Indian Stock Market News, Information, Tips, Investment, IPO Details, Analysis Report

Gokul Refoils and Solvent primarily engaged in the business of Solvent Extraction, refining of Edible oils and Vanaspati manufacturing ends at Rs 182.05 on the NSE, at a discount of 6.64% to its issue price of Rs 195.

On the NSE the share touched an intraday high of Rs 224.70 and intraday low of Rs 178. The total traded quantity was 1,67,59,269 shares and turnover was Rs 34,728.56 lakh.

On the BSE the share closed at Rs 181.05. On BSE its intraday high was at Rs 222.30 and intraday low of Rs 176.03. The total traded quantity was 2,11,49,800 shares.

The share opened at Rs 219.90 on the NSE against the issue price of Rs 195 at a premium of 12.77%.

Today Sensex Down -258.66 Point and Nifty Down -53.80 Points.  Today’s  top gainers were Tata Steel (Tisco),  Bharti Airtel, ACC, Ranbaxy Labs and losers were ITC, Satyam, Infosys and Larsen.

Gammon Infrastructure Projects (GIPL), an infrastructure project development company, will list on the exchanges with its equity shares on April 3, 2008. The issue price has been fixed at Rs 167 for its initial public offering (IPO) of 1,65,50,000 equity shares of par value Rs 10 each for the above issue price determined through the 100% book building process.

The issue closed on March 13, 2008, and was subscribed 3.48 times (according to the preliminary information received by the stock exchanges). The qualified institutional bidders portion was subscribed approximately 5.17 times; the non-institutional bidders portion was subscribed approximately 3.79 times; the retail portion was subscribed approximately 1.07 times; employee reservation portion was subscribed approximately 0.53 times.

The initial public offering of the Ahmedabad - based Kiri Dyes and Chemicals (KDCL), manufacturer and exporters of dyes and dyes intermediates, has subscribed 1.32 times, till 4 pm as per NSE website. The issue has received bids for 49.45 lakh shares as against shares on offer.

The shares will be listed on Bombay Stock Exchange and National Stock Exchange of India. The book running lead manager to the issue is Centrum Capital.

The initial public offering of Sita Shree Food Products has received good response, subscribed 2.38 times. It has received bids for 2.78 crore shares as against 1.16 crore shares on offer.

The price band is between Rs 27-30 per share and likely to raise around Rs 31.5 crore. Equity shares are proposed to be listing on the BSE and NSE.

Today, Anil Ambani announce 3 bonus shares of Reliance Power for 5 Shares of Reliance Power.

So, if you have 5 shares of Reliance Power (RPower) you will get 3 shares as bonus.

Its really hot news and huge relief for Investor of Reliance Power.

The US Federal Reserve has cut funds and discount rates by 75 bps. It has cut the discount rate by 75 bps to 4% while the funds rate is now at 3.5%.

There was not a schedule meeting today but surprisingly they call emergency meeting today and announce good news.

This is the first inter-meeting rate cut since September 17, 2001.

US Treasury Secretary Henry Paulson said the rate cut shows that the Fed is nimble and is able to move quickly.

This is really a good news and lets hope that tomorrow Indian stock market will be bounce back.

Today sensex was down -875.41 points in the market and nifty was down -309.5 points. Today’s top gainers were Bharti Airtel, Tata Motors and losers were ONGC, ITC, Hindalco and Mahindra & Mahindra. BSE sensex closes at 16729.94 and nifty at 4899.30.

It seems that pain is not yet over and the markets once again opened on extremely disappointing note after yesterday’s catastrophic meltdown. Cues from the Asian markets added more pain to our markets.

Sensex and Nifty both opened with over 10% cut and hit the lower circuit and the trading got halted for one hour only fourth time in Indian history. Sensex opened down 9.75% or 1716.41 points at 15888.94 and Nifty was down 12.10% or 630.45 points at 4578.35. Sensex so far was down 25% and Nifty 28% from its all time high.  

Major losers in the opening trade were ICICI bank, RPL, RNRL, NTPC, Rel Comm, RIL, SAIL, Unitech, Infosys.

It was a highly dramatic and scary day for markets as markets saw their biggest ever fall. Sensex and Nifty down almost 12% at one point of time. Sensex went below 17,000 mark during the course of the day and Nifty sub 5000 mark.

BSE was shut for a brief period of time however it resumed trading immediately. Later it recovered Sensex recovered 700 points from the day’s low. and finally Nifty closed down 8.5% and Sensex was down 7%.

Before this the markets saw the second highest point fall on May 18, 2006; Sensex was down 826 pts (6.76%) on account of Government circular on taxing investment gains; heavy selling by FIIs, retail investors and a weakness in global markets.

Today Sensex was down -1408 points and nify was down -496.50 points. Today’s top losers were Reliance Energy, ACC, Bajaj Auto, NTPC.
Now after closting the market Sensex is at 17605+ Point and Nify at 5208+ Point.