Posts in category All News
China stocks end morning higher but rate cuts don’t dispel fears (26-08-2015)
China’s Zopo enters India, aims to sell 1 mn devices in one year (26-08-2015)
Gold struggles even as equities drop further after China rate cut (26-08-2015)
ValueQuest moat fund portfolio (26-08-2015)
source if you can recall
Rupee trading weak at 66.22 (26-08-2015)
Yuan weakens after central bank cuts interest rates, reserve levels (26-08-2015)
Yuan weakens after central bank cuts interest rates, reserve levels (26-08-2015)
Nifty slips below 7,900 level (26-08-2015)
In the broader market, the CNX Nifty Junior, Midcap and the Smallcap indices are up 1-1.6 percent each. The India (VIX) Volatility index is down nearly 8 percent at 24.7525.
Power Mech Projects makes a muted debut on bourses; lists below issue price (26-08-2015)
Power Mech Projects shares debuted at Rs 600, showing a fall of 6.25 per cent against the issue price on both BSE and the NSE.(Reuters pic for representation only)
Shares of Power Mech Projects, a power infrastructure services company, made a muted debut on the bourses on Wednesday, in an otherwise volatile market and got listed 6 per cent below the issue price of Rs 640.
The stock debuted at Rs 600, showing a fall of 6.25 per cent against the issue price on both BSE and the NSE.
On BSE the stock touched an early high of 663.10 and a low of 585.20. At NSE, the scrip saw a high of Rs 663 and a low of Rs 580.
The Rs 273-crore initial public offer (IPO) of Power Mech Projects, had witnessed a strong investor response, and was over-subscribed 38.10 times.
The company said the proceeds of the issue would be utilised towards expanding the company’s presence globally and to meet working capital requirements.
Power Mech is engaged in three business verticals — manufacturing, testing and commissioning of boilers, turbines and generators and balance of plant (BOP) for power sector, operation and maintenance and civil works which include construction jobs for the main plant and BOP requirements.
As of 11.00 am, shares of Power Mech Projects were trading at Rs 652.65 a piece, while on NSE it was trading at Rs 653 per share.
Sensex, Nifty trade flat (26-08-2015)
The India (VIX) Volatility index is down nearly 8 percent at 24.7525.The breadth is also fairly positive - out of 1,721 stocks traded on the NSE, 998 have advanced and 435 have declined so far. The Energy index has surged over 2.5 percent to 7,657, and the Realty index is up 1.3 percent 160.30. The Bank Nifty, however, is down 0.4 percent at 17,117.