Yesterday we had mention our clients NF will slide to kiss 5470 and then will zooom to kiss 5600
Just see What happened ?
Above 5635 nifty will zoom to 5695
Banks like Sbi HDFC and ICICI joined hands with HPCL and BPCL in restricting Nifty from a big fall yesterday
Rain Clacining(RS.58.20) is headed for new highs due to amalgamation
Market: News for the day...
1. Siemens board approves 1:1 bonus issue, merger of Siemens Industrial Turbomachinery Services with itself
2. DCM Shriram promoters plans counter bid at above Rs 100 per share to keep HB Stockholding’s at bay. DCM Shriram ups warrant prices to Rs 90/sh from Rs 52/sh. DCM Shriram : CLB to announce its ruling on Monday on waarant issue to promoters; If decision goes against Promoters, & open Offer is sucessful HB stake to be higher than Promoters
3. Amtek Group Amtek India board meet on Dec 1 to consider issue of shares to promoters on preferential basis Ahmednagar Forgings board meet on Dec 1 to consider issue of shares / convertible warrants to promoters on preferential basis Amtek Auto board meet on Dec 1 to consider issue of shares / convertible warrants to promoters on preferential basis
4. LN Mittal plans to list ArcelorMittal on Indian bourses using India Depository Receipts
5. New listing: Barak Valley Cements, Bathi Bars, Allied Computers International
Ashnoor Textile to resume trading; base price Rs 6.60; circuit filter 5%
6. Kolte Patil Developers IPO subscribed 45.91 times
7. Kaushalya Infrastructure IPO closes today; subscribed 1.83 times till now
8. NTPC forms MoU with Uttar Pradesh Rajya Vidyut Utpadan Nigam to set up 2X660 MW coal based thermal power project
9. JK Lakshmi Cement comes out of corporate debt restructuring purview; replaces high cost debts of Rs 325 cr by cheaper funds
10. TCS says IT Spend Cut By BFSI Likely, But Outsourcing Will Not Be Hit
11. FDA admits Sun Pharma’s appeal for Glivec
12. George Soros picks up undisclosed stake in Future Capital from Och-Ziff Capital, which holds 10% stake
13. Burger King, Wendy’s in talks with DLF for Indian foray
14. Fortis, DLF to deal for setting up 15 hospitals
15. SRF Polymers open offer at Rs 180/sh
16. Jagson Airlines open offer at Rs 20.11/sh
17. Vishal Retail plans equity dilution to fund expansion
18. Prime Focus close to buying US post production firms
19. Siemens Q4:Net Profit Up 125.68% from Rs 136.75 cr to Rs 308.62 cr; Includes one time gain of Rs 52 cr. Revenues Up 46.68% from Rs 1491.98 cr to Rs 2188.4 cr. OPM at 15.6% vs 8.34%. FY07 EPS at Rs 41
FII Gross purchases Rs 3246 Cr, Gross sales Rs 5469 Cr, Net Sellers Rs 2222 Cr.
MF Gross Purchases Rs 640 Cr, Gross Sales Rs 792 Cr, Net Sellers Rs 151 Cr.
More details to our Subscribers