Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: form 3cd :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT Audit :: ACCOUNTING STANDARDS :: due date for vat payment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: empanelment :: TDS :: cpt
« Markets »
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?
 Sebi mulls allowing foreign VCs in infra investment firms

Market gains on short covering, RIL up 2.55%
June, 24th 2008

Indian markets opened in negative territory on Tuesday but recovered sharply led by stock specific short covering as June F&O expiry nears. At 11:26 am, NSE 50-share Nifty was up 0.63 per cent at 4293.

Nifty June futures price gained 0.64 per cent and added 13.8 lakh shares in open interest. July futures price advanced 0.46 per cent and open interest added 14 lakh shares. Nifty June futures was at a premium of 10 points. However, July futures was at 12 points discount to the spot. This indicates rollover of short positions to the July contract.

Nifty call of strike 4300 added 1.77 lakh shares in open interest and 4400 added just about 10,900 shares. Put of 4300 on Nifty added 3 lakh shares in open interest and 4200 added 2.68 lakh shares. Options data signifies Nifty should face strong resistance at 4300 while support is seen at 4200 levels.

In stocks futures, Reliance Industries June jumped 2.55 per cent while shed 85,000 shares in open interest. Reliance Petroleum gained 0.95 per cent while open interest shed 63,000 shares. Ranbaxy climbed 2.86 per cent. The contract shed 4,800 shares in open interest.

Reliance Capital June price rose 1.87 per cent. Larsen & Toubro June fell 0.15 per cent. Reliance Communications advanced 1 per cent and it added 1.6 lakh shares in open interest. ICICI Bank contract price increased 1.4 per cent and added 3 lakh shares in open interest.

Renuka Sugars jumped 2.7 per cent. State Bank of India gained 2.7 per cent, Suzlon climbed 2.71 per cent and DLF advanced 1.4 per cent and NTPC June price increased 1.3 per cent on short covering.

Cairn India marginally gained 0.07 per cent and open interest added 2.93 lakh shares. HDFC June price added 1.37 per cent and HDIL rose 1.7 per cent while open interest shed 2,800 shares.

Asian stocks fell for the fourth day as steelmakers dropped after China agreed to a record price rise for iron ore. Crude oil was trading firm above $136 per barrel.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions