MCX IPO - Multi Commodity Exchange of India initial public offering

As per ET News today - The largest commodity futures bourse in the country - Multi Commodity Exchange of India (MCX) - is all set to hit the primary market with an initial public offering (IPO).

The commodity exchange is likely to announce its long-awaited IPO within a week. Sources said, MCX would sell 10% stake, through a mix of fresh shares and an offer for sale, to raise around Rs 500-600 crore.

According to sources, fresh shares will contribute the majority of the offering while the offer for sale will account for 2-3%. An offer for sale refers to the sale of promoter's existing equity to the public. The bourse has been valued at around $1.2-1.3 billion.

The issue is being managed by DSP Merrill Lynch, Kotak Securities and Enam Financial.

MCX has been mulling over listing on local bourses for the past two years. Sources said, IPO would provide many of its Indian and foreign investors an exit route. Around 24% of MCX is owned by foreign investors. While Fidelity holds 9%, Merrill Lynch and Citi own 5% each. The other investors include US-based Passport Capital (3%) and the UK-based fund GLG (2%). >>> Read More

Just in - MCX Denies IPO Plan

As per Reuters -The Multi Commodity Exchange of India Ltd (MCX) has no immediate plans to enter the market with an initial public offering, a top company official told Reuters.

“No, there are no immediate plans of this nature. The newspapers may have had some sort of a misunderstanding. It is not true,” Joseph Massey, deputy managing director, MCX, said over the telephone. >> Read Source

Eicher Motors signs JV with Volvo

Swedish giant Volvo bought into Eicher Motors Ltd (EML) and would invest $350 million in a new subsidiary that the two companies would set up.

Volvo and Eicher signed a Letter of Intent on Monday for a joint venture, with an enterprise value of $506 million, that will be a step-down company of EML. Eicher will transfer its commercial vehicles, components and engineering design services business to the new joint venture.

Meanwhile, Shares of Eicher Motors fell sharply on Monday soon after it announced a joint venture with AB Volvo as a step-down subsidiary. The share closed at Rs 477.30, down 12.49 per cent or Rs 68.15. It touched a 52-week high of Rs 599 before the announcement was made. The low for the day was Rs 442.30. Traded volume was 10,52,119 shares.

Silverline Technologies relisted on BSE

Dec. 7, 2007 - Silverline Technologies got re-listed on BSE on Thursday after its trading was suspended from November 13 in order to give effect to the reduction of capital and de-merger of its animation division.

The Rs 10-stock shot up to Rs 220 and finally closed at Rs 160.50, marking a 1,141 per cent gain over the last closing price of Rs 13 on the exchange. About 33-lakh shares changed hands.

Silverline Technologies has demerged its animation division into a separate unit. The new entity, Silverline Animation Technologies, will be listed on the BSE in two weeks. The equity of the new company has been valued at Rs 12 crore which is 4% of the parent company.

The animation company expects revenues of Rs 20-25 crore by the end of the first year. By 2010, the company is planning reach Rs 100 crore in sales.

The Rs 10-stock shot up to Rs 220 and finally closed at Rs 160.50, marking a 1,141 per cent gain over the last closing price of Rs 13 on the exchange. About 33-lakh shares changed hands.

Source Sify and DNA India

Check status of Edelweiss IPO allotment

Edelweiss Capital Limited IPO was oversubscribed by around 110.96 times (retail 17.2171 times).Edelweiss IPO Allotment Status is ready and you can check it here - Edelweiss IPO allotment

eClerx Services Ltd IPO Price band

The price band for eClerx Services Limited has been fixed at Rs 270 and Rs 315.

eClerx Services Limited, a provider of data analytics and customised process solutions to global enterprise clients from its offshore delivery centres in India, proposes to enter the capital markets with an initial public offering of equity shares of Rs 10 each through a 100 per cent book building proces

This Issue has been graded by CRISIL Limited and has been assigned the "IPO Grade 3/5" indicating average fundamentals, through its letter dated October 29, 2007.


The eClerx Services Limited IPO closes for subscription by investors on Friday - December 7, 2007.

The Equity Shares offered through this public issue are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").

Karvy Computershare Pvt Limited is the registrar to the issue. JM Financial Consultants Pvt Ltd and Edelweiss Capital Ltd are the book running lead managers to the issue.

Source : The Hindu

Mundra Port and Special Economic Zone Ltd shares listed today

Effective from November 27, 2007, the equity shares of Mundra Port and Special Economic Zone Ltd (Scrip Code: 532921) are listed and admitted to dealings on the Exchange in the list of 'B1' Group Securities.

