In this IPO 225 shares application will allot near by 22-25 shares and listing near by 800-825. QIB and HNI refund will back monday or tuesday and retail will receive at friday.
IN THIS STOCK MARKET FALL FIRST DAYS INVESTER IN F&O DIES, SECOND DAY SOME BROKERS DIE, NEXT NUMBER IS FOR GRAY MARKET JOBBER THEY WILL BE KILLED BY THIS MARKET. THIS IS GOOD FOR MARKET ONLY GENINUE INVESTORS HAVHING LONGTERM HORIZON WILL STAY IN MARKET.
Banking shares took the lead from power and realty and take the market higher ahead of Reserve Bank of India’s half-yearly monetary policy review next week. The major thrust came in from index heavyweights ICICI Bank (up 7.52 per cent) and State Bank of India (3.18%), driving the BSE Bankex up 5.61 per cent to 11,176.59. Bank of Baroda (up 8.12%), Axis Bank (7.7%), Punjab National Bank (6.88%) and Bank of India (5.64%) lent support.
RBI governor YV Reddy had Monday said the risk of a US recession will be an important consideration for the review. The review comes in the backdrop of a slowdown in industrial production in November, prompting many industry bodies to ask for interest rate cut.
But with inflation rising to 3.79 per cent in the week to Jan 5 and the government mulling a fuel price hike in view of higher crude oil prices overseas, the Indian central bank may hold its key interest rates. State Bank of India shares picked up steam after the country’s biggest bank by assets reported a 70 per cent rise in third-quarter net profit to Rs 18.09 billion on strong loan demand, beating market forecasts.
At end-December, SBI's deposits grew 26 per cent to Rs 5,101.32 billion from a year ago, while credit advances grew 25.6 per cent to Rs 3,953.43 billion. In the next few months, the bank plans to raise $4.3 billion in rights share issue.
ICICI Bank’s plans to raise up to $1 billion by selling stake in its investment banking and securities arm, ICICI Securitie, in the next four months might also have spurred the bank’s shares. The Mumbai-based bank also plans to monetize its investments in other units such as insurance joint ventures and asset management company.
I have a demat a/c in sharekhan and normally I trade online. Now I want to transfer some shares in my account to a newly created demat a/c of a friend of mine. How can I transfer online?