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Dear Jagdish,
Is It only for ICICi or other Private bank too
Regds
GV...
In reply to:
28th July
Posted by :
JAGDISH GABA
gv,only a line from your message
ICICI will have lessor customers over a period now
1 defaulters of credit card will not visit
2QAB increased from 5000 to all the customers from 1st august,2008
3most of the staff is leaving for better options
4 staff incentives are being regulated so no +ve sign on this front too
5 two wheele loans stpped
charges on cash dropped in cheque's collection boxes even if its for repayment of credit card bills
6 negative sentiments n rumours flating in the mkt about its future
With all these factors,the bank may lose heavily in business 
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Nilesh Shah of Envision Capital feels that the markets are oversold in short term. There was a 10% correction in the market post the recent highs and nothing as deteriorated after that, he said. He also feels that the Sensex will not trade below 13500 unless there are some negative news....
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Underwriter :
The investment banking firm that brought the company public.
Aug 29,2008....
In reply to:
< Enhance Stock Knowledge Skills >
Posted by : TrueCompanion
Bellwether stock
Definition
Security whose price movements are, or regarded to be, an indicator of the movements of the market as a whole.
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AUTOMOBILE: General Motors India\'s powertrain making unit at Talegaon, near
Pune, will begin operations by Jan-Mar 2010. (NW18)
.
AVIATION: Greater Noida airport plan shot down. (DNA)
.
EXCHANGES: Bombay Stock Exchange has got in-principle approval from
Securities and Exchange Board of India to set up platform for currency
futures trading. (NW18)
.
FOOD AND BEVERAGES: U.K.-based Karan Billimoria exploring outright sale of
Cobra Beer after drinks giant Diageo called off a transaction to pick up a
minority stake in the company. (ET)
.
INFORMATION TECHNOLOGY: Sify Technologies plans to spend $100 mln over the
next two years on data centres. (NW18)
.
INFRASTRUCTURE: The National Highways Authority of India has prevented two
shortlisted companies--GMR Group and Madhucon Projects--from bidding for the
176-km highway stretch in Andhra Pradesh. (Mint)
.
MISCELLANEOUS: Pakistan\'s Karachi Stock Exchange placed a floor price for
shares to prevent any further decline. (NW18)
.
OIL AND GAS: City gas distribution revolution nears; formal bids to be sought
in a month. (DNA)
.
PRIVATE EQUITY: Hong Kong-based Baring Private Equity Asia has acquired a
stake in architecture and engineering company RSP Design Consultants India.
(NW18)
.
REGULATOR: SEBI to clamp down on fake portfolio managers. (HT)
.
RETAIL: Subhiksha Trading Services is planning to invest up to 4 bln rupees
to roll out large format retail stores across the country over the next 12
months. (NW18)
.
STEEL: Tata Steel Chairman Ratan Tata says the industry is facing great
challenges relating to rising costs of key inputs, iron ore and coking coal,
which would impact steel and could result in \"recessionary trend\" in the
sector. (NW18)
.
STOCK EXCHANGES: Bombay Stock Exchange has received in-principle approval from Securities and Exchange Board of India to set up a platform for currency
futures trading. (NW18)
.
TELECOM: Government will auction 3G spectrum for companies providing telecom
services based on code division multiple access technology as well. (NW18)
...
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* BALLARPUR INDUSTRIES: Apr-Jun consolidated net profit 697 mln rupees. (NW18)
.
* CIPLA: Expects its revenue growth at 12-15% in 2008-09 and will continue to
pursue an aggressive expansion policy to cater to increased volume growth.
(NW18)
.
* DECCAN AIRWAYS: To be rebranded Kingfisher Red. (BS)
.
* DISHMAN PHARMACEUTICALS: To invest 5 bln rupees in setting up two special
economic zones. (NW18)
.
* HINDUSTAN PETROLEUM CORP: Seeks shareholders\' OK to up borrowing limit to
200 bln rupees. (NW18)
.
* ISPAT INDUSTRIES: Nears raw material joint ventures in Colombia and Brazil.
(DNA)
.
* MARKSANS PHARMA: Is in pact to acquire UK-based generic pharmaceutical
company Relonchem for an undisclosed sum. (NW18)
.
* MOLD TEK TECHNOLOGIES: Is targeting consolidated revenue of 330 mln rupees,
and net profit of 94 mln rupees in 2008-09 (Apr-Mar) from its KPO business.
