BSE NSE Dalal Street blog, Nifty futures

BSE Sensex slips 0.77% as market plummets

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 06:05:24 PDT

The BSE Sensex lost 126.43 points or 0.77% to 16,312.15, its lowest closing level since 25 May 2012. The index declined 143.27 points at the day's low of 16,295.31 in late trade. The index fell 9.84 points at the day's high of 16,428.74 in mid-afternoon trade. The S&P CNX Nifty lost 39.35 points or 0.79% to 4,950.75, its lowest closing level since 25 May 2012. The index hit low of 4,944.90

Speciality Restaurants attains Rs 153 listing on BSE

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 06:07:36 PDT

Speciality Restaurants has made an announcement that versus its IPO price worth Rs 150, the firm already listed at Rs 153 on the BSE wherein its trading volume reached 3,66,894 shares.

Rashtriya Ispat Nigam submits IPO documents with SEBI

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 06:08:10 PDT

Rashtriya Ispat Nigam or RINL, a firm managed by the government, already submitted its DRHP or draft red herring prospectus with SEBI last May 18 for its 48.898 crore equity shares initial public offering.

Shree Renuka Sugars eyes exports to improve FY13 sales

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 06:16:37 PDT

The managing director of Shree Renuka Sugars, Narendra Murkumbi, has made an announcement that they have been looking forward for exports to improve their sales in the financial year 2012-2013.

ABG Shipyard eyes 22-23% operating margins onwards

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 06:38:56 PDT

ABG Shipyard, the biggest private shipyard of India, announced through D Datar, its executive officer, that it is currently providing around15-16 ships yearly since 2009 while operating margins are expected to reach 22-23% onwards.

Selling of stake of Pantaloon in Future Capital at last stage

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 08:37:38 PDT

The chairman and managing director of Future Capital Holdings, V Vaidyanathan, announced that the selling of equity shares of Pantaloon in the firm has been at the last level of talks.

NCC eyes fresh order in FY13 worth Rs 8,500 crore

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 08:41:27 PDT

The VP-finance of NCC, YD Murthy, announced that their order book before FY14 will be around Rs 20,195 as they eye fresh order worth Rs 8,500 crore in the financial year 2012-2013.

Everest Kanto aims to grow utmost 25% in FY13

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 08:46:38 PDT

The chairman and managing director of Everest Kanto Cylinder Limited, Prem Khurana, announced that they have been looking forward to achieve growth in the range of 20-25% in the current financial year.

PVR eyes 25% revenue increase in FY13

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 08:49:41 PDT

In the latest development, the chief financial officer of PVR, Nitin Sood, announced that they have already been eyeing to get revenue increase of 25% in the financial year 2012-2013.

Engineers India gets improved number of orders from oil and gas sector

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 08:53:24 PDT

In the latest development, Engineers India revealed this day that they obtained better performance in oil and gas sector in the last quarter of the financial year 2011-2012 with good orders inflow.

UBS eyes revenue growth of 9.2% at formula One from 2011-2016

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 08:56:10 PDT

UBS AG has been looking forward to get revenue at Formula One, a motor racing venture, to increase 9.2% starting last year until 2016 on back of growing number of races.

Essar considers makeover scheme; to divest shares in group firms

noreply@blogger.com (VJonDalalStreet) — Wed, 30 May 2012 08:59:44 PDT

In the latest development, Essar Group, a diversified firm, has been planning to concentrate businesses on core assets as well as considering makeover scheme to divest shares in group firms.

BSE Sensex slumps 0.57% as market slides again

noreply@blogger.com (VJonDalalStreet) — Thu, 31 May 2012 08:37:51 PDT

The BSE Sensex lost 93.62 points or 0.57% to 16,218.53, its lowest closing level since 25 May 2012. The index declined 226.09 points at the day's low of 16,086.06 in mid-morning trade. The index fell 34.67 points at the day's high of 16,277.48 in late trade. The S&P CNX Nifty shed 26.50 points or 0.54% to 4,924.25, its lowest closing level since 25 May 2012. The index hit low of 4,883.55 and

Praj Industries eyes realistic growth in profits onwards

noreply@blogger.com (VJonDalalStreet) — Thu, 31 May 2012 08:41:27 PDT

Praj Industries announced that it has been looking forward to obtain realistic growth in profits onwards as they predict large number of orders, according to the firm’s chairman Pramod Chaudhari.

Mahindra & Mahindra to invest Rs 5,000 crore on capex

noreply@blogger.com (VJonDalalStreet) — Thu, 31 May 2012 08:44:49 PDT

Mahindra & Mahindra, the largest utility car manufacturer, announced that it is set to invest Rs 5,000 crore on capex until 2015-2016 from the current financial year, according to its executive.

Sakthi Sugars eyes constant sugar prices abroad going forward

noreply@blogger.com (VJonDalalStreet) — Thu, 31 May 2012 08:49:35 PDT

The managing director of Sakthi Sugars, M Manickam, announced that the foreign prices of sugar came in even since 2010 as they look forward to sustain stable prices going forward.

Reliance Broadcast eyes improved margins onwards via airtime, sponsorship

noreply@blogger.com (VJonDalalStreet) — Thu, 31 May 2012 08:53:49 PDT

In the latest development, the chief executive officer or CEO of Reliance Broadcast, Tarun Katial, announced that they look forward for sponsorship as well as airtime to improve margins onwards.

Mico Bosch not spending more money in diesel car parts

noreply@blogger.com (VJonDalalStreet) — Thu, 31 May 2012 08:58:25 PDT

The chief executive officer of Mico Bosch, VK Vishwanathan, announced that they are not intending to increase expenditures in diesel car parts although the possibility to obtain profits is huge.

Growth of core segment in April declines to 2.2%

noreply@blogger.com (VJonDalalStreet) — Thu, 31 May 2012 09:02:06 PDT

The rate of growth of the core sectors declined to 2.2% last month due to unsatisfactory business results in the market for crude oil, natural gas, petroleum refinery products and fertilisers.

Rangarajan eyes 6.5-7% GDP growth in FY13

noreply@blogger.com (VJonDalalStreet) — Thu, 31 May 2012 09:07:14 PDT

The chairman of the Economic Advisory Council or PMEAC of the Prime Minister, C Rangarajan, announced that the total rate of growth is still passive as he eyes GDP growth in the range of 6.5-7% in the current financial year.