stocks & share market news

Sensex gains 143 points

2006-05-26T16:48:00.000-07:00

The markets closed in the positive terrain on the last of the week due to sustained buying seen in index pivotals.

The Sensex closed with the gain of nearly 1.34% or 143 points at 10,809 and the Nifty was up more than 1% at 3,209.

The BSE Small Cap rose by 2.6% & the BSE Midacp was up over 2.47%. All the BSE sectoral indices closed in green.

The BSE Metal index advanced 3.54% to close at 8,919.78. Stocks like Guj NRE Coke, JSW Steel, SAIL, Jindal Stainless, Hind Zinc and Tata Steel gained.

Stocks likes Titan Industries, Su-Raj Diamonds, Whirlpool, Blue Star and Samtel Color surged. The consumer durables index closed at 3,076.85 up 2.97%

The capital goods index rose 2.3% to close at 7,535.89. Stocks like Alstom Projects, Lakshmi Machine, SKF India, Bharat Electronics and Siemens witnessed buying interest.

The FMCG index rose 1.91% and close at 2,027.58. Stocks like Dabur India, Tata Tea, Britannia, Nirma and HLL moved up.

The health care index was up 1.74% at 3,502.68. Stocks like Aurobindo Pharma, Cipla, Divis Labs, Lupin, Orchid Chemical and Wockhardt soared.

The NSE cash turnover stood at Rs 7145.92 crore (Rs 71.45 billion) and the NSE F&O turnover was Rs 23408.32 crore (Rs 234.08 billion).

The BSE cash turnover stood at Rs 3158.35 crore (Rs 31.58 billion). The total market turnover was at Rs 33712.59 crore (Rs 337.12 billion) versus Rs 56867.82 crore (Rs 568.67 billion) on Thursday.

Tags: sensex|nifty|stock market news

stock market news | sensex

Sensex up by 341 points

2006-05-23T05:40:00.000-07:00

The market witnessed stability in trade on Tuesday after a historic free-fall on Monady's trading session.

The 30-share benchmark index closed 341.01 points up at 10,822.78 in a highly volatile trading session as broad based buying intensified.

The NSE Nifty rose 118.00 points to close at 3,199.35 after it hit a 139.7 point high at 3,221.05.

Among the Sensex stocks, 28 moved higher while only 3 of them declined.

Tags: sensex|nifty|stock market news

IPO: Prime Focus Ltd

2006-05-22T07:47:00.000-07:00

Company Name : Prime Focus Ltd
Type of Issue : Book Built

Issue Opens : 25 May, 2006
Issue Closes : 31 May, 2006

Issue Size : 2,000,000 (No. of Shares)

Lower Price Band (Rs): 450
Upper Price Band (Rs): 500
Total Size (Rs) : 100 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: ICICI Brokerage Services Ltd & Centrum Capital Ltd
Company Details:
URL : http://www.primefocus.co.in
Address : Anand Kunj, North Avenue, Linking Road, Santacruz (W), Mumbai - 400054
Email : ipo@primefocus.co.in
Contact Details : 912266925000 /912266976310 (fax)

ipo|sensex|prime focus ltd ipo

Smart strategies for unpredictable markets

2006-05-19T17:57:00.000-07:00

The moment equity markets turn volatile, it causes anxiety and in some cases, even sleepless nights. No wonder, many investors abandon a carefully designed investment strategy in a knee-jerk reaction and pay the price for it. Obviously, it is not a smart thing to do.

The key is to recognise that volatility exists in the market place and will remain so. After all, volatility is a statistical measure of the tendency of the markets to rise and fall.

While volatility can be described as a natural phenomenon, there is a need for investors to develop ways to deal with it. In reality, different people react differently to market volatility. While a seasoned investor may take volatility in his stride, a novice investor will be tempted to pull out of the market completely.

Someone who has spent time in the stock market would know that it is quite normal for the stock market to go up and down in certain time periods.

For those who are not familiar with equity markets, it is important to put volatility in perspective. The fact of the matter is that irrespective of the instrument that you invest in, you still have to contend with volatility. Even if you are a conservative investor and have been investing in traditional instruments, you still have to tackle interest rate fluctuations.

As mentioned earlier, all of us need to develop ways to deal with volatility. Let us analyze various strategies for both existing, as well as new investors to handle volatility.

Strategies For Existing Investors:

In a volatile market, an existing investor might be tempted to think that the best course of action would be to try and anticipate the market movements and move his investments accordingly. It is a proven fact that even experts find it difficult to achieve this.

Therefore, the best way is a market timing and adopt a disciplined approach to equity investing.

For those who invest through a well-defined financial plan, the best way to handle volatility is to stay away from it altogether. In other words, the best option for such investors would be to ignore short-term volatility. The main advantage of remaining invested is that one minimizes one's chances of missing out on the sudden rallies in the market.

In a frequently volatile market, it helps to diversify. Diversification not only reduces risk but also helps in optimizing returns on a risk-adjusted basis. For those investing in equity directly, mutual funds can help achieve the level of diversification not possible to achieve through direct investment in equities alone.

For those who are already invested in mutual funds, it is necessary to make sure that your funds from different fund families do not hold the same stocks. If they do, it will have impact on the level of diversification that you achieve through them. Also a heavy concentration in a specific category of funds, sectors, segment and a particular fund house.

Another important strategy is to rebalance your portfolio periodically. Rebalancing is a disciplined method of maintaining proper allocation to each asset class in your portfolio. Over a period of time, the mix of assets in your portfolio may become inconsistent with your original asset allocation. Rebalancing the portfolio in a planned manner makes your portfolio less prone to volatility.

Strategies For New Investors:

First of all, it is important for a new investor to understand that market volatility is quite normal. However, volatility is an unpleasant realty of the marketplace that deters most investors from investing in the stock market. Fortunately, there are strategies, if followed properly that can help in more than one ways.

One such strategy is to invest on a regular basis. Mutual funds offer Systematic Investment Plan (SIP). SIP means making periodic investments of the same amount of money in an equity fund regardless whether the stock market is declining or ascending. The idea behind this strategy is that by investing the same amount each month over a period of time, you do not have to worry about right time or the wrong time to invest.

Besides, this cuts down on the risk that you normally face when you end up investing a lump sum amount at market highs, as it is very difficult to predict the movement of the market in the short-term. In other words, SIP can be a good way to protect yourself from a volatile market.

Another recommended strategy is to diversify. For a new investor, it is important to know that even when the market as a whole rises or falls, not every scrip in the portfolio follows suit. In other words, by diversifying within an asset class, you become less vulnerable to volatility in a particular sector or a segment.

The best way to achieve this is by investing through mutual funds. The best thing about mutual funds is that not only are they diversified by nature, they also make it possible to diversify across different types of funds. It is also important to have a long-term investment horizon to handle volatility.

Remember the longer your time horizon, the less your risk. Therefore, if you do not need the money, you can wait for the markets to recover. At the same time, becoming overly optimistic when the markets are good can be as detrimental as worrying too much during the bad times.

Therefore, it will not be wrong to say that the right approach to handle all kinds of markets, especially a volatile one, is to remain focused on your investment plan and objectives.

The author Hemant Rustagi is CEO, Wiseinvest Advisors Pvt. Ltd.

Sensex biggest drop ever, down by 826 points

2006-05-18T06:38:00.000-07:00

The markets closed with sharp correction taking cues from Dow, Asian and other emerging markets. The Sensex closed at 11,391 down 826 points, which is the highest ever absolute fall for the Sensex. The NSE Nifty closed with a loss of 246 points at 3,389.

According to experts, one of the reasons for such a fall is that the US CPI numbers came on Wednesday and were worse than expectations, which could further initiate a hike in Fed rates.

On the domestic front, triggering of margin calls caused spiraling, which led to across the board selling.

Although the fall has been very steep on Thursday, but the fall in the Indian market in the last one week has been lesser as compared with a fall in the other emerging markets like Brazil, Russia and Mexico.

The BSE midcap index was down 6.4% at 5,891.12 and the BSE Smallcap was down 6.44% at 7,617.20.

The overall market breadth was negative, about 262 shares have advanced, 2216 shares declined, and 29 shares are unchanged.

All the Sensex and Nifty stocks closed in the negative terrain. All the BSE indices closed in red.

The NSE cash turnover was Rs 10565.45 crore. The NSE F&O turnover stood at Rs 44907.2 crore. The BSE cash turnover stood at Rs 4844.82 crore.

The BSE oil & gas index was down 7% at 5,557.86. The major losers were MRPL, Petronet LNG, Reliance, ONGC and GAIL.

The FMCG index was down 6.4% at 2,125.74. Stocks including Shaw Wallace, Dabur India, Colgate, Tata Tea and ITC were among the major losers.

Tags: sensex|nifty|stock market news

Sensex up by 344 points

2006-05-17T16:01:00.000-07:00

The Sensex continued its rise throughout the day on Wednesday and finally closed 344 points up at 12,218.

The NSE Nifty too soared by 118 points to close at 3641.

Tata Steel has soared 6.6% to Rs 611. ITC has zoomed over 5% to Rs 204.

ONGC has surged 6% to Rs 1,444, and Reliance has added 4.2% to Rs 1,087.

Hero Honda and Bajaj Auto have zoomed around 5% each to Rs 892 and Rs 3,272, respectively. Tata Motors has rallied 4% to Rs 967. SBI has advanced 4.8% to Rs 968. Bharti Tele has soared 3.8% to Rs 418, and Satyam has spurted 3.5% to Rs 772.

Cipla has shed 1.6% to Rs 259. HDFC Bank is down 1% at Rs 838. Out of 2,595 stocks traded so far, 2,082 have advanced, 476 have declined and 37 are unchanged.

IPO: Deccan Aviation Ltd

2006-05-15T07:28:00.000-07:00

Company Name : Deccan Aviation Ltd
Type of Issue : Book Built

Issue Opens : 18 May, 2006
Issue Closes : 23 May, 2006

Issue Size : 24,546,000 (No. of Shares)

Lower Price Band (Rs): 150
Upper Price Band (Rs): 175
Total Size (Rs) : 430 Crores

Registrar to the Issue : Karvy Computershare Pvt Ltd
Managers to the Issue: Enam Financial Consultants Pvt Ltd & ICICI Securities Ltd
Company Details:
URL : http://www.airdeccan.net
Address : 35/2.Cunningham Road, Bangalore - 560 052, Karnataka, India
Email : investors@airdeccan.net
Contact Details : 918041148190 /918041148199 /918041148849 (fax)

ISSUE Description
The above price band is indicative
the final price band shall come 2 days before the FPO opens for subscribtion.

ipo|sensex|deccan aviation ltd ipo

Sensex down by 463 points today

2006-05-15T07:24:00.000-07:00

The 30-benchmark index closed 462.91 points down at 11,822.20 after crashing by over 514 points at 11,770.76 at pre-closing on Monday on heavy selling by funds and other market participants in bluechip stocks.

Hindalco was the biggest loser of the day. Hindalco plunged 13.34% at Rs 210.15

The NSE Nifty closed 147.10 points at 3,502.95 after it plunged 167.20 points at 3482.85. It opened with 1.05 points up at 3,651.00.
This is the biggest ever fall for the Nifty in its history.

Tags: sensex|nifty|stock market news

DLF files draft for largest-ever IPO

2006-05-12T13:56:00.000-07:00

Real estate major DLF Universal on Friday filed its draft prospectus with the Securities and Exchange Board of India for its approval to enter the capital market with an initial public offering to raise over Rs 11,000 crore (Rs 110 billion), making it the largest ever IPO in the country.

DLF would be offering 20.2 crore (202 million) equity shares of Rs 2 each for cash at a premium to be decided through the 100 per cent book building process, the company said in a statement in New Delhi.

The issue shall constitute about 12.77 per cent of the fully diluted post-issue capital of the company.

According to market sources, after the IPO, K P Singh, promoter of DLF Group, would become the richest Indian in the world whose market cap would be among the top three companies.

Tags: sensex|nifty|stock market news

Sensex at a new high of 12612 points

2006-05-10T17:01:00.001-07:00

Sustained buying in blue-chip shares, led by oil majors ONGC and Reliance Industries (RIL), added further strength to the stock market with the sensex hitting a new high for the ninth day in a row on Wednesday.

The Sensex opened with a positive gap of 33 points at 12,547. The index slipped a bit to touch a low of 12,531, but soon shot back to zoom past the 12,600-mark.

Steady buying, thereafter, saw the index rally to a new all-time intra-day high of 12,624. Intra-day profit booking saw the index slip towards the day's open and then bounce back to end with a gain of 99 points at 12,612.

The BSE Metal index jumped 243 points, or 2.2%, to end at 11,239. Hindalco spurted 4.3% to Rs 239, while steel major Tata Steel rose 1.2% to Rs 668. Sail, Nalco, Sterlite Industries and Jindal Steel also gained substantial ground. Overall, the market breadth remained positive.

Tags: sensex|nifty|stock market news

IPO: Gangotri Textiles Ltd

2006-05-10T17:01:00.000-07:00

Company Name : Gangotri Textiles Ltd
Type of Issue : Book Built

Issue Opens : 18 May, 2006
Issue Closes : 23 May, 2006

Issue Size : 10,000,000 (No. of Shares)

Lower Price Band (Rs): 42
Upper Price Band (Rs): 55
Total Size (Rs) : 55 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: Sbi Capital Markets Ltd & Keynote Corporate Services Ltd
Company Details:
URL : http://www.gangotritextiles.com
Address : 473/2, P. K. D. Nagar, Peelamedu, Coimbatore - 641 004
Email : shares@gangotritextiles.com
Contact Details : 914224332100 /914222576742 (fax)

ISSUE Description
The above price band is indicative
the final price band shall come 2 days before the FPO opens for subscribtion.

ipo|sensex|gangotri textiles ltd ipo

sensex at 12154 points

2006-05-09T16:34:00.000-07:00

The Sensex opened with a positive gap of 26 points at 12,488. After soaring to a new high in early trades the index soon plunged into the red to touch a low of 12,356 - down 106 points from the previous close.

Fresh buying thereafter saw the index recoup all its losses and rebound into the positive zone. As the buying gained momentum the index rallied to a new all-time intra-day high of 12,546 - up 189 points from the day's low.

The Sensex finally settled with a gain of 51 points at 12,514. Thus, the index has gained 5.7% (679 points) in eight straigth sessions.

Tags: sensex|nifty|stock market news

Sensex up by 103 points

2006-05-08T17:13:00.000-07:00

The Sensex opened with a positive gap of 33 points at 12,393. Fresh buying in opening deals saw the index zoom to a new all-time intra-day high of 12,511.

The index, thereafter, pared gains and displayed range-bound movement throught the day. The Sensex finally settled with a gain of 103 points at 12,462.

Among sectoral indices, the BSE Oil & Gas index was the only notable gainer - up 3% at 6,236. On the other hand, the Consumer Durable index was the only notable loser - down nearly 1% at 3,640. All other sectoral indices ended more or less on a flat note.

Tags: sensex|nifty|stock market news

Sensex at an all time high

2006-05-04T05:20:00.000-07:00

The Sensex opened with a positive gap of 32 points at 12,344. Heavy buying mainly in Reliance Industries saw the index zoom to a new all-time intra-day high of 12,483 - up 172 points from the previous close.

The 30-share BSE Sensex ended with a gain of 36.91 points to settle at a lifetime closing high of 12,347.63.

The NSE Nifty rose 14.15 points at 3,648.40.

Reliance Industries (RIL) which was the only stock to push the index up, surged ahead but the stock came off its higher level for the day.

Oil scrips surged on reports that the government may hike oil prices in the third week of this month, once assembly elections are over next week. The news impacted auto scrips.

Reliance Industries jumped 4% at Rs 1,076.05. The stock hit a high of Rs 1,122, which is a lifetime peak for the scrip.

Gujarat Ambuja Cements (GACL) plunged nearly 6% at Rs 118.60.

Century Textiles moved down 6.31% at Rs 584.10 after the company announced the audited results for the quarter & year ended March 31, 2006.

Jet Airways moved ahead 0.7% at Rs 946.95 after the company has announced that the company and Lufthansa German Airlines have entered into a reciprocal frequent flyer agreement.

Tags: sensex|nifty|stock market news

Sensex at a new high of 12,311

2006-05-03T05:10:00.000-07:00

The Sensex opened with a positive gap of 12 points at 12,231. The first one-hour of the trading saw extreme volatility.

The index at first gained over 100 points, then tumbled down into the negative zone to touch a low of 12,134.

The index, thereafter, recovered and displayed range-bound movement with a positive bias before surging to a new all-time intra-day high of 12,337 - up 203 points from the day's low.

The Sensex finally closed with a gain of 92 points at a new all-time high of 12,311.

The Nifty has gained 25 points to close at a new high of 3,631.

Foreign Institutional Investors (FIIs), who had slowed down their activity last week, reportedly made a handsome purchase of Rs 2513.80 crores on April 28 which also aided the sentiment, a broker said.

The BSE Bankex rallied over 3% to 5,628. The Auto and IT indices were up nearly 1% each at 5,657 and 4,068, respectively. On the other hand, the Metal index dropped nearly 1% to 11,037.

Gainers: Infosys, Satyam, TCS, Wipro, HLL, ICICI Bank, SBI, HDFC Bank

Losers: Bajaj, Ranbaxy, RIL

Tags: sensex|nifty|stock market news

IPO: Patel Engineering Ltd

2006-05-03T03:04:00.000-07:00

Company Name : Patel Engineering Ltd
Type of Issue : Book Built

Issue Opens : 03 May, 2006
Issue Closes : 09 May, 2006

Issue Size : 9,670,460(No. of Shares)

Lower Price Band (Rs): 400
Upper Price Band (Rs): 440
Total Size (Rs) : 426 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: ICICI Securities Ltd & ENAM Financial Consultants Pvt Ltd
Company Details:
URL : http://www.pateleng.com
Address : Patel Estate Road, Jogeshwari (West), Mumbai - 400 102
Email : patelfpo@pateleng.com
Contact Details : 912226782916 /912226782455 (fax)

ISSUE Description
Patel Engineering Limited is one of India’s leading civil engineering and construction companies engaged primarily in the civil construction of
· Hydro Power Projects, including dams, tunnels, power houses, barrages etc.
· Irrigation and water supply projects including dams, weirs and pump house and
· Transportation projects including roads, railways, bridges and tunnels.

