Trading with PT style
- Thread starter praveen taneja
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bro not always trade will b executed on the buyer rate if u are selling the maximum bid of buyer off course but in mkt order some fake buyer will get the benefit once I had an option and rate was at 76 was about to leave with a selling bid so i left rate 149.95 and someone bought at mkt rate and mkt after that went down and i cover that on same date around 43:lol:god is gr88888888
INDIA'S central bank has told banks to furnish details of their exposure to Dubai World, a top conglomerate which has sought a moratorium on its debt payments as an exercise to assess the impact of the debt crisis on the economy gets under way here.
Reserve Bank of India governor Duvvuri Subbarao said that the banking regulator would, if necessary, disclose the implications of the crisis for the Indian economy. The RBI wants banks with overseas presence to provide details relating to the exposure of Indian lenders to firms in Dubai. Mr Subbarao's deputy, Shyamla Gopinath — one of the four deputy governors in the RBI — said the central bank has sought information on the extent of defaults that banks have seen in their Dubai and UAE portfolios.
Among Indian banks, state-owned Bank of Baroda has the largest number of branches in the region, followed by ICICI Bank and State Bank of India (SBI). Bank of Baroda has six branches in UAE which account for 6.6% of the bank's global loan book. "Out of Bank of Baroda's global loanbook of Rs 1,50,000 crore, UAE accounts for Rs 10,000 crore and Dubai around Rs 4,000 crore.
The bank's total exposure to real estate projects in UAE is Rs 600 crore. All these projects are diversified and performing well. The bank's gross NPA or bad loans in the UAE is 0.4% while its net non-performing assets is close to zero. The bank does not have any exposure to Nakheel — the real estate arm of Dubai World," said Rupa Rege Nitsure, chief economist at Bank of Baroda.
An ICICI Bank spokesperson said that the bank has "no material non-India linked exposure to Dubai corporates". The largest private lender in India, however, did not indicate the extent of its exposure to the UAE. Officials in India's largest bank SBI said that the bank had an exposure of 0.2% of its total assets in UAE. SBI total assets at the end of FY09 was Rs 7,21,526 crore, which means an exposure of close to Rs 1,443 crore. Bankers said that many Indian lenders have financed projects in Dubai but none of them has any significant exposure to firms there. Impact in India likely to be limited, Reddy,
INDIAN banks in the Gulf region have been focusing more on mobilising deposits from the diaspora, offering relatively better rates than European and US banks. Mr Subbarao told reporters in Hyderabad on Friday that the central bank would study the impact of the crisis on India while sounding a caution on reacting to news related to debt payments in Dubai. "One lesson of the global financial crisis is that we must study the developments and should not react to instant news," he said.
Ms Gopinath said in Ahmedabad that it was important to first understand the extent of exposure of Indian banks. "Since we have some capital account regulations, the possibility of banks in India having lent to this entity (Dubai World ) would be much lower than other countries," she said.
Senior government officials and former central bank chiefs such as C Rangarajan, who is now the chairman of the PM's Economic Advisory Council, and former RBI governor YV Reddy have been quick to say that the impact may be quite limited, including on remittances. Mr Reddy said that based on past evidence, the developments in Dubai may not have any serious impact on remittances.
India is the largest recipient of money from its diaspora with $50 billion flowing into the country in 2008. This has been a stable source of inflows for the country compared to other portfolio flows, foreign direct investment and foreign borrowings. India gets a quarter of its remittances from Dubai.
Mr Rangarajan said that Dubai is only one source for remittances. "There are other sources, from which remittances come that may not be affected," he said.
Reserve Bank of India governor Duvvuri Subbarao said that the banking regulator would, if necessary, disclose the implications of the crisis for the Indian economy. The RBI wants banks with overseas presence to provide details relating to the exposure of Indian lenders to firms in Dubai. Mr Subbarao's deputy, Shyamla Gopinath — one of the four deputy governors in the RBI — said the central bank has sought information on the extent of defaults that banks have seen in their Dubai and UAE portfolios.
