Below are some Decent Stock for Log term Investors 2008-09

Reliance Communications

Reliance Petroleum

Glenmark Pharma, Educomp solutions and Divis Lab

L&T

Reliance Industries

Welspun Gujarat

IDFC

Investors in Tata Steel (corus), Hindalco and Tata Motors (Nano) will need to wait 2-3 years to get real benefits.

Tata Chemicals, Matrix Labs, Infosys and Indian hotels are my wild bets for long term investors.
Zylog systems is a good stock among the new businesses. I have doubts over Everonn valuations.

Gateway Distriparks may bounce back at any time. It has good prospects in the logistics .

To Read more please click here >>>

Source and credit:stockmarket.india-guides.com

WASHINGTON, Feb 6 (Reuters) - Archemix Corp on Wednesday filed with the U.S. Securities and Exchange Commission to withdraw its plans for an initial public offering, saying unfavorable market conditions would adversely affect the IPO.

The biotechnology company had planned to sell 4.5 million shares in the range of $12 to $14 each.

Bear Stearns & Co and Cowen and Co were underwriting the IPO. Archemix had planned to list its shares on the Nasdaq under the symbol "ARCH." (Reporting by Karey Wutkowski)

Please visit reuters.com for more informations.

Source and credit:- reuters.com

EmaarMGF Land Ltd, a joint venture between Dubai’s Emaar Properties and India’s MGF Developments, Friday announced that it had withdrawn and postponed its initial public offering (IPO) to a later date.


The company did not mention when it would consider floating its shares again.

“Emaar MGF Land Limited has withdrawn and postponed its initial public issue to an appropriate time,” the company said in a communiqué.

“The company decided to take this step as a result of the prevailing adverse market sentiments, fuelled by renewed indications of a US recession and global meltdown,” it said.

EmaarMGF, whose IPO opened Feb 1, had to cut the offer price twice following weak response from the investors.

The price band, which was originally set at Rs.610-690 a share, was first reduced to Rs.540-630. Earlier this week, the lower end was further reduced to Rs.530 a share.

Through the IPO, the real-estate firm planned to raise $1.64 billion, down from the earlier projection of $1.8 billion.

“Given the prevailing sentiments in the capital markets, it was unclear how well the stock would trade post listing; it has been considered wiser to revisit the markets only when the demand and sentiment is stable and better providing greater value to the investor,” the statement said.

“EmaarMGF remains committed to executing its projects in hand and is well funded to ensure that this delayed IPO will not hamper its growth plans. The company expects to return to the market at a later date when sentiment and liquidity conditions are better,” it added.

The IPO had received applications worth Rs.57.79 billion, while its retail portion got over 22,5000 applicants.


To read more please visit:- freshnews.in
Source and credit:- freshnews.in

Volatile market claimed its first victim in the stock market Thursday when Wockhardt Hospitals Ltd quietly withdrew its Initial Public Offering (IPO).

The issue was subscribed by a mere 18 per cent on the last day of its closing Thursday. The company plans to refund the entire IPO money within 15 days.

For listing on the bourses, 90 per cent of the issue must be subscribed. Wockhardt had attempted to salvage the issue by extending the subscription closing date from Feb 5 to Feb 7.

The IPO of 25 million shares opened for subscription initially in the price band of Rs 280 to Rs 310.

To Read more please visit:- sify.com/finance
Source and Credit:- sify.com

PITTSBORO, NC—Biolex, a company focused on producing proteins hard to synthesize via the plant Lemna, a duckweed, has withdrawn its registration for an $80 million IPO, citing “unfavorable market conditions.”

The company had planned to trade on Nasdaq.

Biolex raised about $100 million in VC funding since 1997. Investors include Intersouth Partners, Johnson & Johnson Development Corp., Quaker Bioventures, Polaris Venture Partners, Investor Growth Capital, Mitusi & Co. Venture Partners, JP Morgan Securites, Easton Capital, and Dow Venture Capital.

Intersouth holds the largest stake at 20.3 percent.


Source:- techjournalsouth.com

Check Reliance Power Allotment, REPL IPO Allotment Status :-

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It was a highly dramatic and scary day for markets as markets saw their biggest ever fall. It was the worst day of trading in our trading history as the pace of the fall was unnerving. We started weak and with heavy bouts of selling was seen during the day with Sensex and Nifty down almost 12% at one point of time. Sensex went below 17,000 mark during the course of the day and Nifty sub 5000 mark.

Sensex closed down 1,408.35 points or 7.41% at 17605.35, and the Nifty down 496.50 points or 8.70% at 5208.80.