Hydro Power: Patel Engineering’s core competency lies in construction of civil structures for hydro-power projects. Out of approx 32000 MW generated from hydro-power projects in India, Patel Engineering has participated in construction of hydro-power projects generating more than 7000 MW of power

Irrigation & Water Supply: Looking at the growing opportunity in developing agricultural infrastructure, through lift irrigation, the Company has tried to replicate its expertise in hydro- power projects in this sector. The activities undertaken are impounding the reservoir, construction of pump station, water conducting systems and canals.

Transportation : The focus includes roads, bridges, railway or road tunnel contracts both in India and overseas. The Company has also undertaken marine engineering projects including construction of ports, jetties and dredging activities as well as projects involving the construction of thermal power plants, industrial structures etc.

The Company has two US incorporated subsidiaries viz. ASI RCC Inc. and Westcon Microtunneling Inc. This international presence gives the Company an added advantage of access to use of sophisticated technology like Roller Compacted Concrete (RCC) and microtunneling. The Company is focusing on use of this technology in Indian Markets since it is cost effective and gives competitive advantage.

Objects of the issue
The objects of this Issue are to raise equity for financing the growth plans of the Company. The proceeds of the issue, net of issue expenses, will be invested in capital equipment, investments in infrastructure projects, subsidiaries and joint ventures, repayments of debts/advances, meeting working capital requirements, other general corporate purposes etc.

Strenghths
· Business Standard ranked Patel Engineering 6th among civil engineering construction companies on basis of sales in Jan 2006
· Technically and financially qualified to bid for large and complex projects
· Successful execution of project in India and outside including USA, China etc.
· Access to specialized technology like microtunneling and RCC
· A well funded and high quality customer base thereby reducing threat of bad debts
· Consistent track record of profitability and dividend payout

Key Financials
For 2004-2005
Income : Rs.54.90 Crores
Net Profit : 3.79 Crores
RONW : 27.46
EPS :Rs. 7.80

As on December 31, 2005
Income : Rs. 52.71 crores
Net Profit : Rs.5.02 Crores
RONW : 27.06
Net Asset per share : Rs.38.17
EPS : Rs. 10.33

Recommendation
Looking at the core competency of the company and the opportunites lying ahead in its area of operations, a good issue for both short and long term investor.

ipo|sensex|patel engineering ltd ipo

Sensex gains 176 points

2006-05-02T04:34:00.000-07:00

The bull run at the stock markets continued with the Bombay Stock Exchange benchmark index reaching a new peak in early trade on Tuesday, rising by 232.88 points in the first 30 minutes on increased buying by foreign as well as domestic funds.

The sensex which had closed nearly 191 points higher in a special trading session on Saturday (RPT) in a special trading session on Saturday opened significantly higher at 12,103.78 points and surged to hit a new high of 12,217.77 points, a hefty rise of 175.21 points.

Some profit taking towards the close saw the index pare some gains and finally settle with a gain of 1.5% (176 points) at 12,219.

The Nifty gained 47 points to close at 3,605.

The indices received a major push from blue-chip stocks particularly from cement, pharma and banking segments. Besides, heavyweights from sectors like Cement, Pharmaceuticals, Auto and Engineering pulled the indices up.

Gainers: HLL, ITC, ICICI Bank, HDFC Bank, RIL, Dr Reddy's, Ranbaxy

Tags: sensex|nifty|stock market news

IPO: D S Kulkarni Developers Ltd

2006-04-28T02:08:00.000-07:00

Company Name : D S Kulkarni Developers Ltd
Type of Issue : Book Built

Issue Opens : 25 April, 2006
Issue Closes : 03 May, 2006

Issue Size : 5,500,000(No. of Shares)

Lower Price Band (Rs): 250
Upper Price Band (Rs): 275
Total Size (Rs) : 151 Crores

Registrar to the Issue : Sherepro Services India Pvt Ltd
Managers to the Issue: Allianz Capital Services Ltd
Company Details:
URL : http://www.dskdl.com
Address : Dsk House, 1187/60, J M Road, Shivajinagar, Pune - 411 005
Email : compositeissue@dskdl.com
Contact Details : 912056047100 /912025535772 (fax)

ISSUE Description
D S Kulkarni Developers Ltd., promoted by Mr. D. S. Kulkarni and associates has been in the business of real estate development for over 25 years. It has attained a reputation for quality construction of housing projects in and around Pune and Mumbai. The Company has completed over 21 projects in Pune and 2 projects in Mumbai

It has introduced some innovative marketing features in like declaring the date of possession at the time of Bhoomi Poojan and has been successful in maintaining the commitment so far. Also the Company gives free maintenance for 3 years from the completion of the project.

The Company was rated as 2nd fastest growing construction company in India in 2004 by National institute of Construction Management and Research (NICMAR)

Objects of the issue
The objects of the Issue are to raise capital to finance the company’s ongoing and new residential and commercial real estate development projects and for general corporate purposes of the Company. As on date of filing Offer Document, the Company has crystallized plans to develop nine projects; 7 in Pune, 1 in Mumbai and 1 in Bangalore.
The balance proceeds of the Issue may be used for future projects as well as to finance working capital requirement.

Key Financials
· During April 1993 the Company made a Public Issue and offered 36,00,000/- shares of Rs. 10 each for cash at par aggregating to Rs.3.60 Crores.
· As of date, the 52 week low/high of the listed equity share was Rs. 51.10 Rs.434.45 on BSE
Income for the 9 month period ended 31st December 2005 :Rs.66.47 Crores
Profit after tax : Rs. 11.90 Crores
Other key figures
· Basic EPS 2004-05 Rs. 3.34
· RONW : 2004:05 ;16.82%
· Net Asset Value Per Share 2004:05 : Rs.19.89

Recommendation
Looking at the futue of the real estate development sector a good long term buy.

ipo|sensex|D S Kulkarni Developers Ltd ipo

IPO: Lokesh Machines Ltd

2006-04-05T16:39:00.001-07:00

Company Name : Lokesh Machines Ltd
Type of Issue : Book Built

Issue Opens : 07 April, 2006
Issue Closes : 13 April, 2006

Issue Size : 3,000,000(No. of Shares)

Lower Price Band (Rs): 130
Upper Price Band (Rs): 140
Total Size (Rs) : 42 Crores

Registrar to the Issue : Karvy Computershare Pvt Ltd
Managers to the Issue: Karvy Stock Broking Ltd
Company Details:
URL : http://www.lokeshmachines.com
Address : B-29, EEIE Stage-II, Balanagar, Hyderabad - 500 037
Email : info@lokeshmachines.com
Contact Details : 914023079310 /914023079313 /914023078274 (fax)

ISSUE Description
Lokesh Machines Limited was started by Mr.M Lokeswara Rao, an executive from HMT. It started out as a machining company handling job works for HMT Ltd. and over the last 21 years the Company has made steady progress by constantly upgrading its capabilities and enhancing the range and depth of activities. It graduated to manufacturing Special Purpose Machines, which was the mainstay of its operations for the first few years.
In 1995-96, the company was able to conclude an agreement with Mahindra and Mahindra for machining of their Cylinder Blocks. The Company was also able to bag orders for Special Purpose Machines from other auto majors like Escorts, Ashok Leyland, Bajaj Auto etc.
In keeping with the trends in auto industry, the company has started according greater focus to the CNC machines and general purpose machines and auto components.
In recent past the company has been able to make forays in the export market and has been able to bag and execute export orders in Italy, Germany and Japan.

Objects of the issue
To raise funds required for
· Setting up facility for machining and supply of cylinder blocks and Cylinder Heads for commercial vehicles
· Modernisation Project for upgrading existing facilities for manufacture of machines and machine tools
· To meet working capital needs etc
The facility production of cylinder blocks and cylinder heads will be used exclusively for supply to Ashok Leyland Limited and renewable thereafter every year.

Key Financials
(Year ended March 31, 2005)
Total Income Rs. 6921.79 lakhs
Net Profit after tax : Rs. 567.48 lacs
RONW 27.90%
NAV per share Rs. 27.49 as on 31st October 2005
EPS as on 31st March 2005 : Rs. 6.47
PE Multiple at Price of Rs. 140 : 21.6

ipo|sensex|lokesh machines ltd ipo

IPO: Kamdhenu Ispat Ltd

2006-04-05T16:39:00.000-07:00

Company Name : Kamdhenu Ispat Ltd
Type of Issue : Public

Issue Opens : 03 April, 2006
Issue Closes : 08 April, 2006

Issue Size : 12,800,000 (No. of Shares)

Lower Price Band (Rs): 25
Upper Price Band (Rs):
Total Size (Rs) : 32 Crores

Registrar to the Issue : Karvy Computershare Pvt Ltd
Managers to the Issue: Chartered Capital And Investment Ltd
Company Details:
URL : http://www.kamdhenuispat.com
Address : 5/2, Punjabi Bagh Extn, New Delhi - 110026
Contact Details : 911125223404 /911125223405 /911125226893 (fax)

ipo|sensex|kamdhenu ispat ltd ipo

Sensex closes at a new high of 11,747

2006-04-05T16:26:00.000-07:00

The Sensex zoomed by 108.89 points to close at 11746.90 against previous day's close of 11638.01. The Nifty gained 28.5 points to close at 3511.65 (3483.15).

Capital goods, healthcare , metal, bankex and automobiles stocks were the main drivers.

Healthcare index up 3.14 per cent to 4098.65 and capital goods index 2.6 per cent to 8725.63. Fast moving consumer goods, auto and bankex up more than one per cent each.

Cipla was the biggest gainer, (up 7% to 743) on 11.34 lakh shares.

Ranbaxy advanced 3.88% to Rs 472.20 on 21.76 lakh shares. It announced twin overseas acquisition in the last few days.

Patni computers surged 3.07% at Rs 456.00 after the company announced its tie-up with Mercer for opening a global operations centre in India.

TVS Motors surged 11.38% at Rs 175.20 after a prominent retail brokerage put a buy on the stock.

L&T spurted 3.90% to Rs 2,645. It bagged a road project worth Rs 550 crore which is likely to be completed by the company in 30 months. There is market talk that the company will announce a bonus issue shortly.

Technology stocks were under selling pressure, ahead of March quarterly results. Satyam Computers lost 1.90% to Rs 857.70, while TCS slipped 0.71% to Rs 1,934. Infosys declined 1.30% to Rs 3,112.30.

L&T was the top-traded counter on BSE with a turnover of Rs 195.73 crore. ICICI Bank followed with a turnover of Rs 121.32 crore. Ranbaxy clocked a turnover of Rs 102.64 crore.

ACC moved up 3.98% at Rs 827.25. Among the other cement scrips, India Cement surged 6.63% at Rs 181.70, Gujarat Ambuja moved up 1.95% at Rs 107.00 and JK Cement jumped up 1.86% at Rs 177.80.

Nalco surged 3.56% at Rs 306.65, Hindustan Zinc moved up 3.95% at Rs 551.35.

Among the other metal scrips, Tata Steel moved down 0.13% at 541.40, Essar Steel moved down 1.28% at Rs 50.10 and Gujarat NRE slips 0.15% at Rs 98.85.

The NSE Nifty ended with a rise of 28 points to 3,510.90.

Tags: sensex|nifty|stock market news

IPO: Sun TV Ltd

2006-03-31T16:51:00.000-08:00

Company Name : Sun TV Ltd
Type of Issue : Book Built

Issue Opens : 03 April, 2006
Issue Closes : 07 April, 2006

Issue Size : 6,889,000(No. of Shares)

Lower Price Band (Rs): 730
Upper Price Band (Rs): 875
Total Size (Rs) : 603 Crores

Registrar to the Issue : Karvy Computershare Pvt Ltd
Managers to the Issue: Kotak Mahindra Capital Company Ltd & DSP Merrill Lynch Ltd
Company Details:
URL : http://www.sunnetwork.in
Address : 367/369, Anna Salai, Teynampet, Chennai - 600 018
Email : investors@sunnetwork.in
Contact Details : 914424318181 /914424342729 (fax)

ipo|sensex|ssun tv ltd ipo

Sensex surpasses Dow Jones Index

2006-03-29T17:09:00.000-08:00

The country's capital market never seems to run out of excuses for celebration these days and today it had two -- the benchmark index climbed to a new closing peak of 11,183.48 points and in the process surpassed the Dow Jones.

Strong hopes of excellent fourth quarter corporate performance prompted renewed buying interest among investors. Operators were seen enlarging their positions in the cash, while covering short in the futures ahead of the expiry of March contract on Thursday.

Foreign Institutional Investors (FIIs) and local mutual funds remained the main driver of the market with consistent and heavy net investments during the month.

Extending the winning streak to the fourth day in a row, the BSE's 30-share Index (Sensex) opened firm at 11,103.87 and gradually moved upwards to the new intra-trade record high of 11,197.64 before ending the day at a new closing peak of 11,183.48 against yesterday's close of 11,086.03, a net rise of 97.45 points or 0.88 per cent.

Today's stocks rally has, for the first time, lifted the Sensex past the Dow Jones Industrial Average, which ended at 11,154.54 on Tuesday.

The sharpness of market's bullish fervour could be gauged by fresh commitments made by operators and retail investors, which had been cautious during last week, stock brokers said.

Renewed buying interest from market players was largely credited to strong expectations of excellent Q4 corporate earnings to be announced early next month.

FIIs and mutual funds, which have accumulated large chunk of money raised through various unit schemes and are seen as potential buyers at this level, however, hold the key.

Tags: sensex|nifty|stock market news|dow jones index

Sensex up by 97

2006-03-29T17:07:00.000-08:00

Heavy buying towards the close coupled with short covering saw the Sensex zoom to a new all-time intra-day high of 11,198. The index finally closed with a huge gain of 97 points at 11,183.

While the BSE Smallcap Index rallied over 2% to 6415, the Midcap Index was up over 1% at 5197.

The Teck Index soared over 2% to 2694, and the Healthcare Index surged 1.6% to 3763. The Consumer Durables and Metal indices were up nearly 1% each at 3194 and 8563, respectively.

Gujarat Ambuja surged 3.8% to Rs 103. Hindalco moved up 3.5% to Rs 179, and Ranbaxy added 3.4% to Rs 411.

Satyam surged 3.6% to Rs 851. While Infosys rallied 2.7% to Rs 3,038, Wipro moved up 2.6% to Rs 543.

BHEL gained nearly 2% at Rs 2,150.

ICICI Bank and HDFC Bank advanced 1% each to Rs 598 and Rs 750, respectively.

Tata Power declined over 1% to Rs 578.

The market breadth was extremely positive. Out of 2,558 stocks traded, 1,649 advanced, 848 declined and 61 were unchanged today.

Tags: sensex|nifty|stock market news

Sensex closes at new record high of 11,079

2006-03-27T16:23:00.000-08:00

The market continued its upward journey, with the sensex scaling 11100 levels.

After opening with a positive gap of 46 points, the Sensex zoomed to a new all-time intra-day high of 11,101, and finally settled with a huge gain of 129 points at 11,079.

HLL and Tata Steel surged over 5% each to Rs 269 and Rs 518, respectively. ITC soared 4% to Rs 193.

Hindalco spurted over 3% to Rs 175. ACC and ONGC rallied nearly 3% each to Rs 785 and Rs 1,257, respectively.

Bharti Tele advanced 2.6% to Rs 393. Cipla and Gujarat Ambuja added 2% each to Rs 639 and Rs 98.35, respectively.

Wipro slipped 2.2% to Rs 520.

The breadth in the market at the BSE was positive, with 1,365 advancers, against 1,156 decliners as action was seen in mid and small-cap companies.

Tags: sensex|nifty|stock market news

Introduction to FOREX

2006-03-27T01:13:00.000-08:00

The Foreign Exchange Market – better known as FOREX - is a world wide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars). In comparison, the United States Treasury Bond market averages $300 billion a day and American stock markets exchange about $100 billion a day.

The Foreign Exchange Market was established in 1971 with the abolishment of fixed currency exchanges. Currencies became valued at 'floating' rates determined by supply and demand. The FOREX grew steadily throughout the 1970's, but with the technological advances of the 80's FOREX grew from trading levels of $70 billion a day to the current level of $1.5 trillion.

The FOREX is made up of about 5000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency exchange. There is no centralized location of FOREX – major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt, and all trading is by telephone or over the Internet. Businesses use the market to buy and sell products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market.

Even though there are many huge players in FOREX, it is accessible to the small investor thanks to recent changes in the regulations. Previously, there was a minimum transaction size and traders were required to meet strict financial requirements. With the advent of Internet trading, regulations have been changed to allow large interbank units to be broken down into smaller lots. Each lot is worth about $100,000 and is accessible to the individual investor through 'leverage' – loans extended for trading. Typically, lots can be controlled with a leverage of 100:1 meaning that US$1,000 will allow you to control a $100,000 currency exchange.

There are many advantages to trading in FOREX.

· Liquidity - Because of the size of the Foreign Exchange Market, investments are extremely liquid. International banks are continuously providing bid and ask offers and the high number of transactions each day means there is always a buyer or a seller for any currency.

· Accessibility – The market is open 24 hours a day, 5 days a week. The market opens Monday morning Australian time and closes Friday afternoon New York time. Trades can be done on the Internet from your home or office.

· Open Market – Currency fluctuations are usually caused by changes in national economies. News about these changes is accessible to everyone at the same time – there can be no 'insider trading' in FOREX.

· No commission – Brokers earn money by setting a 'spread' – the difference between what a currency can be bought at and what it can be sold at.

How does it work?

Currencies are always traded in pairs – the US dollar against the Japanese yen, or the English pound against the euro. Every transaction involves selling one currency and buying another, so if an investor believes the euro will gain against the dollar, he will sell dollars and buy euros.

