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Indian Stock Market News and Views.

Adani Power IPO

| Filed under News and Views

 

adani group Adani Power IPO

 

 

 

The Adani group’s subsidiary Adani Power which is on the works of completing the country’s largest coal-based Mundra power project in a record time by 2012. The project would be completed in 28 months which would require normally 36 months for the completion. The IPO of Adani Power which was scheduled to hit the capital market in November has been put off due to the worst conditions of the market. The company has filed the DHRP on 20 April, and is now waiting for SEBI’s clearance. The company plans to hit the market with its IPO on July second week. The funds that are to be colleted has been changed from Rs.5630 cr to Rs.2000 cr. 

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Top Dividend Paying Companies

| Filed under Stocks

 

314 nota watering tree 300x253 Top Dividend Paying Companies

 

 

 

 

 

 

The companies have increased the dividend payout to its investors erasing fears that they would tighten with the dividends. There are a good number of companies who have increased their dividend. Of the total data available for 377 companies nearly 131 have made increase with their dividend for the year March 2009. The list is said to include the companies that have closed their books on Dec 2008 and Sep 2008 or June 2008. This move would put some relief to the investors who have been burned by the fall of the Sensex last year. 

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FII’s Latest Cash Inflows

| Filed under Economy

 

mkt fii FIIs Latest Cash Inflows

 

 

 

The Indian Stock Market has witnessed a flow of three-billion dollar mark of Foreign Institutional Investors(FII’s) inflow which makes it over Rs.15725 Cr, out of which two billion came in just five trading sessions. The latest data available with the SEBI shows that FII’s purchase was worth 3.2 billion dollars in 2009 which would make its Rs.15725 cr. On Tuesday alone they had made investment worth of Rs.5044.8 cr(1.06 billion dollars) in the domestic markets.  

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History By SENSEX

| Filed under Stocks

Backed by the authority of a stable government the stock market benchmark index kissed upper circuit two times in a single day. 

BSE was locked at 14272.62 with at 2099.21 points. with 17.24% rise. Nifty locked at 4308.05 with 636.40 points @ 17.33%. but the turn over was less than Rs 1000 cr inclusive of Cash and F&O.Sensex had opened 10.73 per cent or 1305.97 points higher at 13479.39 points to 12011.10. National Stock Exchange’s Nifty was locked at 4203.30, higher by 14.48 per cent or 531.65 points. 

 

The standalone government was the muscle of today’s show with no other interference from the left parties and other regional parties, for the day to day functioning.  BHEL (32.72%), Larsen & Toubro (29.53%), DLF (25.82%), ICICI Bank (25.30%) and HDFC (23.46%) were the top Sensex gainers.833 stocks were positive on the BSE with 11 declines. The new govt is likely to get its first office by Friday and the budget will be out within 45 days, of resuming office.

 

Have your say about this wonderful day? Did you book your profits? Waiting ?