Also planning two greenfield plants for its plastics business. (NW18)
.
* MOVING PICTURE COMPANY: To enter regional news channel space and is in
talks to buy stake in STV Enterprises, which operates channels in Punjab,
Haryana, and Uttar Pradesh. (BS)
.
* NTPC: To restore Simhadri coal supply soon. (DNA)
.
* OIL AND NATURAL GAS: China Petroleum & Chemical, or Sinopec, to withdraw
from race for acquiring U.K.-based Imperial Energy; move may help Oil and
Natural Gas Corp. acquire Imperial. (BS)
.
* TATA MOTORS: Expects to maintain and improve its margins during the current
financial year through cost cuts, and has no immediate plans to increase
vehicle prices. (NW18)
The company has said Singur stir may hit the deadline for its
100,000-rupee small car Nano project. (NW18)
Protestors to stop Tata workers at Singur. (ToI)
.
* TATA STEEL: Arm Tata Steel Global Holding, based in Singapore, is in talks
to raise $1 bln through private equity transactions or a private placement of
shares with institutional investors. (Mint)
.
* TECH MAHINDRA: Has agreed to buy 17.28% stake in London-based systems
integration company Servista. (NW18)
.
* WIPRO: May buy a German SAP services company. (DNA)
.
* ZENITH COMPUTERS: Plans to raise its production capacity to 300,000
units by Mar 31. (NW18)
NewsWire18
...
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IPO WATCH
. Delhi-based Great Eastern Energy Corp. is planning public issue. (BS)
...
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We will see 4000 first then go to 4500....
In reply to:
Where do you see the Nifty in September?
Posted by :
martinoricky
all the bad news already being popinted out, now we are heading towards the market upside! we surely get nifty above 4500 in september
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Bank shares were in demand after data showing softening of inflation boosted hopes of central bank keeping key lending rates unchanged in its next monetary review.
The BSE Bankex outperformed the Sensex, rising 4.61% at 6,900.72. The BSE Sensex was up 341.29 points or 2.43% at 14,389.63.
ICICI Bank (up 5.51% at Rs 668.85), Kotak Mahindra Bank (up 4.53% at Rs 582), Axis Bank (up 4.59% at Rs 701), HDFC Bank (up 4.43% at Rs 1268.10), and State Bank of India (up 4.01% at Rs 1362), flared up.
The annual wholesale price index-based inflation rose 12.40% for the week ended August 16, lower than the 12.63% the previous week. Inflation was at 3.99% during the corresponding week a year ago.
Reacting to the latest provisional numbers, the Finance Ministry said: “There are some early signs of moderation of inflation.” The dip in headline inflation was despite a continued rise in inflation in manufactured products.
The BSE Bankex underperformed the market over the past one month till 28 August 2008, falling 2.45% compared to the Sensex’s 2.10% fall. It had also underperformed the market in the past one quarter, falling 16.85% compared to Sensex’s 14.99% fall.
-CM courtesy ...
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GDP for Q1 at 7.9 % ( expected 8 % )...
In reply to:
28th July
Posted by :
mohanji
Vam,
what time GDP figures are going to be annouced?...Do you think nifty future can be added now(4309)?regards
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MARKETS
Call : Seen up as banks may rush to meet reserve needs in early trade.
CBLOs seen at 8.00-8.50%. 3-day call: 6.50-9.00% vs 6.50-6.75% 1-day Thu.
Bonds : Seen up on fall in inflation rate, improved liquidity and banks\' SLR
demand. 10-year yield: 8.70-8.90% vs 8.77% Thu.
.
Rupee :
Up as banks may sell dlrs noting its weakness and on hope of FII inflow
as local shares seen firm. Range: 43.6500-43.8500/$1 vs 43.7800 Thu.
.
Stocks:
Likely to rise as inflation below estimate; Apr-Jun GDP data eyed.
...
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Market rally as inflation eases; GDP data eyed
Key benchmark indices are geared for gap-up opening today, 29 August 2008 as inflation slowed for the first time in a month but remained stuck at 13-year highs. Global cues were strong. Derivative contracts for August 2008 series expired yesterday, 28 August 2008 with strong rollovers.
