Current news & Rumours in the mkt

[praveen taneja]

ICICI bank made 966 low so far now at 968:lol:

so far low in ICICI bank is 961:clap::clap::rofl:

 

[AW10]

Economic and Political Headline

Sales of new homes surged 27% in March and orders for most durable goods climbed, indicating the US economy sped up heading into the second quarter. The gain in new-home sales was the biggest in 47 years as buyers rushed to qualify for a government tax credit and the weather improved, a Commerce Department report showed. (Bloomberg)

This is big facade.. (I call as fed sponsered manipulation of economic data).
The sales has jumped cause Govt is giving Tax Credit to buy new house and that scheme is ending in by 30-April. We will also see good jump in April Data. (and if Obama can get further extension to this then maybe for few more months).

Reality is far different from this. Employment is not picking up. Govt is extending the period for which people can claim unemployment benefits.. Banks are not distributing loans as fast as they should...

I am keeping my fingers crossed..

Happy Trading.

 

[praveen taneja]

Corporate News Headline
• Sterlite Industries reported a jump of over two-folds in its consolidated net profit of Rs. 13.81 bn for the quarter ended March 31, 2010. (BS)
• Maruti Suzuki reported a nearly three-fold jump in net profit at Rs. 6.56 bn for the quarter ending March 31, 2010. (BS)
• ONGC said it has added 83 million tonnes of oil and gas reserves in the 2009-10 fiscal, the highest in two decades; even as production was lower than the target. (BS)

 

[praveen taneja]

Economic and Political Headline
• The government said as many as 495 central-sector projects costing Rs. 200 mn and above are running behind schedule which has resulted in cost escalation by Rs. 551.75 bn. (BS)
• Hungary's central bank cut the benchmark interest rate for the 10th consecutive month today and said it doesn't rule out market intervention if the forint continues to strengthen. The Magyar Nemzeti Bank reduced the two-week deposit rate to 5.25% from 5.5%. (Bloomberg)
• German Chancellor Angela Merkel said she won't release Greek rescue funds until the country shows it's got a "sustainable, credible" plan to cut its budget deficit. "I've said for weeks that Greece must do its homework first," Merkel said. "We're not doing this because we believe Greece needs help. We're doing it because we're interested in the euro's stability." (Bloomberg)

 

[praveen taneja]

Its in news that ICICI is selling its stake in ICICI ventura for cash requirement one can sell with 978 sl I think profit loss all urs I am not trading this although

ICICI 971 nowwwwwwwwww

ICICI bank made 966 low so far now at 968:lol:

:rofl::rofl: ICICI BANK now 954 LOD so far 935:clap:
What a Tukaa that was superb

 

[praveen taneja]

The firm is currently holding roadshows to raise $75 million by selling new shares.

SpiceJet May Get New Investors In The Company - Budget airline SpiceJet Ltd may get some new investors as about six of such fund houses have submitted their proposals for a possible investment in the company. The firm is currently holding roadshows to raise $75 million (around Rs 332.3 crore) by selling new shares ahead of launching international flights. The fund-raising, on the other hand, coincides with some of its strategic investors separately talking to Indian companies and financial institutions to exit from the airline.

 

[praveen taneja]

Punj Lloyd To Rope In PE In Engineering Arm - Punj Lloyd Ltd, a diversified conglomerate with strong presence in infrastructure space, is planning to divest part of its holding in Punj Lloyd Engineering Ltd. The company is looking for an equity partner for the engineering subsidiary, which was set up two years ago to undertake captive engineering work of the parent firm. The arm currently has 800 engineers in its fold and targets 5,000 engineers in the next three to four years.

 

[praveen taneja]

FII trading activity on NSE and BSE on Capital Market Segment

The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 26-Apr-2010.



FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 26-Apr-2010 2121.55 1887.32 234.23



Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment


The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 26-Apr-2010.



DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 26-Apr-2010 821.96 895.65 -73.69

 

[praveen taneja]

Europe opens lower
china govt controlling property deals….causing selloff in chinese markets

 

[praveen taneja]

The Finance Ministry has come out with 'Saral-II', the new income tax returns form, that seeks to make tax filing easy on the assessee and gather information on TDS paid on salary and interest. The Saral-II, a two-page form, was mentioned by Finance Minister in the budget.