Indian shares are likely to open negative
Indian markets are likely to open negative, taking cues from global markets. Asian stocks extended losses on Tuesday, as US stocks slumped to a 12-year low, with investors growing increasingly nervous about the health of the global financial system. The rupee is expected to fall on Tuesday as steep falls in global stock markets raise concerns of more capital outflows from the stock market, but the central bank is expected to intervene to check any sharp fall.
FII net sellers of Rs 201 cr in cash market on Friday
Foreign institutional investors (FIIs) were net sellers of Rs 201.17 crore (provisional) in the cash market on Friday, as per the information posted on the BSE website. While FIIs made gross purchases of Rs 956.27 crore, their gross sales amounted to Rs 1,157.44 crore.
Domestic institutional investors (DIIs) were net buyers of Rs 167.18 crore (provisional) no the same day. While DIIs made gross purchases of Rs 742.66 crore, their gross sales stood at Rs 575.48 crore.
FII net sellers of Rs 363 cr in cash segment on Thursday
Foreign institutional investors (FIIs) were net sellers of Rs 363.48 crore (provisional) in the cash segment on Thursday, according to data available on the BSE website. While FIIs made gross purchases of Rs 809.57 crore, their gross sales stood at Rs 1,173.05 crore.
Domestic institutional investors (DIIs) were net buyers of Rs 108.44 crore (provisional) on the same day. While DIIs made gross purchases of Rs 578.54 crore, their gross sales aggregated Rs 470.10 crore.
FII net sellers of Rs 288 cr in cash segment on Wednesday
Foreign institutional investors (FIIs) were net sellers of Rs 288.45 crore (provisional) in the cash segment on Wednesday, according to data appearing on the BSE website. While FIIs made gross purchases of Rs 960.41 crore, their gross sales aggregated Rs 1,248.86 crore.
Domestic institutional investors (DIIs) were net buyers of Rs 102.34 crore (provisional) on the same day. While DIIs made gross purchases of Rs 525.58 crore, their gross sales stood at Rs 423.24 crore.
FIIs were net sellers of Rs 486.20 crore on Tuesday, February 17, according to SEBI data. While FIIs made gross purchases of Rs 1,132.60 crore, their gross sales amounted to Rs 1,618.80 crore.
Mutual funds (MFs) bought stocks worth Rs 164.30 crore and offloaded equities worth Rs 647.70 crore, thus emerging as net sellers of Rs 483.40 crore on Tuesday.
Tata Teleservices (Maharashtra) – To launch GSM services by Q2 FY’10
Key Highlights
- The company has increased its network coverage to 127 towns and 317 BTSs in the quarter review, taking the total to 939 towns and 2367 BTSs. The average tenancy of the company stood at 1.3.
- The company has increased its total subscriber base to 6.64 millions at the end of YTD Dec’08 from 5.08 millions at the end of FY08.
- As on 31st December’08, the wireless EOP market share stood at 13.9% and Wireless Incremental Market share clocked at 14.8%.
- The wireless ARPU of the company on Q-o-Q basis declined by 7% to Rs 196 and the average minutes of usage per user also dipped to 250 minutes from 260 minutes in Q2 FY09. The rate per minute declined to Rs 0.79 compared to Rs 0.81 in Q2FY’09.
- The average revenue per user (ARPU) on a Q-o-Q basis has decreased by 9% to Rs 1156 for wireline services.
- Customers of Wire line services are stood at 489000.
- Balance Sheet data as on 31st December’08: Gross Debt: Rs 3096 crore, Cash & equivalents Rs 27 crore: Gross Block is Rs 4654 crore.
- The decline in growth in sales is due to less number of working days in the October and November months in Mumbai.
- Two of its big clients (Indian hotels and Oberoi hotels) has been affected due to terrorist attack which affected the revenues from Enterprise segment.
- 90% of FCCB are converted and remaining will be converted in June 2009.
- Capex for FY’09 is Rs 850 crore of which Rs 500 crore has already been spent in nine months of current fiscal.
- Expects to launch GSM services by Q2 FY’10.
FIIs net sellers of Rs 185 cr in cash on Thursday
Foreign institutional investors (FIIs) were net sellers of Rs 185.32 crore (provisional) in the cash segment on Thursday, according to information posted on the BSE website. While FIIs made gross purchases of Rs 891.64 crore, their gross sales stood at Rs 1,076.96 crore.
Domestic institutional investors (DIIs) were net buyers of Rs 84.37 crore (provisional) on the same day. While DIIs made gross purchases of Rs 517.12 crore, their gross sales amounted to Rs 432.75 crore.
FII net sellers of Rs 35 cr in cash market on 11th
Foreign institutional investors (FIIs) were net sellers of Rs 34.76 crore (provisional) in the cash mart on Wednesday, according to information available on the BSE website. While FIIs made gross purchases of Rs 903.24 crore, their gross sales aggregated Rs 938 crore.
Domestic institutional investors (DIIs) were net sellers of Rs 75.27 crore (provisional) on the same day. While DIIs made gross purchases of Rs 472.96 crore, their gross sales amounted to Rs 548.23 crore.
FIIs net buyers of Rs 369 cr in cash segment on Tuesday
Foreign institutional investors (FIIs) were net buyers of Rs 368.96 crore (provisional) in the cash mart on Tuesday, as per information available on the BSE website. While FIIs made gross purchases of Rs 1,688.12 crore, their gross sales amounted to Rs 1,319.16 crore.
Domestic institutional investors (DIIs) were net sellers of Rs 116.99 crore (provisional) on the same day. While DIIs made gross purchases of Rs 471.52 crore, their gross sales aggregated Rs 588.51 crore.
FIIs net buyers of Rs 285 cr in cash segment on Monday
Foreign institutional investors (FIIs) were net buyers of Rs 285.39 crore (provisional) in the cash segment, as per information available on the BSE website. While FIIs made gross purchases of Rs 1,290.27 crore, their gross sales amounted to Rs 1,004.88 crore.
Domestic institutional investors (DIIs) were net sellers of Rs 45.98 crore (provisional) on the same day. While DIIs made gross purchases of Rs 650.51 crore, their gross sales aggregated Rs 696.49 crore.
FIIs were net buyers of Rs 60.30 crore on Friday, February 6, according to SEBI data. While FIIs made gross purchases of Rs 1,232.30 crore, their gross sales stood at Rs 1,172 crore.
Mutual funds (MFs) bought equities worth Rs 382.50 crore and offloaded stocks worth Rs 243.50 crore, thus emerging as net buyers of Rs 139.10 crore on Friday.
TTK Prestige – No immediate De-Listing
TTK Prestige Ltd has informed FreePress that in the light of the changed economic conditions, the promoters have at this stage put on hold any step in the direction of delisting of the Company. As and when they decide to act on the Resolution, they will make the necessary Public Announcement as required under the Guidelines.
In a separate development, shares of Pentamedia Graphics have been delisted from the National Stock Exchange.