Sensex
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It appears renuka is more favored by volume and style of trading. Convert to renuka from balram at an opportunity as per choice
Abe
The CCEA approved recapitalisation in Vijaya Bank, Dena Bank, UCO Bank, Syndicate Bank, Bank of Baroda, Central Bank of India and Bank of Maharashtra. The Cabinet approved provision of capital to the public sector banks during FY11 and FY12 so as to enable them to maintain a minimum 8% Tier I capital. "The exact amount, mode of capitalisation and other terms and conditions would be decided in consultation with the banks at the time of infusion," the Government said. For FY12, additional capital requirements, if any, will be worked out in consultation with the PSBs based on their third quarter results for FY11. The additional availability of credit is likely to benefit employment oriented sectors, especially agriculture, micro & small enterprises, export, entrepreneurs etc. in promotion of their economic activities which would in turn contribute substantially to the growth of the economy, the Government said. The Government has negotiated with the World Bank for two Banking Sector Support Loans (BSSL) totaling US$3.2bn. Formalities in respect of the first tranche of US$2bn loan have already been completed. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
Bucking the trend of rising interest rates, the country's third-largest private sector lender, Axis Bank, has cut deposits rates by 25-50 basis points (bps) across select longer-dated maturities, saying the liquidity situation is less harsh than it had previously anticipated. The bank has cut the interest rate on fixed deposits of two years to 30 months by 25 bps to 7.0 per cent and on 30 months to three years maturity by 50 bps to 7.0 per cent. The revised rates are effective from May 22. "We initially raised rates, thinking the liquidity situation will be harsher than it is. But interest rates have not risen to that extent and, so, we decided to reassess the situation and cut rates on the two long-term maturities," said R V S Sridhar, senior vice-president of treasury, Axis Bank. It is the second bank to lower deposit rates in the past two months. Bank of India had lowered interest rates for deposits above Rs 1 crore in mid-April. According to bankers, notwithstanding the temporary liquidity squeeze on account of advance tax and 3G spectrum payments, medium- and long-term deposit rates are unlikely to rise over the next two-three months. "We also lowered rates about three-four weeks ago. Deposit rates are unlikely to go up for the next two months at least, because the liquidity situation is still relatively easy and we are not seeing any further tightening by RBI on the policy front," said B A Prabhakar, executive director at public sector lender Bank of India. However, lending rates for short tenures had started rising, he added. "As of now, deposit and lending rates are likely to remain stable. There could be a slight increase in ultra short-term lending and deposit rates, but medium- and long-term rates are unlikely to increase for the next two months, at least," said Ashish Parthasarthy, treasurer at HDFC Bank. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
FYI Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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| Mar-2010 | Dec-2009 | Sep-2009 | Jun-2009 | Mar-2009 |
| Promoter and Promoter Group | 44.76 % | 46.57 % | 46.34 % | 49.03 % | 49.03 % |
| Indian | 44.76 % | 46.57 % | 46.34 % | 49.03 % | 49.03 % |
| Foreign | -- | -- | -- | -- | -- |
| Public | 51.54 % | 49.73 % | 50.42 % | 47.81 % | 47.54 % |
| Institutions | 28.25 % | 26.65 % | 26.53 % | 25.80 % | 25.21 % |
| FII | 17.59 % | 16.82 % | 16.51 % | 16.45 % | 15.99 % |
| DII | 10.66 % | 9.83 % | 10.02 % | 9.35 % | 9.22 % |
| Non Institutions | 23.29 % | 23.08 % | 23.89 % | 22.01 % | 22.33 % |
| Bodies Corporate | 4.63 % | 4.48 % | 4.97 % | 4.56 % | 4.54 % |
| Custodians | 3.70 % | 3.70 % | 3.24 % | 3.16 % | 3.43 % |
From: A P Abraham <abrahamap@airtelmail.in >
Subject: RE: [sharetrading] Reliance Freak Trade
To: sharetrading@yahoogroups. com
Date: Tuesday, 1 June, 2010, 2:19 PM
After crushing India, UK is turned up. All those who closed their short
trades hopefully will be lucky..
Abe
-----Original Message-----
From: sharetrading@yahoogroups. [mailto:sharetrading@com yahoogroups. ] Oncom
Behalf Of sharetrading.moderator
Sent: Tuesday, June 01, 2010 3:01 PM
To: sharetrading@yahoogroups. com
Subject: [sharetrading] Reliance Freak Trade
A freak trade on BSE in Reliance Industries takes it to 840
SM
--------------------- --------- ------
Please use your discretion before acting on the ideas expressed in the
group.
