GDP growth erases Dubai Debt Fear

Indian market which was expected to may be either crash or go down by some points , showed a positive mood after the GDP growth was released for india.India’s GDP (Gross domestic product) for the 2nd QTR grew at 7.9 percent compared with 6.1 percent in second quarter of 2008.
GDP Data

>Mining and quarrying at 9.5%,
>Manufacturing at 9.2%,
>Electricity, gas & water supply at 7.4%,
>Construction at 6.5%,
>Trade, hotels, transport and communication at 8.5%,
>Financing, insurance, real estate and business services at 7.7%,
>Community, social and personal services at 12.7%
>Agriculture, forestry & fishing’ is estimated at 0.9% .

Mid Month Expiry of Index,Stock Futures and Options.

This is like one of the big change sensex has brought in for index futures and options and Stock futures and options.They have decided to change the expiry of all monthly index futures and options from last Thursday of the month to the third last Thursday of each contract month. Further, expiry date of all Weekly Options Contracts presently available for trading will also be changed from cycle of Monday – Friday to cycle of Friday – Thursday, i.e. expiry on Thursday instead of Friday. The details are given below:
Changes explained for Monthly and Weekly Futures and Options Contracts
Monthly Futures and Options Contracts

1) Monthly Futures and Options contracts of ALL INDICES presently available (Sensex, Mini Sensex, BSE TECK, BSE Oil & Gas and BSE Bankex) for F&O trading for the months of October 2009 and November 2009 expiring on Oct 29 and Nov 26, respectively will retain their existing expiry dates.
2) The December 2009 contract presently expiring on December 31, 2009 will be compulsorily expired on Thursday October 29, 2009 and a fresh December contract with expiry date of December 17, 2009 will be generated.
3) Also on Thursday, October 29, 2009 (expiry of October 2009 contract), the January 2010 contract to be generated will have expiry date as January 14, 2010.

Weekly Options Contracts

1) The change will be in ALL Weekly Options contracts (Sensex, Mini Sensex, RIL, SBI and TISCO) presently available at the exchange.
2) From Monday, November 16, 2009, Weekly Options contracts will be available on Sensex and mini Sensex plus on underlying stocks RIL, SBI and TISCO with expiry date of Friday, Nov 27, 2009, as per current practice.
3) However, from Friday, November 20, 2009, a fresh two-weekly contract is to be generated with expiry date of Thursday, December 3, 2009. Thereafter all SENSEX AND MINI SENSEX AND CONTRACTS ON RIL, TISCO AND SBI WEEKLY OPTION CONTRACTS will be generated every Friday with a two-week expiry.

The trading members may note that, wherever the expiry of a Weekly Option Contract coincides with the expiry of a Monthly Option Contract, the respective Weekly Option Contract will NOT BE AVAILABLE, as the remainder expiry time of the monthly contract will make it akin to a Weekly contract.
In case any members require any clarification, they are requested to please contact their respective Relationship Manager or the BSE F&O helpdesk on 022-2272 3768 or Suhel Plasar (22728436) or Shivam Gupta (22728346) from Market Operations Team.

Follow NSE – NseIndia – National Stock Exhchange on twitter

almost for 6 months both NSEindia and BseIndia have made for sure that they uodate the website with new feauture every month and that is still going on , BSEindia totally have a new look now which i will like to talk about in a different post and now NSEindia is available on twitter may be they just started today , they dont have anything else other than index values as of now , which they are kind of updating may be every 10 minutes or so , i would like them to may be add company announcements to the twitter that way they can follow it up in twitter.

McNally Bharat Engineering bags order wirth 306.45 crore

McNally Bharat Engineering Company Ltd has informed the market that they have received an order for Design, Engineering, Manufacture, Supply, Erection, Commissioning and Performance Guarantee of New Coal Handling Plant in Coke Oven Battery 6 Area (Pkg No. 091) at Rourkela Steel Plant, Rourkela for a value of Rs. 306.45 crores. The Contract has to be finished in 2 years time.

COX AND KINGS IPO Details – Opens Today

Cox and Kings IPO opens today and this IPO is been heavily recommended by all the brokers and investors , IPO grade has been given as 4 , So this might see very good subscription watch this page for subscription and IPO allotment details and more.