Mundra Port and Special Economic Zone Ltd opened at Rs 770 on the NSE, up 75 per cent from its initial public offer price of Rs 440. On the Bombay Stock Exchange, it opened at Rs 1,100. The stock rules the chart with a turnover of 1767 crore.

The BSE benchmark Sensex on Tuesday fell by 184 points in the initial five minutes of trade on selling by funds due to renewed credit concerns in the global market.

Sensex Gains over 300 points

Just after the bell, the benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was up 318 points at 18,844.- The 30-share index, which had lost nearly 76 points yesterday, shot up by 331.42 points to 18,857.74 in the first five minutes of trade.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) was up 103 points at 5,623.

Gains in the Sensex Index were led by Larsen & Toubro Ltd, Reliance Industries Ltd and Icici Bank Ltd. Strong optimism among investors and firm Asian markets in current trades have helped the Indian market remain positive. The market may take a break from consecutive six-session losses. It had already witnessed a smart pullback towards Thursday's close, which is likely to help the sentiment turn positive.

However, foreign institutional investors (FIIs) remained net sellers of equities in the domestic market. On Thursday, US markets were closed due to the Thanksgiving holiday.

Sensex sheds 87 points

Mumbai, Nov 16 Sustained selling of stocks on the benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) led to a nearly 0.44 percent drop Friday.

Sensex shut shop at 19,698.36 points, down by 86.53 points.

The broader S&P CNX Nifty of the National Stock Exchange ended at 5,906.85 points, marginally down by 5.25 points or 0.09 percent.

After Thursday's loss of 144 points, the Sensex resumed 182 points lower at 19,603 but recovered by midmorning.

The major contributors to this recovery were public-sector oil refineries and oil marketing companies, which flared up on expectations of better gross refinery margins.

However, selling in select frontline stocks saw the Sensex zigzag between positive and negative territories for the better part of the day.

Indian markets continued to show their resilience and outperformed their Asian peers, which closed with deep cuts. Hang Seng ended down over four percent, followed by Nikkie down by two percent.

Among the sectoral indices, the BSE FMCG index flared up by 4.31 percent, the BSE capital goods index surged 2.61 percent, the BSE oil & gas index added 1.33 percent and the BSE auto index gained 0.66 percent.

Other sectoral indices were down around 0.5-1 percent each.

The BSE mid-cap and small-cap indices continued to outperform the market. The BSE mid-cap was plotting at 8,512.38 points, gaining 98.29 points or 1.17 percent. The small-cap index closed at 10,380.73, gaining 153.07 points or 1.50 percent.

The top gainers on the Sensex were ITC Ltd, which advanced 8.17 percent to Rs.205.15, Grasim moved up 5.87 percent plotting at Rs.3,831.45 and Dr. Reddy's scaled up 3.39 percent to Rs.620.35.

The top losers on the Sensex were Hindalco down 5.52 percent to Rs.203.80, Larsen & Toubro slid down 2.88 percent to Rs.4,375.85 and Ranbaxy was down 2.82 percent to Rs.411.70.

SBI MF plans a second equity-linked savings scheme

SBI Mutual Fund will launch a second equity-linked savings scheme called SBI Tax Advantage Fund Series-1. The asset management company had filed a draft prospectus with the Securities and Exchange Board of India last month.

“The assets under management (AUM) of our Magnum Taxgain scheme have grown quite big, so we decided to come out with a second ELSS,” said Syed Shahabuddin, the managing director and CEO of SBI Mutual Fund.

The AUM under the dividend option of Magnum Taxgain is Rs 3,022.75 crore and under the growth option it is Rs 145.79 crore.

Magnum Taxgain’s total AUM is the largest among all schemes of SBI Mutual Fund.

The scheme’s AUM was Rs 969.40 crore at the end of October last year. It has grown rapidly since then.

SBI Mutual Fund’s total AUM stood at Rs 26,593.57 crore as on October 30 this year against Rs 23,738.68 crore on September 30. >>Read More

Source - The Telegraph

Origin of the word "SENSEX"

It stands for passion, ambition, prosperity, foresight and risk. Hovering around 20,000, Sensex is one of the hottest Indian brands. Little did Deepak Mohoni know that his coinage Sensex would assume so much significance in the times to come.

An IIT and IIM pass-out, Mr Mohoni is the CEO of TrendwatchIndia and humbly admits that it was for reasons of clear simplicity that he abbreviated the word that went on to become a sensation. “I had to type two words for writing sensitive index. So for ease, I christened it Sensex for my columns in 1989,” says Mr Mohoni whose columns used to appear in publications.

