From the monthly archives:

June 2008

In biggest sell-off since 1993, FIIs take out $6.44 bn

by free stock tips on June 30, 2008

in Nifty, Sensex

In the first six months of 2008, these investors have sold more than 11% of what they had invested in Indian stocks since the beginning of this century
Foreign institutional investors, or FIIs, the largest group of investors in India’s secondary markets, have taken out some $6.44 billion (Rs27,692 crore) in the first six months of [...]

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Sensex ends day with 340-point loss, Nifty sheds 96 points

by free stock tips on June 30, 2008

in Nifty, Sensex

After a flat opening, the markets took a beating yet again, with the benchmark Sensex tumbling 340.60 points to 13,461.60, or as much as 2.47% at the close of trade on 30 June.In the broader markets, the Nifty lost 96.10 points to 4,040.55, driven down largely by oil prices, which touched the $143-a-barrel mark.Mid-cap and [...]

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D-Street to see for more pain; Sensex seen heading to 12k level

by free stock tips Sensex

Crude oil rally and selling by FIIs are unlikely to let the market see a near-future uptrend, while domestic factors like inflationary pressures and rising interest rates are also playing spoilsport
Having lost over one-third of its value in less than six months, stock market seems to have more pain in store for investors with experts [...]

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Subhiksha to invest Rs1,200 crore for expansion by 2010

by free stock tips Stock-News

Food and grocery retail chain Subhiksha will invest around Rs 1,200 crore for expansion by 2010, a top company official said.“We will have around 3,000 stores by 2010 and we plan to invest around Rs1,200 crore in the period,” Subhiksha’s promoter R Subramanian told PTI.The funds would be raised through a mix of equity and [...]

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Indiabulls Securities keeps HOLD on ACC

by free stock tips Broker tips

ACC Limited’s EBITDA margin nosedived 409 bps in Q1’08 due to a surge in raw material and fuel costs. However, net sales increased 9% y-o-y on the back of a higher sales volume.Since the company’s major expansion plans are scheduled to be completed in 2009, we believe that it will face a capacity constraint in [...]

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Sensex lost 186 points to close at 14,106 and Nifty lost 75 points to close at 4,191

by free stock tips Nifty

Indian bourses witnessed a highly volatile trading session on Tuesday. It was indeed a Tuesday twister, with bulls and bears witnessing an absolute roller coaster ride. After starting off with a positive bias, weak cues from the Asian markets coupled with all round selling pressure dragged the Nifty and the Sensex to hit new 2008-low [...]

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FIIs sell USD 1.8 bn in Equity in June (Till Now)

by free stock tips Stock-News

It seems that in the month of June, Foreign Institutional Investors are keen to offload their investment from Indian equity. Within 14 days of June they have been remained net seller of approximately USD 1.8 billion in equity (Rs 7,732.50 crore), which was about the higher amount that they sold during the entire month of [...]

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Sensex plunges again, ends 334 pts down

by free stock tips Nifty

The bears stormed the ring at the stroke of the opening bell, and with weak global markets and the widening rift between the ruling coalition and the Left parties on the Indo – US nuclear deal issue aiding them no end, stayed right till the end of the session and pushed several large and mid [...]

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Indiabulls Securities downgrades Infosys to HOLD

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Indiabulls Securities
Infosys top line grew a modest 6.3% q-o-q to 45.4 billion, driven by a moderate increase in volumes. Due to the slowdown in the US economy, the Company might face problems in the near term, as several clients are delaying their budgets.However, it has not seen any order cancellation and clients look likely to [...]

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Orchid Chemical – Savita Chemicals

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Sharekhan revises Orchid Chemical’s target to Rs300
Sharekhan
Orchid Chemical ’s performance in Q4FY2008 and FY2008 has been mixed. The top line growth driven by niche product opportunities has surpassed expectations. However, strong margin pressure due to sharp escalations in the raw material cost and the higher than expected interest burden dragged down profitability.Company’s business model is [...]

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