The potential for profit exists because there is always movement between currencies. Even small changes can result in substantial profits because of the large amount of money involved in each transaction. At the same time, it can be a relatively safe market for the individual investor. There are safeguards built in to protect both the broker and the investor and a number of software tools exist to minimize loss.

forex

IPO: Emkay Share And Stock Brokers Ltd

2006-03-26T22:39:00.000-08:00

Company Name : Emkay Share And Stock Brokers Ltd
Type of Issue : Book Built

Issue Opens : 31 March, 2006
Issue Closes : 07 April, 2006

Issue Size : 6,250,000(No. of Shares)

Lower Price Band (Rs): 100
Upper Price Band (Rs): 120
Total Size (Rs) : 75 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: Centrum Capital Ltd
Company Details:
URL : http://www.emkayshare.com
Address : 4-D, 4th Floor, Hamam House, Ambalal Doshi Marg, Fort, Mumbai - 400 001
Email : compliance@emkayshare.com
Contact Details : 912222678665 /912222654761 (fax)

ipo|sensex|emkay share and stock brokers ltd ipo

IPO: Godawari Power And Ispat Ltd

2006-03-25T17:25:00.000-08:00

Company Name : Godawari Power And Ispat Ltd
Type of Issue : Book Built

Issue Opens : 28 March, 2006
Issue Closes : 04 April, 2006

Issue Size : 8,695,000 (No. of Shares)

Lower Price Band (Rs): 70
Upper Price Band (Rs): 81
Total Size (Rs) : 70 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: IL & Fs Investmart Ltd & Microsec Capital Ltd
Company Details:
URL : http://www.gpilindia.com
Address : Plot No. 428/2, Phase 1, Industrial Area, Siltara - 493111, Dist - Raipur, Chhattisgarh, India
Email : ycrao@gpilindia.com
Contact Details : 917721264342 /917721406130 /917721264341 (fax)

ipo|sensex|godawari power and ispat ltd ipo

IPO: R Systems International Ltd

2006-03-25T17:19:00.000-08:00

Company Name : R Systems International Ltd
Type of Issue : Book Built

Issue Opens : 28 March, 2006
Issue Closes : 31 March, 2006

Issue Size : 4,408,355 (No. of Shares)

Lower Price Band (Rs): 210
Upper Price Band (Rs): 250
Total Size (Rs) : 110 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: IL & Fs Investmart Ltd
Company Details:
URL : http://www.rsystems.com
Address : B - 104A, Greater Kailash - I, New Delhi - 110 048
Email : iposystems@india.rsystems.com
Contact Details : 911204303500 /911202587123 (fax)

ISSUE Description
R Systems International Limited, is one of the leading providers of Outsourced and Offshore Product Development Services. Their domains include the following Key Industry Verticals:
· Banking & Finance
· High Technology and Internet Services
· Manufacturing and logistics companies
· Public Sector
They have software excellence centers in India, Singapore and USA. The focus on quality is reflected by the following certifications for their delivery processes :SEI CMMI Level 5 for their NOIDA software development center;ISO 9001:2000 for BPO services.

Objects of the issue
· Upgrading and expansion of existing infrastructure
· Repayment of outstanding loans
· Financing working capital requirement etc.

Key Financials
For year ended December 31, 2005
Total Income : Rs. 158.22 Crs
Net Profit : Rs. 12.71 Crs
RONW : 17.80
NAV per equity share : Rs. 67.60
EPS :Rs.11.64
P/E ratio at offer price of Rs.250 : 21.47

ipo|sensex|r systems international ltd ipo

IPO: Tantia Constructions Ltd

2006-03-25T17:18:00.000-08:00

Company Name : Tantia Constructions Ltd
Type of Issue : Book Built

Issue Opens : 27 March, 2006
Issue Closes : 31 March, 2006

Issue Size : 4,350,000 (No. of Shares)

Lower Price Band (Rs): 45
Upper Price Band (Rs): 50
Total Size (Rs) : 22 Crores

Registrar to the Issue : MCS Ltd
Managers to the Issue: Microsec Capital Ltd
Company Details:
URL : http://www.tantiagroup.com
Address : 25/27, Netaji Subhash Road, Kolkata - 700 001
Email : publicissue@tantiagroup.com
Contact Details : 913322206284 /913322307403 (fax)

ISSUE Description
Tantia Constructions Limited (TCL) is a leading infrastructure construction company incorporated in 1964. TCL is a profit making company since inception and dividend paying since the last ten years.
It has a well diversified project portfolio; the company has special expertise in constructing Bridges, Rail Roads, Roads, Flyovers, Tunnels, Marine infrastructure,Township and Real Estate development, Structural Steel Engineering and Fabrication and Urban Infrastructure

Recommendation
Extremely undervalued.With infrastructure being a key growth area Tantia Construction will offer excellent value to the short and long term investor.

ipo|sensex|tantia constructions ltd ipo

Sensex gains over 100 points

2006-03-24T16:41:00.000-08:00

Markets closed on a positive note with the BSE Sensex registering a lifetime closing high at 109.71 points up at 10,950.30, after fluctuating nearly 100 points in the intraday trade.

The NSE Nifty settled 32.65 points up at 3,279.80.

The market was dominated by the demand of metal, construction and power generation/power utility scrips.

Aluminium major Hindalco soared nearly 5.7% to Rs 170. FMCG gaint ITC surged over 4% to Rs 185, and Tata Power rallied 3.4% to Rs 589.

Cipla spurted 3.3% to Rs 627 after the company announced April 25 as the record date for the declared bonus issue of 3:2. Ranbaxy added 2.4% to Rs 403.

Larsen & Toubro moved up 2.2% to Rs 2,446. Tata Steel and Wipro advanced 1.7% each to Rs 493 and Rs 532, respectively.

ICICI Bank (Rs 600) and Reliance Energy (Rs 609) were up 1.5% each. Satyam spurted 1.3% to Rs 820, and TCS was up 1% at Rs 1,893.

BHEL slipped 1.6% to Rs 2,161. HDFC Bank and Dr.Reddy's were the only other notable losers among the Sensex stocks.

Tags: sensex|nifty|stock market news

Sensex ends flat

2006-03-23T15:17:00.000-08:00

Markets closed on a flat note after a volatile trading session on Thursday. While metal scrips settled with smart gains, selling pressure was seen on the technology and healthcare counters. The auto and banking scrips also closed on a subdued note, while selective buying interest was seen in the PSU, capital goods, consumer durables, FMCG and energy scrips.

The BSE Sensex closed 0.76 points down at 10,840.59, after fluctuating nearly 130 points between an intraday high of 10,924.29 and a low of 10,792.98.

The NSE Nifty settled 7.00 points up at 3,247.15.

There were 10 Sensex scrips that advanced ahead, as against 20 scrips closing in the negative territory on the 30-share benchmark index.

Hopes of further hike in steel prices amid firm steel prices led to a fresh rally among steel stocks. SAIL soared over 7% to Rs 73. Tata Steel surged 3.4% to Rs 485. Essar Steel, Jindal Steel and Maharashtra Seamless gained over 3% each.

Non-ferrous metals like aluminium and copper stocks, too, joined in the rally. Gujarat NRE Coke zoomed nearly 8% to Rs 99.35. Hindalco, National Aluminium and Sterlite also finished with smart gains today.

ACC surged 2.2% to Rs 761. Bajaj Auto rallied 2% to Rs 2,733, and Hindalco moved up 1.7% to Rs 161.

Dr.Reddy's tumbled 3.3% to Rs 1,441 on account of profit-taking after a 10% upmove yesterday.

Reliance Energy, HDFC Bank and Bharti Tele dropped over 2% each to Rs 600, Rs 741 and Rs 379, respectively.

Tags: sensex|nifty|stock market news

Sensex down by 64 points

2006-03-22T11:31:00.000-08:00

The markets closed in the negative territory for the second straight day after a volatile trading session on Wednesday. The benchmark Sensex plunged more than 100 points in the intraday trade, as wide-spread profit booking emerged on the bourses at higher levels. The 30-share benchmark index managed to recover some of the lost ground towards the end of the trading session, but still closed well in the red.

The BSE Sensex settled with a loss of 63.85 points at 10,841.35, after swaying nearly 140 points between an intraday high of 10,935.09 and a low of 10,784.42.

The NSE Nifty closed 22.15 points down at 3,240.15.

There were 11 Sensex scrips that advanced ahead, as against 19 Sensex scrips closing in the red. The overall market breadth was also negative with 68.41 per cent of the BSE scrips closing in the negative territory, as compared to only 29.60 per cent BSE scrips closing with gains.

Dr.Reddy's was the star performer today. Frenzied buying at the counter sent the soaring to a high of Rs 1,513. The stock finally ended with a huge gain of 9.6% at Rs 1,489. Cipla added 1% to Rs 609.

HLL surged 1.6% to Rs 255.

Tata Motors and Satyam spurted 1.2% each to Rs 918 and Rs 817, respectively.

Larsen & Toubro and Reliance Energy declined over 3% each to Rs 2,387 and Rs 614, respectively.

ACC, Wipro, Ranbaxy, Reliance, Gujarat Ambuja, NTPC, Bharti Tele, Infosys, TCS, ICICI Bank and Bajaj Auto were the other prominent losers among the Sensex stocks.

sensex|nifty|stock market news

IPO: Birla Power Solutions Ltd

2006-03-22T04:10:00.000-08:00

Company Name : Birla Power Solutions Ltd
Type of Issue : Public

Issue Opens : 24 March, 2006
Issue Closes : 29 March, 2006

Issue Size : 12,000,000 (No. of Shares)

Lower Price Band (Rs): 42
Upper Price Band (Rs):
Total Size (Rs) : 50 Crores

Registrar to the Issue : Bigshare Services Pvt Ltd
Managers to the Issue: Keynote Corporate Services Ltd
Company Details:
URL : http://www.birlagenset.com
Address : 159,Industry House, Churchgate Reclamation, Mumbai - 400 020
Email : publicissue@birlagenset.com
Contact Details : 02222026340 /02222045166 (fax)

ISSUE Description
History of the Company
Birla Power Solutions Limited, a part of the Yash Birla Group, was one of the first Companies to manufacture portable generators in India in 1986.The Company has ther expertise to manufacture 2 stroke as well as 4 stroke engines.The Company is at present manufacturing a wide range of Generators catering to the power requirements from 500 W to 5.5 KW.It has recently become the first company to launch emission compliant Generators under the brand name - Birla ECOGEN.At present the Company manufactures Gensets, multipurpose engines, inverters/batteries,water pumps etc. The Company is ISO 9001 and ISO 14001 certified

Objectives of the Issue
* To finance the cost of expansion of capacities of the existing products of the Company viz. Diesel Genset, Multipurpose Engines,Alternators and fuel tanks
*To finance setting up of new plant for manufacturing LPG/CNG Gensets,Inverter and Acoustic Hoods
*BPSL plans to expand market share by way of increasing capacities of existing products as well as introducing new products which would have good market in near future. Also it is going for backward integration by producing Acoustic hoods which is presently outsourced.

Key Strengths
BPSL is established profit making company with established management team
Products -engines,alternators and entire range of gensets are ISI certified
New Project being set up in excise duty free zone of Uttaranchal
All products manufactured by the Company are fully emission compliant

Key Financials
Book Value (pre issue ) as on 30/09/2005 : Rs. 54.06
Book Value (Post Issue): Rs. 47.62

RONW for 2004-05 : 6.29%
EPS for 2004-05 : Rs.3.40

P/E Ratio based on EPS of Rs.3.40 : 12.35

ipo|sensex|birla power solutions ltd ipo

Sensex crosses 11K, ends down 36 points

2006-03-21T16:44:00.000-08:00

Heavy selling in the last one-hour or so today saw the Sensex erase all its gains and plunge into red to a low of 10,864 - down 153 points. The index finally settled with a loss of 36 points at 10,905.

BHEL surged 4% to Rs 2,193. Cipla moved up 2.2% to Rs 602, and Bharti Tele gained 1.7% at Rs 391.

Tata Motors tumbled 3.5% to Rs 906. Bajaj Auto slipped nearly 2% to Rs 2,705. Maruti ended with a loss of 1% at Rs 871.

Wipro shed 2.3% to Rs 531. Satyam slipped 1.7% to Rs 808.

HDFC dropped 2% to Rs 1,311. HDFC Bank declined 1.5% to Rs 753, and ICICI Bank was down 1.3% at Rs 598.

Gujarat Ambuja shed 1.9% to Rs 97. ACC, Ranbaxy and Reliance Energy were down 1% each at Rs 756, Rs 397 and Rs 633, respectively.

Tags: sensex|nifty|share market news

The Sensex journey: 1,000 to 11,000

2006-03-21T03:03:00.000-08:00

Here's a timeline on the rise and rise of the Sensex through Indian stock market history.

The 1000-mark

On July 25 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.

The 2000-mark

On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.

The 3000-mark

On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.

The 4000-mark

On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.

The 5000-mark

On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.

The 6000-mark

On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.

The 7000-mark

On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.

The 8000-mark

On 8th September 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.

The 9000-mark

The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.

The 10,000-mark

The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.

The 11,000-mark

The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001* points during mid-session at the Bombay Stock Exchange.

* During mid-session trading.

Tags: sensex|nifty|share market news

IPO: Powersoft Global Solutions Ltd

2006-03-20T16:21:00.000-08:00

Company Name : Powersoft Global Solutions Ltd
Type of Issue : Public

Issue Opens : 23 March, 2006
Issue Closes : 29 March, 2006

Issue Size : 5,400,000 (No. of Shares)

Lower Price Band (Rs): 22
Upper Price Band (Rs):
Total Size (Rs) : 12 Crores

Registrar to the Issue : Bigshare Services Pvt Ltd
Managers to the Issue: Keynote Corporate Services Ltd & Centrum Capital Ltd
Company Details:
URL : http://www.powersoftglobal.net
Address : A-313, Block III, KSSIDC Complex, STPI, Electronic City, Hosur Road, Bangalore - 560100
Email : pgsl@powersoftglobal.net
Contact Details : 08028522179 /08028522702 /08028521147 (fax)

ISSUE Description
History of the Company
Powersoft Global Solutions Ltd (PGSL) was originally incorporated in 1992 as Bhandari Food Flavours Limited and had come out with a public issue in 1996.However the company did not receive amount due on calls on shares issued and hece project could not be fully funded or implemented.Name of company was changed to PGSL in 2000.
Powersoft Global Solutions Ltd (PGSL) today is a focussed IT services Company providing innovative domain specific solutions to clients in manufacturing, logistics,retail,consumer electronics,pharma, aerospace, defense etc. in North America, Europe and Asia Pacific

Objectives of the Issue
* upgradation of existing infrastructure facilities
* To set up R & D Center
* To meet expenses of overseas marketing
* To meet costs of strategic Aquisitions

Key Financials
Weighted Average EPS over last 3 years : Rs. 1.52
Price per share : Rs.22
P/E based on pre issue EPS of FY 2004-05 of Rs. 1.52 : 11.89

RONW
2003-04 : 4.49
2004-05 : 6.05

Book Value
Pre Issue as on 31/12/2005 : Rs. 30.96
Book Value Post Issue : Rs.26.45

ipo|sensex|powersoft global solutions ltd ipo

Sensex sets a new closing record

2006-03-20T16:15:00.000-08:00

The bull-run continues unabated on Dalal Street. The Sensex, after opening with a positive gap of 43 points at 10,903, slipped a wee bit to touch a low of 10,889 in the morning deals.

Fresh buying, mainly in technology and metal stocks, saw the index rally to a high of 10,947. The Sensex finally set a new closing record of 10,941 - up 81 points.

The NSE Nifty closed 32 points up at 3266.

The BSE Metal and Teck indices zoomed 2.3% each to 7783 and 2637, respectively. Most of the other sectoral indices ended on a rather flat note.

The market breadth was fairly negative. Out of 2,585 stocks traded, 1,425 declined, 1,102 advanced and the rest were unchanged today.

Technology stocks witnessed agressive buying towards the closing bell. Wipro surged 4.5% to Rs 544. Infosys rallied 3% to Rs 2,965, and TCS added 2.6% to Rs 1,909. Satyam spurted over 1% to Rs 821.

Grasim gained nearly 2.5% backed by the group's plan to invest $350 million for plantations and a pulp plant in Laos. Hindalco moved up 1.7% to Rs 162. Tata Steel was up over 1% at Rs 467.

HCL Technologies surged 3.2% to Rs 622. Other tech stocks like i-flex, MphasiS BFL and Patni Computers also finished with smart gains. Among metal stocks, Sesa Goa soared 7% to Rs 1,242. SAIL, Hindustan Zinc, Sterlite, Essar Steel, Gujarat NRE, Jindal Steel and National Aluminium also ended with significant gains today.

Pratibha has appreicated almost 68% from its listing price last Thursday. The stock, which debuted on the bourses at Rs 145 as against the issue price of Rs 120, closed at the 20% upper limit today at Rs 245.

IVRCL surged 6% to Rs 1,290 after the company announced the setting up of a steel fabrication and galvanising unit at Nagpur.

B L Kashyap topped the value chart with a turnover of Rs 187.27 crore followed by Pratibha (Rs 170.88 crore), Zee (Rs 138.52 crore), HLL (Rs 110.57 crore) and Indotech (Rs 79.75 crore).

Reliance Natural Resources led the volume chart with trades of around 1.05 crore shares followed by Pratibha (73.90 lakh), Zee (55.71 lakh), SAIL (45.48 lakh) and HLL (43.85 lakh).

Tags: sensex|nifty|share market news

IPO: Kewal Kiran Clothing Ltd

2006-03-20T03:20:00.000-08:00

Company Name : Kewal Kiran Clothing Ltd
Type of Issue : Book Built

Issue Opens : 20 March, 2006
Issue Closes : 23 March, 2006

Issue Size : 3,100,000 (No. of Shares)

Lower Price Band (Rs): 250
Upper Price Band (Rs): 275
Total Size (Rs) : 85 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: Enam Financial Consultants Pvt Ltd
Company Details:
URL : http://www.kewalkiran.com
Address : B-101 To 107, Synthofine Estate, Behind Virwani Industrial Estate, Goregaon (E) Mumbai - 400 063
Email : ipo@kewalkiran.com
Contact Details : 02228744433 /02228748998 (fax)

ipo|sensex|kewal kiran clothing ipo

consumer credit counseling

2006-03-17T14:29:00.000-08:00

Consumers are often in need of credit counseling and will reach out to experienced professionals to help them improve their credit rating and repair bad credit. Often times the credit card interest rates and loan interest along with late fee penalties can get out of control, thereby creating a deadly trap where making even the minimum payments won't be enough to get your head above the water. An experienced consumer credit counselor can help you save money and often times reduce your debt significantly.