While many feel that brand Sensex may be hottest brand these days, hotter even than any cricketer or film personality, until the mid 1990, no one except Mr Mohoni used the word Sensex....>> More

Source : Economic Times Nov. 8

Markets Positive today - Sensex rises over 200 pts

Nov. 7 - Indian markets opened on a strong note Wednesday on the back of strong cues from the global markets. Broad based buying was witnessed in early trade led by metal, capital good and power stocks.

Gains in the Sensex Index were led by Larsen & Toubro Ltd, Reliance Industries Ltd and Oil & Natural Gas Corp Ltd.Reliance Natural Resources Ltd, which rose 16.45 rupees to 195.00 rupees.

Among the top losers were Infosys down by 4.74 percent at Rs.1,764, Tatapower down by 4.72 percent at Rs.1,291 and Satyam Comp down 3.99 percent plotting at Rs.433.

Asian markets were trading higher. Hong Kong's Hang Seng surged 1.26 percent or 370.54 points to 29,808.67, Japan's Nikkei advanced 0.43 percent or 69.17 points to 16,318.80, Taiwan's Taiwan Weighted gained one percent or 92.78 points at 9,385.58, Singapore's Straits Times was up 0.47 percent or 17.26 points at 3,700.36 and South Korea's Seoul Composite gained 0.94 percent or 19.24 points at 2,073.48.

The Dow rose 117.54 points or 0.87 percent, to 13,660.94. The Standard & Poor's 500 index rose 18.10 points, or 1.20 percent, to 1,520.27, and the Nasdaq composite index rose 30 points or 1.07 percent, to 2,825.18. US indices bounced back in a late session rally on Tuesday helped by energy sector gains. While the Dow Jones advanced by 118 points to 13,661, the Nasdaq added 30 points to close at 2,825.

Stock market crash in Pakistan

Lawyers in different cities of Pakistan Monday staged violent protests against the imposition of emergency and removal of judges, while the Karachi stock exchange plummeted amid rumours that President Pervez Musharraf had been put under house arrest.

In the capital, there was an undeclared curfew around the Supreme Court (SC) building, parliament house, presidency, prime minister's secretariat and the diplomatic enclave where several foreign missions are located.

The entire leadership of opposition parties except for the Pakistan Peoples Party (PPP) remained under house arrest or were sent to different jails. PPP chief Benazir Bhutto, who had been in power-sharing talks with President Pervez Musharraf, was conspicuous by her silence. Unconfirmed reports said she was in Islamabad and held a meeting with Musharraf.

About 200 lawyers tried to stage a protest near the SC building but they were baton-charged and many of them were arrested. Hundreds of lawyers are already under house arrest or detained in police stations. They include Chief Justice Iftikhar Muhammad Chaudhry and about 60 other judges of the Supreme Court (SC) and four high courts. Human rights activists have also been detained.

The judges of the Supreme Court who had refused allegiance to Musharraf by refusing to take a new oath under the Provisional Constitutional Order (PCO) Saturday tried to reach the SC building Monday but were stopped by policemen at the exit points of the judges' colony.

President Musharraf in his capacity as chief of the army staff imposed emergency in the country Saturday and issued the PCO under which he authorised himself to amend the constitution.

He also issued two ordinances curbing media freedom and restricting activities of the electronic and print media.

Lahore saw the most violent protests by lawyers Monday, where police baton-charged their rally and also fired tear-gas shells. Reports said that many of the lawyers were arrested.

Some of the lawyers succeeded in getting into the Lahore High Court building and threw flower petals on rooms of the judges who have not taken oath under the PCO.

Because of complete ban on electronic media, citizens were depending on hearsay and SMS services. Mobile telephone companies offering news service also remained closed without giving any reason.

"We have closed our news service for the time being," a Mobilink customer services representative told IANS while similar statements were given by other cellular companies.

"When truth is not available rumours do take place," Country Director for Internews, Adnan Rehmat, told IANS while commenting on rumours around the country that Musharraf had been arrested and vice chief of army staff General Ashfaq Kiani had taken over.

The rumour had a huge impact on Pakistan's major stock index, which plunged Monday afternoon as a result. Investors in the Karachi Stock Exchange (KSE) dumped shares, pulling the KSE-100 index down by 4.7 percent to 13,265 at 2 p.m.

However, spokesman for Inter Services Public Relations Maj-Gen Arshad Waheed was quick to dispel the rumour, saying: "Some unscrupulous elements were spreading these rumours that are baseless and unwarranted."

In Karachi, no lawyer was allowed to enter the Sindh High Court building and several leading lawyers including the president of the Sindh Bar Association were arrested. Those arrested included Sindh chief justice Sabihuddin Ahmed's son, who refused to take oath under PCO.

