Current news & Rumours in the mkt

[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 09-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 09-Apr-2010 2629.9 2396.81 233.09



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 09-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 09-Apr-2010 1285.26 1351.72 -66.46

 

[praveen taneja]

Ayesha-Shoaib divorce paper, worth 15 crore?



Most hurdles crossed, Sania and Shoaib are now set to come together in a holy matrimony. The known cost of divorcing his ex-wife is Rs 15,000.

But there're reports suggesting that Shaoib has paid a good 15 crore to buy his independence. Frantic negotiations anchored by several Muslim leaders, including cricketer-cum-MP Mohd Azharuddin, Andhra Pradesh minorities welfare minister Mohammed Ahmadullah, and Pradesh Congress Committee general secretary Abid Rasool Khan.

The matter was resolved and Ayesha's family has withdrawn all cases against Shoaib lodged with Hyderabad police. Sources say that officially, Ayesha will get Rs 5,000 as mehr for three months during the Iddat period as alimony according to the Sharia law. And Ayesha's family emphatically denies any additional money changing hands.
Is this Called Long term Investment:rofl::rofl::rofl::rofl:

 

[trade man]

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 31-Mar-2010 2778.13 2344.61 433.52
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 31-Mar-2010 1425.37 1781.95 -356.58

DII and MF selling for the last 15days contradict that:thumb:

what is dii and fii and promoters in the market

 

[praveen taneja]

what is dii and fii and promoters in the market

DII > Domestic instituitional Investors like MF Insurance companies trusts and banks etc
FII > Foriegn Instituitional Investors like Blackstone Firiegn banks and other financial instituitions regd with SEBI
Promotrs are company owners who promote an idea and create a company and sell shares to investors:thumb:

 

[praveen taneja]

FII buying vigour slows down
Foreign institutional investors (FIIs) bought shares worth a net Rs 148 crore on Thursday, 8 April 2010, lower than Rs 417.70 crore on Wednesday, 7 April 2010.

FII inflow of Rs 148 crore on 8 April 2010 was a result of gross purchases Rs 2109.40 crore and gross sales Rs 1961.40 crore. There was an inflow of Rs 143 crore into secondary equity markets which was a result of gross purchases Rs 2103.30 crore and gross sales Rs 1960.30 crore. The BSE Sensex fell 255.62 points or 1.42% to 17,714.40 on that day.

There was an inflow of Rs 5 crore in the category primary market & others, which was a result of gross purchases Rs 6.10 crore and gross sales Rs 1.10 crore.

FII inflow in April 2010 totaled Rs 3610.70 crore (till 8 April 2010). FIIs had bought equities worth Rs 19,928.20 crore in March 2010. FII inflow in the calendar year 2010 totaled Rs 24,255.10 crore (till 8 April 2010).

There are a total of 1,717 foreign funds registered with the Securities & Exchange Board of India (Sebi).

 

[praveen taneja]

Sebi bars 14 firms from issuing Ulips
The stock market regulator Securities & Exchange Board of India (Sebi) has directed a total of 14 insurance firms not to issue any offer document, advertisement, brochure soliciting money from investors or raise money from investors by way of new and/or additional subscription for any product, including unit-linked insurance plans (Ulips) having an investment component in the nature of mutual funds, till they obtain the requisite certificate of registration from Sebi.

In an order issued on Friday, 9 April 2010, Sebi wholetime member Prashant Saran has said Ulips are akin to the characteristics of mutual funds which issue units to the investors and provide exit at net asset value of the underlying portfolio. Ulips launched/offered by these 14 entities are different from the traditional insurance products and they are a combination of insurance and investment, the Sebi order states.

 

[praveen taneja]

Reliance Industries (RIL) has entered into a JV with Atlas Energy Inc, which involves Atlas transferring an interest in its Marcellus Shale position equal to 120,000 net acres in a transaction valued at $1.7 billion. RIL will acquire a 40% interest in approximately 300,000 net acres (120,000 net to Reliance) of undeveloped leasehold held by Atlas, and Atlas will retain a 60% interest in the acreage. RIL will pay approximately $340 million in cash upon closing and an additional $1.36 billion in the form of a drilling carry. Further, RIL will invest $3.4 billion over the next 10 years to develop the acreage.

 

[praveen taneja]

BEIJING: China recorded its first monthly trade deficit in six years, but a customs official called the shortfall a blip and economists doubted it
would stand in the way of a resumption in the yuan's rise before long.

China's $7.24 billion deficit in March, the first time the trade balance has been in the red since April 2004, mainly reflected strong imports of oil, raw materials and cars, the General Administration of Customs said on Saturday. Significantly, the level of both exports and imports was higher than in March 2008, before the global credit crunch reached a climax.

China's leaders have said they want to be sure that exports have made a sustained recovery before unwinding anti-crisis policies, including a freeze of the yuan's exchange rate against the dollar imposed in July 2008. "The trade deficit will likely be cited as evidence that trade flows are adjusting despite the lack of change in China's currency, but we do not think it will be enough to derail the move to a stronger yuan in the months ahead," Brian Jackson, an economist with Royal Bank of Canada, wrote in a note during a panel discussion at the annual Boao Forum for Asia on the southern island of Hainan.

 

[praveen taneja]

Corporate News Headline
• Reliance Industries said it will invest USD 1.7 bn in a joint venture with Atlas Energy Inc to produce gas from shale, sedimentary rocks, in Marcellus region. (BS)
• ACC said it has commissioned its third wind energy farm near Satara in Maharashtra. The wind farm comprises two turbines of 1.25 Mw capacities each at a cost of about Rs. 130 mn. (BS)
• Sun Pharmaceuticals said its unit had received tentative US regulatory approval to market a generic version of Forest Laboratories' Namenda tablets. (BS)

 

[praveen taneja]

Economic and Political Headline
• The 3G spectrum auction evoked an excellent response from mobile operators, with the reserve price of Rs. 35.00 bn for pan-India operations escalating nearly 12% to Rs. 39.13 bn. According to information posted on DoT website, five rounds of auction were completed. Delhi circle, for which the reserve price is set at Rs. 3.20 bn, generated the maximum interest from bidders with the winning prices at the end of round five was Rs. 3.73 bn. Nine circles saw negative demands. (BS)
• China posted its first trade deficit in six years in March even as the yuan stayed pegged to the dollar, aiding government efforts to play down the currency's role in global economic imbalances. The USD 7.24 bn shortfall was reported by the customs bureau on its Web site. Imports surged 66% from a year earlier as exports gained 24%. (Bloomberg)
• UK producer prices jumped in March by more than economists forecast in the biggest increase for almost two years as manufacturers passed on higher costs of raw materials, fanning inflation pressures. The cost of goods at factory gates rose 0.9% from the previous month, the Office for National Statistics said in London. (Bloomberg)