Wednesday, October 10, 2007

Mkts end strong; Sensex, Nifty at all-time high

Today Markets ended strong, Sensex went up nearly 380 pts at 18658.2; rallies nearly 1200 pts in 2 days. Nifty up 114 pts at 5441.5; rallies nearly 350 pts in 2 days. CNX Midcap Index up 1%, BSE Small-cap Index up 0.51%. BSE Cap Goods Index up 4.37%, BSE IT Index up 3.25% ahead of Infosys result. Index Gainers; Tata Power up 12%, RPL up 7.3%, L&T up 6.5%, Infosys up 3.8%. NSE Advance Decline ratio at 1:1. Total market turnover at Rs 109515.65 cr

CURRENCY MOVEMENT
Rupee appreciates by 35 bps at 39.31
Yen depreciates by 15 bps at 117.38

F&O SNAPSHOT
Nifty futures premium at 15 pts; add 26 lakh shares in OI
Sugar stocks rally on short covering
IT Stocks witness action within the last hour of trade
Nifty 5500 Call adds 3.69 lakh shares in OI

MOST BUZIZNG STOCK
Adlabs up 24%; add 4.4 lakh shares in OI
Patel Eng up 15%; add 2 lakh shares in OI
JP Associates up 13%; add 2.2 lakh shares in OI
Tata Power up 12%; add 7.3 lakh shares in OI
Arvind Mills up 8%; add 35 lakh shares in OI

Highest OI Addition
RPL up 7.5%%; add 1.28 cr shares in OI
IDBI up 4%; add 55.5 lakh shares in OI
IDFC up 5%; add 12 lakh shares in OI

Short Covering
Balrampur Chini up 4.8%; cut 15.3 lakh shares in OI
Praj Ind up 5.8%; cut 3 lakh shares in OI

TOP TRADED (Rs Cr)
Nifty 17838
RPL 4582
REL 3830
R Comm 3293
RIL 2938
Rel Cap 2234

1 comment:

Unknown said...

HEY GUYS,, why dont u guys discuss on the RPL scam.. remember the recent fall!! from 295 to 185.. all operated. RPL under SEBI Scanner.. the drop from 290 to 195 has been completely operated. thats the news all over.. check this link of financial express and live mint

http://www.financialexpress.com/news/Smart-operators-in-RPL-futures-make-a-cool-Rs-1-000-cr/244312/

Between November 1 and November 6, 2007, a particular group made short sales of 10crore shares of Reliance Petroleum in the futures segment of National Stock Exchange costing Rs.3,000 crores approximately. they made a cool Rs 1,000 crores in less than a month, because the Reliance Petroleum shares have now crashed from Rs.295 to Rs 195 per share!. These guys have made Rs.100 per share.

isnt it ironic that someone knew that RIL was going to sell a huge quantity of shares and the prices were bound to come down?

My 2nd question is Who financed these traders for their margins? Where has this profit gone? and who bore the loss???

Its innocent small investors who bought Reliance Petroleum shares at the high prices, not knowing that this unholy alliance was indulging in insider trading and making illegal profits while Mukesh Ambani's own company RIL was selling shares without disclosing this to investors!!