Current news & Rumours in the mkt

[praveen taneja]

FII trading activity on NSE and BSE on Capital Market Segment

The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 13-Apr-2010.



FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 13-Apr-2010 3285.44 3156.92 128.52
Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment


The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 13-Apr-2010.



DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 13-Apr-2010 1563.54 1310.67 252.87

 

[praveen taneja]

NEWS UPDATES
• Suven Life Sciences secured a patent from the Japanese
Patent Office for a new chemical entity used to treat disorders
associated with nerodegenreative disease.
• Steel Authority of India may offer a 5% discount to retail
investors and employees when the company comes out with
its follow-on public offer.
• Shiva Fertilizers said its board will meet on 19 April 2010 to
consider raising funds.
• Dewan Housing Finance Corporation chief told the media that
the firm plans to raise up to Rs 500 crore via Tier-1 capital.

 

[praveen taneja]

POST MARKET
The BSE Sensex closed lower by 31.04 points or (0.17%) at 17,821.96
while NSE Nifty ended down by 16.75 points or (0.31%) at 5,322.95.
The BSE Midcap closed with loss of 21.16 points or (0.30%) at 7,056.67
and BSE Smallcap closed with a loss of 5.50 points or (0.06%) at
9,086.62. The BSE Sensex touched intraday high of 17,892.78 and
intraday low of 17,736.09. Among the Sensex pack 20 stocks ended in
red territory and 10 in green territory. The overall market breadth was
negative as out of total 2,964 stocks traded on BSE, 1,527 stocks
declined whereas 1,359 stocks advanced and 78 stocks are unchanged
The S&P CNX Nifty is down by 16.75 points or 0.31% to 5322.95. The
NSE turnover was up Rs.14596.07 from last trading session’s Rs.
12383.72 Crore.

 

[praveen taneja]

Dear All, Equity shares of Goenka Diamond & Jewels Limited (GDJL 533189) IPO will be listing on Friday, April 16,

 

[praveen taneja]

There were reports that the company Reliance industries could sell Treasury shares again. This rumour is so strong that 1100 support was broken like house of cards

 

[AW10]

Just saw this new on net..

SEC accuses Goldman Sachs of civil fraud

goldman already down from 183 to 163.. i.e. 10% intraday drop.
and it is taking the mkt down as well. All US index down >1%.

 

[saivenkat]

Just saw this new on net..

SEC accuses Goldman Sachs of civil fraud

goldman already down from 183 to 163.. i.e. 10% intraday drop.
and it is taking the mkt down as well. All US index down >1%.

Initial reaction of Dow to the above news is -143 pts, but still hang above 11000 mark. Lets wait and see, how Dow closes today.

SGX LOW MADE 5149. These were panic spikes created, but i feel somewhat it will recover from this news when the market opens on monday. But the overall sentiment is still -ve.

Regards
Saivenkat

 

[trader.trends]

Just saw this new on net..

SEC accuses Goldman Sachs of civil fraud

goldman already down from 183 to 163.. i.e. 10% intraday drop.
and it is taking the mkt down as well. All US index down >1%.

Don't be surprised to hear six months down the lane that GS had bet against itself and had shorted its own stock expecting this fraud to hit the news. History has shown us that nothing much hurts GS where it matters (financially). They may get bad press for a while but they laugh all the way to the bank. Buddies everywhere (Govt included) will rally around.

 

[praveen taneja]

Just saw this new on net..

SEC accuses Goldman Sachs of civil fraud

goldman already down from 183 to 163.. i.e. 10% intraday drop.
and it is taking the mkt down as well. All US index down >1%.

Expect all of Saturday's newspapers to be filling their front pages with this breaking news: The Securities and Exchange Commission sued Goldman Sachs and one of its employees for civil fraud, alleging they defrauded investors in selling a financial product tied to subprime mortgages, in 2007. Here's the suit.





The potential financial impact on Goldman from the case is likely small, because Goldman's gain from the alleged fraud was $15 million.

But this story has legs, folks. First off, Goldman has been feeling heat in recent months amid record profits and revelations of their wild success amid the credit crisis, which hit other Wall Street firms hard. To say the firm had a target on its back, politically speaking, is an understatement. An hour after the suit was filed, Goldman shares were down 13%.

Second, the SEC also has been under seige in recent months for, among other things, perceived failures to catch Ponzi schemer Bernard Madoff and some high-profile litigation trip-ups, including its failed insider-trading case against Mark Cuban. If the Goldman case is successful, it could help rebuild the agency's reputation.

Third, the case filed by the SEC prominently features hedge fund Paulson & Co., led by John Paulson, who made the "Greatest Trade Ever by betting against the mortgage market. His firm earned $15 billion in 2007 alone.

The SEC's case focuses on a single transaction structured by Goldman, for which it allegedly earned $15 million in fees from Paulson.

Here's what allegedly occured. Goldman sold a "synthetic CDO, or collateralized debt obligation, to investors. Goldman allegedly told those investors that subprime-mortgage securities underlying the CDO were selected by a third-party firm called ACA.

However, the SEC alleged, it was the Paulson fund that had selected the securities. Paulson, in a separate transaction then put up lots of money to bet that those securities would sour.

Investors who purchased slices of the CDO, such as ABN AMRO, a Dutch bank, collectively lost $1 billion as the mortgage-backed securities quickly soured amid the mortgage crisis, according to the SEC.

Goldman allegedly helped Paulson bet against those securities, and Paulson's firm made a profit of about $1 billion.

The SEC alleges that Goldman Sachs Vice President Fabrice Tourre was principally responsible for structuring the deal, called ABACUS 2007-AC1. "Tourre allegedly knew of Paulson & Co.'s undisclosed short interest and role in the collateral selection process, the SEC said.

 

[praveen taneja]

•31.7% decline from issue price witnessed by Goenka Diamond
•Lakshmi Mittal reveals Arcelor Mittal to intensify Brazil steel industry
•$300 million mark reached by QIP book of GMR Infra
•Proposed Vizag plant put on hold by HPCL
•$160 million air conditioner factory in India aimed by Panasonic
•NAVS end in deep downturn; Sun Pharma, M&M gain
•IPO of BSNL put on ice by DoT
•JSW Steel’s 14.06% stake to be acquired by JFE
•38% bid-increase compared to base attained in 3G auction
•M&M acquires whole stake in merger with Renault
•Bharti augments user base by 3 million last March
•Another lackluster trade day; BSE Sensex slides 0.27%
•Ansal Properties to accumulate Rs 70 crores for housing
•Technocraft Industries sees $7million profit from power refinery
•Malaysia granted banking license to Indian banks
•Reliance Industries acquired $20-$30 million stake in Deccan 360
•Sanwario Agro eyes Rs 2000 profit in FY11
•LIC records emphatic advancement of 36% YoY
•Dr Reddy’s Lab recollects 78,876 bottles of risperidone tablets