Among Indian banks, state-owned Bank of Baroda has the largest number of branches in the region, followed by ICICI Bank and State Bank of India (SBI). Bank of Baroda has six branches in UAE which account for 6.6% of the bank's global loan book. "Out of Bank of Baroda's global loanbook of Rs 1,50,000 crore, UAE accounts for Rs 10,000 crore and Dubai around Rs 4,000 crore.
The bank's total exposure to real estate projects in UAE is Rs 600 crore. All these projects are diversified and performing well. The bank's gross NPA or bad loans in the UAE is 0.4% while its net non-performing assets is close to zero. The bank does not have any exposure to Nakheel — the real estate arm of Dubai World," said Rupa Rege Nitsure, chief economist at Bank of Baroda.
An ICICI Bank spokesperson said that the bank has "no material non-India linked exposure to Dubai corporates". The largest private lender in India, however, did not indicate the extent of its exposure to the UAE. Officials in India's largest bank SBI said that the bank had an exposure of 0.2% of its total assets in UAE. SBI total assets at the end of FY09 was Rs 7,21,526 crore, which means an exposure of close to Rs 1,443 crore. Bankers said that many Indian lenders have financed projects in Dubai but none of them has any significant exposure to firms there. Impact in India likely to be limited, Reddy,
INDIAN banks in the Gulf region have been focusing more on mobilising deposits from the diaspora, offering relatively better rates than European and US banks. Mr Subbarao told reporters in Hyderabad on Friday that the central bank would study the impact of the crisis on India while sounding a caution on reacting to news related to debt payments in Dubai. "One lesson of the global financial crisis is that we must study the developments and should not react to instant news," he said.
Ms Gopinath said in Ahmedabad that it was important to first understand the extent of exposure of Indian banks. "Since we have some capital account regulations, the possibility of banks in India having lent to this entity (Dubai World ) would be much lower than other countries," she said.
Senior government officials and former central bank chiefs such as C Rangarajan, who is now the chairman of the PM's Economic Advisory Council, and former RBI governor YV Reddy have been quick to say that the impact may be quite limited, including on remittances. Mr Reddy said that based on past evidence, the developments in Dubai may not have any serious impact on remittances.
India is the largest recipient of money from its diaspora with $50 billion flowing into the country in 2008. This has been a stable source of inflows for the country compared to other portfolio flows, foreign direct investment and foreign borrowings. India gets a quarter of its remittances from Dubai.
Mr Rangarajan said that Dubai is only one source for remittances. "There are other sources, from which remittances come that may not be affected," he said.
Market Review for 30th November 2009
BSE Sensex: (16632) ‘Technically the market has generated a classical weekly sell signal but for that to happen the market must close around these or lower levels and if that happens then the market seems down next week’ the market has closed lower and has weakened the technical structure and so any moves that we may get now would be a suspect. Incidentally the Sensex closed right on support like a dot.
BSE Sensex: (16632) ‘Technically the market has generated a classical weekly sell signal but for that to happen the market must close around these or lower levels and if that happens then the market seems down next week’ the market has closed lower and has weakened the technical structure and so any moves that we may get now would be a suspect. Incidentally the Sensex closed right on support like a dot.
MARKET VIEW
Sensex Hits intra-week high of 17,290 and low of 16,210 to close at 16,632
Once considered the magnet for international investment, Dubai is now repelling bull’s world over. The debt problems in Dubai are having a cascading effect as panic sets in amongst most markets. The markets were waiting for an excuse to move up or down; and the Dubai default fear gave the bears reason to step in. Weak rollover in the December series alsorestrictedmarke ts from breaching its previous high. Finally, the BSE benchmark Sensex lost 2.3% to close at 16,632 while NSE Nifty ended the week down 2.2% to shut shop at 4,942.Sensex intra-week high of 17,290 and low of 16,210 Nifty intra-week high of 5,138 and low of 4,807The Foreign Institutional Investors (FIIs) sold shares worth Rs1.6bn during the week.The Domestic Institutions were net sellers to the tune of Rs2.98bn during the week.
