FII Gross purchases Rs 2585 Cr, Gross sales Rs 3678 Cr, Net Sellers Rs 1093 Cr.
MF Gross Purchases Rs 1055 Cr, Gross Sales Rs 932 Cr, Net Buyerss Rs 123 Cr
We will see rally of 450-500 points on sensex but donot ignore profit booking
A pink paper reports that the government requested NTPC, BHEL, SAIL, ONGC, IOC, BPCL, HPCL and Gail to issue bonus shares,as their reserves and surplus have increased to several times their paid-up capital.
SEBI finally opened up short selling to all though the start date is yet to be decided. valuations will come into picture once short selling is allowed
Watch out for IT/ITES stocks for bumper returns in the next 1 month
Sonata Software(Rs.53.60) is likely to move up to 70 levels.
HOT PICKS - SATYAM,CMC,KIRLOSKAR FERROUS,CONTAINER CORP
Stocks in News:
IOC to venture alone for small onland blocks in NELP VII.
MRF expects to get possession of 500-acre land at Tiruchi, Tamil Nadu by January for setting up a new facility.
Reliance Entertainment is divesting a 5% stake at an enterprise value of US$1.5bn.
Gail to issue bonus shares in next 3-6 months.
Ford plans to make India the hub for supply of petrol and diesel engines.
Ansal Properties looks at development of ports in partnership with UEM Builders of Malaysia.
ONGC will increase spending to increase output. It will pay mid year dividend of Rs18 per share.
The Maharashtra State Consumer Disputes Redressal Commission has charged ICICI Bank with forging of documents to recover loan.
Dunlop raises US$90mn from hedge funds to restructure loan and meet other corporate needs.
Attrition prompts Voltas to go for massive recruitment in next three years.
Bharti Enterprises to acquire Delhi-based retail chain Big Apple.
RPG group’s Spencer Retail to venture into specialty retailing.
Dr Reddy’s to shift output of 12 Betapharm drugs to India.