While credit cards are considered by many as a modern day necessity, enabling convenience in making purchases, there is a downside that can strike even the most sincere of credit card holders. High interest rates can choke your credit line and create a situation of ever increasing minimum monthly payments. I know, I have been there and have been choked! A few late payments can bump up the credit card interest rate, not to mention add late fees that seem unfair. While they may be unfair, the late fees are pure profit for the credit companies and they certainly benefit from them at your expense.

To get back into financial health you can work with a consumer credit counseling service to help you negotiate a settlement where you can make smaller monthly payments to a negotiated lower debt amount. While you can contact the credit companies yourself, an experienced credit counselor will know the ins and outs of negotiating and can streamline the process to it's simplest conclusion.

The downside to negotiating debt settlements is that your line of credit will be closed and you'll possibly have a blemish on your credit report. That is why an experienced consumer credit counseling service may be a smarter alternative than repairing credit yourself because credit counselors know inside methods to reduce to negative impact on your credit rating. Often credit counselors will even suggest methods to improve your credit rating.

When I got into trouble with my credit and had more debt than incoming income I had to resort to getting more loans to bail me out. I was fortunate to have lots of equity in my house, but the band aid equity loans and lines of credit didn't solve the problem, but rather added to my debt. An experienced consumer credit counseling service can help you weigh the benefits of all the various methods of repairing bad credit and settling debts. They'll offer several programs that can work towards solving your debt problems and improve your credit rating at the same time.

Credit risk management and consumer debt solutions are where the consumer credit counseling service can expertly guide you towards achieving financial goals. Consumer credit counseling services can help negotiate reduced payment amounts with lower interest and monthly payments by standing behind you and reinforcing your commitment to paying off your debts.

If you are having trouble making your monthly minimum payments towards your credit, it is highly suggested you consider speaking to a consumer credit counseling service and see what debt solutions they can offer. They'll give you options for debt solutions and you will at the very least walk away with ideas how you can solve your financial problems and improve your credit rating

Tags: consumer credit counseling

Sensex slips from new peak, down 2 points at 10,802

2006-03-14T15:59:00.000-08:00

After scaling new peaks in intraday trade, the markets closed on a flat note after a volatile trading session on Tuesday. The BSE Sensex ended 1.99 points down at 10,801.72, after hitting a new life-time high of 10.896.39 in intraday trade.

A fresh spate of buying in frontline stocks saw the index recover all its losses, and rally to a new, all-time intra-day high of 10,896 - up 135 points from the day's low.

However, profit-taking towards the end saw the index slip back into negative zone. The Sensex finally ended on a flat note at 10,802 - down two points.

The NSE Nifty closed 7 points down at 3195.

Reliance Communication Ventures Ltd (RCoVL) slipped 0.41 per cent to Rs 316.80, after a volatile trading session. The stock had moved higher in intraday trade on the back of the company's FCCB issue plans.

Technology stocks witnessed profit-taking today. Satyam slumped 3% to Rs 805. Wipro dropped 2.3% to Rs 520, and TCS slipped 1.2% to Rs 1,802. Hindalco shed 2.8% to Rs 156. Tata Power and Ranbaxy tumbled 2% each to Rs 563 and Rs 413, respectively.

SBI topped the value chart with a turnover of Rs 496.06 crore followed by Reliance Communication Ventures (Rs 192.42 crore), HDFC (Rs 165.86 crore), Reliance (Rs 136.75 crore) and Tata Motors (Rs 96.91 crore).

Tags: sensex|nifty|share market news

Sensex up 39 points to 10,804

2006-03-13T15:45:00.000-08:00

The Sensex opened with a positive gap of 31 points at 10,796. Fresh buying in the opening deals saw the index zoom to a new all-time intra-day high of 10,884 - up 119 points from its previous close.

Intra-day profit booking saw the index pare gains, and finally close the first day of the holiday-shortened week with a gain of 39 points at 10,804.

The Nifty has gained 19 points to 3,203.

Technology stocks were in demand today. The BSE Teck Index surged 1.4% to 2584. The BSE Oil & Gas Index was the other notable gainer at 4547 - up 0.8%.

The market breadth was negative. Out of 2,638 stocks traded, 1,439 declined, 1,143 advanced and the rest were unchanged today.

TCS rallied 3.4% to Rs 1,825. Wipro surged 2.6% to Rs 533, and Satyam added 1.7% to Rs 830. Infosys was up Rs 19 at Rs 2,933.

NTPC gained 1.7% at Rs 139. Tata Steel, Bharti Tele, SBI and Larsen & Toubro were up 1% each at Rs 460, Rs 388, Rs 929 and Rs 2,536, respectively.

ICICI Bank declined 1.6% to Rs 603.

Grasim (Rs 1,864), ITC (Rs 175) and Hero Honda (Rs 895) also dropped over 1% each.

While 268 stocks hit their upper limits, 198 touched their lower limits today.

Pantaloon Retail zoomed over 14% to Rs 1,966. Rayban, Shriram Transport, Reliance Natural Resources, Ruchi Soya, Bajaj Hindustan, GTL, GHCL, Sona Koya, MphasiS BFL, Escorts, Tamilnadu Newsprint, Adlabs, Infotech Enterprise, Nagarjuna Constructions, Dhampur Sugar, Celebrity Fashions, Bongaigaon Refinery, Reliance Communication Ventures (RCoVL) and HCL Infosys ended with sharp gains today.

JK Cement slumped nearly 12% to Rs 149. GIC Housing Finance, Sakuma Exports, Jayant Agro, iGate Global, Crew Boss, Archies, Everest Industries, Goodricke, Sathavana, Mysore Cement, Kalpatru Power, Hindustan Zinc, Indo Gulf Fertilisers, Punjab Tractors, Ingersoll Rand and Ramco System plunged 4-10% each.

RCoVL topped the value chart with a turnover of Rs 230.14 crore followed by SBI (Rs 129.17 crore), Suzlon (Rs 88.85 crore), Infosys (Rs 84.53 crore) and Gujarat Petronet (Rs 82.33 crore).

Gujarat Petronet led the volume chart with trades of around 2.22 crore shares followed by Mazda (77.22 lakh), RCoVL (72.26 lakh), GTL (52.56 lakh) and Reliance Energy Ventures (37.20 lakh).

Tags: sensex|nifty|share market news

IPO: Adhunik Metaliks Ltd

2006-03-10T16:01:00.000-08:00

Company Name : Adhunik Metaliks Ltd
Type of Issue : Book Built

Issue Opens : 13 March, 2006
Issue Closes : 17 March, 2006

Issue Size : 23,809,524 (No. of Shares)

Lower Price Band (Rs): 37
Upper Price Band (Rs): 42
Total Size (Rs) : 100 Crores

Registrar to the Issue : Karvy Computershare Pvt Ltd
Managers to the Issue: SBI Capital Markets Ltd
Company Details:
URL : http://www.adhunikgroup.com
Address : 14,N S Road, 2nd Floor, Kolkata - 700 001
Email : info@adhunikgroup.com
Contact Details : 913322434355 /913322428551 /913322890285 (fax)

ipo|sensex|adhunik metaliks ltd ipo

Sensex sets a new record of 10,765

2006-03-10T15:57:00.000-08:00

Following Thursday's smart recovery, the Sensex opened with a positive gap of eight points at 10,582.

The index soon zoomed over 100 points within the next few minutes.

All round buying thereafter saw the index scale past its previous top of 10,753. Index scrips witnessed some profit taking after that, but the Sensex recovered soon and zoomed to a new, all-time intra-day high of 10,782.

The index finally finished with a huge gain of 1.8% (192 points) at 10,765 thus ending a roller-coaster week with a gain of 170 points.

The Nifty gained 55 points to close at 3,184.

The BSE Auto, Capital Goods, FMCG and Teck indices soared over 2% each to 5309, 8126, 2037 and 2549, respectively. While the Midcap Index moved up 1.2% to 5048, the Smallcap Index added 1% to 6372.

The market breadth was fairly positive. Out of total of 2,621 stocks traded, 1,446 advanced, 1,100 declined and 75 were unchanged today.

Satyam surged 3.7% to Rs 815. Infosys rallied 2.6% to Rs 2,915, and TCS advanced 2.4% to Rs 1,764. Wipro was up 1.4% at Rs 519.

While HLL gained 3% at Rs 252, ITC added 2.3% to Rs 177.

Bajaj Auto zoomed over 3% to Rs 2,754. Hero Honda rallied 2.7% to Rs 904. Tata Motors moved up 2.4% to Rs 896, and Maruti gained 1.4% at Rs 878.

Cipla and Dr.Reddy's spurted 1.4% each to Rs 583 and Rs 1,351, respectively.

Cement stocks witnessed some profit-taking towards the closing bell today. While Grasim finished almost flat at Rs 1,889, ACC and Gujarat Ambuja pared gains but were still up over 1% each at Rs 760 and Rs 99, respectively.

While 311 stocks hit their upper limits, 129 touched their lower limits today.

Reliance Communication Ventures (RCoVL) topped the value chart with a turnover of Rs 182.05 crore followed by KEC International (Rs 168.48 crore), Debutant Gitanjali Gems (Rs 154.75 crore), SBI (Rs 137.98 crore) and Infosys (Rs 128.40 crore).

Reliance Natural Resources led the volume chart with trades of around 1.19 crore shares followed by Triveni Engineering (89.19 lakh), Gitanjali Gems (87.13 lakh), Mysore Cement (65.48 lakh) and RCoVL (60.67 lakh).

Tags: sensex|nifty|share market news

Sensex gains 65 points

2006-03-09T15:57:00.000-08:00

Despite the 217-point fall yesterday, the Sensex opened with a positive gap 25 points at 10,533 today. The index exhibited volatility in the opening deals as it fluctuated in and out of positive zone.

By early noon, bears got the upper hand - helped by the second consecutive huge negative numbers of foreign institutional investors (FIIs) in the derivatives segment. The index then slumped to a low of 10,377 - down 156 points from the open.

After dumping index futures worth Rs 1,500 crore on Tuesday, FIIs were net sellers in index futures to the tune of Rs 2,100 crore on Wednesday. FIIs also sold stock futures worth Rs 824 crore yesterday.

According to market sources, mutual funds pitched in at the right time and began buying frontline shares. As a result, the index perked up and thereafter displayed a range-bound movement for the major part of the trading.

Heavy buying, amid some short-covering, towards the close saw the index bounce into positive zone and rally to the day's high of 10,593 - up 216 points from the day's low. The Sensex finally ended with a smart gain of 65 points at 10,574.

The Bankex rallied 1% to 5205. The Capital Goods and Metal indices finished with decent gains at 7933 and 7601, respectively. The Auto Index, however, was down 0.8% at 5199.

The Nifty March futures, which were trading at a discount of 30 points yesterday and also for a major part of the trading today, finally settled with a 10-point discount to the spot Nifty at 3119. The Nifty ended at 3129 - up 12 points.
The market breadth changed from extremely bearish to slightly negative. Out of 2,557 stocks traded, 1,413 declined, 1,083 advanced and the rest were unchanged today.

Cement stocks witnessed agressive buying in the latter half of the day. Gujarat Ambuja soared over 6% to Rs 98. ACC rallied 5% to Rs 749, and Grasim surged over 4% to Rs 1,886.

Tata Steel spurted 2.3% to Rs 454. Dr.Reddy's moved up 2.2% to Rs 1,332. SBI and ICICI Bank advanced 2% each to Rs 906 and Rs 602, respectively.

Infosys added 1.6% to Rs 2,843. NTPC (Rs 136), Satyam (Rs 786), Reliance (Rs 727) and HLL (245) gained over 1% each.

Ranbaxy dropped 2.6% to Rs 420, and Cipla dropped 1.8% to Rs 575.

HDFC ended with a loss of 1% at Rs 1,280.

While 216 stocks hit their upper limits, 142 touched thier lower limits today.

Reliance Communication Ventures (RCoVL) topped the value chart with a turnover of Rs 242.92 crore followed by Maruti (Rs 173.11 crore), Siemens (Rs 164 crore), Tata Motors (Rs 147.42 crore) and Indian Hotels (Rs 124.77 crore).

Reliance Natural Resources led the volume chart with trades of around 3.78 crore shares followed by RCoVL (1.10 crore), Mysore Cement (53.93 lakh), Gujarat Ambuja (42.56 lakh) and Recron Sunthetics (42.34 lakh).

Tags: sensex|nifty|share market news

Sensex records highest intra-day fall in '06

2006-03-08T17:23:00.000-08:00

The Bombay Stock Exchange benchmark Sensex tanked over 243 points at mid-session today, its biggest fall in the last two months, triggered by heavy selling by foreign and domestic funds.

The Sensex opened a tad higher at 10,728, and inched up to touch a high of 10,741.

Panic selling in the noon session following the release of derivative trade details of foreign institutional investors (FIIs) for Tuesday saw the index take a sharp dip to a low of 10,498 - a drop of 243 points from the high.

A fresh round of selling saw the index plunge to the day's low of 10,494 resulting in an intra-day swing of almost 550 points. The swing witnessed today is the highest-ever witnessed after Manic Monday - May 17, 2004 - when trading was frozen for half-an-hour during the day

The Sensex finally ended today with a huge loss of 2% (217 points) at 10,509.

Cipla (up 2.6%) at Rs 585 and Hero Honda (up 1.6%) at Rs 901 were the only gainers among the Sensex stocks today.

Tata Motors tumbled 3.5% to Rs 880. Wipro slipped 2.8% to Rs 508, and Bharti Tele declined 2.7% to Rs 392.

ITC (Rs 173), NTPC (Rs 134), Ranbaxy (Rs 432), ONGC (Rs 1,134), Larsen & Toubro (Rs 2,439), ACC (Rs 714) and BHEL (Rs 2,093) finished with a loss of over 2% each.

Reliance Communication Ventures (RCoVL) topped the value chart with a turnover of Rs 278.11 crore followed by Tata Motors (Rs 179.61 crore), Siemens (Rs 164.33 crore), Reliance (Rs 159 crore) and SBI (Rs 136.72 crore).

Tags: sensex|nifty|share market news

sensex down 10 points

2006-03-07T16:11:00.000-08:00

After touching a high of 10,753.13 immediately within few minutes of resumption of trading, the Bombay Stock Exchange (BSE) sensitive index (sensex) moved erratically with a downward bias, tracking the global weakness.

The Sensex opened with a positive gap of 13 points at 10,748. Fresh buying in the opening deals saw the index spurt to a new all-time intra-day high of 10,753. However, profit-taking emerged soon, and the index slipped to a low of 10,662 - down 91 points from the high.

The index, thereafter, recovered smartly and bounced into positive zone. The Sensex finally ended with a marginal loss of 10 points at 10,726.

Late buying at the cement counters on hopes of a possible price hike saw ACC soar 6.6% to Rs 729. Gujarat Ambuja flared up 2.5% to Rs 93.25, and Grasim was up 1.6% at Rs 1,829.

HLL rallied 3.6% to Rs 252. Larsen & Toubro gained 3.3% at Rs 2,494.

Cipla and NTPC advanced over 1% each to Rs 571 and Rs 138, respectively.

Satyam and ICICI Bank slipped 2% each to Rs 786 and Rs 601, respectively. Tata Motors declined 1.9% to Rs 911.

RCoVL topped the value chart with a turnover of Rs 356.44 crore followed by Century Textiles (Rs 149.62 crore), SBI (Rs 124.56 crore), Reliance (Rs 117.94 crore) and Siemens (Rs 109.28 crore).

Reliance Natural Resources led the volume chart with trades of around 2.28 crore shares followed by RCoVL (1.15 crore), Hindustan Motors (80 lakh), Indiabulls (47 lakh) and Reliance Capital Ventures (45.36 lakh).

Tags: sensex|nifty|share market news

IPO: Shivalik Global Ltd

2006-03-07T14:25:00.000-08:00

Company Name : Shivalik Global Ltd
Type of Issue : Public

Issue Opens : 09 March, 2006
Issue Closes : 14 March, 2006

Issue Size : 10,000,000 (No. of Shares)

Lower Price Band (Rs): 60
Upper Price Band (Rs):
Total Size (Rs) : 60 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: Centrum Capital Ltd & Allianz Securities Ltd

Company Details:
URL : http://www.shivalikglobal.com
Address : Unit No 111, Block No1, 1st Floor, Tribhuvan Complex, Ishwar Nagar, New Delhi - 110065
Email : investors@shivalikglobal.com
Contact Details : 911126935829 /911126935830 /911155628586 (fax)

Shivalik Global Limited a Faridabad based Company is operating in the Textile sector both in the processing and the product segments. At present, the company has facilities for Knitting of Fabric, Processing and Dyeing of Knitted Fabric and manufacturing of Sewing thread.

Objectives of the Issue
The Company plans to expand existing capacity of manufacturing in the following facilities :
* Setting up new Ready Made Garment manufacturing unit having capacity of 36 lac pieces per annum
* Knitting of fabric by 1000 MT p.a.
* Dyeing and Processing of Knitted Fabrics by 1500 MT p.a.
* Dyeing and processing of Yarn by another 500 MT p.a.
* Dyeing ,Printing and Processing of Woven Fabrics by 90 lac meters p.a.
* Meeting additional working capital requirement

To carry out the same it requires Rs. 60 Crores, which will be financed entirely by proceeds of the issue.

ipo|sensex|shivalik global ltd ipo

IPO: Solar Explosives Ltd

2006-03-07T14:21:00.000-08:00

Company Name : Solar Explosives Ltd
Type of Issue : Book Built

Issue Opens : 09 March, 2006
Issue Closes : 13 March, 2006

Issue Size : 4,400,000 (No. of Shares)

Lower Price Band (Rs): 170
Upper Price Band (Rs): 190
Total Size (Rs) : 84 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: SBI Capital Markets Ltd

Company Details:
URL : http://www.solarexplosives.com
Address : 11, Zade Layout, Bharat Nagar, Nagpur - 440 033
Email : investor.relations@solarexplosives.com
Contact Details : 917122561000 /917122560202 (fax)

Solar Explosives Ltd is one of the largest manufacturers and suppliers of explosives and explosive accessories in India. Manufacturing facilities situated in and around Nagpur. Solar Explosives Ltd has one of the largest licensed capacity for Bulk Explosives and Cartridge Explosives. Client base comprises major public and private sector Companies like Coal India Limited, SAIL, Hindusthan Zinc etc.