Happy Trading,
United we grow!!!Yahoo! Groups Links
| TN Petro-Worth Taking A Chance BSE 500777; CMP Rs 21; Cum Dividend Rs 0.50/share The market is rife with rumours that the co-promoters of Henkel-the AC Muthiah Group will be selling off their 17 per cent stake in Henkel to the German parents. Henkel AG, Germany already owns 50.97 per cent of Henkel India, and if the deal goes through this will imply consolidation for the FMCG segment which is so far dominated by HUL, P&G and Godrej. The positive for investors in TNPetro? Cash from the sell-out will go to TNPetro through which Dr. AC Muthiah holds his investment in Henkel. This works out to Rs 119 crore or Rs 12 per share of TNPetro. At Tuesday's closing price of Rs 59, Henkel is valued at Rs 700 crore approximately, out of which 17 per cent accrues to TN Petro or roughly Rs 119 crore. Compare this to the total market cap of Rs 188 crore for TN Petro, and investors would notice that TN Petro's 50,000 TPA LAB Plant (an input for soaps and detergents) sells for Rs 70 crore or a mere Rs 8 per share. TN Petro owns 1,93,95,900 shares or 17 per cent of the Rs 116 crore Equity of Henkel. Cash received from disinvesting stake in Henkel will allow TNPetro to proceed with it's expansion plans that amount to $ 250 mn or roughly Rs 1200 crore. TPL has strategically forged strong alliances with Henkel KGaA, Germany and VANTICO (Erstwhile Ciba Specialties Ltd) for manufacture of Detergents and Epoxy Resins respectively. Having established itself in the domestic market, TPL is now looking beyond national boundaries and aims to become a significant player in the global market backed by its core competency in LAB business, strong financials and the drive to excel. TPL is in the advanced stages of setting up a US $ 250 million Linear Alkyl Benzene project at Yanbu, Kingdom of Saudi Arabia. TPL is poised to take a strong position in the global economy -- in the process proving to be a true Shining Star. |
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Sugar as a commodity, has tested my favorite signal twice and rebounded above it both times. Now it remains to be seen if near high is taken out today (or the low). Overall be positive in the sector as HTF tests will add to the chorus of bullishness in coming days, if markets can breach 5085/5100….
Abe
| India: Growth Picture Remains Murky, Second Half Could See Slow-Down The 4QFY10 GDP threw a few surprises - the highest ever (demand-side) GDP growth, sharp bounce-back of investment and double-dip of private consumption - to name a few. Growth and policy outlook. As compared to FY10, we expect private consumption and investment to grow much faster in FY11. Government consumption, net exports, rising indirect taxes and lower subsidies, however, would contain the overall GDP growth. Given weak private consumption, falling inflation and continued international uncertainties, we expect the RBI to raise the policy rates by 25 bps in July'10 policy and initiate no action before that. Double-dip of private consumption. Private consumption growth in 4QFY10 at 2.6% was the lowest since 1QFY03. Even during the peak of global crisis, private consumption growth was better than in 4QFY10. Government consumption growth at 2.1% in 4QFY10 despite the low-base of same quarter last year. Record GDP growth. India 's (supply-side) GDP grew by 8.6% in 4QFY10 and by 7.4% in FY10. On the demand side, India 's GDP growth during FY10 grew by 7.7%. The demand-side GDP growth in 4QFY10 at 11.2% was the highest ever quarterly growth. Drought-proof economy. Despite the worst drought in 30 years, India 's agriculture posted a positive growth of 0.2% in FY10. During 4QFY10 agriculture grew by 0.7%. Service led FY10 growth. For the full year, three-fourths of the contribution to growth came from the services sector. The role of industry, in particular manufacturing, was much more prominent in driving 4QFY10 GDP. Investment back with a vengeance. After seven quarters of relative oblivion, investment bounced back and grew by 17.3% in 4QFY10. Interestingly, this rate is comparable with the growth during the strong investment cycle during FY04-08. Overall assessment. The break-up of the GDP numbers released today throws confusing signals. Investment, manufacturing and select segments of services (trade, hotel, transport and communication) grew substantially ahead of expectations. At the same time, double-dip of private consumption and more than expected slowdown in govt. spending raise concerns. The positive contribution from net exports in 4QFY10 is unlikely to continue. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
Gold after a record rally is indicating a tempering off.
Abe