The top gainers:
The largest gainers in Sensex were Ranbaxy Labs Ltd (up 3.4%), Bharti Airtel (up 1.1%), Cipla Ltd (up 0.8%), Reliance Infrast (up 0.7%), Reliance Capital (up 0.5%),
The Top Losers:
The largest losers in Sensex were Ambuja Cements L (down 2.8%), Infosys Tech Ltd (down 2.7%), Larsen & Toubro (down 2.6%), Tata Consultancy (down 2.5%), ITC Ltd (down 1.9%),
The BSE IT Index (down 3.8):
The largest gainers in IT were HCL Tech Ltd (up 1.5%), Patni Computer (up 0.3%).The largest losers in IT were Satyam Computer (down 13.5%), Financial Techno (down 8.7%), Sasken Communica (down 5.8%), Mphasis Bfl Ltd (down 5.2%), Wipro Ltd (down 4.1%),
The BSE Consumer Index
: The largest losers in Consumer Durables were Mirc Electronics (down 10%), Su-Raj Diamonds (down 6%), Titan Inds Ltd (down 5.8%), Whirlpool (down 0.7%).
The BSE Healthcare Index (up 0.9 %):
The largest gainers in Pharma were Aurobindo Pharma (up 9.4%), Strides Arcolab (up 9.3%), Panacea Biotec (up 8.2%), Orchid Chem (up 5.4%), Ranbaxy Labs Ltd (up 5.1%).The largest losers in Pharma were Natco Pharma Ltd (down 5.8%), Suven Life Science (down 5.7%), Glenmark Pharma (down 4.9%), Astrazeneca Pharma (down 4.6%),
The BSE Banking Index (down 3.2%):
The gainer in Banking was Canara Bank (up 3.6%). The largest losers in were Andhra Bank (down 5.4%), ICICI Bank Ltd (down 5.1%), Karnataka Bank Ltd (down5.1%), Oriental Bank Of Commerce (down 4.5%), Yes Bank Ltd (down 4.1%), HDFC Bank Ltd (0.2%), Punjab National Bank Ltd (0.5%), Union Bank Of India (up 0.8%), Indian Overseas Bank (1.4%), Private banking stocks declined sharply despite of reports stating government’s plan to move a bill early next year to amend a banking law for allowing foreign investors in private banks to have voting rights in proportion to their shareholdings.
The BSE Auto Index (up 0.3%):
The largest gainers in Auto were Hero Honda Motor (up 5.8%), Swaraj Mazda Ltd (up 5.5%), Bajaj Auto Ltd (up 5.1%), Maruti Suzuki In (up 1.6%).The largest losers in were Hindustan Motors (down 9.4%), Eicher Motors (down 7.1%), Ashok Leyland (down 5.1%), M&M (down 2%), Tata Motors Ltd (down 2%),
The BSE Oil & Gas Index (down 0.5%):
The largest gainers in oil & gas space were Bharat Petrol (up 11.7%), Gujarat Nre Coke (up 5.1%), Hindustan Petro (up 3.5%), GSPL (up 2.5%), Shiv-Vani Oil & (up 2.1%), The largest losers in oil & gas space were Hindustan Oil Exp (down 8.8%), Jindal Drilling (down 7.6%), Essar Oil Ltd (down 6.5%), Cairn India (down 5.1%), Mangalore Refine (down 3.8%),
The BSE Capital Goods Index (down 2.3%):
The largest gainers in Capital Goods were Bharat Electron (up 12.5%), Heg Ltd (up 7.4%), Lakshmi Machine (up 7.3%), Areva T&D India (up 3.7%), Carborundum Univ (up 3.2%), The largest losers in Capital Goods were Aban Offshore (down 9.9%), Astra Microwave (down 9.7%), Siemens India (down 7.4%), Gammon India Ltd (down 6.1%), Ingersoll Rand (down 4.9%),
The Cement Sector:
The largest gainers in Cement were Binani Indus Ltd (up 16.3%), India Cements (up 7.9%), Madras Cements (up 6.4%), Birla Corp Ltd (up 5.1%), Shree Cement (up 4.5%), The largest losers in Cement were Gujarat Sidhee (down 3%), Dalmia Cement (down 0.1%), Kakatiya Cement (down -0.5%), Mangalam Cement (down -0.5%), Jk Cements Ltd (down -1.1%),
The Telecom Sector:
The largest gainers in Telecom was Tata Communicati (up 5.9%).The largest losers in Telecom were Wire And Wireles (down 7.8%), Gemini Comm Ltd (down 7.5%), Himachal Futuris (down 6.2%), Reliance Com Ltd (down 4.2%), Idea Cellular (down 4.1%).