COX AND KINGS (INDIA) LIMITED
Symbol – Series CNK EQ
Issue Period Nov 18, 2009 to Nov 20, 2009
Issue Size 184,96,640 equity shares [including Anchor investor portion of 27,44,480 equity shares]
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs.316 to Rs. 330 .
Tick Size Re. 1/-
Market Lot 20 Equity Shares
Minimum Order Quantity 20 Equity Shares
Maximum Subscription Amount for Retail Investor Rs.100000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
IPO Grading IPO GRADE 4
Rating Agency CARE
Book Running Lead Manager INDIA INFOLINE LIMITED
Syndicate Member India Infoline Limited,Axis Bank Limited
Categories FI, IC, VC, MF, FII, FVCI, SIDC, PF, PEF, MLA, BDFI, NIF, BC,FIISA, IND, HUF, NRI ,OTH, EMP and DIR.
No. of Cities with Bidding Centers 58
Name of the registrar KARVY COMPUTERSHARE PRIVATE LIMITED
Address of the registrar Plot No. 17 to 24, Vithalrao Nagar, Madhapur, Hyderabad – 500 081, Andhra Pradesh, India Tel: + 91 40 2342 0815,
Contact person name number and Email id Mr. M. Murali Krishna, Tel: +91-22-40430200 Fax: + 91 40 2342 0814,E-mail: cnk.ipo@karvy.com

Cox and Kings IPO Prospectus can be downloaded from here.
Cox and Kings subscription ratio can be seen here.
Cox and Kings IPO Allotment Status can be Seen here.

Vijay Shanthi Builders hits upper circuit after Plan approval

Vijay Shanthi Builders Ltd has informed the market that the company has got approval for almost 1858500 sq. ft. which is all newly launched project from Vijay shanthi.The company stock hit upper circuit by 10 percent trading at 35 or so.The details of the approval is as follows.
Project Details

1. Project : Lotus Pond- Location : OMR, Chennai – Total Sq. Ft. : 1114176
2. Project : Infiniti – Location : NH4, Chennai – Total Sq. Ft. : 383131
3. Project : Glo – Location : Besant Nagar, Chennai – Total Sq. Ft. : 8115
4. Project : Fountain Square – Location : Aynavaram, Chennai – Total Sq. Ft. : 26856
5. Project : Faber Hills – Location : Salem – Total Sq. Ft. : 326222

Corporate Action From 18th November to 27th November 2009

Corporate Action

Scrip Code Scrip Name Ex-Date Purpose Rs.
526227 FILATE INDIA 11/16/2009 Interim Dividend 1
502937 KESORAM IND 11/16/2009 Interim Dividend 2.25
500039 BANCO PROD I 11/18/2009 Dividend 1.5
517063 JETKING INFO 11/18/2009 Interim Dividend 3
532749 ALLCARGO GLO 11/19/2009 Stock Split from Rs. 10/- to Rs. 2/- -
532749 ALLCARGO GLO 11/19/2009 Interim Dividend 2.5
532885 CENTRAL BK 11/19/2009 Interim Dividend 1
531863 GEEKAY FINAN 11/19/2009 Stock Split from Rs. 10/- to Re. 1/- -
517554 MIDPOINT SOF 11/19/2009 Reduction of Capital -
514486 POLYGENTA TE 11/19/2009 Reduction of Capital -
511726 VIPUL LTD 11/19/2009 Dividend 0.25
501455 GREAVES COTT 11/20/2009 1st Interim Dividend 1
502015 ASSO STONE 11/24/2009 Interim Dividend 0.5
517271 HBL P SYS 11/24/2009 Stock Split From Rs. 10/- to Re. 1/- -
531398 INWINEX PH 11/24/2009 Scheme of Arrangement -
532765 USHER AGRO 11/24/2009 Dividend 0.25
523574 PANTAL RETAI 11/25/2009 Dividend 0.6
570002 PANTALBNDVR 11/25/2009 Dividend 0.7
532702 GUJ PETRONET 11/26/2009 Dividend 0.75
517393 VINTRON INFM 11/27/2009 Reduction of Capital -
517393 VINTRON INFM 11/27/2009 Stock Split from Rs. 10/- to Re. 1/- -

Telecom Price War – Started by Tata Docomo – Per Second Table

This is something that was started by Tata Docomo and everyone are following it , man this was like a big bang for telecom company all the telecom stock price came down to 52 week low and still they are advertising , but finally its the retailers benefiting first time , But there are still catches in the offer that they are doing for making this per second rate.see the following table that was found in Business standard.

