesh Jewel to grow return by 15%

In the latest statement made by Nilesh Parikh, the chairman of Shree Ganesh Jewellery, the firm already merged with Bharti Retail to have a shop-in-shop joint venture to expand their bottmline at around 15 percent with Rs 300-400 crore turnover.

Union Bank searches for capital aid from admin worth Rs 350 crore

Union Bank of India, a public segment lending firm, already searched for a capital support from the state administration worth Rs 350 crore for expand its lending volume, according to its executive director, S S Mundra.

Fresh student addition to aid increase quarter three figures

According to the Tree House Education’s managing director, Rajesh Bhatia, they have been looking forward to improved figures this quarter three due to additional fresh students wherein in the FY12, topline is aimed at Rs 65-70 crore while bottomline is at Rs 25-30 crore.

Rs 700 crore order received by L&T; from Omanese gas firm

In the latest development, the hydrocarbon subsidiary of Larsen & Toubro, a leading engineering and construction firm, already received an order from Petroleum Development Oman with an amount of Rs 700 crore.

Indian cloud computing industry to attain USD 16 billion

A cloud computing industry prospect in India has been anticipated to arrive at USD billion nine years from now wherein it has been eyed to expand 33% compounded yearly growth rate as well as attain USD 680 billion.

GDP of New Zealand increases 0.1 percent

According to the Statistics New Zealand, the nation’s GDP or gross domestic product increased to a seasonally regulated 0.1 percent as compared to 0.9 percent in the previous quarter wherein the number has been modified up from 0.8 percent.

Videocon eyes to obtain return from Brazil oil and gas by 2017

Videocon already created a substantial oil and gas detection in Brazil wherein the firm’s chairman and managing director, Venugopal Dhoot, looks forward to attain return of this sector to start by 2017 at the advent of drilling process.

Titan Industry convinced of 30% expansion amid gold rise

According to the Titan Industries’ managing director, Bhaskar Bhat, they are convinced to obtain 30% topline as well as bottomline expansion even though they predict soaring gold costs affecting the firm’s capacity volumes.

BSE Sensex severely slumps 4.13% on alarming market downfall

The BSE Sensex tanked 704 points or 4.13% to settle at 16,361.15, its lowest closing level since 26 August 2011. The index tanked 749.12 points at the day's low of 16,316.03 in late trade. The index declined 231.54 points at the day's high of 16,833.61 in early trade.

The S&P CNX Nifty was down 209.60 points or 4.08% to settle at 4,923.65, its lowest closing level since 29 August 2011. The index hit low of 4,907.75 in intraday trade.

The BSE Mid-Cap index fell 3.1% and the BSE Small-Cap index declined 3.14%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2805 crore, higher than Rs 2536.54 crore on Wednesday, 21 September 2011.

Market Breadth:

Positive 604 Negative 2241 Unchanged 604
From the 30 share Sensex pack, All fell.

Fortis Healthcare concludes discussion with Acibadem

In the latest development, Fortis Healthcare International, the firm owned by the billionaire Indian siblings, Malvinder and Shivinder Singh, already retracted from the negotiations to purchase majority holdings in Acibadem, a hospital group in Turkey.

Dell laptops to be sold in India by Redington India

Redington India, the technology merchandise dealer, was already assigned to market Dell Inc laptops nationwide in LFR or large format retails to begin in October, according to EH Kasturi Rangan, the firm’s president for consumer and digital products division.

Dishman Pharma eyes marginal net profit as FY12 concludes

According to the CFO of Dishman Pharma, VVS Murthy, the alteration in rupee will not be a problem to the firm’s profits. They are anticipating a yearly return of nearly 8 million Swiss Francs due to mass layoff of 60 personnel while predicting a marginal net profit at the conclusion of the financial year 2012.

IPO of RDB Rasayans launches to be subscribed this day

The IPO of RDB Rasavans, a firm engaged in packaging material production, already launched to be subscribed this day. The firm proposes 45 lakh stock holdings by means of this issue.

M and B Switchgears to raise Rs 90 crore via IPO

M and B Switchgears, a firm engaged in transformer production, has been eyeing to accumulate greater than Rs 90 crore by means of IPO of 50 lakh stock holdings via dilution of 25 percent post issue.

Vijaya Bank reduces Rs 2,000 crore of mass deposits from April to August

Vijaya Bank, a public segment lending firm in Bangalore, this day announced that it already shed nearly Rs 2,000 crore of mass deposits from April to August of the present financial year in order to maintain its net interest margin.

Debt risk of India soars to record high this FY11

The foreign arrears level of India already increased to a record high in the financial year 2011 wherein by the conclusion of this fiscal year; the entire residual short-term arrears reached around 28 percent of the entire external arrears versus last year’s 25 percent.