Reports said Justice Ahmed tried to leave his house for the court but was not allowed to go out by the police. He, however, said in a statement that he was still chief justice of the Sindh High Court and all steps being taken under the garb of emergency were illegal.

"Police beat us ruthlessly when we came to the Sindh High Court building in the morning and arrested a few dozen of our colleagues," lawyer Akhtar Hussain said.

Reports from other major cities like Peshawar, Quetta, Multan and Faisalabad said that lawyers in these cities protested against the emergency and demanded immediate restoration of all judges of the Supreme Court and high courts.

Sensex crosses 19K

SEBI's decision on participatory notes has gone down well with overseas investors, who led the benchmark sensitive index (Sensex) of the Bombay Stock Exchange to a new high of 19,234 Friday morning.

At around noon, the Sensex was up by 446.22 points or 2.38 percent, plotting at 19,217.

The broader S&P CNX Nifty of the National Stock Exchange was up by 126.70 points or 2.28 percent at 5,700.

All key BSE indices were trading in the green. The market breadth was positive and trade volumes were also impressive.

The mid-cap and small-cap indices were among the star performers of the day by plotting a gain of 165.29 points or 2.13 percent. Around noon, the mid-cap index was trading at 7,916.22 points.

Among the top gainers on the Sensex were Reliance Energy at Rs.1,701 up 3.12 percent, Tata Steel at Rs.1,017.05 up 2.85 percent and ACC at Rs.1,090 up 2.71 percent.

Top losers on the Sensex were Dr Reddy's Labs at Rs.606.90 down 1.25 percent, Hindustan Unilever Ltd at Rs.219 down 0.68 percent and Wipro at Rs.494.70 down 0.33 percent.

Rules on I.Tax on Employee Stock Options framed

The Finance ministry on Tuesday announced the rules for valuing employee stock options for taxation purposes.

The government had proposed in the Budget charging fringe tax on the value of shares or sweat equity allotted to employees by a company free or at concessional rates.

But the tax authorities had not firmed the rules for valuation of such benefits so far.

The fair market value of stock options for tax computation will be the average of the opening and closing price of a firm's share on the day the option vests, Finance ministry Spokes person said in a statement on Tuesday.

"In a case where, on the date of the vesting of the option, the share in the company is listed on a recognised stock exchange, the fair market value will be the average of the opening price and closing price of the share on that date on the said stock exchange," it said.

Source: Reuters

Sensex see saws - Rupee Down

The benchmark Sensex plunged by 389 points in the opening trade on the BSE on Monday with funds turning a net sellers ahead of market regulator's decision on foreign funds inflow rallied into the positive territory to rallied into the positive territory to 17,667 a few minutes ago. few moments ago.

ICICI Bank Ltd., gained after its second-quarter profit rose 33 percent, beating analyst estimates.

Asian Markets fall
Asian markets declined on Monday after broad selling by exporters. Japan's Nikkei average tumbled 3.2 per cent to a four-week low, battered by a strong yen and a slide on Wall Street and the broader TOPIX index hit one-month low soon after the opening.


Rupee down

The rupee was at 39.895/39.905 a dollar from the previous close of 39.73/39.74, due to dollar demand in the opening deals.

Stock Markets Recover after assurances of FM

The Bombay Stock Exchange benchmark Sensex on Wednesday closed 336.04 points down, after recovering over 1,400 points from the day's low, as reassuring comments from the government and the market regulator lifted investors' sentiments. The 30-share Sensex settled at 18,715.82 points, down 1.76 per cent from the previous close. It had dropped by 1,744 points in intra-day trade.

The market recovered after assurances that the measures weren't aimed at foreign institutional investment but only at the PNs.

The Sensex had risen to dizzying heights in recent weeks, driven by a strong economy which has been attracting a massive flow of foreign funds.

Sensex crashes - falls over 1700 pts

The stock market benchmark Sensex today crashed by over 1700 points within minutes of opening, prompting suspension of trade for an hour a fallout of regulator Sebi's move to curb Foreign Institutional Investors.

The 30-share index, Sensex, tumbled to 17,307.90, a fall never seen before.

The fall forced the trading to be suspended for one hour on BSE.

The fall comes days after Finance Minister P Chidambaram expressed surprise at rising stock prices and hoped for things to cool down.The Finance Minister said that the SEBI’s proposed move to impose partial restrictions on investment through offshore derivative instruments, including participatory notes (PNs), equity linked notes and capped return notes - the key instruments used by foreign institutional investors (FIIs) to invest in India – were only meant to moderate capital inflows.

The National Stock Exchange's wide-based index Nifty also plunged 9.25 per cent to 5,658.90 points today.

