Current news & Rumours in the mkt

[praveen taneja]

WASHINGTON: The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009
and the largest on record for that month, the Treasury Department said on Wednesday.

It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.

Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years.

The government has now posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record.

 

[sudoku1]

current whispers in the mkt suggest that 1st GLOBAL FAME SSharma is heavily long in nifty futs while his counter part the ADAG jockey KP is in the oposite camp & hence the volatile moves....

 

[trader.trends]

current whispers in the mkt suggest that 1st GLOBAL FAME SSharma is heavily long in nifty futs while his counter part the ADAG jockey KP is in the oposite camp & hence the volatile moves....

My sources tell me that Sudoku is long in the mkt above 17000 on the sensex hence mkt not willing to come down even though RIL under pressure.

 

[praveen taneja]

Considering the auspicious occasion of Akshaya Tritiya, a special session is scheduled on BOLT for trading in Gold ETF in the Cash Segment on Sunday, May 16, 2010. Please note that the trading is allowed only in the following scrips

RELIANCEGOLD
RELIGAREGOLD
GOLDBEES
KOTAKGOLDETF
SBI GOLD ETS
QUANTUMGOLD
UTI GOLD ETF
from a friend - timing from 10 to 2 pm...

 

[praveen taneja]

The Securities and Exchange Board of India has recommended raising capital requirements sharply for market intermediaries such as mutual funds, brokers and investment bankers. A panel of the markets regulator has proposed to raise the minimum net worth requirement of asset management companies by five times to 500 million rupees ($11 million), it said late on Thursday ...

 

[praveen taneja]

Month on Month Comparison of Equity Portfolio – In the month of April total equity corpus of 23 AMCs showed an increase of 2.5%. Out of Top 23 portfolios declared so far, 15 AMCs has seen positive change, top 5 positive changes by value are HDFC, Reliance, Birla, Sundaram & UTI (Refer - attach file, AMC Comparison option of Menu for full list).

Month on Month Comparison of AUM - The total average corpus of 38 AMC increased by 2.9%, out of which 26 AMC has seen positive changes. Top 5 increases by value are Birla, HDFC, SBI, ICICI Pru & L&T. Top 5 declines are in LIC, Fortis, Kotak, UTI & Deutsche. (Refer - attach file, AMC Comparison option of Menu for full list).

Composite view of all stocks – Infosys remained the most favoured stock held by all 23 AMC, followed by Reliance, ICICI Bank, SBI, L&T, HDFC Bank, Axis Tata Motors held by 22 AMCs. (Refer - attach file, Composite option of Menu for full list).

Companies Added by Mutual Funds - Mutual funds showed positive interest in stocks like Zee Entertainment, Kotak Mahindra Bank, Andhra Bank which where new addition to portfolio of some mutual funds. (Refer - attach file, what’s IN option of Menu for full list).

Companies Exited by Mutual Funds - During the month of April mutual funds showed negative interest in stocks like Zee News, Allahabad Bank, Balrampur Chini, Apollo Tyres which made exit to many portfolios of AMCs. (Refer - attach file, What’s Out option of Menu for full list).

 

[praveen taneja]

RIL may join team ONGC for block deal with Venezuela

An Oil & Natural Gas Corp (ONGC)-led consortium could bag another hydrocarbon block in the oil-rich Orinoco belt of Venezuela. Reliance Industries (RIL) could join this consortium that may get rights to oil fields located in the belt that are stated to have about 50 billion barrels of recoverable reserves. A consortium led by Indian state-owned oil companies has already won the USD 20 billion Carabobo-1 oil block in Venezuela that has a potential to produce 400,000 barrels crude oil per day (20mt per annum). RIL wanted to join the ONGC-led consortium but missed the bus as it was pre-occupied with its proposed LyondellBasell acquisition.

 

[praveen taneja]

Mundra Port to consider stock split on May 17

Mundra Port & Special Economic Zone on Thursday said its board would meet on May 17 to consider the proposal of stock split on the face value of Rs 10 each. The company`s board would also announce the audited financial results for the year ended Mar. 31, Mundra Port said in a filing to the Bombay Stock Exchange (BSE). The stock split proposal is subjected to shareholders` approval.

 

[praveen taneja]

What`s in, what`s out of Reliance MF

Reliance Mutual Fund, country`s largest fund house, witnessed an increase of over Rs 14 billion in its average assets in April.

It witnessed an addition of Rs 14.07 billion in its average assets under management (AAUM) to Rs 1,118.19 billion during the month.

Reliance Mutual Fund added 14.20 million shares of Jayaswal Neco Industries. It also added 5.78 million shares of Indiabulls Real Estate, 5.01 million shares of Reliance Power, 3.63 million shares of Spicejet and 2.10 million shares of Marg.

Gulf Oil Corporation, Tata Motors, Zee Entertainment Enterprises, Cipla were some others those were added by the fund house.

On the other hand the fund house has exited 3i Infotech by selling 6.73 million shares, followed by Zee News were the fund house sold 6.38 million shares. It also sold Texmaco and Kirloskar Industries by selling 5.14 million shares and 4.44 million shares, respectively.

Some other stocks offloaded by the fund house include Suzlon Energy, Balrampur Chini Mills, Radico Khaitan and Rain Commodities among others.

The fund house has actively churned its banking stocks; it added Union Bank of India, HDFC Bank, ICICI Bank, Indian bank and Punjab National Bank to its portfolio while Andha Bank, SBI, Karnataka Bank, Bank Of Baroda, Corporation Bank, Jammu and Kashmir Bank and Oriental Bank of Commerce were sold.

 

[praveen taneja]

Results Today:



Bilpower,

Bombay Rayon,

Chennai Petro,

Grindwell Norton,

ICRA,

JK Lakshmi Cement,

Man Industries,

Motherson Sumi,

Munjal Showa

and Omnitech Info.