Voltas under negotiations for acquisition of Wipro’s water biz

Voltas Ltd, a company engaged in electro-mechanical ventures, has been under progressive negotiations to purchase the water purification as well as treatment operation of Wipro Ltd, the nation’s top three software services exporting firm.

Future Group under negotiations with Lawson for its gear’s holdings sale

Future Group, the conglomerate that operates the Pantaloon Retail unit, has been under negotiations with Lawson Inc, a convenience store subsidy of Japan, to put on sale 49% of equity shares in its foods sourcing as well as production business.

BPCL to have Rs 5,200 crore under recovery for Q2

In the latest statement made by S Varadarajan, the director finance of BPCL, he revealed that the firm would have a fund amounting to nearly Rs 5,200 crore for the second quarter of under recovery in the current financial year.

Sterlite receives deal worth Rs 114 crore from BSNL

Sterlite Technologies, a firm engaged in transmission solutions for the energy along with telecom businesses, announced this day that it already obtained a deal worth Rs 114 crore from BSNL to expand their broadband network operations.

BSE Sensex drops 0.2% as market in downturn

The BSE Sensex lost 34.13 points or 0.2% to settle at 17,065.15, its lowest closing level since 19 September 2011. The index fell 98.67 points at the day's low of 17,000.61 in early afternoon trade. The index rose 91.84 points at the day's high of 17,191.12 in morning trade, its highest level since 9 September 2011.

The S&P CNX Nifty was down 6.95 points or 0.14% to settle at 5,133.25, its lowest closing level since 19 September 2011. The index hit high of 5,168.40 in intraday trade, its highest level since 8 September 2011. The index hit low of 5,109.85 in intraday trade.

The BSE Mid-Cap index was up 0.73% and the BSE Small-Cap index was up 0.71%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2526 crore, lower than Rs 2541.07 crore on Tuesday, 20 September 2011.

Among the 30-share Sensex pack, 16 fell and the remaining shares rose.

Market Breadth:

Positive 1603 Negative 1247 Unchanged 119
From the 30 share Sensex pack, 16 fell and rest rose.

Decision on NMDC plan to acquire 50% shares in Legacy known tomorrow

NMDC, a government-managed firm, has been anticipating to receive a constructive decision on Wednesday regarding its plan of purchasing 50 percent equity shares in Legacy Iron Ore, an exploration company based in Australia.

Biocon aims USD 1 billion profits until 2014

Kiran Mazumdar Shaw, the Chairman and Managing Director of Biocon, a leading biotechnology firm in India, announced this day that they have been planning to obtain profits amounting to USD 1 billion until 2014.

Lupin receives consent from USFDA of its first oral contraceptive drug

According to Lupin Ltd, a leading pharmaceutical firm, revealed this day that its unit Lupin Pharmaceuticals Inc or LPI was already given the formal consent by USFDA for its ANDA or Abbreviated New Drug Application to sell a generic counterpart of Watson’s Norethindrone oral contraceptive medicine.

Varkey group in Dubai to acquire 12% shares in Everonn Education

Everonn Education announced this day that it is set to sell its 12% equity shares to Gems Education, a Varkey group firm located in Dubai, on preference basis for a value of Rs 138.23 crore.

GVK to accumulate USD 1 billion via stocks sale in Singapore unit

In the latest development, GVK Group this day announced that it has been aiming to accumulate nearly USD 1 billion through putting on sale a portion of its equity shares in its unit located in Singapore to finance its purchase of assets in Hancock Coal (Australia) worth USD 1.26 billion.

I.T. firms in India expand without key investments

According to the vice chairman of TCS, S Ramadorai, the leading information technology firms in India remain very competitive with huge expansion without much key investments versus their global peers.

Rs 2,500-2, 600 crore subsidy burden for GAIL looms

According to the Chief Financial Officer of GAIL, PK Jain, the firm’s subsidy burden has been predicted to hit more or less Rs 2,500 crore to Rs 2,600 crore in the financial year 2012 while the upstream should be able to withstand 33% of the under-recovery.

Dish TV profit to decline another 0.25 percent due to 30% E-Tax

Dish TV’s managing director, Jahawar Goel, stated that their profits have been affected with a predicted a decline of 0.25% more due to the 30% entertainment tax enforced by the Tamil Nadu government nationwide on DTH or direct-to-home providers.

Food security bill to be worth Rs 1 trillion

The recommended food security bill most probably can be worth a yearly Rs 1 trillion or USD 20.7 billion, according to the minister for consumer affairs, food and public distribution, K.V. Thomas.

NTPC eyed to end coal biz merger with ICVL

In the latest development, the NTPC or National Thermal Power Corporation is being eyed to conclude its partnership with its coal SPV or special purpose vehicle named International Coal Ventures Limited or ICVL.

PPI of Germany plummets suddenly last August

The producer price inflation or PPI in Germany plummeted all of a sudden last August. According to Destatis, the statistics office in Germany, its PPI descended by 0.3% last month as against an increase prediction of 0.2%.

