FIIs were net sellers of Rs 1,589.90 cr in cash on Monday
Foreign Institutional Investors (FIIs) were net sellers of Rs 1,589.90 crore (provisional) in the cash segment on Monday, according to the information posted on the SEBI website. While FIIs made gross purchases of Rs 2,856.30 crore, their gross sales amounted to Rs 4,446.20 crore.
As per the data posted on the BSE website, Domestic Institutional Investors (DIIs) were net buyers of Rs 30.25 crore (provisional) on the same day. While DIIs made gross purchases of Rs 1,405.92 crore, their gross sales aggregated Rs 1,375.67 crore. Read more
Stocks reel under selling pressure from across all sectors
Local equity markets are witnessing intense selling pressure from across all sectors on back of weak global cues. All Asian markets are trading in the negative terrain with Shanghai Composite declining by more than 4% and Jakarta Composite shedding around 3%. Moreover, most of the other Asian indices declined by more than one percentage point on the US SEC’s (Securities and Exchange Commission) fraud charges against Goldman Sachs. Back home, all sectors in the broader indices are trading in the red with Metal segment losing around 2.3%, followed by Oil & Gas, Power, Auto and Realty that also lost more than one percentage point. Adding to woes is the Downgrade of Indian Equities by Morgan Stanley to EqualWeight.
Coupled with the global events, RBI’s looming liquidity tightening measures Read more
Nifty closes above 5300 – New High
The S&P CNX Nifty advanced 30.10 points or 0.57% to 5,312.10. The index touched a high and a low of 5,329.55 and 5,242.15, respectively.
The major gainers on the Nifty were Hindalco up 3.61%, Reliance Power up 3.29%, Ambuja Cement up 2.60%, Sterlite Industries up 2.32% and HDFC up 2.10%. The major losers on the index were Infosys down 1.97%, TCS down 1.40%, Tata Motors down 0.97%, ABB down 0.85% and Cipla down 0.81%. Read more
JSW Energy Trading just 2.5% above IPO Price – Powerless Listing
JSW Energy which raised money in the capital market last month listed on the bourses today and is trading at Rs 102.50, just 2% above the IPO issue price of Rs 100. Experts on Dalal Street had AVOIDED the issue since the price range during the IPO was Rs 100 to Rs 115 and had the management issued it at the upper band like all others did, then it would have been trading at 10% discount. Read more
Hindustan Construction bags order from Indian Strategic Petroleum Reserves
Hindustan Construction Company (HCC) has informed us in a message that the company just a while ago received a prestigious contract worth Rs 374.66 crore from Indian Strategic Petroleum Reserves (ISPRL), New Delhi.
The company has bagged the order for construction of civil works for an underground rock caverns for Strategic Storage of Crude Oil Project at Padur in Karnataka. The project will be completed in 3 years.
HCC is already constructing India’s first strategic crude oil storage of 1.33 million tonnes capacity in Vishakhapatnam, Andhra Pradesh.
Nifty closes below the 5000-mark; RIL slips 2.77%
Domestic equity markets witnessed heavy selling in the last hour of trade on Friday which resulted in the National Stock Exchange’s (NSE) 50-share Nifty shutting shop below the psychological mark of 5000. After spending most part of the day in a tight range markets came under pressure in late afternoon trades on concerns over likely monetary tightening measures by the Reserve Bank of India (RBI). Weak Asian markets also weighed on sentiments in trade. Investors opted to take some profit off the table ahead of the holiday season, which starts next week. Sell-off was led by realty, oil & gas and banking sector stocks while selective buying was witnessed in healthcare, consumer durables and auto shares. Read more
Massive Corruption by Petroleum Ministry under Congress Led Government
The Petroleum Ministry headed by Sri Murli Deora [Acting as an Agent of Reliance Industries] will betray to all Indians a sum of Rs 30,000 crore and help make on company RIL a super-normal profit of Rs 50,000 crore and th Government getting only Rs 500 cr of the KG Basin Gas.
All the elected representatives / MPs seem to be involved in this scam as they are quiet and none of them want to raise the issue. Send in your comments to FixGas@gmail.com
FIIs net sell of Rs 126 cr (prov) in the cash segment on Friday
Foreign institutional investors (FIIs) were net sellers of Rs 126.10 crore (provisional) in the cash segment on Friday, as per information posted on the BSE website. While FIIs made gross purchases of Rs 1,535.22 crore, their gross sales amounted to Rs 1,661.32 crore.
Domestic institutional investors (DIIs) were net buyers of Rs 443.74 crore (provisional) on the same day. While DIIs made gross purchases of Rs 1,220.88 crore, their gross sales stood at Rs 777.14 crore.
FIIs made gross purchases of Rs 2,954.80 crore and gross sales of Rs 2, 017.60 crore on Friday, August 14, 2009, as per SEBI data, to emerge as net buyers of Rs 937.20 crore on that day.
Falling consumer sentiment Pulls down American Markets & Indian GDRS
The US markets finally gave up on Friday after the Reuters/University of Michigan index of consumer sentiment fell significantly short of expectations for the first part of August. The weak consumer sentiment data fueled concerns about the strength of an economic recovery and the major indices declined by about 1%. Stocks fell across the board, with the biggest losses among financial, energy and material companies – industries that posted some of the biggest gains in recent days. Investors also sold off oil and other commodities and moved their money into the relative safety of the dollar and government bonds. Read more
Kotak Securities launches global trading platform
Kotak Securities has launched a global trading platform — Kotak Trader — for Indian investors in association with Saxo Capital Markets, a subsidiary of Denmark’s Saxo Bank.
The platform will provide direct access to equities, exchange traded funds and real estate investment trusts in 24 stock exchanges across USA, Europe, Asia and Australia.
Besides it will also provide the investor with transparent pricing, real-time streaming news, data analysis system, recommendations and research reports on sectors and stocks.
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