Objects of the Issue
· To set up Support and Transport Plants for Bulk Explosives mainly in eastern India to cater to coal and iron ore mines in that region
· To set up unit overseas in Africa, for manufacture of Bulk Explosives, Cartridge Explosives and Magazine(Storage) facility.
· Fund requirement of Rs. 76.38 Crores to be met wholly through proceeds of IPO

Key Strengths
· Cost efficient manufacturing
· An ISO 9001:2000 accredited company; strong focus on quality
· Complete range of products
· Experienced management team
· Technical manpower

ipo|sensex|solar explosives ltd ipo

sensex at an all time high

2006-03-06T09:31:00.000-08:00

The benchmark indices Sensex and Nifty surged to new life-time highs at both intraday and closing levels, driven by broad-based buying interest on the bourses.

The 30-share Sensex settled with a gain of 139.93 points at a new all-time closing high of 10,733.36, after scaling a new life-time high of 10,742.31 in the intraday trade.

The 50-share Nifty closed 43.05 points higher at a new record closing high of 3,190.40, after hitting a new intraday all-time high of 3,194.00.

Bharti Tele, Maruti, Grasim Industries and HLL were the only four Sensex scrips that closed in the red on Monday.

Debutant Reliance Communication Ventures, ONGC, Reliance, power and metal stocks witnessed hectic action today.

Reliance Comminication Ventures (RCoVL) made a dazzling debut today. Beating street expectations of Rs 250, the stock opened at Rs 290 and touched a high of Rs 309. The stock slipped to a low of Rs 277 before ending Day 1 at Rs 291.

Tata Power soared 5.4% to Rs 576. NTPC gained 4% at Rs 136, and Reliance Energy added 3.3% to Rs 654.

Tata Motors and Ranbaxy rallied nearly 3% each to Rs 927 and Rs 447, respectively.

RCoVL topped the value chart with a turnover of Rs 627.60 crore followed by Reliance (Rs 164.53 crore), Tata Motors (Rs 107.26 crore), Tata Steel (Rs 92.16 crore) and Maruti (Rs 83.08 crore).

RCoVL also led the volume chart with trades of around 2.18 crore shares followed by Reliance Energy Ventures (54 lakh), NTPC (50.67 lakh), Reliance Natural Resources (47.29 lakh) and KEC Infrastructure (41.96 lakh).

The company RCoVL, which is the telecom arm of the Anil Dhirubhai Ambani Group (ADAG), was spun off last year from Reliance Industries Ltd (RIL) as part of a settlement between Mukesh and Anil Ambani. RCoVL is a holding company with stakes in CDMA operator Reliance Infocomm, GSM operator Reliance Telecom and other two telecom firms Flag Telecom and Reliance Infrastructure. Anil Ambani said on Sunday evening that he plans to hike the FDI in RCoVL up to 74 per cent to attract the global investors.

Meanwhile, the trading hours on the BSE and NSE have been extended by 45 minutes till 16:15 pm from Monday, March 06, 2006 till March 17, 2006 due to sun outage. However, the trading will remain closed for 40 minutes from 11:45 am to 12:25 pm during this period.

Tags: sensex|nifty|share market news

IPO: Rohit Ferro Tech Ltd

2006-03-03T03:38:00.000-08:00

Company Name : Rohit Ferro Tech Ltd
Type of Issue : Public

Issue Opens : 07 March, 2006
Issue Closes : 11 March, 2006

Issue Size : 16,947,667 (No. of Shares)

Lower Price Band (Rs): 30
Upper Price Band (Rs):
Total Size (Rs) : 51 Crores

Registrar to the Issue : Maheshwari Datamatics Pvt Ltd
Managers to the Issue: Microsec Capital Ltd & Karvy Investor Services Ltd

Company Details:
URL : http://www.rohitferrotech.com
Address : 35, Chittaranjan Avenue, 4th Floor, Kolkata - 700 012
Email : ipo@rohitferrotech.com
Contact Details : 033-22119805 /033-22119806 /033-22256143 (fax)

The Company is part of the eastern India based Impex Group having interests in Ferro Alloys, Sponge Iron and Steel.The promoteres have wide experience in Ferro Alloy Industry for more than two decades.Their existing manufacturing unit at Bankura is not only running profitably but also undergoing expansion of capacity.
The Company has a focus on quality and is ISO 9001:2000 certified. It is a Star One Export House and in 2004-05 exported over 40% of its production.

Objects of the Issue
The company is planning an expansion and setting up a Ferro Alloy project at Jajpur, Orissa.
The expansion comprises installation of four submerged Arc Furnace of 16.5 MVA each along with other allied facilities.
The estimated project cost is Rs.116.86 Crores of which Rs. & Crores is the Promoteres contribution, Rs. 59 Crores is to be raised as term loan from Banks and the balance Rs. 50.84 Crores is to be raised through the IPO.

Key Strengths
The Company has entered into a contract with Electric Suppliers at a rate which is lowest available to any bulk consumer in the eastern region
The location at Jajpur will facilitate easy availability of raw material and also save freight cost

ipo|sensex|rohit ferro tech ipo

Sensex up by 61 points to 10,627

2006-03-02T15:32:00.000-08:00

The benchmark sensex zoomed past the 10,700 point level on the Bombay Stock
Exchange this afternoon, soon after reports of India and the US having reached
an understanding on the implementation of the civilian nuclear cooperation agreed last year.

The sensex spurted by 140.75 points at 10,706.22 at 1230 hrs on agressive buying by foreign as well as domestic funds. Wide-based National Stock Exchange index Nifty also touched a record high at 3170.35 points, gaining 47.25 points.

The market was in a bullish mood and reports of a positive outcome of the Indo-US talks on the nuclear issue worked to push up stocks in almost all the segments to their new high levels.

After displaying volatility in a wide range of 10,706 to 10,594, the Sensex finally settled with a gain of 61 points at 10,627.

The Nifty gained 28 points to close at 3,151.

Bharti Tele was a major gainer today. The stock touched a high of Rs 401, before finishing with a gain of 5% at Rs 396.

ONGC, after declining nearly 5% in the last two trading sessions, bounced back today with a gain of 2.4% at Rs 1,148. Tata Power rallied 2.5% to Rs 535.

Maruti soared to a high of Rs 939, but profit-taking at higher levels saw the scrip pare gains and finally end 2.2% higher at Rs 904. Tata Motors zoomed 2% to Rs 863.

ITC surged nearly 2% to Rs 177.

Tata Steel and HDFC Bank spurted 1.7% each to Rs 450 and Rs 757, respectively.

SBI advanced 1.4% to Rs 894. Larsen & Toubro was up 1% at Rs 2,475.

Infosys was the major loser today. The stock slumped nearly 2% to Rs 2,853.

Tag: sensex|nifty

IPO: Malu Paper Mills Ltd

2006-03-02T15:03:00.000-08:00

Company Name : Malu Paper Mills Ltd
Type of Issue : Public

Issue Opens : 06 March, 2006
Issue Closes : 10 March, 2006

Issue Size : 6,667,000 (No. of Shares)

Lower Price Band (Rs): 30
Upper Price Band (Rs):
Total Size (Rs) : 20 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: Microsec Capital Ltd

Company Details:
URL : http://www.malupaper.com
Address : Heena Plaza, 4th Floor, Near Telephone Exchange, Central Avenue, Nagpur - 440 008
Email : ipo@malupaper.com
Contact Details : 917122760308 /917122760310 (fax)

Malu Paper Mills Limited, a Nagpur based company is involved in the manufacture of Kraft Paper and Newsprint. Its plant near Nagpur is at the heart of India and thus enjoys a location advantage with respect to servicing clients. The company wants to increase revenues and bottom line by adding additional capacity of Newsprint and reducing costs in existing operations.

Objects of the Issue

For manufacturing newsprint, the company uses recycled paper as raw material and uses the de-inking process.It has decided to go in for a new paper machine line of 150 TPD Capacity capable of manufacturing premium quality newsprint.It has already placed an order for a Deinking plant from Andritz of Finland. Also They are setting up a captive power plant to help reduce production cost.
The total cost of this expansion is Rs. 70 Crores and the project has already appraised by the lending bankers and have sanctioned a term loan of 50.00 Crores.

Competitive Strengths
· Current market share of 3%, poised to grow to 10% after completion of current expansion
· Diversified clientele of large publishing houses and newspapers
· Location of plant in central India gives logistical advantage

ipo|sensex|malu paper mills ipo

IPO: Gallantt Metal Ltd

2006-03-02T15:00:00.000-08:00

Company Name : Gallantt Metal Ltd
Type of Issue : Public

Issue Opens : 06 March, 2006
Issue Closes : 10 March, 2006

Issue Size : 37,120,000 (No. of Shares)

Lower Price Band (Rs): 10
Upper Price Band (Rs):
Total Size (Rs) : 37 Crores

Registrar to the Issue : Niche Technologies Pvt Ltd
Managers to the Issue: Anand Rathi Securities Pvt Ltd

Company Details:
URL : http://www.gallantt.com
Address : Centre Point, 21 Hemant Basu Sarani, 3rd Floor, Room No 306, Kolkata - 700 001
Email : gml@gallantt.com
Contact Details : 033-30288500 /033-30288506 /033-30288499 (fax)

ipo|sensex|gallant metal

Sensex up by 195 pts, crosses 10,500 points

2006-03-01T10:05:00.000-08:00

Frenzied buying in the last one-hour of trading saw the Sensex zoom to a high of 10,573.

The index finally ended with a huge gain of 1.9% (195 points) at 10,565.47

The Nifty has gained 39 points to 3114.

The benchmark Sensex continued its record-breaking northward rally and jumped past the 10,500-point mark for the first time in history, as buying interest further intensified across a host of index counters driven by favourable budget proposals announced by the FM on Tuesday.

The BSE Sensex settled with a gain of 195.23 points at a new record closing high of 10,565.47, after surging ahead more than 200 points in intraday trade to a new life-time high of 10,573.29.

The NSE Nifty settled 48.40 points higher at a new record closing high of 3,123.10, after surging past the 3,100-point level for the first time in history to a new life-time high of 3,127.25 in intraday trade.

ACC soared to a high of Rs 700, and finally finished with a gain of 10.3% at Rs 692. Grasim added 4.4% to Rs 1,819, and Gujarat Ambuja spurted nearly 3% to Rs 90.75.

Maruti zoomed 7.5% to Rs 885. Bajaj Auto rallied 4.4% to Rs 2,715, and Tata Motors gained nearly 4% at Rs 846. Hero Honda was up 1% at Rs 896.

BHEL surged 5% to Rs 2,128. Larsen & Toubro moved up 2.9% to Rs 2,466. HLL scaled 1.2% to Rs 245.

ONGC was down 1.3% at Rs 1,122 - was the only notable loser among the Sensex stocks
today.

Tags: sensex|nifty

Sensex ends at all-time high of 10,370

2006-02-28T15:24:00.000-08:00

The Bombay Stock Exchange Sensex today zoomed to a new peak of 10,422 points, extending its gains to the second straight session on hectic buying support prompted by an overall excellent budget, even as the market ignored a few negatives in it.

The market recovered losses inflicted by the proposals to increase the Securities Transaction Tax by 25 per cent and the Service Tax by two per cent, and even posted sharp gains after midsession as the industry welcomed the measures to bring in fiscal discipline and cut deficit.

After the initial rally to 10,356.44, the Bombay Stock Exchange (BSE) Benchmark 30-share Index (sensex) met with a resistance and fell back to the day's low of 10,206.06 as the Union Budget was being presented to Parliament.

The sensex later bounced back with a vengeance and touched a new record intra-day high of 10,422.65 before ending the day at an all-time closing high of 10,370.24 against yesterday's close of 10,282.09, a net rise of 88.15 points or 0.86 per cent.

Terming the budget as much better than expected, brokers credited the strong price rally to heavy FII inflows coupled with fresh buying support in Cement, Power Equipment, Steel as well as infrastructure sectors.

Foreign Institutional Investors (FIIs) were believed to be heavy buyers in select key stocks. FIIs reported net investments of over Rs 1001 crore on February 24, taking the total inflow during last week to more than Rs 2890 crore.

The Nifty gained 7 points to close at 3,075.

BHEL surged nearly 6% to Rs 2,026. Larsen & Toubro gained 1.5% at Rs 2,397.

ACC soared over 5% to Rs 628. Grasim rallied 4.4% to Rs 1,742.

While ITC flared up by 4% to Rs 173, HLL moved up 1.5% to Rs 242.

Maruti zoomed 4.3% to Rs 823. Tata Motors gained 3.6% to Rs 814 and Bajaj Auto added 1.5% to Rs 2,601.

ICICI Bank advanced 3.5% to Rs 615. HDFC Bank moved up 1% to Rs 736.

Tata Steel spurted over 2% to Rs 431. Reliance and Reliance Energy gained over 1% each to Rs 709 and Rs 619, respectively.

ONGC slumped 3.6% to Rs 1,136. NTPC shed 1.8% to Rs 131, and HDFC declined 1.7% to Rs 1,356.

sensex|nifty

Sensex gains 81 points to 10,282

2006-02-27T16:01:00.000-08:00

The Sensex displayed solid strength in today's trading. The index touched a high of 10,296 and finally ended with a gain of 81 points at 10,282.

The Nifty gained 17 points to close at 3,067.

Infosys rallied 3.4% to Rs 2,850. Satyam spurted 1.8% to Rs 782. While TCS moved up 1.4% to Rs 1,691, Wipro eked out gains of 0.8% at Rs 520.

Gujarat Ambuja surged 2.8% to Rs 88.50. Grasim added 1.3% to Rs 1,669, and ACC gained 0.7% at Rs 596.

HDFC Bank advanced 1.9% to Rs 725. SBI moved up 1.7% to Rs 891.

While ITC gained 1.6% to Rs 166, HLL slipped 1.6% to Rs 238.

Bharti Tele (Rs 360) and Bajaj Auto (Rs 2,564) were the only other notable losers among the Sensex stocks.

sensex|nifty

Is an Equity Line of Credit the Answer to Your Financial Needs?

2006-02-26T05:22:00.000-08:00

If you own your home you have a financial resource available to you that can help you with your financial needs or concerns. What is it? HOME EQUITY!

Equity is the value of your home minus the remaining mortgage balence which is outstanding. While you live, eat and sleep in your home worrying about debts or wishing you could refurnish the living room you may be sitting on the cash that will grant your wishes.

Why Would You Want an Equity Line of Credit?

Unlike a typical loan which deposits a set amount of money in your account and begins charging you interest and payments at a fixed rate until repaid, a line of credit acts as a revolving credit (like your credit card). You do not need to pay interest on the full amount you have access to -- you only pay for what you have used. Also, like a credit card, when the debt is repaid you still have access to the credit.

Using an equity line of credit (also known as a Home Equity Line of Credit or HELOC) gives you greater flexibility with the least cost. Not only can you access the credit only as you need it, but your monthly payments will reflect only the balanced used. The less used the lower your payment. Some lines of credit have only the interest as the minimum payment which can be helpful when finances are tight.

An equity line of credit is great when you don't have a large fixed amount to spend in one place that will take many years to repay and you want access to the credit without asking for a new loan when you have paid it back.

What Can I Use the Equity Line of Credit For?

While you can no doubt find numerous uses for your line of credit, here are samples of the more common reasons for obtaining an equity line of credit.

Consolidate Debts

Using your equity line of credit to consolidate other debts can not only eliminate the stress of multiple bills but can also give you a more favorable interest rate or tax benefit.

Second Mortgage

Use your line of credit to pay off the existing mortgage for better interest rates.

Add On, Update or Go Away

You may use your line of credit for renovating, buying new furniture or a car, or taking a vacation with less interest payments than using a credit card or store card making it a wise choice for large purchases.

When Should You NOT Use a Line of Credit?

Before succumbing to what seems like 'easy money' it is important to evaluate the additional risk.

Some debts -- like student loans- have features that you may not be entitled to if you switch them to an equity line of credit.

Other items like cars and vacations may seem like a good idea to buy with your home equity line of credit, but with the ability to pay only the interest you may find the motivation to pay off the debt is lacking and end up owing for items that have lost their value or were consumable. Plan to pay off the debt quickly for the most advantage.

Second mortgage (or refinancing) may or may not be a good idea depending on interest rates and your repayment terms. While lines of credit take advantage of current low interest rates you may find that your regular loans protect you better from fluctuating rates if you will not be paying the loan down in the next few years.

Using your finances wisely can give you great relief and freedom. Before taking on any financial obligations it is important to understand the risks as well as the benefits.

Sensex down 43 points

2006-02-24T16:10:00.000-08:00

The Sensex after moving in a range of 10,272 to 10,177, finally ended with a loss of 43 points at 10,201.

SBI rallied 2.8% to Rs 876. Larsen & Toubro spurted over 2% to Rs 2,344, and Gujarat Ambuja was up 1.6% at Rs 86.10.

ICICI Bank, Tata Power and NTPC moved up over 1% each to Rs 593, Rs 517 and Rs 133, respectively.

Dr.Reddy's tumbled 4% to Rs 1,308. Ranbaxy shed 1.5% to Rs 444, and Cipla dropped 1.2% to Rs 552.

While HLL slipped 2.5% to Rs 242, ITC declined 1.5% to Rs 163.