BSE Sensex grows 2.11% as market strongly gains

The BSE Sensex jumped 353.93 points or 2.11% to settle at 17,099.28, its highest closing level since 8 September 2011. The index jumped 390.09 points at the day's high of 17,135.44 in late trade. The index gained 13.34 points at the day's low of 16,758.69 in early trade.

The S&P CNX Nifty was up 108.25 points or 2.15% to settle at 5,140.20, its highest closing level since 8 September 2011. The index hit high of 5,149.90 in intraday trade.

The BSE Mid-Cap index rose 0.9% and the BSE Small-Cap index gained 1.23%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 2409 crore, higher than Rs 2294.25 crore on Monday, 19 September 2011.

Market Breadth:

Positive 1838 Negative 977 Unchanged 104
From the 30 share Sensex pack, 28 rose and rest fell.

Reliance Power to augment 5,000 Megawatts until end of 2012

According to the Chief Executive Officer of Reliance Power, JP Chalasani, the nation’s energy segment necessitates to be boosted in generation with 5,000 Megawatts until December next year for an expansion rate from 8% to 9%.

IPO of Prakash Constrowell debuts for subscription

Prakash Constrowell, a construction firm in Nasik that deals in infrastructure improvement as well as civil establishment, has launched its IPO to be subscribed with an amount of Rs 60 crore.

DLF to finance assets valued at Rs 6,000-7,000 crore until 2013

In the latest statement made by the DLF group executive director, Rajeev Talwar, the firm has been planning to decrease arrears by means of non-core asset financing with a value of Rs 6,000-7,000 crore until 2013.

Increase in fuel cost, key rates unfavorable to auto biz

According to the managing director of Bajaj Auto, Rajiv Bajaj, the increase in fuel costs as well as key rates in the previous week are considered extremely disadvantageous to expansion of vehicle industry.

DQE Entertainment aims $2 million licensing contracts by October

DQ Entertainment (International), an animation as well as visual effects conglomerate, is set to publicize USD 2 million licensing contracts this October in the field of publishing, broadcasting along with merchandising, says CEO Tapaas Chakravarti.

Ujjivan Financial Services to accumulate Rs 100 crore this November

Ujjivan Financial Services, a microfinance company in Bangalore concentrating on metropolitan markets, announced this day that they are aiming to accumulate Rs 100 crore by means of a private placement this coming November.

BSE Sensex slides 1.11% as market performance drops

The BSE Sensex was down 188.48 points or 1.11% to settle at 16,745.35, its lowest closing level since 14 September 2011. The index fell 67.90 points at the day's high of 16,865.93 in early trade. The index declined 224.42 points at the day's low of 16,709.41 in mid-afternoon trade.

The S&P CNX Nifty was down 52.30 points or 1.03% to 5,031.95, its lowest closing level since 14 September 2011. The Nifty hit a low of 5,019.25 in intraday trade. The Nifty hit a high of 5,068.40 in intraday trade.

The BSE Mid-Cap index fell 0.29% and the BSE Small-Cap index declined 0.02%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2279 crore, lower than Rs 2786.52 crore on Friday, 16 September 2011.

Market Breadth:

Positive 1350 Negative 1434 Unchanged 103
From the 30 share Sensex pack, 21 fell and rest rose.

GMR Infra predicts breakeven for Delhi Airport by FY13

The group Chief Financial Officer of GMR Infrastructure, A Subba Rao, stated that he has been anticipating the Delhi Airport to have a breakeven in the financial year 2012-2013 whereas its number of passenger rises by 21% to 22% in quarter one of the current financial year.

US plant of Sun Pharma cleared to operate by USFDA

Sun Pharmaceutical Industries announced this day that its US-based unit already cleared its cases from USFDA or US Food and Drug Administration as the latter gave a passing mark to the firm’s production plant in Cranbury, New Jersey.

Tata Consultancy to supply I.T. solutions to banking subsidiary of Deutsche Bank

Tata Consultancy Services, an I.T. company, this day announced that it already teamed-up with Deutsche Bank for supplying software solutions to the monetary services of the company’s principal markets industry subsidiary in US, UK, Germany, Hungary, Philippines, Singapore as well as India.

MMTC requests offers in importing 3-lakh-tonne DAP

In line with the intention to increase fertilizer capacity this approaching rabi season beginning November , government-managed trading company MMTC already requested offers for the importation of 3 lakh tones of DAP or di-ammonium phosphate.

Fortis Healthcare India to purchase Fortis Healthcare

Fortis Healthcare (India), the hospital unit, is expected to purchase its affiliate company in Singapore, Fortis Healthcare International, wherein this will pave the way to get the health ventures of the group under one conglomerate, according to Malvinder Singh, the group’s chairman.

