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Asian markets tumble as Wall Street crashes
2007-07-27 14:21:00
The Wall Street crash brought down markets across the globe, with Hong Kong stocks falling almost 2 percent on Friday, on investors' fear that the bad US credit situation could blow into a full scale financial crisis.China COSCO Holdings Co Ltd, however bucked the falling trend to post a life-time high driven by news about the shipping conglomerate's possible acquisition of its parent company's bulk carrier fleet. There is speculation that it might do so by issuing domestic A shares.The company ended the trading day up 5.4% at HK$13.4.This also led to the Hong Kong index paring gains, but analysts are of the view that weak European markets could hurt it in the coming days.Japan's Nikkei average also dropped 2.16 percent to touch its lowest point in almost three months, as the Wall Street crash and a stronger yen dampened sentiments.The Hang Seng and the Shanghai Composite index have slumped too, with the former shedding 450 points to 22,761, while the latter has dropped 43 point...
More About: Markets , Asian

Global Blues: Sensex drops 546 points to 15,230
2007-07-27 14:13:00
The Sensex , which opened with a huge negative gap of 288 points at 15,488, dropped to a low of 15,160 in noon deals on weak global cues -- down 616 points from the previous close.The index finally closed with a huge loss of 542 points (3.43%) at 15,234. The NSE Nifty ended at 4,442, down 178 points.All the sectoral indices dropped sharply on Friday. The BSE Realty Index plunged over 5% to 7824. The BSE PSU Index dropped over 4% to 6983.The broad market breadth was extremely bearish -- out of 2,575 scrips traded, 1,954 declined on Friday.All Fall DownTata Steel plunged over 7% (Rs 52) to Rs 652. Reliance Communications slipped nearly 6% to Rs 537. BHEL declined over 5% to Rs 1,660.Hindustan Unilever dropped over 4% to Rs 196, and Reliance was down nearly 4% at Rs 1,866.ONGC, SBI, Tata Motors, Wipro and Bajaj also declined sharply on Friday.ITC, however, moved up over 3% to Rs 172. Ranbaxy and Ambuja Cements finished with marginal gains.Most Active CountersReliance was the most active...
More About: Blues , Global , Points , Al B

Apply for DLF ipo,Decent profits for first Quarter,and LONG term for 2yrs
2007-07-01 01:08:00
VIEW:If we see the name and brand of DLF, then it is a good issue. But looking at concerns like, the company has litigation matters of Rs 355 crore and problem in land bank reserves ownership as most of the land is owned by its subsidiaries, then it is an average issue. One more negative point is that its price band of Rs 500-550; it is a very expensive issue. The company should come out with the price of Rs 200-300, which is its actual price after looking at its EPS of Rs 11.31 (Unitech at Rs 11.55). So people should either apply at lower price band of Rs 500 or part payment system, which means one can pay Rs 150 at the time of application and remaining amount at the time of allotment. People can take their own call.DLF is the largest real estate development company in India in terms of the area completed and commercial development (AC Nielsen Report) and DLF's primary business is the development of residential, commercial and retail properties. DLF operations span all aspects of ...
More About: Profits , Long , Term , Quarter

Apply for Vishal Retail Ltd at IPO
2007-07-01 01:06:00
Vishal Retail is a leading retailer in India . It follows the concept of value retail targeted towards the middle and lower-middle income groups. Its business approach is to sell quality goods at reasonable prices by either manufacturing in-house or directly procuring from manufacturers (primarily from small and medium size vendors and manufacturers). The company started as a retailer of ready-made apparels but subsequently diversified its portfolio to facilitate one-stop-shop convenience. Currently, it sells ready-made apparels, home furnishing, household merchandise, and consumer goods.View:Vishal Retail is a good issue. The price band is very reasonable and the company is consumer and investor oriented. People can go for it; they can earn money on listing.Vishal Retail is a good issue. Looking at current P/E of 20x and peers PEx of more than 60-80, the issue looks to be attractive. So investors can apply for the issue.Vishal Retail is a very good issue. The company's fundamental...
More About: Tail , Isha , Vish