Hero Honda shed 2% to Rs 889. ONGC (Rs 1,177), Bajaj Auto (Rs 2,584), HDFC Bank (Rs 712), Bharti (Rs 363) and HDFC (Rs 1,363) were down 1-2% each.

Satyam, Infosys and Wipro declined over 1% each to Rs 768, Rs 2,756 and Rs 516, respectively.

sensex

IPO: Nitco Tiles Limited

2006-02-23T17:06:00.000-08:00

Company Name : Nitco Tiles Limited
Type of Issue : Book Built

Issue Opens : 22 February, 2006
Issue Closes : 27 February, 2006

Issue Size : 10,000,000 (No. of Shares)

Lower Price Band (Rs): 140
Upper Price Band (Rs): 168
Total Size (Rs) : 168 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: Il And FS Investmart Limited, Karvy Investor Services Litd & UTI Bank Ltd

Company Details:
URL : http://www.nitcotiles.com
Address : 8-A, 8th Floor,Maker Chambers 3,Nariman Point, Mumbai-400021,Maharashtra Inida
Email : ipo@nitcotiles.com
Contact Details : 912255521555 /912222024404 (fax)

ipo|sensex|nitco tiles

BSE sensex at a new high of 10,244.05 points

2006-02-23T17:01:00.000-08:00

After scaling a new life-time high just above the 10,300-point mark, the benchmark Sensex pared most of its gains towards the end of the trading session and ended the day with a modest gain of 19.73 points.

During the intra day trade sensex reached the record high of 10,304.88

The NSE Nifty closed 11.30 points higher at 3,062.10, after hitting an intraday high of 3078.40.

Bajaj Auto touched an intra-day high of Rs 2,693, but finally ended with a 3.1% at Rs 2,622. HLL surged to a high of Rs 252, before settling with a gain of 2.9% at Rs 248.

Ranbaxy dropped 2.6% to Rs 451. Grasim shed 2.5% to Rs 1,634.

Bajaj Auto, HLL, Tata Steel, ONGC, ITC, NTPC, Satyam Computer, Hero Honda, Wipro and Reliance Energy were among the major gainers on the Sensex, while Ranbaxy, Grasim Industries, Hindalco, SBI, GACL, ICICI Bank, Bhel, Tata Motors, HDFC Bank and Maruti were among the major Sensex scrips closing in the red.

sensex | BSE sensex

IPO: B L Kashyap And Sons Ltd

2006-02-17T15:52:00.000-08:00

Company Name : B L Kashyap And Sons Ltd
Type of Issue : Book Built

Issue Opens : 20 February, 2006
Issue Closes : 23 February, 2006

Issue Size : 2,750,000 (No. of Shares)

Lower Price Band (Rs): 625
Upper Price Band (Rs): 700
Total Size (Rs) : 193 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: Edelweiss Capital Ltd

Company Details:
URL : http://www.blkashyap.com
Address : A-12, Kailash Colony, New Delhi - 110 048
Email : ipo@blkashyap.com
Contact Details : 01141679800 /01141679815 (fax)

ipo|sensex

IPO: Pratibha Industries Ltd

2006-02-16T16:12:00.000-08:00

Company Name : Pratibha Industries Ltd
Type of Issue : Book Built

Issue Opens : 16 February, 2006
Issue Closes : 22 February, 2006

Issue Size : 4,285,000 (No. of Shares)

Lower Price Band (Rs): 100
Upper Price Band (Rs): 120
Total Size (Rs) : 51 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: Vivro Financial Services Pvt Ltd

Company Details:
URL : http://www.pratibhagroup.com
Address : 101, Usha Kamal, 574, Chembur Naka, Chembur, Mumbai - 400 071
Email : info@pratibhagroup.com
Contact Details : 02256414499 /02225201135 (fax)

ipo|sensex|pratibha industries

Sensex scaled a new intra day high

2006-02-16T06:34:00.000-08:00

Sensex scaled yet another life-time high, but closed nearly flat with a
marginal gain of 11.12 points at 10,124.30 after a volatile trading session on Wednesday

Sensex scaled a new life-time high of 10,195.42 early in the morning trade.

The NSE Nifty closed 0.60 points down at 3,021.60.

Dr Reddy's Labs, Tata Motors, Hero Honda, HLL, L&T, Tata Power, Grasim Industries,
HDFC Bank, Maruti and Reliance Energy were among the leading gainers on the Sensex today.

There were 17 Sensex scrips that advanced ahead, as against the 13 Sensex scrips
closing in the negative territory.

Dr.Reddy's soared to a high of Rs 1,295 following the news that the company has
acquired betapharm, a German pharma firm. The stock finally closed with a huge gain of
9.4% at Rs 1,282.

Auto and cement stocks, too, witnessed hectic buying today.

sensex

IPO: Union Bank Of India

2006-02-15T11:12:00.000-08:00

Company Name : Union Bank Of India
Type of Issue : Book Built

Issue Opens : 15 February, 2006
Issue Closes : 21 February, 2006

Issue Size : 45,000,000 (No. of Shares)

Lower Price Band (Rs): 100
Upper Price Band (Rs): 110
Total Size (Rs) : 495 Crores

Registrar to the Issue : MCS Ltd
Managers to the Issue: Enam Financial Consultants Pvt Ltd, Kotak Mahindra Capital Co Ltd, Sbi Capital Markets Ltd

Company Details:
URL : http://www.unionbankofindia.com
Address : 239,Vidhan Bhavan Marg, Nariman Point, Mumbai - 400 021
Email : rbmenon@unionbankofindia.com
Contact Details : 02222892000 /02222881979 (fax)

ipo|sensex|union bank of india

IPO: Gitanjali Gems Ltd

2006-02-15T06:04:00.000-08:00

Company Name : Gitanjali Gems Ltd
Type of Issue : Book Built

Issue Opens : 16 February, 2006
Issue Closes : 21 February, 2006

Issue Size : 17,000,000 (No. of Shares)

Lower Price Band (Rs): 170
Upper Price Band (Rs): 195
Total Size (Rs) : 332 Crores

Registrar to the Issue : Karvy Computershare Pvt Ltd
Managers to the Issue: Keynote Corporate Services Ltd

Company Details:
URL : http://www.gitanjaligroup.com
Address : 801/802,Prasad Chembers, Opera House, Mumbai - 400 004
Email : ipo@gitanjaligroup.com
Contact Details : 02223630272 /02223630363 (fax)

ipo |sensex | gitanjali gems

IPO: K Sera Sera Productions Ltd

2006-02-15T05:56:00.000-08:00

Company Name : K Sera Sera Productions Ltd
Type of Issue : Book Built

Issue Opens : 16 February, 2006
Issue Closes : 22 February, 2006

Issue Size : 5,000,000 (No. of Shares)

Lower Price Band (Rs): 60
Upper Price Band (Rs): 75
Total Size (Rs) : 38 Crores

Registrar to the Issue : Bigshare Services Pvt Ltd
Managers to the Issue: Enam Financial Consultants Pvt Ltd

Company Details:
URL : http://www.kserasera.com
Address : Versova Shree Darshan Co-op Hsg Soc Ltd,Gr Flr, Plot No 15, R D P - 2, Sardar Vallabhbhai Patel Nagar, Near Versova Telephone Exchange, Andheri (W) Mumbai - 400053
Email : publicissue@kserasera.com
Contact Details : 02256963035 /02256963037 (fax)

ipo
sensex
k sera sera

Sensex down 87 points

2006-02-14T16:47:00.000-08:00

After scaling a new peak of 10,185 in the opening deals, the Sensex slipped into red on account of profit taking.

Sustained selling pressure in the market saw the index slide to a low of 10,064 - down 121 points from the peak.

The Sensex finally closed with a loss of 0.9% (87 points) at 10,087.

The Nifty closed at 3,018, down 24 points.

HLL soared to a high of Rs 226 - up almost 10% from the day's low of Rs 206 - following strong Q4 numbers announced by the company. The stock closed 7.2% higher amid hefty volumes of around 78.59 lakh shares.

Bajaj Auto was the other major gainer among the Sensex stocks today. The stock zoomed to a new all-time high of Rs 2,355, before settling with a gain of 3.6% at Rs 2,302.

Satyam and Wipro shed over 2.5% each to Rs 737 and Rs 493. TCS was down nearly 2% at Rs 1,619, and Infosys ended with a loss of 1.3% at Rs 2,823.

sensex

sensex breaks the 10,000 point mark at close

2006-02-07T16:47:00.000-08:00

The benchmark sensex continued its upsurge to set a new peak at 10,084.18 points on the Bombay Stock Exchange today with most of the blue-chip stocks notching up significant gains on masssive purchases by foreign funds.

The barometre gained 103.76 points at 10,084.18 at 11.15 am on the back of strong gains in index-related stocks like Infosys Technologies, BHEL, Bajaj Auto, HDFC Bank, ICICI Bank, State Bank of India, Larsen and Toubro, HDFC, Tata Motors and Reliance Capital.

The Sensex scaled to a new peak of 10,100 before settling with a smart gain of 1% (102 points) at 10,082 at the close.

ITC moved up 2.5% to Rs 161. HLL notched up a gain of 1.7% at Rs 198.

Cipla spurted over 3% to Rs 512. While Dr.Reddy's was up 2.3% at Rs 1,218, Ranbaxy slipped 1.8% to Rs 407.

Infosys and Wipro advanced 1% each to Rs 2,871 and Rs 520, respectively.

The Nifty surged by 20 points to hit an all-time closing high of 3,020.

sensex

Sensex finally breaches 10,000 mark

2006-02-06T15:55:00.000-08:00

India's stock market benchmark Sensex on Monday pierced through the magical 10,000 points level for the first time on aggressive buying by funds.

The market barometer was at 10,002.83 points, higher by 260.25 points. Similarly, wide-based National Stock Exchange index Nifty spurted by 66.55 points to set a record high of 3007.15.

The Sensex finally settled with a huge gain of 2.4% (238 points) at a record high of 9,980.

The Nifty surged by 60 points to close at 3,000.

The Bombay Stock Exchange's 30-sensitive index (Sensex) which set an intra-day high at 9993.92 points on February 1, remained sluggish thereafter and touched a low of 9,713 points before completing the last lag of its journey to the historic 10K level today.

The major support to the Sensex came from Reliance Industries, Infosys, ICICI Bank, ACC, Bajaj Auto, Housing Development Finance Corporation and Larsen and Toubro.

Any change in the share prices of Reliance Industries, Infosys Tech and ICICI Bank changes the market scenario as the trio enjoy over 30 per cent weightage on the index.

Major Gainers
ICICI Bank rallied 6.4% to Rs 607. HDFC moved up 2.5% to Rs 1,338, and HDFC Bank added 1.7% to Rs 745. SBI was up nearly 1% at Rs 865.

Ranbaxy soared over 6% to Rs 414 following the company's announcement that it has formed a JV with a South African firm to tap the African market. Dr.Reddy's and Cipla moved up 2.6% each to Rs 1,190 and Rs 496, respectively.

Reliance gained 3.4% to Rs 720. ONGC ended with a gain of 2.5% at Rs 1,191. ITC surged 2.7% to Rs 157, and HLL advanced over 2% to Rs 194.

TCS rallied 3% to Rs 1,680. Infosys gained over 2% at Rs 2,845 and Satyam added 1.8% to Rs 739. Wipro, however, ended a tad lower at Rs 514.

The BSE Bankex zoomed over 3% (162 points) to 5164. The BSE Healthcare Index also moved up over 3% (113 points) to 3478. The BSE FMCG, Oil & Gas indices closed with gains of over 2% each today. The BSE Teck index gained 1.5% (35 points) to 2,442.

Advances were ahead of declines - out of 2,570 scrips traded, 1,443 moved up, 1,071 declined and 56 were unchanged today.

While 302 scrips hit their respective upper limits, 177 hit the lower circuits today.

IPO: Sakuma Exports Ltd

2006-02-05T22:18:00.000-08:00

Company Name : Sakuma Exports Ltd
Type of Issue : Public

Issue Opens : 08 February, 2006
Issue Closes : 14 February, 2006

Issue Size : 6,666,667 (No. of Shares)

Lower Price Band (Rs): 50
Total Size (Rs) : 33 Crores

Registrar to the Issue : Bigshare Services Pvt Ltd
Managers to the Issue: Khandwala Securities Ltd

Company Details:
URL : http://sakumaexportsltd.com
Address : 17,Chemox House,7 Barrack Road,Bombay Hospital Lane,New Marine Lines,Mumbai - 400020
Email : sakumaex@mtnl.net.in
Contact Details : 02222079296 /02222079301 (fax)

ipo
sensex

Online Stock Market Investing

2006-02-05T07:44:00.000-08:00

The Nice to know things about Online Stock Market Investing

Stock market investing using online applications like the internet has made stock market investing more efficient, secure and manageable to a lot of retail stock market investors.

Online stock market investing is made possible by internet based trading companies that provides stock trading solutions services to the public. Anybody can just open an account with an online stock trading company and arrange for a trade commission depending on the volume or amount of his trades. Once the online paperwork is finished and he’s been able to find out how the online trading system works, he can immediately start trading. These online companies also provides research reports with analysis both fundamental and technical information about the companies he’s interested to invest in.

But before anybody can start to invest in the stock market online, he’ll need to know that there are a lot of differences between investing in the market the traditional way which is by calling a stock broker and ordering the stocks he’ll be buying and investing in the market online.

Unlike the traditional way of investing the stock market, online investing now has minimal services of a personal stockbroker that gives advise on recommended companies to invest in. Online stock trading companies have research reports, they publish articles by mainstream analysts and they provide the tools available in their websites that helps the investor makes investment decisions.

But the homework of choosing which companies he can invest in is now handed over to the investor himself. He will need to read more about the articles and discern which information that he reads from the news, the research reports are credible and worthy. There maybe information available in the internet that may not be as accurate as they claim to be. It’s important for the investor to do a lot of research and carefully plan out his investment strategies when he’s trading online.

Investing over the internet for a first time online investors also needs to be planned well. In order to gain more knowledge on how the online trading system works, it’s best for him to start out small. He can initially shell out a portion of his investment money and have a feel if online investing is a natural for him. Starting out big in online trading especially for a first time investor may be risky as there are a lot of information that he needs to know first and being able to experience actual trading by starting out small will help minimize the risks he faces when trading online.

IPO: Sadbhav Engineering Limited

2006-02-03T17:07:00.000-08:00

Company Name : Sadbhav Engineering Limited
Type of Issue : Book Built

Issue Opens : 03 February, 2006
Issue Closes : 08 February, 2006

Issue Size : 2,900,000 (No. of Shares)

Lower Price Band (Rs): 165
Upper Price Band (Rs): 185
Total Size (Rs) : 54 Crores

Registrar to the Issue : Intime Spectrum Registry Limited
Managers to the Issue: Karvy Investor Services Limited & INGA Advisors Private Limited

Company Details:
URL : http://www.sadbhaveng.com
Address : Sadbhav House,Opposite Law Garden Police Chowki,Ellisbridge, Ahemdabad,380006
Email : sadbhavad1@sancharnet.in
Contact Details : 917926463384 /917926400210 (fax)

ABOUT THE COMPANY

Sadbhav Engineering is engaged in the construction business since 1968. Its main focus areas are irrigation, Roads and Highways and Mining Operations.They were awarded the first Sardar Sarovar Nigam Limited Canal Project in 1989-90. Their excellent track record enabled them to bag new projects for construction of Narmada Main Canal. It’s a company that has picked up its resources and moved strength to strength over time.

OBJECTIVES OF THE ISSUE

1. To meet the investment requirements in Mumbai- Nasik Expressway Limited
2. To meet margin money for purchase of capital equipment
3. To meet the margin for working capital
4. To meet expenses of the issue.

COMPETITVE STRENGTHS

1. It prefers to own capital equipments thereby reducing its dependence on hired or leased equipments.
2. It has a track record of timely execution and completion of its project without comprising on the quality.
3. Its growth driver includes BOT projects (The four lane Mumbai- Nasik Expressway Limited), its Order Book Value and its Bid Capacity.

BUSINESS STRATEGY

1. Exploit increasing opportunity in BOT segment
2. Target multilateral financial agency aided road project
3. Focus on operations and Main Project for Roads
4. Focus on initiatives in the irrigation sector by the Central and State Government
5. Plan entry into other segment such as Airports, Water and Pipelines

FINANCIAL SUMMARY (Rs. in crores) For the half year ended on 30th September 2006

Total Income: 123.82
PAT: 5.70
Net worth: 65.89
Gross block of Fixed Assets: 155
EPS: 14.24

Recommendation
Its an excellent long term investment

ipo
sensex

IPO: GVK Power And Infrastructure Ltd

2006-02-03T17:00:00.000-08:00

Company Name : GVK Power And Infrastructure Ltd
Type of Issue : Book Built

Issue Opens : 02 February, 2006
Issue Closes : 07 February, 2006

Issue Size : 8,275,556 (No. of Shares)

Lower Price Band (Rs): 260
Upper Price Band (Rs): 310
Total Size (Rs) : 257 Crores

Registrar to the Issue : Karvy Computershare Pvt Ltd
Managers to the Issue: JM Morgan Stanley Pvt Ltd & Kotak Mahindra Capital Company Ltd

Company Details:
URL : http://www.gvk.com
Address : R 540,New Rajendar Nagar,New Delhi 110060
Email : gvkpilinvestors@gvk.com
Contact Details : 911128743563 /911128744391 (fax)

ipo
sensex

Sensex down 101 points

2006-02-03T16:52:00.000-08:00

Heavy selling pressure towards the end saw the Sensex slide to a low of 9714, and closed with a loss of 101 points at 9743.

The Nifty closed at 2,941, down 27 points.

HDFC led the fall with a loss of over 4% at Rs 1,305.

Wipro shed 2.2% to Rs 516. ACC, ITC and ONGC, too, dropped 2% each to Rs 581, Rs 153 and Rs 1,162, respectively.

Infosys declined 1.7% to Rs 2,787. Reliance slipped 1.6% to Rs 697. Reliance Energy was down 1% at Rs 598.