Economy expected to expand 7.5% to 8% in the coming years says Ahluwalia

According to the statement made today by the deputy chairman of the Planning Commission, Montek Singh Ahluwalia, the economy has been predicted to expand 7.5% to 8% in the following years to come.

NHAI says around 7,300 km of ventures to be sold

According to the chairman of National Highway Authority of India or NHAI, AK Upadhyay, there were some 7,300 km of road ventures which can be anticipated to declare closure to happen at the present financial year.

Essar Energy targets oil and gas assets abroad

Essar Energy has been under negotiations with international top oil firms such as Exxon Mobil, Chevron, Shell along with ConocoPhilips to purchase oil and gas assets in Australia, Latin America and Africa.

In the latest news, India is set to provide benefits to export firms in the duty drawback plan wherein it would envelop 1,100 products, according to t

In the latest news, India is set to provide benefits to export firms in the duty drawback plan wherein it would envelop 1,100 products, according to the Finance Secretary R. S. Gujral this Friday.

Panasonic Home Appliances aims USD 40 million revenue in 2011

According to Director Hidenori Aso, the Managing Director of the Panasonic Home Appliances India or PHAI, the firm has been aiming a revenue of USD 40 million in the present year.

Axis Bank management committee seals contract with Enam Securities

In the recent development, Axis Bank, a private lending firm, announced this day that it management committee the purchase of investment banking along with equities ventures of Enam Securities.

RBI rate increase to get inflation to stable level says FM

Pranab Mukherjee, the Finance Minister, this day stated that the 25 bps rate increase by the RBI or Reserve Bank , is certainly to aid in stabilizing inflation to a satisfactory level which will not hamper expansion.

BSE Sensex jumps 0.34% as market in upturn

The BSE Sensex rose 57.29 points or 0.34% to settle at 16,933.83, its highest closing level since 8 September 2011. The index jumped 246 points at the day's high of 17,122.54 in early afternoon trade. The index gained 13.02 points at the day's low of 16,889.58 in early afternoon trade.

The S&P CNX Nifty rose 8.55 points or 0.17% to settle at 5,084.25, its highest level since 8 September 2011. The Nifty hit a high of 5,143.60 in intraday trade. The Nifty hit a low of 5,068.10 in intraday trade, its lowest level since 15 September 2011.

The BSE Mid-Cap index rose 0.38% and outperformed the Sensex. The BSE Small-Cap index fell 0.01% and underperformed the Sensex.

BSE clocked turnover of Rs 2646 crore, higher than Rs 2570.88 crore on Thursday, 15 September 2011.

Market Breadth:

Positive 1392 Negative 1473 Unchanged 131
From the 30 share Sensex pack, 17 fell and rest rose.

Pantaloon to part ways with Future Capital Holdings

Kishore Biyani, the chief Executive Officer of Future Group, announced this day that his firm’s primary retail unit Pantaloon Retail India Ltd is set to end its non-core venture, Future Capital Holdings, so as to slice arrears as well as finance expansion schemes.

IPO of RDB Rasayans to be launched this Sept 21

RDB Rasayans, a packaging material producer, will be embarking on the principal market with its IPO of 45 lakh stakes this coming Sept. 21. The firm already set the issue price range at Rs 72-79 every equity share.

SRS plummets 30.34% on day 1 of listing

SRS, a firm engaged in services like cinema exhibition, jewellery, food to retail, has its shares plummeted deeply in its debut day of listing wherein the stock during the trading day has low of Rs 40.40 which was 30.34% below the Rs 68 issue price every share.

Government postpones FPO of ONGC

The state administration already made a decision to postpone the FPO of Oil and Natural Gas Corporation or ONGC wherein a notice has been submitted to BSE as they assess the concerns on this matter.

Government not selling stakes in Cochin Shipyard, DCI, Ennore Port in FY12

According to K Mohondas, the Shipping Secretary, the administration has been planning not to put into sale the equity shares in Cochin Shipyard, Dredging Corporation of India or DCI and Ennore Port in the current financial year.

Vegetable oil imports plummet 23.2% last month

The vegetable oil imports in India plummeted by 23.2% to 8.17 lakh tonne in the previous month due to a record oilseeds capacity in the crop year 2010 to 2011 that concluded in June.

Legacy Iron Ore to make decision on proposal of NMDC

Legacy Iron Ore, an exploration company based in Australia, this day announced that its management committee will make a decision the following week about the proposal of NMDC to purchase 50% equity shares in the company.

Cabinet certifies 12th five-year scheme approach paper

Today, the cabinet already certified the approach paper intended for the 12th five-year scheme in a span of five years starting in 2012. The goal of this scheme is to increase expansion rate of India from 8.2% to 9%.

Jet Airways seals deal with Thalys for rail service

Jet Airways Ltd, the leading airline thru industry share in India, announced this day that it already sealed a deal with Thalys, a high speed train managing firm, to provide a rail service from and to Brussels and Paris.