Meanwhile all eyes will now be on the GDP growth numbers for Q1 June 2008 which will announced by the government today, 29 August 2008. Moody\'s has projected that India\'s economic growth would decelerate to 7.9% in the current fiscal from 9% in 2007-08, on the backdrop of rising interest rates and slow credit growth.
Inflation for the week ended 16 August 2008 slipped to 12.40% from 12.63% in the previous week, data released after market hours yesterday, 28 August 2008 showed. Inflation has nearly tripled from 4.39% a year ago and now is riding around the highest levels since the current inflation series began being compiled 13 years ago.
Derivative contracts for August 2008 series expired yesterday, 28 August 2008 with strong rollovers. As per reports, marketwide rollover of positions from August 2008 series to September 2008 series stood at 83% as while that of Nifty was at 75%. marketwide rollover of positions stood at 79% as while that of Nifty was at 65% in previous series.
US crude lost $2.56 at $115.59 barrel, yesterday, 28 August 2008 after the US government and the International Energy Agency pledged to release emergency stockpiles if Tropical Storm Gustav disrupted US oil production.
Asian markets were trading higher today, 29 August 2008. China\'s Shanghai Composite rose 0.39% or 9.21 points at 2,359.35, Japan\'s Nikkei advanced 2.19% or 179.37 points at 13,047.62, Hong Kong\'s Hang Seng gained 1.98% or 415.40 points at 21,387.69, Taiwan\'s Taiwan Weighted was up 0.24% or 17.20 points at 7,050.57, Singapore\'s Straits Times added 1.21% or 32.56 points at 2,723.56, and South Korea\'s Seoul Composite surged 0.31% or 4.53 points at 1,478.68
US markets rallied yesterday, 28 August 2008 on stronger than expected GDP growth and a drop in oil prices. Second quarter GDP came in at a better than expected 3.3%. Weekly jobless claims also dipped. The Dow Jones industrial average surged 212.67 points, or 1.85%, to 11,715.18. The S&P 500 index rose 19.02 points, or 1.48%, to 1,300.68, and the Nasdaq Composite index advanced 29.18 points, or 1.22%, to 2,411.64.
Foreign institutional investors (FIIs) were net equity sellers worth Rs 187.19 crore while mutual funds purchased shares worth Rs 390.62 crore on Thursday, 28 August 2008, according to provisional data on NSE.
FIIs were net buyers of Rs 19.97 crore in the futures & options segment on Thursday, 28 August 2008. They were net sellers of index futures to the tune of Rs 376.27 crore and purchased index options worth Rs 509.45 crore. They were net sellers of stock futures to the tune of Rs 142.17 crore and bought stock options worth Rs 28.95 crore.
Heavy selling in late trade on concerns of high inflation and rising crude oil prices, saw benchmarks end sharply lower yesterday, 28 August 2008. The BSE Sensex lost 248.45 points or 1.74% to 14,048.34, and the S&P CNX Nifty fell 78.1 points or 1.82% to 4214.
Other Stories
4 August 2008 derivatives expiry to keep market volatile; inflation eyed (28-Aug 09:29 Hrs IST)
4 Market seen range-bound amid volatility (27-Aug 09:27 Hrs IST)
4 Market seen weak on negative global cues (26-Aug 09:27 Hrs IST)
4 Market seen higher on positive global cues (25-Aug 09:28 Hrs IST)
4 Market seen under pressure on surge in inflation, crude rally (22-Aug 09:28 Hrs IST)
4 Market likely to see choppy trade, inflation data eyed (21-Aug 09:30 Hrs IST)
4 Market seen range-bound on mixed global cues (20-Aug 09:25 Hrs IST)
4 Weak global cues may trigger lower opening (19-Aug 09:25 Hrs IST)
4 Runaway inflation at 16-year high may trigger lower opening (18-Aug 09:26 Hrs IST)
4 Market may extend fall as Sebi takes no decision on PNs (14-Aug 09:22 Hrs IST)
-courtesy CM
...
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MID-SESSION
Market surges in opening trade; bank shares rally
Key benchmark indices opened with sharp upward gap as inflation softened for the first time in 28 weeks. The BSE 30-share Sensex was up 338.51 points. Global cues were strong. Derivative contracts for August 2008 series expired yesterday, 28 August 2008 with strong rollovers.
The market breadth was strong on BSE. Banking shares rallied, with ICICI Bank surging over 5%. Reliance Industries advanced over 2% after declining in the previous three trading session days.
