Tuesday, July 8, 2008

Today net sell by FII is 326 crores , and net buy by DOMESTIC FUNDS IS 427 crores (mkt info)

AMRUTANJAN

AMRUTANJAN SELLS LAND IN TAMIL NADU FOR 1.1 BLN RUPEES

Support for Govt

Shiromani Akali Dal has said that it will support congress on floor of house ..it has 8 MP ( may be because our PM is a SARDAR ) ....


11 MP's of Samajwadi Party have Broken out and Not attended the Meeting Held today. So Be Cautious on your Longs..

Sonia Gandhi, head of UPA alliance calls for emergency meeting - reports

NDTV Profit Says Left WithDraws Support

Left Meeting

Market Talk: Left Meeting in process, Left will not withdraw Support and give some more time to govt. (Market- Whispers) , so mkt will not fall further,,,,,,,,,, on this sisue, and will bounce,,,,,, take care, put your SL on all ur shorts......... and wait for the outcome of Left meet in few minutes......truly a forwarded message

MTN - Relaince

MTN Group Plans to Make Announcement on Reliance Talks Today

Godrej Industries

India's Godrej Industries Plans to Buyback Shares: HT Link

Hero Honda

Japan fund want to exit and sell 3 millions shares
of HERO HONDA & yes limit is upto 525-550.Reason is HERO Motors wants to sell 26% stake

SBI

Sbi may sell 75 % bonds in tranches in coming qtrs

Apil

Apil will be benifited more if india sign N.deal

Hang Seng drops 3.3% on worries about global credit markets, earnings. Tokyo's Nikkei drops 1.8% day after breaking 12-session losing streak. Regional markets mixed, with Seoul down sharply.

Idea - Spice

Idea Cellular has bought control of Spice Communications for Rs 2,090 crores to increase subscribers by a sixth. As many as 282.4 million shares of Spice Communications changed hands in a single trade at Rs 74 a share yesterday. Idea had agreed to buy the 41% stake from Spice Communications for Rs 7

Overview of World Markets: Few Positive, Few Negative



The Nikkei [Japan] 225 Average
rose 0.9% to 13,360.04, after dropping as low as 13,169.55 earlier in
the day. The gains came after the benchmark lost nearly 8.5% in the
previous 12 sessions. The broader Topix index gained 1.2% to 1,312.80.

Chinese stocks in Shanghai and Hong Kong rising sharply on banks and beaten-down airline stocks. China's Shanghai Composite surged 4.6% to 2,792.40 and Hong Kong's Hang Seng Index rose 2.3% to 21,913.06.



The Australian market closed in negative territory. After opening
lower, the market steadily lost ground and gave away most of the 1.7%
gains that it recorded on Friday. The Australian benchmark S&P/ASX 200 index dropped 1.6% to 5,002.50.


The New Zealand market also closed lower, reversing Friday's 2%
gains. After opening on a flat note, the market steadily lost ground as
weakness in the Australian market impacted investor sentiment. The benchmark NZX 50 index lost 1.2% to finish at 3,121.45.


The South Korean market closed slightly higher. The benchmark Kospi index closed up 0.1% at 1,579.72, bouncing off the day's low at 1,560.


Singapore's Straits Times Index rose 1.4% to 2,934.12. Taiwan's index added 1.6% to 7,314.11. The Indonesian Jakarta Composite Index is plunged by 0.5% to 2,303.82.



The U.K. FTSE 100 index fell 0.2% to 5,400.10, the German DAX 30 index inched up 0.3% to 6,290.95 and the French CAC-40 index rose 0.1% to 4,271.89.


And, finally - India's Sensex gained 0.9% to 13,537.51.

Three Digit Losses in Dow, US Market in Bear Grip


Sell off in financial shares at Wall Street pulled all three major
indexes into bear market. Fannie Mae and Freddie Mac, were 20% down and
helped to accelerate the fall on Monday.

Financial stocks started being sold off after comments from an
Federal Reserve official raising questions about the odds of an
economic recovery this year.


Federal Reserve Bank of San Francisco president Janet
Yellen warned Monday that the downturn in the housing market and the
credit crisis plaguing Wall Street could worsen before the economy
recovers.

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