Sensex declines by 49 pts on weak global cues

Sensex declines by 49 pts on weak global cues
Mumbai, Nov 24 (PTI) The Bombay Stock Exchange benchmark Sensex today fell by 49 points as investors booked profits before the expiry of current month contract in the derivatives segment amid weak Asian trend.

Sensex down 68 pts; Nifty falls below 5,100 pts
Mumbai, Nov 24 (PTI) The Bombay Stock Exchange benchmark Sensex today lost over 68 points in opening trade as funds and retail investors preferred to book profits amid weak Asian markets.

Sensex down 68 points, Nifty falls below 5,100 points
The Sensex today lost over 68 points in opening trade as funds and retail investors preferred to book profits amid weak Asian markets.

Led by RIL Sensex gains 158 points
Mumbai, Nov 23 (PTI) The Bombay Stock Exchange benchmark Sensex today rose by 158 points on sustained buying by funds in heavy-weight stocks led by Reliance Industries.


Sensex weak in early trades
The Sensex opened in the green at the day's high of 17,230 on the back of strong cues from US markets. However, subdued cues from the Asian markets has led the index into the red to a low of 17,111 - down 119 points from the day's high.

Reliance Power Bonus Shares Offer - u get 3 for every 5 u have

In a bid to reduce losses to shareholders after a dismal listing at India's stock exchanges, Anil Ambani-promoted Reliance Power Ltd Sunday announced issue of bonus shares in the ratio 3:5, which means that the company will issue three free shares for every five shares held.

However, RPL said no bonus shares were issued to the promoters of the company. After the bonus issue, the effective cost of a share to retail investors has dropped to Rs.269 against the retail issue price of Rs.430.

For institutional investors, the corresponding figure is Rs.281 against the issue price of Rs.450 Shares of RPL closed at Rs.416.85 at the close of trading Friday on the Bombay Stock Exchange (BSE). Despite drawing record subscriptions during it initial public offering (IPO), the first day of listing Feb 11 on BSE saw the Reliance scrip close at Rs.372, a huge decline over the issue price of Rs.450, after listing at Rs.547 at the bourse. This had created huge resentment and disappointment among investors, who had overwhelmingly subscribed to the IPO, as many of them expected the scrip to debut higher at around Rs.750-850 a share.

The IPO had attracted more than five million bids from all categories of domestic and international investors with aggregate commitment of over Rs.7.5 trillion ($189 billion) against the issue size of Rs.115.60 billion ($2.91 billion).

Reliance Power is currently developing 12 power projects in the country with a total planned installed capacity of 28,000 MW. This is among the largest portfolios of power generation assets under development.

Future Capital IPO price set at Rs.765

Future Capital Holdings Ltd said on Thursday it has set a price of 765 rupees a share for its initial public offer (IPO).

Future Capital will raise around 4.91 billion rupees by selling 6.4 million shares.

Future capital is the financial services arm of the diversified Future Group, which promotes top retailer Pantaloon Retail India Ltd.

Future Capital IPO oversubscribed 132 times.

Post IPO, the equity shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.