Trading at India's stock exchanges was halted for one Hour after the benchmark index plunged eight per cent in early trading as the market regulator moved to curb buying by foreign funds.

Experts say that Markets are getting stabilized

Sensex crosses 19K

The Bombay Stock Exchange's benchmark 3--share Sensex crossed the 19000-point mark on Monday, just four days after touching the 18K point mark.

It is the fastest ever rally of a thousand points in its own history.

The push was led by five companies, which accounted for 60 percent of Monday's s growth. The companies were Reliance Industries Ltd, ICICI Bank, Rekliance Energy, Larsen and Toubro and ONGC.

The Sensex gained 594 points to touch a historic high of 19000 points at 2.50 p.m.

The above 19,000 barrier marked revival of funds-based buying in blue chip stocks in metal, capital goods and refinery segments. Read Complete News

The 30-share Sensex, which snapped a long rally by losing nearly 395 points on Friday, resumed its record setting journey.

The buying activity also picked up in capital goods and refinery stocks.

Marketmen said the current rally was supported by metal, refinery and capital goods stocks besides a major gain in Reliance pack of stocks belonging to both Ambani brothers.

Sensex Gains over 400 pts - Foreign Funds inflow

Sensex Zooms over 514 points by noon

Share Market in India opened higher, after a bad Friday, buoyed by gains on Wall Street and helped by all-round purchases from foreign funds.

Domestic sentiment was also boosted with the improving mood in other Asian markets. Most Asian markets, which were trading mixed, had moved into positive territory.

Information technology stocks remain somewhat subdued even as stocks from other sectors are having a nice ride up the charts today.

Banking shares rose on hopes that demand for loans will increase during the Indian festival season, which got under way last week.

The buying activity also picked up in capital goods and refinery stocks. Marketmen said the current rally was supported by metal, refinery and capital goods stocks besides a major gain in Reliance pack of stocks belonging to both Ambani brothers.

SBI reduces interest rates for new Home Loans Car loans

Mumbai, Oct 10 India's largest public sector bank, the State Bank of India (SBI) Wednesday announced cut in interest rates on new loans for homes, automobiles and farm equipment as a festival season offer that runs till Dec 31 this year.

Home loan rates were lowered by 0.50-1.0 percent, depending on loan maturities and amount of loan. The bank is also offering a discount if the borrower has a salary account with it.

Interest rates for loans for cars and two-wheelers have been reduced by up to 1.0 percent, depending on the amount and maturity of loan. New car loans are now available at 11-12 percent.

Personal loans are also cheaper by 0.50 percent to 1 percent. The bank is also offering 50 percent concession in processing charges for personal loans.

The proposed rates are applicable to all new loans sanctioned on or after Oct 8 and are valid up to Dec 31, said a bank statement.

SENSEX crosses 17000 points

Sept. 25 -

India's benchmark stock index crossed 17,000 for the first time Wednesday, having gained more than 1,000 points since the U.S. Federal Reserve cut its key interest rate more than expected last week.

The markets continued their upward march on Wednesday with the benchmark index hitting the 17,000 mark in opening moves.

This is the shortest time that the Sensex has taken to cover 1,000 points. It has taken just five trading sessions for the Sensex to hit 17k from 16k levels.

Read Latest Head lines on Sensex at 17 K

Sensex crosses record 17K level - Times of India
Sensex crosses record 17K level Times of India, India - 18 minutes ago MUMBAI: The benchmark Sensex covered 1000- point journey in the shortest span of six trading sessions, crossing the 17000 -point mark in the early trade ...
Publ.Date : Wed, 26 Sep 2007 05:16:18 GMT

Indian Benchmark Stock Index Hits 17000 - Forbes
Indian Benchmark Stock Index Hits 17000 Forbes, NY - 27 minutes ago The Bombay Stock Exchange's 30-share Sensex rose 0.7 percent to 17013 points as trading opened Wednesday, led by gains in banking and technology shares. .....
Publ.Date : Wed, 26 Sep 2007 05:07:40 GMT



D-Street on on fire: Sensex crosses 17000 - Livemint
D-Street on on fire: Sensex crosses 17000 Livemint, India - 33 minutes ago New Delhi: The markets were on a roll today with the 30-share benchmark index of the Bombay stock exchange crossing the 17000 mark for the first time i...


Bulls on rampage, Sensex hits 17k - NDTV.com
Hindu Bulls on rampage, Sensex hits 17k NDTV.com, India - 31 minutes ago It has taken just five trading sessions for the Sensex to hit 17k from 16k levels. At 17000 levels, the Sensex is trading at a PE multiple of 22....

