The index is trading at a P/E of over 19 times. After trading in the range of 15,100-16,000 during the period between the middle of July and September 7, 2009, the BSE Sensex has finally crossed and closed above the upper band. Not only has the Sensex doubled from its multi-year lows (on…

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The report stated that the exchange will also cut transaction fees for trades done in the futures segment. The National Stock Exchange of India Ltd. (NSE) will levy fees to prevent traders from placing a very large number of unproductive orders that don’t result in trades in the future…

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Hyderabad: OIL India Ltd, whose Rs 2,772-crore IPO is set to open on September 7, is not jittery about the lukewarm response NHPC’s issue got from the bourses on Tuesday. NHPC’s shares closed marginally above the issue price on Tuesday. Talking to press persons as part of the…

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Oil India IPO subscribed 1.28 times on day 1, QIB portion 2.3 times ((issue closes on September 10)) Wall Street Finance -BK Modi acquires 51% stake in Wall Street Finance -Spice Investment acquires 14.4% stake in via block deal at Rs 55/share -Spice Investment acquires remaining 36.6…

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International gold prices may touch US$1,200 an ounce by the end of December, 2009 Suresh Hundia, president of the Bombay Bullion Association, said that investment demands by gold exchange-traded funds and China buying more gold reserves will help achieve this target. Gold steadied belo…

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Cadbury has rejected the bid but Kraft said it was committed to working toward a recommended transaction and to maintaining a constructive dialogue Stocks in Europe rose with food companies among the top performers after Cadbury received and rejected a takeover offer from Kraft Foods. Ca…

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The Sensex soared above 16,000 on the back of strong global cues and hopes of an easing recession. The Nifty too ended at a fresh 15-month high at 4,783.The Bombay Stock Exchange benchmark index opened with a positive gap of 104 points at 15,793, mirroring gains in Asian markets. The ind…

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MUMBAI: The financial services unit of Larsen & Toubro Ltd is in talks to buy Cholamandalam DBS Finance’s domestic mutual fund operation, two sources familiar with the matter said. “We are working on their behalf,” one source said, referring to L&T Finance, a …

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CALL CLOSED (LONG TERM INVESTORS – HOLD IT) Buy SE Investments. Current market price: 41.6(after split). Long term target: 82.3. Book value: 44.5. P/E ratio: 4.08. The philosophy of the Company is deeply rooted in the Indian tradition of ‘business with a social conscience’ and …

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It’s almost becoming a trend. Ashwini Sharma, a management graduate working with a broking firm, booked profit as he expects the markets to fall. His friend Gunjan Khare also booked profit partially. The reason for selling their stake was the same. They are afraid about the fast re…

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