IPO - Lovable Lingerie
Tuesday, March 08, 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
8/3/2011 512535 Asahi Infra BASMATI SECURITIES PRIVATE LIMITED B 773194 11.94
8/3/2011 512535 Asahi Infra JMP SECURITIES PVT LTD B 343087 12.23
8/3/2011 512535 Asahi Infra BASMATI SECURITIES PRIVATE LIMITED S 450187 12.28
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
08-MAR-2011,AMBIKCO,Ambika Cotton Mills Limit,AMIT JASANI FINANCIAL SERVICES PVT. LTD.,BUY,44990,199.75,-
08-MAR-2011,CMAHENDRA,C.Mahendra Exports Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,405162,236.81,-
It was a good day for the market as benchmark indices gained more than a percent, thereby recovering most of the yesterday's losses. Sensex gained 217 points to close at 18440 while Nifty ended at 5521, up 58 points. BSE mid-cap and small-cap indices gained 1% and 0.8% respectively. Software stocks were the leaders for the day followed by metal and banking shares. European markets were trading almost flat while US stock futures were modestly higher.
Nifty March 2011 futures were at 5,537.15, at a premium of 16.35 points over spot closing of 5,520.80. Turnover in NSE's futures & options (F&O) segment dropped to Rs 90894.24 crore from Rs 117102.32 crore on Monday, 7 March 2011.
Most of the indices advance amid impressive intraday bounce
Asian markets recovered on bargain hunting today though the overwhelming worries on the Libyan turmoil continued to stir the broad market sentiments. The overnight cues were weak with the US stocks stumbling on soaring crude oil prices, which raised concerns about a further continuation of the current economic recovery. WTI Crude oil topped highs above $105 per barrel, continuing to grab headlines amid ongoing unrest in key oil suppliers in the Middle East and North Africa. The Dow dropped by fell by 79.85 points or 0.7% to close at 12,090.03.
Promoted by Vinay Reddy, Lovable Lingerie (LLL) is headquartered in Mumbai and was incorporated in 1987. Initially named as Hyno Knit Private Limited, the company was renamed as Lovable Lingerie in 1995 and was converted to public limited company in February 2010. With flagship brands "Lovable" and "Daisy Dee", LLL is one of the leading women Innerwear manufacturers in India, with product basket covering brassieres, panties, camisoles, home wear, shape wear, foundation garments and sleep wear products.
The key benchmark indices recovered after Monday's (7 March 2011) 1.43% slide as global equities cheered mild decline in crude oil prices from a 29-month high and as political worries eased after the Dravida Munnetra Kazhagam (DMK) on Monday put on hold the resignation of its six ministers from the Congress-led UPA government at the Centre. DMK is a key ally of the UPA government, with 18 seats in the Lok Sabha. The BSE 30-share Sensex was up 216.98 points or 1.19%, up close to 170 points from the day's low and off close to 30 points from the day's high.
GAIL has been told to reduce it by 6%, instead of getting the 53% rise in rates it had sought for supply along the 581 km Dahej-Uran/Dabhol-Panvel pipeline. (BS)
The first coal-bed methane gas produced from Raniganj block is commanding a 67% premium over the price of RIL’s KG-D6 gas. (ET)
United Phosphorus to acquire a 50% stake in Sipcam Isagro Brazil for an undisclosed amount. (ET)
After cheering the Budget last week, the Indian market resumed their southbound journey amid fresh trouble for the UPA II regime. Sentiment was also hit by a fresh spike in crude oil amid continued violence in Libya and other parts of the Middle East.
The market witnessed a gap down opening after the DMK said that it was withdrawing its ministers from the Cabinet, ostensibly on differences over seat-sharing for the upcoming TN assembly polls.
"Peace is not the absence of conflict, but the ability to cope with it" – Anonymous.
After giving markets the government and the market some jitters, it seems like there could well be peace between the estranged UPA coalition partners – the Congress and the DMK. The sentiment will improve if indeed they decide to amicably settle their differences. The sooner it happens the better it would be for all concerned parties, including of course the market.
Prices continue to soar as Libyan turmoil continues
Oil prices continued to soar on Monday, 07 March 2011 but finally settled well below its intra day high at Nymex. Prices continued to climb up as turmoil in the Middle East, especially in Libya, an important oil port, continued.
Prices move up as crude soars triggering inflationary fears
Precious metal prices rose substantially on Monday, 04 March 2011 at Comex. Rising crude oil prices increased fears of inflation thereby enhancing the appeal of bullions as alternate investment. Prices also rose as dollar pared its initial gains partly.
The market is likely to open lower on rising uncertainty between the fate of the DMK and the UPA alliance. Global cues were mixed-to-negative with Asian markets trading slightly higher today, 8 March 2011 while US markets ended lower on Monday, 7 March 2011. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 22.50 points at the opening bell. As per provisional figures, foreign funds sold shares worth Rs 82.24 crore and domestic funds bought shares worth Rs 45.57 crore on Monday, 7 March 2011