Indian Sensex Crosses 16000 for the First Time

Indian shares at record high after Fed rate cut - Forbes
Indian shares at record high after Fed rate cut Forbes, NY - 1 hour ago MUMBAI (Thomson Financial) - Indian shares jumped over 400 points to a record high early today, with the benchmark Sensex crossing the 16000 mark for the ...

India's Sensex Tops 16000 for First Time After Fed Cuts Rates - Bloomberg
India's Sensex Tops 16000 for First Time After Fed Cuts Rates Bloomberg - 59 minutes ago The Bombay Stock Exchange's Sensex , rose 426.81, or 2.7 percent, to a record 16095.93 as of 10:50 am local time. The index surpassed ...

Indian shares cross key 16000 point level - AFP
AFP Indian shares cross key 16000 point level AFP - 1 hour ago MUMBAI (AFP) — India's benchmark Sensex index soared above the key 16000 -point level in early trade Wednesday as Asian markets surged after the US Federal ...

Sensex breaks 16000 with 400+ gain in morning trade - Mera Bilaspur
Sensex breaks 16000 with 400+ gain in morning trade Mera Bilaspur, India - 1 hour ago Sensex has breached the 16K barrier within minutes of opening today to reach a life-time high of 16117. Riding the US Fed funds rate and dis...

Markets Open Sharply Higher; Sensex Breaches 16000 Mark - Indian ... - RTT News
Markets Open Sharply Higher; Sensex Breaches 16000 Mark - Indian ... RTT News, NY - 1 hour ago The Sensex breached the all-time high of 15868.85 hit on July 24, 2007 and touched the 16000 mark for the first time. In early ...

Sensex hits 16k on Fed rate cut - NDTV.com
Sensex hits 16k on Fed rate cut NDTV.com, India - 2 hours ago The markets opened firm on Wednesday with the benchmark index making a new high and breaching 16000 levels on global cues. In the broader markets, ...

Sensex touches 16k: SBI, HDFC Infosys lead - Economic Times
Sensex touches 16k: SBI, HDFC Infosys lead Economic Times, India - 1 hour ago MUMBAI: A historic day for Indian equities – the Sensex crossed 16000 a few minutes into the session. The move was triggered by a rally in global ...

Indian shares jump to new high as Sensex crosses 16000 - Khabrein.info
Sahara Samay Indian shares jump to new high as Sensex crosses 16000 Khabrein.info, India - 30 minutes ago Mumbai, Sep 19 (IANS) Indian shares jumped to a new high Wednesday with the key Sensex index surging past the 160...

Sensex surges past 16000 mark - Times of India
Hindu Sensex surges past 16000 mark Times of India, India - 1 hour ago Bombay Stock Exchange’s Sensex kissed the 16000 mark. FIIs were net buyers of equity worth Rs 23.38 crore on Tuesday while domestic institutional...

Sensex may touch 15k before 16k: Experts - Moneycontrol.com (press release)
Sensex may touch 15k before 16k: Experts Moneycontrol.com (press release), India - 15 Sep 2007 Sensex may go back to 15000 before touching 16000 says Pashupati. He further adds that markets expect a 25bps cut by Fed. Prabhat Aw...

New MF - JM Financial launches fixed-term debt fund

Equity/bond markets affect balanced funds - Business Standard
Equity/bond markets affect balanced funds Business Standard, India - 15 hours ago Ved Prakash Chaturvedi, managing director of Tata Mutual Fund , said, “Since the stock markets as well as debt markets have been quite choppy this season,


For golden years post-retirement, invest abroad - Sify
For golden years post-retirement, invest abroad Sify, India - 2 hours ago Their choices -- if any -- were limited to a handful of international mutual funds and big global companies with shares trading in New York.


JM Financial launches fixed-term debt fund - Economic Times
JM Financial launches fixed-term debt fund Economic Times, India - 3 hours ago The fund house managed assets worth about Rs 4100 crore at the end of August, data from Association of Mutual Funds in India showed.

Sensex Gains 172 Point - (Sept. 18)

The benchmark Sensex surged over 164 points on the Bombay Stock ... - India Daily
The benchmark Sensex surged over 164 points on the Bombay Stock ... India Daily, NJ - 15 minutes ago The Sensex , which commenced the day with a moderate loss, surged by 164.69 points to 15669.12. It touched the day's high of 15691.88 and a low of 15468.80 ...