What does 1 Paise Per Second Really Mean
Operator What you pay What you get The fine print
Vodafone 1 p/second

(pre-paid customers only) 
Local & STD call rates 1.2 p/second  

for off-net calls and 

1 p/sec for on-net calls #
Must buy a bonus card priced between Rs 50 and Rs 70 to avail 

per-second tariff This card is valid for a year only
Airtel  For pre-paid: Rs 58 for 

the per-second plan (includes  

Rs 50 worth talktime) 

For post-paid: Rentals 

start at Rs 200 

1 p/sec for on-net calls and

1.2 p/sec for off-net calls
Pre-paid recharge card valid for a year;local SMS rates of Re 1 and national SMS at Rs 1.20 Post-paid users get 50 p for local SMS 

and 60 p for national. Also, up to three hours of free local calls and 150 local SMS
Aircel  For pre-paid: Entry charges 

begin at Rs 49 

(does not include talktime)
Flat rate of 1 p/sec for local & 

STD calls across networks 
STD at 1 p/sec applicable up to first eight hours only, after that 2 p/sec to any network Existing users can switch plans by calling a toll-free number
Tata DoCoMo For pre-paid: Rs 49 to avail 

of the per-second plan 

(does not include talktime) 

For post-paid: Rentals start 

at Rs 299 
Local & STD call rates 1 p/sec  STD calls at 1 p/sec for approx 7.5 hours every month, post that STD

calls will be charged 2 p/sec 

For post-paid rental plans of Rs 799 

and Rs 1,099, users pay 1 p per 2 

seconds for local calls, STD stays at 1 p/sec Free 150 min for local calls, 50 min for STD calls, 500 local SMS 

(freebies increase with rentals) 
Reliance 1 p/sec plan; 50 p/minute

plan (both pre-paid and 

post-paid customers 

across all 22 circles) 
Flat rate for all calls i.e. 1 p/sec for  

1 p/sec plan or 50 p/min for 50 p/min

plan across networks
Even roaming calls will cost 1 p/sec or 

50 p/min depending on the plan

New users can start at as low as Rs 60 to subscribe to new tariff plans 

Existing users need to call Reliance 

customer care to switch to these plans 
at no extra cost
BSNL  1 p/sec call rates 

(for pre-paid customers only) 
Local & STD calls at 1 p/sec on own

network and 1.2 p/sec on other networks 
Required to buy a recharge card for  

Rs 45 to avail the per-second plan 

The card gives tariff validity for a year only 
Idea Call rates 1 p/sec

(pre-paid customers only)
Both local & STD calls across networks 

cost 1 p/sec
Requires a recharge card of Rs 49

The card gives tariff validity for a year First 3 local SMSes at 60p, next 100 local SMS free and national SMS Rs 1.20
#On-net: On the operator’s network; Off-net: From operator’s network to other  Note: Tariffs and rentals might vary depending on telecom circles 

Core Projects Collaborates with Oxford University

CORE Projects informed the market that they have made a collaboration deal with University of Oxford in billion dollar Teacher Capacity Building market in India .Based on the release they gave today

“CORE Projects to offer holistic and integrated Global Education Solutions in the Indian Education space through a single window that includes the brick and mortar components, Information & Communication Technologies (ICT) and content.”

Read more here from the website.

Suzlon Energy Up by 8 percent On US Order News

Suzlon Energy Ltd has informed the market that Suzlon Wind Energy Corporation, which is a subsidiary of Suzlon energy india , has won a new order for the community-based Grant County Wind Farm in South-Western Minnesota. USA, Developed by Juhl Wind (Juhl) of Woodstock, Minnesota, the project consists of 10 Suzlon S88 2.1 MW wind turbines and at full capacity will produce 21 megawatts, enough energy to power 7,000 homes in the area.The Execution time is by end of 1st QTR of 2010 , the implementation is already in Full flow.

Vintron Informatics Stock Split and Reduction in Capital – Record Date Fixed

Vintron Informatics informed the markte that they have fixed record date for Stock Split & Reduction of Capital , the stock split is sub-division of Rs. 10/- per share of the Company into the shares of Re. 1/- each & reduction of 90% of paid-up equity share capital of the Company.The record date has been fixed at November 30th 2009.

Pyramid Samira barred from accessing market for 7 Years

SEBI informed on friday that they have bannedPyramid Saimira Theatre Ltd (PSTL) from accessing the capital markets for a period of seven years.Ok what is the meaning of it still im also not sure does it mean there will be no trading or that the company cant do anything in capital market for 7 years , what will happen to the stock those things are not clear will give more update on that.

The ban came after the market regulator found out that PSTL had helped seven individuals to pose as employees of the company and corner shares earmarked for staff during its initial public offering in December 2006.

DEN Network IPO Allotment

DEN Network IPO Allotment is ready and there is no reason to look for allotment as on the retail side its dint even get fully subscribed.The subscription coming mainly in Category of Non-Institutional Investors, which is subscribed 4.12 times.It should be appearing here not sure why they have not still put it in may be they felt as its firm , we dont need to put it .
http://mis.karvycomputershare.com/ipo/