160 to 175
26 to 27
Paramount Print Packaging
32 to 35
Servalakshmi Paper Ltd.
27 to 29
Monday, April 18, 2011
Aditya Birla Chemicals buys Kanoria Chemicals’ Chloro Chemicals unit for Rs8.3bn. (BL)
Gas output from the Panna-Mukta and Tapti fields, owned jointly by the BG Group, Reliance and ONGC, has fallen by about 30%. (ET)
ONGC Videsh has signed definitive agreements with KazMunaiGas, the national oil company of Kazakhstan, for acquiring a 25% participating interest in the Satpayev exploration block. (BL)
The BSE Sensex ended at 19,386 sliding 310 points. While, NSE Nifty fell by 96 points to close at 5,814.
The Indian market ended near day's low on Friday after IT bellwether Infosys' quarterly results came in below expectations. The stock plunged ~10% post its results. The BSE IT index was down over 6% as other software stocks also fell sharply. Realty was the other big loser.
Without the capacity to provide its own information, the mind drifts into randomness. - Mihaly C.
The Indian market was hit by a triple whammy last week with IIP, Infosys and Inflation disappointing investors. It was a truncated week. So, in a sense the market may have got away with only a marginal damage. This week too there will be a public holiday on account of Good Friday. The undertone remains a wee bit shaky even as FII inflows have started to ebb and earnings keep rolling in.
The market may open in the green tracking firm Asian stocks which took in their stride China's hike in banks' required reserves on Sunday, 17 April 2011. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 13 points at the opening bell. India's second largest private sector bank by net profit HDFC Bank announces Q4 result today.
Foreign institutional investors (FIIs) sold shares worth Rs 253.43 crore and domestic institutional investors (DIIs) sold shares worth Rs 360.87 crore on Friday, 15 April 2011, provisional data released by the stock exchanges showed.
The Indian markets may resume the holiday-shortened week on a subdued note tracking the marginally higher Asian indices.
Headlines for the day:
Tata Group to invest Rs1.2 lakh crore in 5 yrs
Sterlite to double copper-smelting plant in Tuticorin
SBI to make loans dearer, others to follow suit
The largest Gold Financing Company in India
The company has long operating history, sound financials and solid track record, but valuation presumes continuation of high growth which can get constrained due to regulatory changes and increasing competition
Muthoot Finance is the largest gold financing company in India in terms of loan portfolio, according to IMaCS Industry Report (2010 Update). The company provides personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.