Oil firms increase price of ATF by 2.5 percent

At the aftermath of two successive cost reductions, the government-managed oil conglomerates this day increased jet fuel or ATF price by 2.5% on track of the stabilization of global oil rates.

Birla Research eyes IPO worth Rs 75 crore for widening of operations

Birla Research and Lifesciences, the Yash Birla Group firm, has been aiming to accumulate Rs 75 crore for widening of its operations by means of IPO wherein it already submitted DRHP with SEBI.

ICRA gives grade 3 to IPO of Plastene India

In the recent development, ICRA already gave an “IPO Grade 3”, which signifies average fundamentals, out of a possible high Grade 5 to the recommended IPO of Plastene India Limited or PIL.

SRS to launch IPO on Sept. 16

A firm engaged in cinema exhibition, jewellery, food and retail, SRS, is scheduled to launch its IPO on the BSE as well as NSE this Sept. 16 wherein the set issue price range is Rs 58 to Rs 65 every share.

Prakash Constrowell sets IPO price range at Rs 130 to Rs 138 each share

A construction firm, Prakash Constrowell Limited, mainly providing service in infrastructure improvement as well as civil construction, already set the price range between Rs 130 and Rs 138 for every stake worth Rs 10 for its IPO on Sept. 19.

The government-managed oil and gas exploring firm, ONGC, has been targeting to introduce the FPO this coming September 20, 2011 wherein EGoM or empowe

The government-managed oil and gas exploring firm, ONGC, has been targeting to introduce the FPO this coming September 20, 2011 wherein EGoM or empowered group of ministers most probably will discuss on Friday to determine the price range for the FPO offer worth Rs 10,500 crore.

BSE Sensex climbs 1% to as market on green again

The BSE Sensex jumped 166.94 points or 1% to settle at 16,876.54, its highest closing level since 8 September 2011. The index jumped 212.80 points at the day's high of 16,922.40 in late trade. The index fell 164.03 points at the day's low of 16,545.57 in mid-morning trade.

The S&P CNX Nifty jumped 63.15 points or 1.26% to settle at 5,075.70, its highest closing level since 8 September 2011. The Nifty hit a high of 5,091.45 and a low 4,967.45 in intraday trade.

The BSE Mid-Cap index rose 0.55% and the BSE Small-Cap index gained 0.26%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 2553 crore, lower than Rs 2623.14 crore on Wednesday, 14 September 2011.

Market Breadth:

Positive 1535 Negative 1259 Unchanged 99
From the 30 share Sensex pack, 20 rose and rest fell.

Bangalore refinery of Strides receives USFDA extension consent

According to Strides Arcolab, a medicine manufacturer, the US health regulating body, United States Food and Drug Administration or USFDA, already made an extension about its consent for the firm’s refinery located at Bangalore.

Maruti employees still under protest, says Haryana Labour department

According to the Haryana Labour department this day, the employees of Manesar refinery of Maruti under protest have been resolute about abandoning their responsibilities amid actions to resolve the problem.

Meinhardt Group to finance above Rs 100 crore in India

Meinhardt Group, one of the engineering consulting firms based in Singapore, announced this day that they are aiming to finance more or less Rs 100 crore in a span of one year in India to purchase a few companies and then expand their operations afterward.

Finnair merges with Kingfisher Airlines, American Airlines

According to the Chief and Executive Officer or CEO of Finnair, Mika Vehvilainen, the firm merged with Kingfisher Airlines as well as American Airlines to attain a rise in number of passengers going and coming to Europe and India.

Bankers eye RBI rising rates by 25 bps this Friday

Banking firms has been predicting that as the inflation seems on its way to reach the two-digit level, the RBI or Reserve Bank of India would rise its tactical policy rates by 25 bps in the approaching policy review this Friday.

SaaS revenue to cross USD 12.1 billion in 2011

In the recent development, Gartner Inc., a technology researching firm, revealed that SaaS or worldwide software as a service revenue has been eyed to cross USD 12.1 billion this year as compared to 20.7% rise of USD 10 billion from last year.

ADB reduces India’s expansion rate to 7.9% for present financial year

This day, ADB or Asian Development Bank reduced expansion prediction for the country to 7.9% for the present financial year as compared to 8.2% during the increasing crude oil costs as well as global economic crisis.

Cairn India investors agree on conditions for acquiring Vedanta shares

Cairn India, an oil exploring firm, announced this Wednesday that it already obtained consent from most of its investors to agree on the conditions implemented by the state to clarify the contract of Vedanta Resources to purchase 40% equity shares in the firm.

Mahindra Satyam, a provider of infrastructure administration services to world football organization FIFA, this day introduced schemes to control this

Mahindra Satyam, a provider of infrastructure administration services to world football organization FIFA, this day introduced schemes to control this organization to place itself as a single-stop store in the Arab countries for supplying the sports commerce’s I.T. demands.

