Concept Consultants

A board member of IT services firm said that six to seven companies are ready to take over Satyam computers completely besides the private equity funds it also includes global and Indian IT firms.

earlier this week government had appointed Goldman Sachs and Avendus Capital as investment bankers to Satyam Computers, It said that the investment bankers will lookinto this matter seriously and will evaluate their proposals as the process will take a little longer it is expected to be over by next month, However on the other side Mr Tarun Das refused to reveal the names of the companies that are standing as potential suitors for Satyam.  

Results, news L&T, Market Today, maytas, Satyam saga

Markets Opened after long weekend on positive note and held its gains. In today market bank stocks saw lot of movement on account of RBI’s monitory policy in which the RBI left all key rates unchanged,

Nifty Which opened at 2686.05 made intraday high of 2777.30 and finally closed at 2771.35 up by 3.46% even as the CNX IT closed up by 4% and CNX 100 close at 2605.30 up by 3.21%

BSE Sensex Closed at 9004.08 up by 329.73 points
ICICI bank which came out with its results on weekend traded in the rage 389-359 and closed at 381.10 up by 4%. Bank of Baroda up by 5.25%, IDBI up by 3.26%, and SBI up by 4.43% are the other banks stocks which saw upward movement in today’s trade

ADAG group stocks also had good run in today markets as all group stocks closed on green, Reliance Infra, closed at 539.40 up by 10.69%, Reliance Capital closed at 397.95 up by 4.63%, R- Com closed up by 6.86% at 171.30.

Other NIFTY Stocks to gain in today’s trade are NTPC, SUN PHARMA, ZEE LTD, CAIRN INDIA and Reliance Industries. Even IT stocks and power stocks saw lot of buying. TATA Power and

Metal index surged 5.55% or 245.64 points, to 4,672.64. Jindal Steel, Sterlite Inds and Hind Zinc went up 9-12.5%. JSW Steel, Tata Steel and SAIL were up 3-4%. Sail also announced its q3 Number today.

Top loser in today market are Gail, ONGC, Suzlon, Asian Paints

Indian Market News, news BSE, IT CNX IT, Market Today, Nifty, NSE, Sensex

Midcaps stocks which came out with the Q3 results today, did not have good response for the markets,

Mid cap Index closed at 3323.25 down by 1.53%

Most of the share price came down nay where between 5-15%, even stock which announced the results yesterday and had bad run in the market continued their fall even today. United Sprit which had lost quite lot on yesterday trade lost even in today trade and closed at 479.70 down by 15.70%

Other Stocks which lost in today trade are Canara Bank, Welspun, Tata Sponge, Jayshree Tea.

Rolta Lost about 9% and clost at 73.60, Ivrcl Infra closed at 95.80 down by 6.78% Alostom Projects at 235.25 down by 5.76%.

Even the Mid cap Movement socks like Educomp, Aban Llyod, Punj llyod, Divis Labs all closed lower on account of not so good q3 results for other midcap stocks.

NSE CNX Nifty closed at 2678.55 down by 35 points, and BSE Sensex closed down by 139 points at 8674.35 CNX Midcap Index Closed at 3323.25 down by 1.53%

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Most of the Banks which announced the Q3 results today had lot of selling pressure, and closed lower, CNX Bank Nifty Closed at 4082.15 down by 4.84%

Bank Stocks which lost most are Canara Bank, ICICI Bank, Union Bank, and Vijaya Bank, Axis Bank, Kotak Bank, and Bank of India.

Canara Bank Closed down by 14.64% on even after good set of Q3 Numbers, market news is that the Bank has some exposure to Maytas, Satyam Computer

Top loser of Banking Sector are
Canara Bank down by 14.64% and closed at 174.30
Orient Bank down by 8.13% and closed at 142.70
Axis Bank down by 7.63% and closed at 384.30
Kotak bank down by 7.49% and closed at 256.15
Bank Of India down by 6.29% and closed at 230.50

Even country’s largest Bank SBI closed down by 4.48% at 1041.50

NSE CNX Nifty closed at 2678.55 down by 35 points, and BSE Sensex closed down by 139 points at 8674.35 CNX Midcap Index Closed at 3323.25 down by 1.53%

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On the day when many Midcap stocks announced their results the broder markets came down heavily and closed on week note.