Cipla, Dr.Reddy's, Hero Honda, HLL, Hindalco, ICICI Bank and Larsen & Toubro also ended with substantial losses.

The Importance of Money

2006-02-02T15:55:00.000-08:00

A great philosopher once said "Money is a barrier against all possible evils." Let's explore and expand on this thought.

Money can prevent the sufferings that come with poverty like cold and hunger. While sickness can not be totally obliterated by money, it can be considerably relieved by it. Giving away money to charity can also provide us with the satisfaction of relieving others from suffering.

With money, we can obtain an advanced education that may aid us in the development of genius and extraordinary achievements. It gives us the leisure to devote a part of our time to culture and art. Money can provide a powerful diversion for all or our troubles by permitting distraction from the anxieties that assail us.

So we must try to get a thorough understanding of all that we may possibly do, in an honorable and legitimate way, to conserve wealth. Even to those who have inherited wealth, idleness can be a certain cause of ruin. A great fortune needs genuine labor for efficient administration. Those who leave this duty to strangers may pay a penalty for their negligence. This is why a rich man, who wants to preserve and increase his fortune, should be his own business manager.

Even artists must know the price that their work is worth. It is necessary for the artist to be a businessman in order to have the right to be a genius. History is full of example of this. The great Shakespeare labored as a theatre manager to obtain the necessary leisure to produce his dramatic masterpieces. Edison worked as a telegraph operator to pay the bills while he "moonlighted" as an inventor.

From the bottom to the top of the ladder, it is necessary to amass money in order to apply it to some great cause. Money is the means by which we may fulfill our purpose in a larger and better way.

Everyone should, in his own way, make an effort to amass some money. Some will apply money to their daily wants. Others seek to swell the fortune that they desire to leave to their children. Some only desire money so they can devote it to some noble enterprise or charity. Finally, a large number see money chiefly as a means of immediate gratification.

Whatever the reason, everyone capable of earning money should learn how to manage it properly in order to ensure that they will have enough of it to apply to the causes that they choose.

To win or to fail: Tips for successful trading

2006-01-28T18:06:00.000-08:00

Investing money entails a great amount of risk. Like they always say, “It takes money, to make money.”
Money doesn’t grow on trees, you know.

But it doesn’t necessarily mean that to achieve good profits, one has to invest heavily and risk greatly. That is not the case all the time. A well-informed investor can make sound decisions that will help him earn considerable profits with minimal loss.

The first lesson a successful businessman will tell you is that any endeavor carries potential risk along with potential gain. The trick is to determine if the profit is worth the risk. If it is, it is now time to consider if you are willing to take the risk.

So before you start trading, ask yourself this:

a.) What are your achievement goals?
b.) Are your investments going to lose money?
c.) Are you willing to take bigger risks for better profits?

Setting your achievement goals will allow you to know how long you’re willing to wait for a stock to gain profit. It will also give you a limit on how much you’re willing to lose. It will also give you an idea on how to go about investing in a stock.

If you choose a low-return investment, it will mean that either you increase the amount you invest or increase the length of time invested.

After you have made up your mind with the above questions, there are some tips you may want to use to evaluate your trading philosophy.

a.) When to invest. Ordinarily, you want to trade all the time. You get excited when you see shares go up or when they fall down. You make decisions based on a whim and factors that don’t usually affect a stock in the long run. The best traders wait 50% of the time waiting and studying how a stock performs. They do not trade every day and all the time.

b.) Discipline yourself. You are so excited to make trades that you trade on a stock that looks half-decent enough rather than waiting for the best stock to come along.

c.) Small moves big payoffs. Don’t waste time dabbling in so many small stocks with minimal profit. Watch out for big stocks and concentrate on a few.

d.) Do not be too emotional. Making money is exciting. Losing money can get very depressing. Detach yourself from your emotions; otherwise, you won’t be able to look at things objectively.

Trading stocks is a high-risk, high-profit venture. Dabbling in the stock market half-cocked is suicide. Take your time. Study, research and be patient. After all, it’s your money, so it’s your loss.

IPO: Andhra Bank Ltd

2006-01-12T15:14:00.000-08:00

Company Name : Andhra Bank Ltd
Type of Issue : Book Built

Issue Opens : 16 January, 2006
Issue Closes : 20 January, 2006

Issue Size : 85,000,000 (No. of Shares)

Lower Price Band (Rs): 90
Upper Price Band (Rs): 100
Total Size (Rs) : 850 Crores

Registrar to the Issue : MCS LIMITED
Managers to the Issue: SBI Capital Markets Limited, Enam Financial Consultants Private Limited & DSP Merrill Lynch Limited

Company Details:
URL : http://www.andhrabank-india.com
Address : Dr. Pattabhi Bhavan,5/9/11,Saifabad,Hyderabad,500004,India
Email : eco@andhrabank.co.in
Contact Details : 914023230883 / 914023230883 (fax)

ipo

IPO: Nitin Spinners Ltd

2006-01-12T15:12:00.000-08:00

Company Name : Nitin Spinners Ltd
Type of Issue : Book Built

Issue Opens : 06 January, 2006
Issue Closes : 12 January, 2006

Issue Size : 22,170,000 (No. of Shares)

Lower Price Band (Rs): 18
Upper Price Band (Rs): 21
Total Size (Rs) : 47 Crores

Registrar to the Issue : Bigshare Services P Ltd
Managers to the Issue: IDBI Capital Market Services P Ltd & UTI Securities Pvt Ltd

Company Details:
URL : http://www.nitinspinners.com
Address : 16-17km Stone, Chittor Road, Hamigarh, Bhilwara 311 025
Email : ipo@nitinspinners.com
Contact Details : 911482286110 / 911482286114 (fax)

Rajasthan-based knitted fabrics and cotton yarn exporter Nitin Spinners would come out with Rs 49 crore (Rs 490 million) initial public offer, IPO, to partly fund its Rs 150 crore (Rs 1.50 billion) expansion programme, the company said yesterday, report agencies.

The proposed expansion plan of Rs 150 crore (Rs 1.50 billion) involves additional capacity of 50,400 spindles of cotton yarn production, 12 knitting machines for knitted fabric production and additional power generation capacity of 8.18 MW," it said in a release.

ipo

Wise Stock Investing is about Much More than Being "Right"

2006-01-06T15:32:00.000-08:00

The title may sound strange to some investors or traders, especially to those that are new to the subject. Some people are convinced that this is the single most important thing for success in the stock market. But the truth is; when it comes to being a successful investor, how much money you make when you're right really isn't all that counts. The simple fact is you won't always be right. Oops. Bad news, right. It's not something you like to hear, but it's true. Isn't it? Even though it's possible that some of you may have met someone, at one time or another, that claimed to be right almost 100% of the time. And if you haven't met that person yet, you might run into him or her somewhere in the future. When you do, be careful. When someone tells you he or she is always right, in general, three scenario's are possible:

- You're talking to the world's best investor / trader
- You're talking to a textbook example of beginners luck
- You're talking to a liar

Let's take a quick look at all these possibilities. The first scenario is of course highly unlikely. Fortunately it's easy to find out if this is the case. Just take a look at the person's track record. People that like to brag about being right all the time, usually enjoy making their point. So they would love to prove their track record to you. If they fail to cough one up, they're probably not telling you the truth.

The second scenario is a lot more likely. Only a couple of years ago, when every idiot could make a profit because share prices were continuously on the rise, it seemed like these people grew on trees. In todays market you won't find a lot of those people hanging around. Most of them got more than they could handle when the bubble burst. And many of them never had the courage, or the financial means, to return to the game of investing.

Then of course we have the third and most likely scenario. In this case, you would take the same approach as you did with the super investor. You ask them to show you their track record. The liar of course will never give you this. Instead they will try to convince you with wonderful stories. All of which are probably fascinating. Some would be interesting enough to serve as a plot for a Hollywood blockbuster on Wallstreet. However, none of these stories will do you any good when it comes to making it in the stock market.

The plain and simple truth is that nobody can invest for any period of time and be right each and every time. It simply is not possible. Now that doesn't mean that anyone telling you they never lose is lying. It depends on what they're really saying. They are not saying that they never lose on a trade or on a specific investment. What they may be saying is that they never close out a year with a loss at the end. So how come they can make money every year even when they lose on some trades just like everybody else? The answer is simple; they are right more often then they are wrong. And more importantly, when they are wrong they limit their losses.

To illustrate this, let's compare the stock market to a game of roulette. Some people could easily substitute one for the other. They live under the assumption that both are simply games of chance. Others may find this comparison ridiculous because the two are so vastly different. The two camps would probably never agree, so let's not go into that discussion here. However there is something very important we can learn from roulette.

In a game of roulette the odds are actually divided in a reasonably fair way. If you were to continue playing by constantly just betting a small amount, say $10.00. And you would consistently play the same color, say black. You would be right 18 out of 37 times on average. Of course you would also be wrong 18 times. If you would consistently play the game this way, you would probably never win much, but you couldn't lose much either. As a matter of fact if you would just continue playing long enough, you would eventually lose on 1/37th of all your bets.

Unfortunately the same can not be said for the stock market. The odds are quite different there. Yes, the market can go up and down, and there is no zero, but there are many more factors to be taken into account than in a game of roulette. The same strategy that was described in the roulette example could work quite well in the stock market, but it could also cost you everything you've got. One part about being a successful trader is to be right as often as possible. And even though you cannot predict the market, at least not perfectly. You can do your homework by studying the technical analysis charts and doing some fundamental analysis into the company. If you know what to look for, this will greatly increase your chances of being right.

However, you still will not be right all the time. And that is where both the lesson from the roulette example and the title of this article come in. First of all, you have to place your 'bets' evenly. Stick to the $10.00 example. Don't be persuaded to invest a significantly large part of your investment capital into any one trade just because you're so sure this time. This may work out fine many times, but sooner or later it will hurt you, and it will hurt bad. You see it is not how much you make when you're right that counts. It is what you keep yourself from losing when you're wrong that really matters in the long run. You can be right 90% of the time and make some pretty good money. But it won't do you any good if you lose it all on the 10% of your trades when you're wrong. Of course diversification and proper asset allocation can help protect you, but that simply isn't enough. You have to know when to get out.

So next time when you're about to make a trade, ask yourself: "What if I'm wrong". And then determine a price level at which you will take your loss and get out. Once you've determined this simple rule, just stick to it. It may cause you to lose a little money every once and a while. Even on trades that may bounce back just one day later. But in the long run that will hurt far less than the losing trade you so desperately hang on to, hoping it will recover. Only to find out that it won't.

Sensex down marginally on the first day of trading in the new year

2006-01-02T10:25:00.000-08:00

The Sensex began the year on a bouyant note by opening with a positive gap of 24 points at 9422. The index soon scaled to touch a new intra-day lifetime peak of 9457.

Finally the sensex closed marginally in the red on the first trading day of the new year 2006.

The BSE Sensex settled 7.79 points down at 9,390.14, after scaling an all-time intraday high of 9,457.09.

There were 10 Sensex scrips that advanced ahead, while 20 Sensex scrips closed in negative territory on the first trading day of 2006.

ONGC gained 1.5% at Rs 1,193.
Reliance Energy was up 1.2% at Rs 612.
Hindalco at Rs 146
Dr.Reddy's at Rs 963
Infosys at Rs 2,979
Ranbaxy at Rs 365

The NSE Nifty closed 0.60 points down at 2,835.95.

Tag:sensex

Ground Rules for Successful Investing

2005-12-26T01:15:00.000-08:00

Not long ago investing was easy. There were few places you could invest and if you had money you wanted to invest, you left it to the professional stock brokers. However, deregulation of the financial markets has changed all this. In the past 20 years new investment products have been launched, changes have been made to the tax systems and retirement plans which have altered the attractiveness of many investment products.

Up to about 20 years ago, share investing was purely in the domain of the wealthy. For most people it was difficult to trade in overseas stock exchanges, there were no such thing as cash management trusts, installment warrants, exchange traded options, dividend imputation, reset preference shares and endowment warrants - to name a few. Now about 50% of investors are "mums and dads" investors who either own shares directly or in managed funds. Unfortunately, in recent years many investors have been "burnt" because they did not understand the risks of investing in financial markets.

Governments around the world have made it clear that it is important for people to take control of their own financial futures. The sustainability of government funded pensions is under pressure. If you do not save and invest, you will suffer a significant decline in your retirement living standard. The average life expectancy is about 80 years, so if you retire at 60 years of age, the savings you have accumulated in the 40 years of your working life will need to fund your retirement of 20 years or more.

Deregulation of financial markets, interest rates and currencies means that the market determines the value of investments and not government decree. This provides opportunities for educated investors to build wealth and for unwary investors to lose wealth. You must understand the opportunities and risks.

The ground rule is that if you want to be a successful investor in financial markets, you must educate yourself about investing. Even if you put your faith in a licensed investment advisor, not all are competent. It is essential that you understand how the financial markets work so that you do not put your hard earned money in the hands of an incompetent advisor who is only interested in the commissions available. How can you tell whether a particular investment is right for you? The only sure way is to become familiar with the language used in the financial industry and to have a sound investment strategy. Does this mean that you should keep you money safe by putting it under the bed or keeping it in the bank? No - but you do need to understand the risks involved and set ground rules for successful investing.

There are a number of ground rules in investing that haves stood the test of time. With time, patience and effort you can become a successful investor in all the areas that are open to you. This will not come overnight and you will have to be prepared for that fact there will be times you lose money. However,perseverance is a virtue above all others. The road is not always easy, but nothing worthwhile is.

Here are the ground rules for successful investing:
1. Be your own investment manager. No advisor or stockbroker should do it for you. Only you know what your real needs are, what your temperament is - and only you are motivated by your own best interests, not sales commissions. It is also more fun to do it yourself;
2. Confront risk and then reduce it through spreading your investments;
3. Take a contrarians view to investment markets. That is, look for opportunities and do the opposite of what everyone else is doing;
4. Do not be put off by investment jargon. Master it instead.;
5. NOW is the best time to start investing. Do not wait for the markets to improve. If the share market is filled with gloom, that is the time to buy;
6. Make good quality shares the core of your investment strategy. Then you can rest easy when you invest in more speculative areas;
7. Always consider tax implications of making investments but never let tax minimization be the main objective. The fundamental rule is to think in terms of after-tax returns;
8. Keep up to date through reading the financial papers and searching independent investment research websites;
9. Discussing investments is stimulating. Condition your mind to talk to others about investing, especially people who are more experienced and knowledgeable than you are;
10. Do not be greedy. Discipline yourself to cut your losses with bad investments and cash in when you have made a reasonable profit;
11. Be patient. Rome was not built in a day. Similarly, you may not become wealthy overnight, but you will over time;
12. Never invest in anything you do not understand. If a particular investment sound too good to be true , it usually is;
13. Pay yourself first. Most people invest money they have left over after paying the bills. Allocate yourself the first 10% of your monthly income to build up your investment capital. By doing this you will force yourself to become an investor and the long term benefits will be enormous.

If you master these 13 ground rules, you will be a successful investor. You will rival so-called professionals and will sleep easily at night knowing that money is the least of your worries.

Investing in the Stock Market

2005-12-20T11:30:00.000-08:00

When it comes to investing in the stock market a lot has been said and written. So much so that you would think everybody would know how to manage their money in this arena. In reality however, nothing could be further from the truth. Even though people can easily access a wide range of financial information these days, successful investing remains a mystifying topic for many people. The biggest problem is not the lack of information. There is plenty of information around for anyone who wants it. The real issue is the lack of security and predictability, that is inherent to the stock market, and people's ability to deal with it.

People love to be secure and in most cases they like to be able to foresee things at least to a minimum degree. At the same time however they want to make a profit; the more, the better. And unfortunately high profits are usually accompanied by high risk. Feel the dilemma here? Of course, one solution to this dilemma would be to simply put your money in a savings account, collect a little interest and just relax. If this sounds good to you, well, good for you, but don't bother reading the rest of this article.

Which means that if you're reading this, you're probably not satisfied with the meager returns from today's savings accounts and you want to let your money work just a little harder for you. But you would still like to minimize your uncertainty right? Let me give you a prediction with a very high degree of certainty.

If you invest in the stock market you will inevitably:
- make money some times
- lose money some times

That should at least cover the uncertainty factor. Perhaps this sounds a bit simplistic and if it does, good, it should. Because the point I am trying to make is very simple. You just can't make money every single time you make a transaction. Even Warren Buffet did not make money on every investment he has ever made. The best investors and traders in the world lose money on a certain number of their transactions. So don't get too hung up when it happens to you.

Fortunately it's very hard to lose money every time you invest. Perhaps you could find some people who claim that they lost on every investment they've ever made, but chances are they are not telling you the truth. Even they have made money on some of their transactions. However they probably re-invested that money into other stocks that ended up losing money. It's a lot like the guy sitting at the slot machines. After playing for a while the machine starts chucking out a whole bunch of coins resulting in a nice profit. But instead of calling it a day and taking his winnings home, the guy simply keeps pouring money into the machine until the very last coin. Then he goes home wondering why good luck never comes his way.

It's important to face the reality of losing some money from time to time and be ok with it. This does not mean that you should feel ok every time you lose money. Your goal should always be to make a profit. Just be aware of the fact that you can't realistically expect to make a profit every single time. This will ease some of the fears of failing, since losing money on an investment doesn't mean you have failed as an investor. Many people never get started just because they're afraid of losing money. And if they do lose money, they feel they have failed and retreat from the stock market in its entirety, never to return again.

If this hasn't happened to you personally yet, just look around. Can you remember a time when either a colleague or a relative would frequently inform you of their investments? Just about every time you bumped into them they would tell you how good their stocks were doing and how much profit they were making. And then, all of a sudden, they completely dropped the subject. You never heard them talking about it again. And if anyone asked them how their stocks were doing, they would either mumble something inaudible or utter some kind of defensive statement. What happened? They lost their money and withdrew from activity in the market. They have essentially given up, and in doing so, they've lost. Not because they lost money, because they gave up.

