May 24th, 2007 by Analyst
The rupee has appreciated more than 10 percent in the last one year and the rally seems to be continuing. The exporters are holding their nerves witnessing this seemingly uncontrollable rise against the dollar. But why the rupee is appreciating and is RBI taking any measures to put reins on it and is it good for economy or will it create problems going ahead. We will endeavor to answer all these questions in the following discourse.
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Posted in Foreign Investors, News Analysis, Share Market | No Comments »
May 24th, 2007 by Analyst
What’s buzzing today
Divi’s Lab
Divi’s Lab is leading the midcap pharma pack. On the back of good quarterely results, the stock is up more than 8 percent at Rs. 4398 as against a close of Rs.4057 yesterday. Matrix Labs has also posted good set of numbers and is following the trend, the stock is up 6.7 percent at Rs. 235 as against its yesterday’s close of Rs. 220.20.
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May 24th, 2007 by Analyst
GLOBAL MARKETS
US Markets
The US markets closed almost flat on Wednesday.
Dow Jones closed at 13525.65 down 14.30 points or 0.11 percent
Nasdaq Composite closed at 2577.05 up 10.97 points or 0.42 percent.
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May 23rd, 2007 by Analyst
The much awaited DLF ipo is expected to open on 11th June 2007 and the price band is likely to be Rs. 510 to Rs. 600 per share. The total issue size is expected to be near Rs. 10,000 crores, one of the biggest issues in Indian primary market.
SEBI has given its nod to the OMAXE IPO and the same should also hit the markets in the month of June or in early July. The last real estate player to come out with an IPO was Orbit Corporation which came out with a successful IPO last month.
The overall real estate sector is in an uptrend with Unitech recently making its all time high and other players like Ansal Properties, Parsvnath Developers, Mahindra Gesco, Sobha Developers, etc also in an upmove.
Posted in Stocks, News Analysis, Share Market, IPO, Sensex | 1 Comment »
May 23rd, 2007 by Analyst
GLOBAL MARKETS
US Markets
The US markets closed almost flat on Tuesday.
Dow Jones closed at 13539.95 down 2.93 points or 0.02 percent
Nasdaq Composite closed at 2588.02 up 9.23 points or 0.36 percent.
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May 22nd, 2007 by Analyst
GLOBAL MARKETS
US Markets
The US markets closed almost flat on Monday.
Dow Jones closed at 13542.88 down 13.65 points or 0.10 percent
Nasdaq Composite closed at 2578.79 up 20.34 points or 0.80 percent.
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May 21st, 2007 by Analyst
Within few minutes of the opening trade, NIFTY has crossed its previous all time high of 4245, as indicated by us in the morning, and is currently at 4250.
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May 21st, 2007 by Analyst
GLOBAL MARKETS
US Markets
The US markets posted some gains on friday.
Dow Jones closed at 13556.53 up 79.81 points or 0.59 percent
Nasdaq Composite closed at 2558.45 up 19.07 points or 0.75 percent.
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May 18th, 2007 by Analyst
The stock markets after opening negative, have recovered all the losses of the morning and are now almost flat. NIFTY is at around 4218 and Sensex is at around 14300 at 10.22 a.m.
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May 18th, 2007 by Analyst
GLOBAL MARKETS
US Markets
The US markets closed flat with a negative bias.
Dow Jones closed at 13476.72 down 10.81 points or 0.08 percent
Nasdaq Composite closed at 2539.38 down 08.04 points or 0.32 percent.
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