NSE CNX Nifty closed at 2678.55 down by 35 points, and BSE Sensex closed down by 139 points at 8674.35 CNX Midcap Index Closed at 3323.25 down by 1.53%

Most of the Banks announced the results today had lot of selling pressure, and closed lower, CNX Bank Nifty Closed at 4082.15 down by 4.84%

Bank Stocks which lost most are Canara Bank, ICICI Bank, Union Bank, and Vijaya Bank, Axis Bank, Kotak Bank, and Bank of India.

Canara Bank Closed down by 14.64% on even after good set of Q3 Numbers, market news is that the Bank has some exposure to Maytas, Satyam Computer

Axis Bank, Bank of India, Kotak Bank all lost more than 7%

Other most talked sector Infrastructure stock saw lot of selling, stock like IVRCL Infra, GMR Infra, JP associates closed lower.

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On Results day markets opened marginly up and then closed on flat note

Stock like Educomp which in news for last two days has recovered in today market and closed at 1788.65 up by 21%

Nifty Closed at 2713.80 up by just 0.28% and BSE Sensex at 8813.84 up by 34 points.

Top gainers of the today’s trading are Nalco, Bharti airtel, Power grid, Cairn India
Top loser of the today’s trading are Zee, DLF, Ranbaxy, Hindalco, Unitech.

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Markets opened week on global cues and held on the negative mood in the markets today, even as the news on power sector bought some life to the range bound trading still the markets closed lower.

Nifty touched high of 2842.90 in opening trade and closed 49 points down at 2796.60 and BSE Sensex closed at 9100.55 down by 229 points.

On the News CERC hiking the ROE from 14% to 15.5 and extra 0.50% for on schedule compilation of projects all power and power related stock zoomed.

Power sector leader like TATA Power and NTPC saw sudden spike in market.

Nifty Top gainers in today’s trade are Power Grid 12% Reliance Infra, and Satyam Computers

Nifty top loser are Zee 7.94%,Tata Steel 6.47% Ambuja Cements 5.79% and Bharti Airtel 5%.

Stock like Reliance Capital and Polaris gave good Q3 numbers at the same time MRPL showed huge net loss and also has huge loss on its inventory

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Markets have been trading in range of 2700-2830 in last three days on Wednesday markets closed above 2800 and on Thursday closed below 2800, but today the Nifty came back above 2800.Today’s market rally was supported by the Sail up by 8%, Hcl Tech up by 7.79%, Reliance Indus, up by 6.89%. Satyam saw some buying by trader and closed at 24.60 up by 21.18%Stocks which announced results today are HCC, Bajaj Auto, Vimta Labs had mixed response, HCC closed almost 10% down, and Vimta was Top loser in the markets lost about 15% and closed at 22.45. HCC, Rolta, Sasken were among the top weekly losers.
 

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Taking the Global cues Indian markets opened lower and closed in red today, the NSE 50 stocks nifty closed 98.80(-3.48%) lower at 2736.70 and the BSE 30 stock Sensex closed at 9046.74 down by 323 points.

Even the Asian markets also closed lower today, and Europe opened lower too.

ADAG group stock which saw lot of short covering in yesterday trade got beating today and closed lower, R-Com 174 down by 6.26%, Reliance capital 412.50 down by 4.75%, Reliance Infra 502.90 down by 3.91%, RNRL 51.85 down by 4.42%.

The other index stocks which bought the markets down are ICICI Bank Infosys Tech, TCS, Wipro, Satyam Computers which has in news for some time now has closed at 20.30 down by 31.99%.

ICICI Bank which opened at 429 in first trade made low if 398.90 and closed at 408.65 down by 7.36%.

IT, Banking, Metal, and Realty indices closed down by 4.5-5.7% .

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Market which opened lower today traded in range for most part of the day, but in afternoon the market took plunge and closed lower level.

Nifty which has huge resistance at 2800-2830, tested 2800 and fell, Nifty could not cross the 2800 level while day. in the end the nifty closed at 2774.95.

Sensex also closed 38.69 below yesterday close and closed at 9071.36,

Rolta Ltd, BRFL, and Polaris, saw huge selling in afternoons trade and closed off their lows

Rolta saw huge Selling on the news that some the bankers with whom the company’s shares being pledge are selling the shares, the company denied the reports and clarified no bankers are selling the shares.

Other stock such as Rcom, Unitech ,  Satyam Computer, Cairn India were among top losers.

Infosys which gave its Q3 results today saw some buying, even Wipro which has lost yesterday on the word bank news opened at Rs.200 bur recovered at the end of trade and closed at 241.

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