About 213 shares have advanced, 2746 shares declined, and 22 shares are unchanged.

Before this the markets saw the second highest point fall on May 18, 2006; Sensex was down 826 pts (6.76%) on account of Government circular on taxing investment gains; heavy selling by FIIs, retail investors and a weakness in global markets.

On April 28, 1992; Sensex was down 570 pts (12.77%) on account of Harshad Mehta securities scam. On May 17, 2004; Black Monday. Sensex was down by 565 points on concerns over NDA losing election to loses BJP.

It has not only been the pressure from global peers but on the domestic front also with increased unwinding pressure the fall has been accentuated.

Even experts were a bit shaken and shocked with the nasty fall. According to Raamdeo Agarwal with global news not favourable there might be a further fall in the markets. He feels that Indian markets can't remain isolated when selling is seen in markets across globe including Asia.

Markets broke all the important technical and psychological levels.According to analyst the scenario was similar to the May 2006 fall. There is pressure due to triggering of margin call. Nifty Futures is trading at 100 points discount.

India was the worst performing market today in Asia; US recession fears have aggravated which led to Japan's Nikkei declining 3.865% or 535.35 points, Hong Kong's Hang Seng tumbled 4.425% or 1115.12 points Singapore's Straits Times slipped 3.23 and South Korea's Seoul Composite fell 2.95%.

Europe is trading extremely weak with DAX down over 3% followed by CAC and FTSE.

After seeing a sharp fall of over 15%, the BSE midcap and smallcap index closed down 10%.

Realty, metal, midcap index have collapsed, however all the BSE indices were trading with huge cuts. BSE realty and metal index were down over 13%, followed by power and oil & gas index was down over 10%. Pharma and auto were down over 7%.

Among the biggest midcap losers Nagarjuna Fert, WWIL, Oswal Chem down 33%, Essar Oil down 30% Ispat Ind was down 30%, Bajaj Hind down 28% and Chambal & Arvind down 26%.

Among the top Nifty losers RPL, REL, Bajaj Auto were down 19%, Tata Power down 16%.

The BSE Midcap Index ended at 7,881.99 down 11%.

The BSE Smallcap Index ended at 10,911.66 down 10%.

The BSE Bankex ended at 10,582.01 down 7%. ICICI Bank, Centurion Bank, HDFC Bank, Federal Bank, Canara Bank moved downwards.

The BSE Capital Goods Index closed down 7% at 17,087.82. Triveni Engg, Siemens, L&T, Thermax closed lower.

The BSE Auto Index closed at 4,664.53 down 10%. Hind Motors, Bharat Forge, Tube Investment, Maruti Suzuki, Apollo Tyres closed lower.

The BSE Metal Index closed at 14,963.38 down 13%. Among the top losers were Jindal Steel down 27%, SAIL down 13%, Tata Steel down 8%.

The BSE FMCG Index closed down 6% at 2,173.21. Colgate, ITC, Bata India, Godrej Consumer, HUL, GlaxoSmith Con closed lower

BSE Oil and Gas Index closed at 11,089.33 down 12%. RIL down 9.3%, ONGC down 7.9%. Reliance Natura, HPCL, RPL also ended in red

BSE power index closed at 3,828.81 down 11%. Torrent Power, NTPC, Reliance Energy, Tata Power, Power Grid Corp, Crompton Greave ended in red.

The BSE IT Index was down 6% at 3,573.25. I-Flex Solution, Patni Computer, Financial Tech, Mphasis, Tech Mahindra, TCS, Infosys closed lower.

The NSE cash turnover was at Rs 24508.6 crore and the NSE F&O turnover was at Rs 82241.65 crore. The BSE cash turnover was Rs 9305.91 crore. Total market wide turnover was at Rs 116056.16 crore.

Source: moneycontrol.com

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The Sensex and the Nifty have crashed to 16,951.50 (down 2062.20 points or 10.85% and 5145 (down 560.30 points) respectively as panic stricken investors keep pressing sales on the major Indian bourses this afternoon.

Stocks across the board have succumbed to the onslaught and it now appears that only a significant contribution (as buyers) from institutional investors will pull the market out of the shambles that it is in at present.

The market, on so many occasions in recent years, had shrugged off weak global trend. So confident were the participants about India Inc growth story and about strong economic fundamentals that they used to ignore weak global markets. But the recent debacle on global bourses has certainly sent shock waves and the fact is illustrated by the heady plunge the Indian stocks have made since last Monday.