Opto Circuits (India) to accumulate utmost USD 212 million thru IPO

Opto Circuits (India), a healthcare equipment manufacturer, stated last Tuesday that its 100% operated subsidiary aims to accumulate at maximum Rs 10 billion or USD 211.77 million by means of IPO or initial public offering.

Vodafone eyed to assign 4 top bankers for IPO

According to Vodafone, which is in the list of the leading Indian telecom firms, has been eyed to assign 4 top bankers for its IPO wherein they aim dilution in the range of 11% to 14% equity shares.

BSE Sensex soars 1.47% to halt successive market slide

The BSE Sensex jumped 242.16 points or 1.47% to settle at 16,709.60, its highest closing level since 9 September 2011. The index jumped 286.78 points at the day's high of 16,754.22 in late trade. The index fell 80.06 points at the day's low of 16,387.38 in mid-morning trade.

The S&P CNX Nifty was up 71.60 points or 1.45% to settle at 5,012.55, its highest closing level since 9 September 2011. The Nifty hit a high of 5,026.15 and a low of 4,917.40 in intraday trade.

The BSE Mid-Cap index rose 0.21% and the BSE Small-Cap index gained 0.37%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 2591 crore, higher than Rs 2275.76 crore on Tuesday, 13 September 2011.

Market Breadth:

Positive 1520 Negative 1285 Unchanged 109
From the 30 share Sensex pack, 24 rose and rest fell.

Rice capacity to reach a record 87.1 million tonne in kharif

The administration predicts the nation’s rice capacity to reach a record 87.1 million tones this upcoming kharif season wherein it will be aided by prevalent rain as well as growth in paddy estate. India has been eyeing to generate a record 102 million tonne of rice in kharif and rabi.

Tata Consultancy, Felda Prodata seal deal on tactical alliance

Tata Consultancy Services as well as Felda Prodata Systems Sdn Bhd or PRODATA already made an announcement this day about the sealing of deal on collaboration agreement to mutually improve and provide tactical Information Technology services along with solutions to the industry of Malaysia.

Finance Minister to talk with department secretaries on September 28

According to the senior Finance Ministry executive, the secretary of the Department of Economic Affairs R Gopalan is set to talk with the department secretaries about the assessment on the development of different proposals by India Inc to provide a boost to the economy on September 28.

One out of four Indian firms not sure of employment schemes in Q4

Out of 4 employers in India, one employer seems really not sure concerning their employment schemes throughout the 4th quarter of the current year, according to Manpower, a global staffing services company.

NMDC to file tender for 50% purchase in Legacy Iron Ore

The government-operated iron ore mining firm, NMDC, most probably will file, this coming September 30, the tender to purchase 50 percent in Legacy Iron Ore, an exploration company based in Australia, for an amount of nearly Rs 200 crore.

Ujjivan to get Rs 1.01 billion via financing

Ujjivan, a micro-lending firm located in Bangalore, will be ready to get Rs 1.01 billion or USD 21 million in arrears from SIDBI or Small Industries Development Bank of India as well as some government-managed along with private banking firms.

GoM to discuss LPG issue this Friday

An Empowered Group of Ministers or EGoM which is administered by Pranab Mukherjee, the Finance Minister, most probably this Friday, will mull over about lessening the capacity of financed LPG cylinders from four to six in every household annually.

Maruti fires another 5 employees at Manesar refinery

According to Maruti Suzuki India, this day, the firm already fired another five employees at its refinery in Manesar due to disciplinary actions. On the other hand, the company has hired 100 more employees as replacement to those who did not agree with the contract conditions.

JP Morgan fund to finance USD 400 million in SKIL

In the latest development, a fund operated by JP Morgan Chase & Co already came into terms for the investment of around USD 400 million in SKIL Infrastructure of India for equity shares of merely below 20%.

Ipca Labs aims 18-20% expansion in exports this fiscal year

Ipca Labs’ executive director, AK Jain, announced that the firm’s expansion in exportation of more or less 18-20% seems satisfactory with a possibility to become stable at that level in the current financial year.

Taksheel Solutions to introduce its IPO at Rs 80 crore value

Taksheel Solutions Ltd or TSL, an I.T. company, is set to introduce its IPO worth Rs 800 million or Rs 80 crore this coming Sept. 29, according to Pavan Kumar Kuchana, the firm’s Chairman and Managing Director.

BSE Sensex plummets 0.21% as market in downturn again

The BSE Sensex shed 34.30 points or 0.21% to settle at 16,467.44, its lowest closing level since 29 August 2011. The Sensex fell 127.06 points at the day's low of 16,374.68 in mid-afternoon trade. The index rose 264.45 points at the day's high of 16,766.19 in early afternoon trade, its highest level since 9 September 2011.

The S&P CNX Nifty lost 5.85 points or 0.12% to settle at 4,940.95, its lowest closing level since 29 August 2011. The Nifty hit a high of 5,030.15 in intraday trade, its highest level since 9 September 2011. The Nifty hit a low of 4,911.05 in intraday trade.

The BSE Mid-Cap index rose 0.03% and the BSE Small-Cap index gained 0.01%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2266 crore, slightly higher than Rs 2264.45 crore on Monday, 12 September 2011.

Market Breadth:

Positive 1397 Negative 1385 Unchanged 136
From the 30 share Sensex pack, 18 fell and rest rose.

India eyes 25% increase in air traffic since 2009

India already observed a rise of above 25% or 25.42 percent in air traffic or number of air passengers in the previous 2 years wherein the Kingfisher has already taken the top rank in the airline industry.

Inflation last August predicted at 9.6%

Wholesale price index (WPI) of India may have risen a yearly 9.6% last August in increasing food and fuel costs, supporting the decision of the Reserve Bank of India or RBI to increase interest rates even more during its assessment of policy last Friday.

India could lose the 11th Plan on energy output addition goal

The nation can fail in attaining the energy output addition goal of 10,000 Megawatts at the conclusion of the 11th Five-Year Plan on March 31 next year, according to the Sushilkumar Shinde, the Union Minister.

IDRBT seals deal with ISACA via MOU

According to IRDBT or Institute for Development and Research in Banking Technology, a Reserve Bank-created banking technology institute, it already sealed a deal with ISACA (previously known as the Information Systems Audit and Control Association) via a memorandum of understanding for concerted actions in IT Governance, Information Systems Auditing, Information Security and Information Systems Risk Management.

Indian Pharmacy Shoppe expansion in Maharashtra looms

The All India Organisation of Chemists and Druggists or AIOCD already created a sole Pharmacy Shoppe marketing strategy wherein it can bring opportunities to hundreds of thousands of pharmacists as well as pharmacists nationwide as revealed by its JS Shinde, the firm’s president.

M&M; satisfied with its exportation output

The global venture of Mahindra was seen expanding in 2011 as against to its expansion in the local market. According to Pawan Goenka, the president of Mahindra’s car venture, stated that from January-May period, global volumes increased by 78% versus previous year while the local market increased by 26%.

Aviva merges with Axis Bank to pay renewal premiums

The COO of Aviva Life Insurance, Gambhir Snehil, made an announcement this day that its clients have the option for payment of their renewal premiums via the more than 1,400 Axis Bank branches located in greater than 700 places nationwide.

Ashok Leyland launches Rs 3.79 lakh “Dost” car

Ashok Leyland, a principal firm of Hinduja Group, is set to launch its initial merchandise named “Dost” in partnership with Japan's Nissan to break into the commercial sector of light autos. The 1.25-tonne Dost has a selling cost of Rs 3.79 lakh for the base variant while Rs 4.39 lakh top variant.

IPO of PG Electroplast gets 1.34 times subscription

According to the information revealed via NSE, the IPO of PG Electroplast, a supplier of electronics production services, already got 1.34 times subscription wherein the issue, which ended this day, got offers for above 77 lakh stakes versus 57.45 lakh shares of issue size.

Prakash Constrowell to accumulate Rs 60 crore through IPO

Constrowell Prakash, a firm primarily in the business of improving the infrastructure as well as civil construction venture, has recommended embarking on the principal trading with a public issue of stakes to accumulate Rs 60 crore via 100% book construction procedure. This IPO is set to start on September 19, 2011 wherein the closing date is on September 21, 2011.

DRHP for IPO of MCX approved by SEBI

SEBI already cleared the DRHP for IPO of MCX or Multi-Commodity Exchange last September 9, 2011. SEBI requested the firm to submit a tender with the Stock Exchange/ROC wherein its authorization is set to expire after one year.

BSE Sensex plunges 2.17% as market in deep slide

The BSE Sensex lost 365.23 points or 2.17% to settle at 16,501.74, its lowest closing level since 29 August 2011. The index tumbled 473.93 points at the day's low of 16,393.04 in afternoon trade. The index fell 198.72 points at the day's high of 16,668.25 in early trade.

The S&P CNX Nifty shed 112.65 points or 2.23% to settle at 4,946.80, its lowest closing level since 29 August 2011. The Nifty hit a low of 4,911.25 in intraday trade.

The BSE mid-Cap index fell 1.84% and the BSE Small-Cap index declined 1.86%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 2254 crore, lower than Rs 3133.70 crore on Friday, 9 September 2011.

Market Breadth:

Positive 876 Negative 1941 Unchanged 96
From the 30 share Sensex pack, 27 fell and rest rose.

