Monday, August 25, 2008

FII DATA

FII25/08: 62.92 Cr. (Prov)

DII25/08: 96.26 Cr. (Prov)

Headlines for the day
Corporate News Headline

Era Infra Engineering bagged a Rs. 1.11 bn contract for upgradation, renovation, and new construction for Commonwealth Games 2010 in the city-based J N Stadium Sports Complex. (BS)
Thermax decided to set up a new Rs. 5 bn manufacturing plant for large boilers of capacity 100 MW to 800 MW for power plants. (ET)
JK Lakshmi is embarking on an expansion plan to set up five ready-mix concrete plants, which could entail an investment of up to Rs. 10 bn by the end of this fiscal. (BS)

Economic and Political Headline
India has set an ambition of achieving USD 660 bn merchandise exports by 2015, maintaining an annual growth rate of at least 23%. (ET)
The Centre asked steel producers to cut prices as and when there was further fall of rates in the global markets. (ET)
The UK gross domestic product was flat at 1.4% to the quarter in April-June, as construction fell, the decline in production accelerated, and growth in the service sector softened. (WSJ)


Strong & Weak futures
This is list of 10 Strong Future Stocks:
Polaris, Indian bk, Ansal prop, Bata, Cummins, Aptech, Bongaigaon, Rolta, Strides arcolab & AIA Eng.
And this is the list of 10 Weak stocks ;
Bajaj auto, Housing dev, Aban, NDTV, Gitanjali gems, indn hotels, cnx100, Tisco, I-Flex &Bombay dyein.
Nifty is in Down Trend.