ACC, down 18.45%, is the biggest loser in the Sensex. NTPC has tumbled 17.55%. Reliance Communications has plunged 16.4% and Hindalco has lost 14.8%. Ambuja Cements, BHEL, DLF, Grasim Industries, ICICI Bank, Larsen & Toubro, Reliance Industries, Reliance Energy, State Bank of India and Tata Steel have lost 10% - 13% now.

Source: sify.com/finance

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The benchmark indices Sensex and Nifty recorded their worst ever outing in terms of points lost today as panic stricken investors kept pressing sales across the board right through the session.

It was a highly negative start for the stocks - the sector or size was no consideration - this morning as weak global markets sent prices crashing down sharply. The situation turned from bad to worse as the session progressed as participants, not willing to take chances, stayed wary of opting for the buy button even at lower levels. Margin calls from brokers accentuated the fall.

So sharp was the erosion in values of blue chip stocks cutting across sectors that the Sensex crashed by over 2000 points to 16,951.50 this afternoon, a fall sharp enough to halt proceedings on the exchange had it happened a few minutes earlier. (A 10% fall of the Sensex before 1 p.m., would have halted trading for an hour. A 30 minute suspension is what the exchange prescribes for a 10% fall of the barometer if that happens between 1 p.m - 2.30 p.m.). The Nifty was down by 728.30 points at 4977.10 a little past 2.30 this afternoon.

While the Sensex ended the session at 17,605.35 with a loss of 1408.35 points or 7.41%, the Nifty settled at 5208.80, netting a loss of 8.7% or 496.50 points.

Having stayed somewhat immune to global happenings for long, equities on the Indian bourses had started sliding down since the beginning of last week. And, after five successive days of losses, they plunged even more sharply and must certainly have shaken even a hardcore optimist.

The Sensex drew a blank today with none of its components making it to the positive territory. Satyam Computer Services, which had opened on a weak note and was down with a loss of over 10% at one stage this morning, ended marginally behind its previous closing price. However, the stock ended with a gain of nearly 3% on the National Stock Exchange. All other Nifty components ended in the red today.

Reliance Energy, which went down by 16.35%, was the biggest loser in the Sensex. ACC (down 15.85%), Bajaj Auto (down 15.2%), NTPC (down 14.15%), Reliance Communications (down 12.7%), Hindalco (down 10.3%) and DLF (down 10.15%) also finished with big losses.

Index heavyweight Reliance Industries plunged 9.45% to Rs 2544.20. Tata Motors and BHEL eased by over 8%. ONGC, Mahindra & Mahindra, Tata Steel, Tata Consultancy Services, State Bank of India, Hindustan Unilever, Larsen & Toubro and Ranbaxy Laboratories lost 6% - 8%.

Cipla (down 5.9%), ICICI Bank (down 5.8%), Bharti Airtel (down 5.2%), Infosys Technologies (down 5.05%), ITC (down 4.35%), HDFC (down 4.25%), Maruti Suzuki (down 3.85%), HDFC Bank (down 3.7%), Ambuja Cements (down 3.6%) and Wipro (down 3.4%) also ended with sharp losses.

Reliance Petroleum (down 17.55%) was the biggest loser in the Nifty. Tata Power, VSNL, Suzlon Energy, Unitech, SAIL, Idea Cellular, GAIL India and Sterlite Industries went down by 11% - 15%.

Cairn India, BPCL, Dr. Reddy's Laboratories, Hero Honda, ABB, HCL Technologies, GlaxoSmithKline Pharma, Zee Entertainment, Siemens, Punjab National Bank and Nalco also finished with big losses.

Motherson Sumi and Simplex Infrastructure were the only gainers from the Midcap index. Among stocks from the Smallcap index, Diamond Cables, Subhkam Capital, GL Hotels and Lakshmi Overseas finished with gains. While the BSE 100 index drew a blank, Asian Paints and Container Corporation - they moved up by over 2% - were the only gainers from BSE 200 index. The BSE 500 had just five gainers with stocks cited above being the ones to make the grade.

All the sectoral indices tumbled. The Metal, Oil & Gas, Power, PSU and Realty indices went down by 10% - 13.5%. The Auto index lost 9.39%. The Bankex, Consumer Durables, Capital Goods, Healthcare and Teck indices lost 6.75% - 8.5% while the FMCG and IT indices eased by 5.62% and 5.73% respectively.

Mirroring the huge sell-off in midcap stocks, the BSE Midcap nosedived by 11.38%. The Smallcap, suffering a loss of 10.27%, fared only marginally better.

The market breadth was pathetic. Out of 2811 stocks traded on BSE, only 139 stocks ended with gains. 2657 stocks finished with losses and 15 stocks ended at their previous closing levels.

Source: Sify.com/Finance

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