The Sugar Sector
: The largest gainers in the sector were Km Sugar Mills (up 11%), Simbhaoli Sugar (up -3.5%).The largest losers in the sector were Ravalgaon Sugar (down 13.7%), Simbhaoli Sugar (down 5.3%), Mawana Sugar (down 3.3%).
The Realty Sector (down 6.3%):
The largest losers in Real Estate were Anant Raj Indus (down 11.1%), Mahindra Lifespa (down 9.8%), Housing Developm (down 8.8%), Parsvnath Devel (down 7%), Dlf Limited (down 6.5%),
The Metals sector (up 7.1%):
The largest gainers in Metal were Tata Sponge Iron (up 4.2%), Monnet Ispat (up 1.7%).The largest losers in Metal were Ispat Industries (down 7.7%), Adhunik Metaliks (down 6.7%), Jindal Steel & P (down 6.6%), Bhuwalka Steel (down 6.5%), Lloyds Metals (down 5.1%),
Sensex Hits intra-week high of 17,290 and low of 16,210 to close at 16,632
Once considered the magnet for international investment, Dubai is now repelling bull’s world over. The debt problems in Dubai are having a cascading effect as panic sets in amongst most markets. The markets were waiting for an excuse to move up or down; and the Dubai default fear gave the bears reason to step in. Weak rollover in the December series alsorestrictedmarke ts from breaching its previous high. Finally, the BSE benchmark Sensex lost 2.3% to close at 16,632 while NSE Nifty ended the week down 2.2% to shut shop at 4,942.Sensex intra-week high of 17,290 and low of 16,210 Nifty intra-week high of 5,138 and low of 4,807The Foreign Institutional Investors (FIIs) sold shares worth Rs1.6bn during the week.The Domestic Institutions were net sellers to the tune of Rs2.98bn during the week.
The top gainers:
The largest gainers in Sensex were Ranbaxy Labs Ltd (up 3.4%), Bharti Airtel (up 1.1%), Cipla Ltd (up 0.8%), Reliance Infrast (up 0.7%), Reliance Capital (up 0.5%),
The Top Losers:
The largest losers in Sensex were Ambuja Cements L (down 2.8%), Infosys Tech Ltd (down 2.7%), Larsen & Toubro (down 2.6%), Tata Consultancy (down 2.5%), ITC Ltd (down 1.9%),
The BSE IT Index (down 3.8):
The largest gainers in IT were HCL Tech Ltd (up 1.5%), Patni Computer (up 0.3%).The largest losers in IT were Satyam Computer (down 13.5%), Financial Techno (down 8.7%), Sasken Communica (down 5.8%), Mphasis Bfl Ltd (down 5.2%), Wipro Ltd (down 4.1%),
The BSE Consumer Index
: The largest losers in Consumer Durables were Mirc Electronics (down 10%), Su-Raj Diamonds (down 6%), Titan Inds Ltd (down 5.8%), Whirlpool (down 0.7%).