Sensex moves up as banks, refiners gain the most - Hindu
Press Trust of India Sensex moves up as banks, refiners gain the most Hindu, India - 30 minutes ago 18 (PTI): The benchmark Sensex surged over 164 points on the Bombay Stock Exchange today on funds buying in heavy-weight stocks in the banking and capital ... Sensex loses 36 points in early trade Hindustan Times Sensex recovers initial losses in late morning deals Hindu Late selling reverses trend, Sensex loses 100 points Hindu Livemint - Economic Times all 27 news articles

Sensex up by 172 pts - Sify
Business Standard Sensex up by 172 pts Sify, India - 1 hour ago The Sensex has now jumped to 15676.59, up 172.16 points or 1.11% over yesterday's closing mark. At 4551.55, the Nifty has gained 1.27% or 56.90 points. ... Sensex rises 52 pts as blue chips rally Sify Sensex up 37 pts in volatile trade @ 10:12 hrs Sify Sensex tumbles 99pts as bluechips falter at close Sify Sify - Sify all 36 news articles

Markets Gain Today on Global cues

SENSEX REGAINS STRENGTH ON GLOBAL CUES - Trading Markets
SENSEX REGAINS STRENGTH ON GLOBAL CUES Trading Markets, CA - 4 hours ago A long upward march during this fortnight ending September 15 was the longest one-way journey in this year as some of the heaviest on the indices surged to ...

India's Sensex Has Biggest Drop in a Month; Subex Azure Falls - Bloomberg
India's Sensex Has Biggest Drop in a Month; Subex Azure Falls Bloomberg - 21 hours ago Nifty futures for September delivery declined 0.6 percent, to 4483.90. ``Subex cutting its estimates seems to have caused some nervousness amo...

Sensex Edges Lower, Motilal IPO Surges - 123Jump.com
Sensex Edges Lower, Motilal IPO Surges 123Jump.com, FL - 11 Sep 2007 Japan machinery orders jump 17 % in August. Ministries want 88.9 trillion yen for 2008 budget. Stocks in Tokyo recovered from Monday losses on increased ...

Markets May Reveal Volatility Ahead Of Tuesday's Interest Rate ... - RTT News
Markets May Reveal Volatility Ahead Of Tuesday's Interest Rate ... RTT News, NY - 19 hours ago India's Sensex surrendered its early gains and declined steadily over the course of the session. The index ended down 99.37 ...

FIIs turn net buyers in September - Business Standard
FIIs turn net buyers in September Business Standard, India - 14 Sep 2007 "Fearing yet another market correction, investors want to book profits as the Sensex has bounced back over 1800 points (from 13779 on 17 August). ....

Markets gain; smallcap index outperforms
Moneycontrol.com, India -
BSE Small cap and Midcap index are outperforming today. At 1.20 pm, the Sensex is up 89.76 points or 0.58% at 15594.19, and the Nifty up 36.20 points or ...

Mutual Fund India Latest Headlines

A basket of goodies - What Investment
What Investment A basket of goodies What Investment, UK - 8 hours ago According to SPA ETF Europe's James Oates, new entrants to the ETF market are set to give the more esta...

Greater flexibility through funds - Business Standard
Greater flexibility through funds Business Standard, India - 16 hours ago Yes, NRIs are allowed to invest in mutual funds in India . The cheques can either be drawn on your FCNR...

Huge redemption in MF debt schemes; equity funds hold fort - Economic Times
Huge redemption in MF debt schemes ; equity funds hold fort Economic Times, India - 16 Sep 2007 The equity funds recorded an inflow of close to Rs 8000 crore, according to data ...

Panel to work out roadmap for Saarc development fund - The Tribune
Panel to work out roadmap for Saarc development fund The Tribune, India - 15 Sep 2007 by KR Wadhwaney by AN Shanbhag Q: Under which section income (long term and short term) from ...

Sahara plans two new mutual funds in UP - Business Standard
Sahara plans two new mutual funds in UP Business Standard, India - 11 Sep 2007 Sahara Mutual Fund (SMF), the mutual fund arm of Sahara India Parivar, is set to gear up its ac...

SEBI in News Sept. 17

Brigade files IPO papers with SEBI - Economic Times
Brigade files IPO papers with SEBI Economic Times, India - 13 minutes ago MUMBAI: Brigade Enterprises, a Bangalore-based real estate company, has filed papers for its initial public offering with the Securities & Exchange Board of ...
Publ.Date : Mon, 17 Sep 2007 11:48:35 GMT

United Phosphorus to raise $500mn - Business Standard
United Phosphorus to raise $500mn Business Standard, India - 2 hours ago ... the board also approved a proposal to raise further equity by way of preferential issue of 3.12 crore warrants to the promoters as per Sebi guidelines.
Publ.Date : Mon, 17 Sep 2007 09:54:46 GMT