If you want to be a successful investor, you can't be like that. The though of giving up can pop up in your mind when things don't seem to go your way, but you should never give in to it. When it comes to success in investing your attitude is more important than your knowledge, just as in many other areas of life. Now, I am not saying that you don't need knowledge. You should try to learn about investing, at least enough to get a basic understanding of how the stock market works. Neither am I saying that it's ok to be an idiot and not learn from your mistakes. You should learn from them, as much as you possible can. Just realize that you will not be right 100% of the times and as long as you're investing in stocks you will not be able to prevent making mistakes.

So before you put your money into the stock market, or any other investment for that matter, remember this: You will win some and you will lose some.

Sensex & Nifty creates new records

2005-12-19T04:03:00.000-08:00

The 30-share benchmark index sensex crossed 9,400-point mark for the first time in history, it touched the all time intraday high of 9,402.68.

Sensex finally closed at the record closing high of 9,394.27 up 109.81 points from friday's close.

ACC added Rs 19 to Rs 556.
SBI gained Rs 19 to Rs 942
Reliance gained Rs 8 to Rs 857
L&T added Rs 23 to Rs 1,731
Satyam added Rs 12 at Rs 733
Infosys was up Rs 29 to Rs 3,017
TCS gained Rs 14 at Rs 1,733
Bharti added Rs 8 to Rs 359
Tata Steel moved up Rs 12 to Rs 380

NSE Nifty also created a record for both intraday and closing high.
It reached an intraday high of 2846 and closed at the new all time closing high of 2,842.60 up 32.45 from friday's closing.

Tag:sensex,nifty

Sensex scaled new high on friday

2005-12-17T17:53:00.000-08:00

Bombay Stock Exchange's benchmark 30-share Index - Sensex crossed yet another milestone and ended the week at a new closing peak of 9,284.46

The Sensex opened with a positive gap of 22 points at 9,192, but dropped to a low of 9,137 in morning deals. Renewed buying at lower levels saw the index zoom to a high of 9,290 - an intra-day swing of 153points.

Finally it closed with a gain of 114 points at 9,284.46

ICICI Bank gained 4.6% (Rs 26) to Rs 588.
Wipro was up Rs 3 at Rs 441.
Hero Honda was up Rs 11 at Rs 848.
Reliance gained Rs 3 to Rs 849
Cipla was down Rs 5 at Rs 425
Infosys gained Rs 70 to Rs 2,988

On the National Stock Exchange (NSE), the S&P CNX Nifty gained by another 53.70 points to close the week at 2810.15

Tag:sensex

Sensex down for second consecutive day

2005-12-15T16:33:00.000-08:00

Selling pressure in late noon deals saw the sensex plunge to a low of 9,117 before finally closing at 9,170.40, down 71.36 points.

Out of the 30 scrips which forma the sensex, 9 closed higher while 21 of them ended lower.

Satyam gained over 5% (Rs 36) at Rs 719
Infosys was up 1% (Rs 33) at Rs 2,919
Dr. Reddy's was down 2% (Rs 19) at Rs 930
ACC dropped 2% (Rs 12) to Rs 536
Grasim was down Rs 13 at Rs 1,366
Maruti was down Rs 12 at Rs 647
L&T added Rs 9 to Rs 1,735

The Nifty also closed with a loss of 26 points at 2,778.55.

Tag:sensex

Sensex drops by 22.14 point

2005-12-14T04:02:00.000-08:00

After breaching the 9300 barrier during intraday trading sensex dropped by 20 points from the previous day to close at 9,241.76

It set a new intraday high of 9,309.01

This is the first time in the hostory of BSE that the 30-share benchmark index crossed the 9,300-point.

13 Sensex scrips moved higher, as compared to 17 Sensex scrips that closed in negative territory.

Ranbaxy was up Rs 9 to Rs 399
Bajaj gained Rs 5 at Rs 2,119
Tata Steel was up Rs 8 at Rs 378
HDFC Bank gained 3% (Rs 22) to Rs 719.
Infosys was down Rs 61 to Rs 2,886
ONGC was down Rs 34 to Rs 1,148
Reliance was down Rs 11 at Rs 860

The NSE Nifty closed 7.75 points down at 2,804.55 after surging to a all time intraday high of 2,825.65.

Tag:sensex

Stocks Versus Bonds

2005-12-14T02:39:00.000-08:00

A lot of investors may wonder if they should have invested in stocks or bonds or both. Both investment vehicles have their own merit in the investment world. However, the best investment choice depends on your investment horizon and your risk tolerance.

Bond is a certificate of debt issued by governments or corporations which will be repaid later at maturity. Bond investors get steady stream of interest while the principal will be paid at maturity. Currently, the ten year treasury bond yield 4.48 %. This guarantees investors that held the bond to maturity, an annual 4.48 % return on investment assuming a default risk of 0. Since treasury bond is backed by the United States government, it is safe to say that the default risk is nil. Treasury bond price fluctuates daily. But the potential capital gain from the price change is fairly minimal. As of Tuesday December 6th 2005, the 10 year treasury bond is priced at around par value of $ 100. Therefore, the investors' main return on investment is through the interest payment of the bond.

When investing in common stock, investors may be rewarded with either dividend payment or capital appreciation or both. Mainly, investors are aiming for capital appreciation profit when they invest in stocks. Historically, stock market indices has returned 10.5% since world war II. Stock investors may be exposed to a lot of risk due to the price volatility. When the company is doing poorly, investors may lose half or all of his principal. Bond investors do not have this problem if the debt issuer still survives.

In my opinion, investors are well served investing in stocks if they will not use the savings for more than five years. The reason is simple. Common stock gives a much larger return than bond. Investing in bond merely get you even with inflation. Some common stock can even give you that kind of return from dividend alone. If stock investors properly calculated the fair value of the common stock, the short-term volatility of stock will not matter. In the long run, stock will be traded close to their fair value.

There is no need for investors with five year investing horizon to avoid common stocks. While investing in treasury bond is theoretically safe, its return barely match inflation. In other words, investing in treasury bond will not make us richer.

Investing idea is free at http://www.noviceinvesting.com

BSE Sensex & NSE Nifty zooms to a new record high

2005-12-13T05:40:00.000-08:00

Record breaking spree continues at the stock exchange.

The BSE Sensex closed with a gain of 130.23 points at a new all-time closing high of 9,263.90

Earlier in the day it had also scaled a record intraday high of 9,274.19.

4 of the 30 scrips which form sensex closed in the red.

SBI moved up 2% (Rs 18) to Rs 927
Satyam was up 2% (Rs 16) to Rs 687
TCS was up Rs 18 at Rs 1,668
HDFC moved up 3.7% (Rs 42) to Rs 1,171
Maruti gained over 2% (Rs 13) to Rs 662.
ACC advanced 5.6% (Rs 29) to Rs 558
Grasim added over 2% (Rs 30) to Rs 1,410
ONGC was up Rs 17 at Rs 1,182
Tata Steel was up Rs 7 at Rs 370
Reliance gained Rs 9 to Rs 872.

The Nifty gained 36.10 points to close at new all-time closing high of 2,812.30

Tag:sensex

BSE sensex sets a new record

2005-12-12T08:46:00.000-08:00

The BSE Sensex closed after a gain of 66.39 points at a new record closing high of 9,133.67.

The 30-share benchmark sensitive index scaled a all time intraday high of 9,175.60

The NSE Nifty closed 19.75 points higher at a new all-time closing high of 2,776.20, after scaling an intraday high of 2,789.35.

16 of the 30 scrip which constitute sensex gained today compared to 13 which closed in the red only 1 scrip remained unchanged
from the previous days close.

ONGC advanced 3.4% (Rs 38) to Rs 1,165
Infosys gained 1.8% (Rs 53) to Rs 2,926
L&T added 2.3% (Rs 39) to Rs 1,746
ICICI Bank moved up over 2% (Rs 11) to Rs 561
Bajaj was up Rs 33 at Rs 2,115
SBI was up Rs 10 at Rs 908
Reliance was down a rupee at Rs 863.
TCS declined over 2% (Rs 37) to Rs 1,649

Tag:sensex

IPO : Ramsarup Industries Limited

2005-12-10T13:27:00.000-08:00

Company Name : Ramsarup Industries Limited
Type of Issue : Public

Issue Opens: 13 December, 2005
Issue Closes: 16 December, 2005

Issue Size : 11,357,500 (No. of Shares)

Lower Price Band (Rs):60
Upper Price Band (Rs)
Total Size (Rs): 68 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue : Microsec India Ltd

Company Details:
URL : http://www.ramsarup.com
Address : Hastings Chambers, 7C,
Kiran Shankar Roy Road, 1st Floor, Kolkatta 700 001
Email : Info@ramsarup.com
Contact Details : 913322421200 /913322421888 (fax)

Tag:IPO

IPO: Radha Madhav Corp Ltd

2005-12-10T13:08:00.000-08:00

Company Name : Radha Madhav Corp Ltd
Type of Issue : Public

Issue Opens : 12 December, 2005
Issue Closes : 16 December, 2005

Issue Size : 10,000,000 (No. of Shares)

Lower Price Band (Rs): 20
Upper Price Band (Rs): 20
Total Size (Rs) : 20 Crores

Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: UTI Securities Ltd

Company Details:
URL : http://www.rmclindia.co.in
Address : Survey No 50/9 A Daman Indl Estate DAMAN- 2220177
Email : rmclipo@rmclindia.com
Contact Details : 02602220176 /02602220177 (fax)

Tag:IPO

Sensex breaks the 9000 barrier at close on friday

2005-12-10T10:39:00.000-08:00

After coming close many times and breaching it once intraday, the sensex on today finally closed above the 9,000-mark

The Sensex closed with a gain of 160.97 points at a new record closing high of 9.067.28, after hitting an all-time intraday high of 9,080.76.

The Nifty closed 49.75 points higher at a new record closing high of 2,756.45, after scaling a life-time intraday high of 2,761.10.

Cipla, Dr Reddy's Labs and Gujarat Ambuja Cements were the only three Sensex scrips that closed in the red.

TCS gained over 4% (Rs 67) to Rs 1,686.
Infosys was up 2% (Rs 55) to Rs 2,874.
Satyam was up Rs 9 at Rs 673.
Wipro was up Rs 6 at Rs 441.
Bajaj moved up 3.4% (Rs 68) to Rs 2,082
Hero Honda gained 3.7% (Rs 30) to Rs 855
Reliance added over 2% (Rs 18) to Rs 864
ONGC was up over 3% (Rs 33) to Rs 1,127

sensex

IPO : Tulip Services Limited

2005-12-08T05:05:00.000-08:00

Company Name : TULIP SERVICES LIMITED
Type of Issue : Book Built

Issue Opens : 09 December, 2005
Issue Closes : 15 December, 2005

Issue Size : 9,000,000 (No. of Shares)

Lower Price Band (Rs): 100
Upper Price Band (Rs): 120
Total Size (Rs) : 108 Crores

Registrar to the Issue : Karvy Compushare Private Limited
Managers to the Issue: Karvy Investor Services Ltd & YES Bank Limited

Company Details:
URL : http://www.tulipit.com
Address : C 160,OKHLA INDUSTRIAL AREA, PHASE 1 ,NEW DELHI- 110020
Email : ipo@tulipit.com
Contact Details : 9101151678001 /9101151678002 (fax)

nayaissue recommendation :
Looks very strong, Could be a very good long term bet
One should apply with a long term horizon to benifit from the same

About the company

Tulip Service Limited is a leading independent provider of end-to-end Networking Solutions. This includes customized solutions for bandwidth and networking gear.
They provide Point-to-Point as well as Point-to-Multipoint connectivity with the last mile connectivity based on radio frequency technology.

Tulip IT Services is entering the capital market on December 9 with its initial public offer, IPO, of 90 lakh shares for raising about Rs 100 crore (Rs 1 billion) to fund expansion plans.

They will use the IPO proceeds to expand Tulip's Internet Protocol / Virtual Private Network (IP/VPN) wireless business to 130 cities from 100 cities at present.

The company, which made a net profit of Rs 16 crore (Rs 160 million) in the first half this fiscal, will list shares in BSE and NSE.

ipo

Sensex up by 10.5 point at end on Thursday

2005-12-08T04:57:00.000-08:00

Sensex and Nifty managed to close with modest gains on the back of renewed buying interest in select index scrips towards the end of the trading session, after plunging to intraday lows in the early afternoon trade.

Sensex finally close with a gain of 10.5 points at 8,906.31

15 Sensex scrips closed on a high, as compared to 15 scrips that closed in the red on Thursday.

The NSE Nifty closed 13.70 points up at 2,706.70.

ONGC was up Rs 14 to Rs 1,094. Reliance was up Rs 2 at Rs 846

Infosys added Rs 18 to Rs 2,818
TCS added Rs 24 to Rs 1,619

Satyam was down Rs 2 at Rs 664
HDFC dropped Rs 16 to Rs 1,104
Grasim was down Rs 17 at Rs 1,359

sensex

Sensex up by 80 points

2005-12-07T16:31:00.000-08:00

Sustained buying saw the index in the growth mode right through the session today.

The index touched a high of 8916 and finally closed at 8896, up 80 points or 0.9%.

The NSE 50-share Nifty gained 31 points to close at 2693.

TCS closed with a gain of 2.6% (Rs 40) at Rs 1,596,
ONGC advanced 2.7% (Rs 28) to Rs 1,081
Dr. Reddy's added 2.6% (Rs 23) to Rs 931
Hero Honda gained 2.2% (Rs 18) to Rs 824
Infosys gained Rs 3 at Rs 2,800
Wipro gained up Rs 8 at Rs 436

BHEL dropped 1% (Rs 13) to Rs 1,367

IPO: PVR Limited

2005-12-07T02:27:00.000-08:00

Company Name : PVR Limited

Issue Opens : 08 December, 2005
Issue Closes: 14 December, 2005

Issue Size : 7,350,000 (No. of Shares)

Price Bands
Lower Price Band (Rs): 200
Upper Price Band (Rs): 240

Registrar to the Issue : Karvy ComputerShare P Ltd
Managers to the Issue : ICICI Securities Ltd & Kotak Mahindra Capital Company Ltd

Promoters: Mr Ajjay Bijli, Priya Exhibitors Private Limited and Bijli Investments Private Limited.

Company Details:
URL: http://www.pvrcinemas.com
Address: PVR Limited
                 Block 2A, 2Nd Floor,
                 DLF Corporate Park,
                 DLF Qutab Enclave- III,
                 Gurgaon 122 002
                 Haryana India.
Email : ipo@pvrcinemas.com
Contact Details : 911151663787 /911151665787 (fax)

Key Achievements of PVR Limited:

First to launch a multiplex in India - PVR Anupam Saket, Delhi

First to launch India's biggest 11 screen multiplex - PVR, Bangalore

First to bring premier movie viewing to India with the exclusive Europa Cinema and Lounge at PVR Gurgaon

First to introduce Gold Class Cinemas in India at PVR, Bangalore

First to form a foreign joint venture with Village Roadshow, Australia

First to receive institutional funding in the cinema industry - from ICICI Venture

First to offer computerised & online ticketing

First to accept credit cards in cinemas

First to introduce mobile based information & ticketing service

First to launch a loyalty program for movie-goers in India

First to launch 'Movies First' - a monthly magazine that updates the movie lovers on the latest happenings in Bollywood and Hollywood.

sensex down by 8 point on tuesday

2005-12-07T01:59:00.000-08:00

The Sensex opened with a small positive gap of four points at 8,827, but dropped to a low of 8,784 in late morning deals.

Profit-taking at higher levels saw the index shed all the gains, and finish the day with a loss of eight points at 8,816.

The Nifty closed at 2,662, down 36 points.

ONGC moved up 2.8% (Rs 28) to Rs 1,052. Reliance Energy was up 2% (Rs 14) at Rs 617. Tata Power added Rs 7 to Rs 434.

Tata Motors slipped Rs 5 to Rs 550, and Bajaj was down Rs 8 at Rs 1,988.

Sensex down by 138 point

2005-12-05T14:32:00.000-08:00

On Monday, the sensex crashed by 138 points.

The index plunged to a low of 8,803 towards the closing bell - an intra-day swing of 208 points.

The Sensex finally closed with a loss of 138 points at 8,823.

The NSE Nifty was down by 37 points to close at 2,661.

Infosys dropped 2% (Rs 56) to Rs 2,787. While Wipro declined 2% (Rs 9) to Rs 422, Satyam slipped 1.3% (Rs 8) to Rs 651. TCS was down Rs 20 at Rs 1,520.

ACC slipped 2.7% (Rs 14) to Rs 524. Grasim declined 1.9% (Rs 26) to Rs 1,400.

ONGC was down Rs 11 at Rs 1,024. ITC dropped 2.5% (Rs 3) to Rs 134.

Forex Trading Explained

2005-12-03T02:58:00.000-08:00

It still amazes me every time I search "forex trading" or "forex training" to see all the new forex trading "experts" out there. Another day, another expert, all vying to reach the top of the heap. And each one has got ANOTHER easy money-making forex trading system.

Doesn't it irritate you that once you probe a little deeper the "experts", "trainers" and "course providers" are mostly failed traders turned "mentors", or Internet marketers? Aren't you frustrated by the fact that you only find copies of web pages you have seen many times before? Rehashed in a new form, but with the same old stories.

Forex Trading Explained

If you want to make money in the business of online forex trading you better have a well thought out business strategy and approach. Don't make that most common mistake and think this is all about finding a system to enter and exit trades. You will lose your shirt.

Forex trading is about being a professional at what you do.

Not so long ago the forex market was the sole domain of institutions, banks, investment companies and very rich people. Then it came to our neighbourhood, and the little man could play. Obviously, if we want to trade and win in this market we must do some analysis of what's going on in the market, what makes the prices fluctuate and so forth.

A typical institution which specializes in forex trading / forex investment has an army of analysts and economists and traders who do fundamental analysis, technical analysis, quantitative analysis and flow analysis - all contributing to their efforts and their profits. They also have risk analysts, risk managers, portfolio supervisors and a host of assistants to all the big shots. And they don't only trade spot forex, but other instruments like options, forwards and swaps as well as interest rate instruments.

The ebook "Bird Watching in Lion Country" teaches everything a person needs to succeed in forex trading.