CEO of Tata Motors steps down

In the latest development, Tata Motors revealed this day that its CEO Carl-Peter Forster already stepped down effective urgently because of "unavoidable personal circumstances” as he only served the firm for one and a half year.

According to Pratip Chaudhuri, the SBI Chairman, the leading lender in India, State Bank of India or SBI, the lending rates have been predicted to kee

According to Pratip Chaudhuri, the SBI Chairman, the leading lender in India, State Bank of India or SBI, the lending rates have been predicted to keep on going up amid of the rising inflation due to the inability by the Reserve Bank to reduce the interest.

Cement companies’ production use slips to 75% in last quarter

The cement companies could just use 3/4 of their total production or 54.79 million tonnes in the quarter ending last June of the current financial year as revealed by the Ministry of Statistics and Programme Implementation.

BSE Sensex drops 1.74% as market slips

The BSE Sensex shed 298.57 points or 1.74% to settle at 16,866.97, its lowest closing level since 6 September 2011. The index fell 334.95 points at the day's low of 16,830.95 in late trade. The index rose 46.26 points at the day's high of 17,211.80 in early trade, its highest level since 12 August 2011.

The S&P CNX Nifty was down 93.80 points or 1.82% to settle at 5,059.45, its lowest closing level since 5 September 2011. The Nifty hit a low of 5,046.80 in intraday trade.

The BSE Mid-Cap index fell 0.84% and the BSE Small-Cap index declined 0.75%. Both these indices outperformed the Sensex.

BSE clocked turnover of Rs 3113 crore, higher than Rs 2699.05 crore on Thursday, 8 September 2011.

Market Breadth:

Positive 1207 Negative 1672 Unchanged 93
From the 30 share Sensex pack, 23 fell and rest rose.

Mefcom merges with Beaufort of Britain

In the latest development, Mefcom Capital Markets already had a tie up with Beaufort, a merchant bank in Britain, in order to supply different monetary services across the border to conglomerates as well as some financing firms.

Grade 2 awarded to IPO of Tara Health Foods by ICRA

The recommended IPO of Tara Health Foods Limited was awarded IPO Grade 2 (5 to 1) by ICRA which signifies lower than normal fundamentals wherein the IPO Grade 5 signifies strong fundamentals as the highest possible grade.

TD Power Systems concludes day with 7.5% gain

The financers in RD Power Systems managed to obtain 7.5% on the initial listing schedule this day wherein the equity shares of the firm opened at Rs 260 on NSE as it wrapped up the day with Rs 275.25.

BSE Sensex grows 0.59% on upbeat trading day

The BSE Sensex was up 100.54 points or 0.59% to 17,165.54, its highest closing level since 5 August 2011. The index rose 144.66 points at the day's high of 17,209.66 in mid-afternoon trade. The index fell 77.63 points at the day's low of 16,987.37 in early trade.

The S&P CNX Nifty was 28.60 points or 0.56% to 5,153.25, its highest closing level since 10 August 2011. The Nifty hit a high of 5,169.25 in intraday trade. The Nifty hit a low of 5,098.25 in intraday trade.

The BSE Mid-Cap index rose 0.26% and underperformed the Sensex. The BSE Small-Cap index gained 0.72%. and outperformed the Sensex.

BSE clocked turnover of Rs 2361 crore, lower than Rs 2757.35 crore on Wednesday, 7 September 2011.

Market Breadth:

Positive 1740 Negative 1110 Unchanged 101
From the 30 share Sensex pack, 15 fell and rest rose.

BSE Sensex expands 1.2% as market gains anew

The BSE Sensex was up 202.19 points or 1.2% to 17,065, its highest closing level since 10 August 2011. The index gained 294.40 points at the day's high of 17,157.21 in mid-afternoon trade. The index rose 59.50 points at the day's low of 16,922.31 in early trade.

The S&P CNX Nifty was up 60.35 points or 1.19% to 5,124.65, its highest closing level since 11 August 2011. The index gyrated between 5,154.50 and 5,076.30 during the day.

The BSE Mid-Cap index rose 1.24% and the BSE Small-Cap index gained 1.53%. Both these indices outperformed Sensex.

The total turnover on BSE amounted to Rs 2738 crore slightly lower than Rs 2757.35 crore on Tuesday, 6 September 2011.

Market Breadth:

Positive 1933 Negative 925 Unchanged 105
From the 30 share Sensex pack, 24 rose and rest fell.

Option Tips August Performance

Month	No of Tip	Accuracy	Profit
2011, August	58	83%	196783
2011, July	61	82%	194869
2011, June	68	82%	207896
2011, May	49	88%	134860
2011, April	46	78%	91088

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1) 1- Intraday Nifty Future

2) 1-2 Stock/Nifty Options(Intraday or positional)

3) 2-4 Intraday Cash Calls

4) 2-4 Delivery Calls (time from 1 week to 2 months)

5) 1 Jackpot Call

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