The BSE Healthcare Index (up 0.9 %):
The largest gainers in Pharma were Aurobindo Pharma (up 9.4%), Strides Arcolab (up 9.3%), Panacea Biotec (up 8.2%), Orchid Chem (up 5.4%), Ranbaxy Labs Ltd (up 5.1%).The largest losers in Pharma were Natco Pharma Ltd (down 5.8%), Suven Life Science (down 5.7%), Glenmark Pharma (down 4.9%), Astrazeneca Pharma (down 4.6%),
The BSE Banking Index (down 3.2%):
The gainer in Banking was Canara Bank (up 3.6%). The largest losers in were Andhra Bank (down 5.4%), ICICI Bank Ltd (down 5.1%), Karnataka Bank Ltd (down5.1%), Oriental Bank Of Commerce (down 4.5%), Yes Bank Ltd (down 4.1%), HDFC Bank Ltd (0.2%), Punjab National Bank Ltd (0.5%), Union Bank Of India (up 0.8%), Indian Overseas Bank (1.4%), Private banking stocks declined sharply despite of reports stating government’s plan to move a bill early next year to amend a banking law for allowing foreign investors in private banks to have voting rights in proportion to their shareholdings.
The BSE Auto Index (up 0.3%):
The largest gainers in Auto were Hero Honda Motor (up 5.8%), Swaraj Mazda Ltd (up 5.5%), Bajaj Auto Ltd (up 5.1%), Maruti Suzuki In (up 1.6%).The largest losers in were Hindustan Motors (down 9.4%), Eicher Motors (down 7.1%), Ashok Leyland (down 5.1%), M&M (down 2%), Tata Motors Ltd (down 2%),
The BSE Oil & Gas Index (down 0.5%):
The largest gainers in oil & gas space were Bharat Petrol (up 11.7%), Gujarat Nre Coke (up 5.1%), Hindustan Petro (up 3.5%), GSPL (up 2.5%), Shiv-Vani Oil & (up 2.1%), The largest losers in oil & gas space were Hindustan Oil Exp (down 8.8%), Jindal Drilling (down 7.6%), Essar Oil Ltd (down 6.5%), Cairn India (down 5.1%), Mangalore Refine (down 3.8%),
The BSE Capital Goods Index (down 2.3%):
The largest gainers in Capital Goods were Bharat Electron (up 12.5%), Heg Ltd (up 7.4%), Lakshmi Machine (up 7.3%), Areva T&D India (up 3.7%), Carborundum Univ (up 3.2%), The largest losers in Capital Goods were Aban Offshore (down 9.9%), Astra Microwave (down 9.7%), Siemens India (down 7.4%), Gammon India Ltd (down 6.1%), Ingersoll Rand (down 4.9%),
The Cement Sector:
The largest gainers in Cement were Binani Indus Ltd (up 16.3%), India Cements (up 7.9%), Madras Cements (up 6.4%), Birla Corp Ltd (up 5.1%), Shree Cement (up 4.5%), The largest losers in Cement were Gujarat Sidhee (down 3%), Dalmia Cement (down 0.1%), Kakatiya Cement (down -0.5%), Mangalam Cement (down -0.5%), Jk Cements Ltd (down -1.1%),
The Telecom Sector:
The largest gainers in Telecom was Tata Communicati (up 5.9%).The largest losers in Telecom were Wire And Wireles (down 7.8%), Gemini Comm Ltd (down 7.5%), Himachal Futuris (down 6.2%), Reliance Com Ltd (down 4.2%), Idea Cellular (down 4.1%).
The Sugar Sector
: The largest gainers in the sector were Km Sugar Mills (up 11%), Simbhaoli Sugar (up -3.5%).The largest losers in the sector were Ravalgaon Sugar (down 13.7%), Simbhaoli Sugar (down 5.3%), Mawana Sugar (down 3.3%).
The Realty Sector (down 6.3%):
The largest losers in Real Estate were Anant Raj Indus (down 11.1%), Mahindra Lifespa (down 9.8%), Housing Developm (down 8.8%), Parsvnath Devel (down 7%), Dlf Limited (down 6.5%),
The Metals sector (up 7.1%):
The largest gainers in Metal were Tata Sponge Iron (up 4.2%), Monnet Ispat (up 1.7%).The largest losers in Metal were Ispat Industries (down 7.7%), Adhunik Metaliks (down 6.7%), Jindal Steel & P (down 6.6%), Bhuwalka Steel (down 6.5%), Lloyds Metals (down 5.1%),
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