SEBI open to hedge funds - The Statesman
SEBI open to hedge funds The Statesman, India - 4 hours ago All we are telling them is if you want to come here, come through the front door,” SEBI chairman Mr M Damodaran said. “Hedge funds started as a normal class ...
Publ.Date : Mon, 17 Sep 2007 07:48:43 GMT

Bourses lure small cos with lucrative offers - Economic Times
Bourses lure small cos with lucrative offers Economic Times, India - 12 hours ago According to sources, BSE had already submitted its proposal to the Securities and Exchange Board of India ( Sebi ) and is ready to dole out lucrative ... Reviving small exchanges Economic Times all 3 news articles
Publ.Date : Sun, 16 Sep 2007 23:40:33 GMT

SEBI proposal to waive entry load - Economic Times
SEBI proposal to waive entry load Economic Times, India - 15 Sep 2007 The Securities and Exchange Board of India ( SEBI ) has proposed to waive the 'entry load' for investors making direct applications in mutual fund schemes. ... Relationship managers feel the heat of entry-load removal Moneycontrol.com all 3 news articles
Publ.Date : Sun, 16 Sep 2007 00:35:01 GMT

Tata Sons to make open offer for 28 pc stake in TICL - Economic Times
Tata Sons to make open offer for 28 pc stake in TICL Economic Times, India - 13 minutes ago This price is also higher than the minimum price of Rs 439 computed on the basis of the relevant SEBI pricing formula under the regulations. ...
Publ.Date : Mon, 17 Sep 2007 11:48:32 GMT

Brigade Enterprises files papers for IPO - Business Standard
Brigade Enterprises files papers for IPO Business Standard, India - 2 hours ago ... and hospitality properties, has filed its draft red herring prospectus with the Sebi to enter the capital market with its initial public offering (IPO). ...
Publ.Date : Mon, 17 Sep 2007 09:35:39 GMT

Bombay Stock Exchange Headlines

Sensex vaults 122 pts in on buying support (Indian Express via Yahoo! India News)
The Bombay Stock Exchange (BSE) benchmark Sensex on Monday jumped by 122 points during morning session on revival of buying support after reports of settlement of the crisis at UK-based mortgage lender Northern Rock that led to heavy selling on Friday. The 30-share index opened firm at 15,664.74 and later touched a high of 15,726.06 in the initial 30 minutes of trading, up 122.26 points over ...
Publ.Date : Mon, 17 Sep 2007 06:11:06 GMT

Sansui Software Pvt. Ltd. (Press Trust of India)
Mumbai, Sep 17 (PTI) The Bombay Stock Exchange (BSE) benchmark Sensex today jumped by 122 points during morning session on revival of buying support after reports of settlement of the crisis at UK-based mortgage lender Northern Rock that led to heavy selling on Friday.
Publ.Date : Mon, 17 Sep 2007 05:48:45 GMT

Small-cap and mid-cap scrips outshine the Sensex last week (Deepika)
Mumbai, Sep 15 (UNI) The Bombay Stock Exchange (BSE) Sensex rose 13.38 points or 0.09 per cent to settle at 15,603.80 in the week ended September 14, yesterday.
Publ.Date : Sat, 15 Sep 2007 17:36:14 GMT

V-C's bluechip idea: invest university corpus in stock market (Indian Express via Yahoo! India News)
Earlier this year, when Mumbai University Vice-Chancellor Vijay Khole had proposed that the university get itself listed on the Bombay Stock Exchange, the idea was seen as way ahead of its time. But it now seems that slow steps in that direction are being considered by the University Grants Commission (UGC) itself: one of the suggestions that came up on Friday during the ongoing ...
Publ.Date : Fri, 14 Sep 2007 21:13:47 GMT

Sensex closes above 15K (Central Chronicle)
Mumbai, Sept 14: The Bombay Stock Exchange benchmark Sensex failed to hold on to its early gain on Friday and ended lower by 10 points on fag-end profit booking by funds.
Publ.Date : Fri, 14 Sep 2007 17:08:00 GMT

Sensex vaults 122 pts in on buying support (PTI via Yahoo! India News)
Mumbai, Sep 17 (PTI) The Bombay Stock Exchange (BSE) benchmark Sensex today jumped by 122 points during morning session on revival of buying support after reports of settlement of the crisis at
Publ.Date : Mon, 17 Sep 2007 06:01:48 GMT

Sensex up by 106 points in early trade (Hindustan Times)
The benchmark index gained nearly 106 points in early trade on the Bombay Stock Exchange on Monday on heavy buying by foreign as well as domestic funds in blue-chip stocks.
Publ.Date : Mon, 17 Sep 2007 05:38:30 GMT