Current news & Rumours in the mkt

[knarendra]

I think Stock market knows the verdict of RIL-RNRL case. Because,
RIL cannot low when compared to nifty.

 

[praveen taneja]

RNRL : Rahe na Rahe Limited

 

[praveen taneja]

last 20 mins trade will be cancelled in USA/.. THese are trades which will be cancelled.. if u have traded http://media.globenewswire.com/cache/6948/file/8211.htm

 

[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 07-May-2010.



FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 07-May-2010 2573.13 3881.52 -1308.39




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 07-May-2010.



DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 07-May-2010 1676.73 1022.38 654.35

 

[praveen taneja]

India VIX for 07-May-2010
Prev Close Open High High Time Low Low Time Close Change % Change
24.36 24.36 28.10 12:26 24.36 09:01 27.40 3.04 12.48

 

[praveen taneja]

AS a result of the Supreme Court ruling that sovereign interest cannot be overridden by private agreements, Reliance Industries (RIL) gets to keep an estimated Rs 3,000 crore a year that might have gone to Anil Ambani and the 2.5 million shareholders of Reliance Natural Resources (RNRL).

The end of the five-year dispute translates into a market value of Rs 35 a share for RIL, which had revenues of $45 billion last year. But for RNRL, set up to mainly deal in gas, it has to begin afresh. Buy recommendations on RIL shares are just not ending while there is no analyst coverage for RNRL. Some 14,000 megawatt of power to be produced by Anil Ambani group firm Reliance Power with fuel from RIL is under peril. RIL shares rose 2.3%, while RNRL collapsed 22.8%. Reliance Power ended 9% down at Rs 140.1.

 

[praveen taneja]

WASHINGTON: US President Barack Obama said Friday US authorities were probing "unusual" stock market activity which triggered a slump in the value

Obama diverted from a statement on a sharp increase in job creation at the White House, saying he wanted to "speak to the unusual market activity," that took place on Wall Street on Thursday.

"The regulatory authorities are evaluating this closely with a concern for protecting investors and preventing this from happening again and they will make findings of their review public along with recommendations for appropriate action," he said.

In 20 minutes Thursday, America's top 30 firms in the Dow Jones Industrial Average saw their shares dive 998.5 points, over nine percent, instantly wiping out billions of dollars in market value.

 

[praveen taneja]

Market News


Economy
•Annual food inflation, based on the Whole Price Index, rose 16.04 per cent
during the week ended April 24, lower than the previous week's annual rise
of 16.61 per cent.
Oil & Gas
•The Supreme Court ruled in favour of Mukesh Ambani's Reliance Industries
Limited (RIL) in a gas pricing dispute with Reliance Natural Resources Ltd
(RNRL), controlled by Anil Ambani. The government had fixed a price of
$4.2 per million British thermal units (mBtu) for gas produced from the KGD6
gas field. This is higher than the price of $2.34 which RNRL has been
claiming under the family MoU.
Realty/ Construction
•Hindustan Construction Company Ltd (HCC) and Zurich-based Karl Steiner
AG have completed their transaction signed in March 2010, after obtaining
all regulatory approvals in India and in Switzerland.
•Gayatri Projects Limited has secured a road project worth Rs 2,200 crore.
The project envisages four-laning of the Hyderabad-Karimnagar-
Ramagundam road under public-private partnership.
Automobile
•Ashok Leyland is planning to invest around Rs 2,000 crore over the next two
years. Ashok Leyland is planning to introduce 25 models over the next 18
months.
Metal
•Welspun-Gujarat Stahl Rohren will acquire majority stake in Saudi Arabbased
pipe facility and a pipe coating facility. The company through its
subsidiary would acquire a majority stake in Saudi Arab firm.

 

[praveen taneja]

Forthcoming Events

Ex Date SYMBOL PURPOSE
10/05/2010 RELIANCE DIVIDEND RS 7 PER SHARE
13/05/2010 ALBK DIV RS 5.50 PER SHARE/ ELECTIONOFDIRECTOR
14/05/2010 BOC AGM/DIV-RS.1.50 PER SHARE
14/05/2010 UNICHEMLAB 2ND INTERIM DIVIDEND
20/05/2010 AXISBANK AGM/DIV-RS.12/- PER SHARE
MEETING DATE SYMBOL PURPOSE
10/05/2010 MONNETISPA UNAUDITED FINANCIAL RESULTS
11/05/2010 HINDALCO UNAUDITED FINANCIAL RESULTS/OTHERS
12/05/2010 BAJAJ-AUTO AUD FINANCIAL RESULTS/DIVIDEND/OTHERS
13/05/2010 MTNL UN-AUDITED FINANCIAL RESULTS
14/05/2010 NATIONALUM UN-AUDITED FINANCIAL RESULTS
14/05/2010 SBIN RESULTS/DIVIDEND
15/05/2010 PATELENG UN-AUDITED FINANCIAL RESULTS

 

[praveen taneja]

RNRL (NSE Cash)
Precious little left for Anil Ambani's RNRL
The Ambani brothers may soon begin to renegotiate the gas supply agreement between them, but it may not result in much for Anil Ambani's Reliance Natural Resources Ltd (RNRL). The government has already allotted up to 90 million standard cubic metres a day (mscmd) of gas from the D6 field in the Krishna-Godavari basin of Reliance Industries Ltd (RIL) for a period of five years, which leaves hardly any gas for RNRL.
A senior government official said that allocation letters have been issued for 80 mscmd of gas. "RIL is currently producing about 62 mscmd of gas; so the commitment is more than the production," said the official. There is an unallocated quota of 10 mscmd gas which is meant for use by captive power plants if the production goes up. RIL's gas production is not expected to exceed 80 mscmd till eight years.