Nifty Today : March 26,2008

source : Nse India

The Market was range bound in the mid-morning trade with derivatives expiry underway. Metal and realty stock were in demand. IT stocks slipped after rising for two consecutive sessions.The market drifted lower in afternoon trade as investors chose booking profits after the previous day's 5.81% jump. S&P CNX Nifty closed at 4828.85 down by 48.65 points

Top 3 gainers on Nifty
1.TATASTEEL
2.IDEA
3.HDFC

Top 3 losers on Nifty
1.NATIONALUM
2.HINDUNILVR
3.ICICIBANK

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)

Category : FII
Buy Value : 3133.5
Sell Value : 2739.59
Net Value : 393.91

Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment(In Rs. Crores)

Category : DII
Buy Value : 1063.92
Sell Value : 1172.57
Net Value : -108.6

So, the net sellers in the market are Domestic Mututal Funds mostly.

AAA series: A day , An Abbreviation : ADRs

ADRs:
American Depository Receipts

Did you hear about the Indian ADRs like Infosys,Satyam,Tcs,ICICI Bank etc in the market reports and news ? What are these ADR's ? How are they different from stocks that we trade regularly ?

Continue reading below to find answers to the above.

ADR is a stock that trades in the United States but represents a specified number of shares in a foreign corporation.

ADRs were introduced as a result of the complexities involved in buying shares in foreign countries and the difficulties associated with trading at different prices and currency values.

ADRs were first introduced in 1927.

Two banks are generally involved in maintaining an ADR on a US exchange: an investment bank and a depositary bank.The investment bank purchases the foreign shares and offers them for sale in the US.The depositary bank handles the issuance and cancellation of ADRs certificates.The depositary bank sets the ratio of ADRs per home-country share. This ratio can be less than or greater than 1.

ADR's carry basically 3 levels of risks

1.Political Risk
2.Exchange Rate Risk
3.Inflationary Risk

Its Cricket Time : SA vs IND : MA Chidambaram Stadium in Chennai

YO YO, cricket fever is back.

1St test started b/w IND vs SA. SA won the toss and elected to bat first.

Here are some of the links, which I searched in google.
Please note, none of these links I own and none of them is tested

MMS

http://free.streamsmania.com/mms.php (Excellent)

TVU Player

http://free.streamsmania.com/tvu.html

Sopcast

http://free.streamsmania.com/sop.html
http://free.streamsmania.com/sop2.html
http://free-live-cricket-streams.blogspot.com/


Mixed
http://indialive.freehostia.com/cricket.html
http://www.tariksworld.com/2007/11/cricket.html
http://www.myindianpad.com/cricket.html

Walstreet Today : March 25,2008

Source : CNN

Walstreet almost ended flat today with minimal gains in Nasdaq,S&P and minimal loss in Dow Jones. Dow down by 16 points ( - 0.13%) , NASDAQ up by 14 points (+0.61%) and S&P up by 3 points( 0.23%).

Triggers :
1. Weaker than expected on new home prices. The prices dropped by 10.7% in Januaray in 20 Key markets
2. Weaker report on consumer confidence which slumped to 64.5 in March from 75 in Feb
3. Treasury Secretry comments on Social Security System that "the current system isn't sustainable financially and will run dry in 2041 unless quick action is taken to fix it."
4. Valero Energy, the oil refiner warned that first-quarter earnings won't meet forecasts
5.Crude oil for May delivery rose 36 cents to settle at $101.22 a barrel
6.COMEX gold for April delivery rose $16.30 to settle at $935 an ounce
7.The dollar gained versus the euro and fell versus the yen

Impact On India : Indian Markets should open flat today and can lose all the gains becasue of profit booking. Also thing to watch out is F&O expiry. Lets see if Nifty can stay above 4700 levels or not by end of the day!

Nifty Today : March 25,2008

source : Nse India

The market surged in opening trade on reports of JP Morgan raising Bear Stearns acquisition price by 5 times and US economic data that showed US new home sales had risen 3% in February 2008. All the sectoral indices were in the green. Banking and IT stocks lead the rally. The market breadth was strong. S&P CNX Nifty closed at 4877.50 up by 267.65 points

Top 3 Nifty Gainers
1.DLF
2.REL
3.UNITECH

Top Losers includes
1.SUNPHARMA


FII(provisional) trading activity on NSE and BSE on Capital Market Segment

Category Buy Value Sell Value Net Value
FII 5020.45 3774.33 1246.12

Domestic Institutional Investors(provisional) trading activity on NSE and BSE on Capital Market Segment

Category Buy Value Sell Value Net Value
DII 1413.7 1013.73 399.97


Coming up Next : Report on Walstreet Today : March 25,2008

Know your Stock : Infosys

One more new series "Know your Stock". I will go over the Nifty stocks one by one in this series and will conduct deep dive to provide you all the information that every investor need to know. Enjoy the reading and benefit from it.

Asusual , leave your comments and feedback.

INFOSYS TECHNOLOGIES LTD

Industry : IT - Computers & Software
BSE Code : 500209
NSE Code : INFOSYSTCHEQ

website : http://www.infosys.com

Management Team :

N R Narayana Murthy - Chairman & Chief Mentor
S Gopalakrishnan - Managing Director & CEO
Parvatheesam K - Company Secretary & Compliance Officer

Links of Interest:

1. Infosys to announce Fourth Quarter and Annual results on April 15,2008

2. Quarterly and Annual Reports

3. Balance Sheet

4. Cash Flow Statement

5. Guidance Vs Actuals


Stay tuned for more..

AAA series: A day , An Abbreviation

Welcome to this new AAA (A day, An Abbreviation) series , which will take one financial domain abbreviation a day and explain it in detail. Hope you enjoy reading this series and benefit from it. You can leave your comments and suggestions if any.

ADB :
Asian Development Bank

The Asian Development Bank (ADB), a multilateral development finance institution, promotes economic and social progress by fighting poverty in Asia and the Pacific.

Website : Asian Development Bank
Head Quarters : Manila
Established : 1966
Member Countries : 67

It contributes low interest loans, guarantees, grants, private sector investments, and knowledge and advice to help build infrastructure and improve essential services such as health and education to boost quality of life

ADB's focus is on encouraging economic growth, social development, and good governance, while promoting regional cooperation and integration in partnership with governments, the private sector, and nongovernment and international organizations.