Meanwhile all eyes will now be on the GDP growth numbers for Q1 June 2008 which will announced by the government today, 29 August 2008. Rating agency Moody\'s has projected that India\'s economic growth would decelerate to 7.9% in the current fiscal from 9% in 2007-08, on the backdrop of rising interest rates and slow credit growth.
At 10:25 IST, the BSE 30-share Sensex was up 338.51 points or 2.41% to 14,387.19. It opened 230.68 points higher at 14,279.02 and surged to strike an intra-day high of 14,414.87 in early trade. At the day’s high, the Sensex gained 366.53 points.
The S&P CNX Nifty advanced 96.65 points or 2.29% to 4,310.65
The market breadth was strong on BSE with 1229 shares advancing as compared to 272 that declined. 38 remained unchanged.
The total turnover on BSE amounted to Rs 576 crore.
Barring Ranbaxy Laboratories, all the other 30 Sensex stocks were in green.
Banking shares rallied after inflation slowed for the first time in 28 weeks. India’s largest private sector bank by net profits ICICI Bank surged 5.71% to Rs 670.10. It was the top gainer from Sensex pack.
HDFC Bank (up 4.27% to Rs 1267.20), and State Bank of India (up 4.01% to Rs 1361), advanced.
Annual wholesale price inflation rose 12.40% in 12 months to 16 August 2008, below the previous week\'s 12.63% but remained stuck at 13-year highs, data released by the government after trading hours on Thursday, 28 August 2008 showed. No conclusion can be drawn from one week\'s inflation number, Finance Minister P Chidambaram said.
Inflation has nearly tripled from 4.39% a year ago and now is riding around the highest levels since the current inflation series began being compiled 13 years ago.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) rebounded after declining for previous three days. The stock advanced 2.15% to Rs 2118.25 on 1.67 lakh shares. On 26 Tuesday, August 2008, RIL confirmed media reports that it is planning to transfer 80% of its participatory interest (PI) in the D6 oil and gas block in the Krishna Godavari (KG) basin to four unlisted subsidiaries.
Tata Steel, the world\'s sixth-largest steel maker by capacity, gained 2.40% to Rs 585.50. The company said after trading hours yesterday, 28 August 2008, its consolidated net profit rose 60.4% to Rs 3900.90 crore in Q1 June 2008 over Q1 June 2007, boosted by its Anglo-Dutch unit Corus.
Reliance Infrastructure (up 4.22% to Rs 974.75), HDFc (up 3.45% to Rs 2327), and Jaiprakash Associates (up 3.68% to Rs 161.85), edged higher from Sensex pack.
Ranbaxy Laboratories, the country’s biggest pharma company by sales, slipped 0.75% to Rs 510.05. As per reports, the Foreign Investment Promotion Board (FIPB) on 27 August 2008 approved the acquisition of Ranbaxy by Japan\'s Daiichi Sankyo and the deal would now have to be cleared by the Finance Minister and the Cabinet Committee on Economic Affairs.
Derivative contracts for August 2008 series expired yesterday, 28 August 2008 with strong rollovers. As per reports, marketwide rollover of positions from August 2008 series to September 2008 series stood at 83% while that of Nifty was at 75%. In the previous series, marketwide rollover of positions stood at 79% as while that of Nifty was at 65%
US crude lost $2.56 at $115.59 barrel, yesterday, 28 August 2008 after the US government and the International Energy Agency pledged to release emergency stockpiles if Tropical Storm Gustav disrupted US oil production.
Asian markets were trading higher today, 29 August 2008. Key benchmark indices in China, Japan, Hong Kong, Taiwan, Singapore and South Korea were up by between 0.02% and 1.84%.
courtesy CM-...
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NSE to launch exchange traded currency futures today...
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* Finance Minister Chidambaram in Mumbai- To launch currency derivatives at NSE. And To meet SEBI head Bhave at SEBI, investors, attend NSDL function, meet SUUTI board members at UTI Tower, attend UTI MF board meeting and meet LIC board members. ...
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In another 20 to 25 minutes GDP numbers are expected, If GDP numbers are above expctation we might see a 20 to 30 Point Upmove, let's see
...
In reply to:
28th July
Posted by : mohanji
Vam,
what time GDP figures are going to be annouced?...Do you think nifty future can be added now(4309)?regards
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