| JANUARY STOCKOPTIONS - RAJKAMALSTOCKOPTIONS | ||||||
| STOCK | DATE | STRIKE | ENTRY | SL | CLOSED CALL | P/L-2LOTS |
| FRL | 20/01/14 | 90 CALL | 1.9 | INTRADAY | 2.6 | 5600.00 |
| YESBANK | 20/01/14 | 360 CALL | 8 | INTRADAY | 10 | 4000.00 |
| 9600.00 | ||||||
Monday, January 20, 2014
stock options performance report - JANUARY
HOT PICKS FOR FUTURE TRADING - POSITIONAL ONE WEEK
Now at 169, Great Opportunity..............target heading 172, 174
Yesbank Fut Now at 357 , If stays above 356..............then will zoom to 359, 363, 366
Grab it if u have lion's heart................
Sunday, January 19, 2014
Biocon's breast cancer drug 'CANMAb' to hit markets next month
Biocon's breast cancer drug 'CANMAb' to hit markets next month
By PTI | 18 Jan, 2014, 03.57PM IST
NEW DELHI: Biotechnology major Biocon will start selling breast cancer drug 'CANMAb', developed jointly with US-based Mylan, in the country from next month.
The company said the drug, which would be manufactured at its biologics facility in Bangalore, will be sold to the patients at a discount, Biocon Ltd said in a statement.
CANMAb will be available at about 25 per cent discount to the current list price of the reference product - Roche's Herceptin - in India, which is already significantly lower than its price in developed markets, it added.
Herceptin 440mg, is currently sold at Rs 75,000 in the country. Biocon's product would be available in 150 mg and 440 mg strengths, which costs Rs 57,500.
"In addition, CANMAb's 150 mg formulation, priced at Rs 19,500/vial, will allow extra savings to patients as they can buy smaller quantities as per their requirement," the company said.
By PTI | 18 Jan, 2014, 03.57PM IST
NEW DELHI: Biotechnology major Biocon will start selling breast cancer drug 'CANMAb', developed jointly with US-based Mylan, in the country from next month.
The company said the drug, which would be manufactured at its biologics facility in Bangalore, will be sold to the patients at a discount, Biocon Ltd said in a statement.
CANMAb will be available at about 25 per cent discount to the current list price of the reference product - Roche's Herceptin - in India, which is already significantly lower than its price in developed markets, it added.
Herceptin 440mg, is currently sold at Rs 75,000 in the country. Biocon's product would be available in 150 mg and 440 mg strengths, which costs Rs 57,500.
"In addition, CANMAb's 150 mg formulation, priced at Rs 19,500/vial, will allow extra savings to patients as they can buy smaller quantities as per their requirement," the company said.
NEW
DELHI: Biotechnology major Biocon will start selling breast cancer
drug 'CANMAb', developed jointly with US-based Mylan, in the country
from next month.
The company said the drug, which would be manufactured at its biologics facility in Bangalore, will be sold to the patients at a discount, Biocon Ltd said in a statement.
CANMAb will be available at about 25 per cent discount to the current list price of the reference product - Roche's Herceptin - in India, which is a ..
The company said the drug, which would be manufactured at its biologics facility in Bangalore, will be sold to the patients at a discount, Biocon Ltd said in a statement.
CANMAb will be available at about 25 per cent discount to the current list price of the reference product - Roche's Herceptin - in India, which is a ..
By PTI | 18 Jan, 2014, 03.57PM IST
Biocon's breast cancer drug 'CANMAb' to hit markets next month
Wednesday, January 15, 2014
India Shares Gain as Inflation Drops
Asia Markets
India Shares Gain as Inflation Drops
Jan. 15, 2014 6:33 a.m. ET
The Bombay Stock Exchange's S&P BSE Sensex index closed 1.2% higher at 21,289.49 points while The National Stock Exchange's 50-share Nifty index closed up 1.3% at 6320.90 points.
Government data showed the wholesale price index, the country's main inflation gauge, rose 6.16% on year, slower than November's 7.52% increase. The reading was well below market expectations for a 6.90% increase, according to the median estimate in a poll of 17 economists by The Wall Street Journal.
The Reserve Bank of India had surprised markets by leaving interest rates unchanged at its last rate-setting meeting in December despite a sharp rise in inflation. It had said that it expected inflation to ease.
The combination of easing inflation and two consecutive months of fall in factory output through November makes it less likely that the central bank will raise rates at its next meeting on January 28, traders said.
Shares worth 18.61 billion rupees changed hands on the BSE cash market, higher than Tuesday's 16.86 billion rupees.
Twenty nine of the 30 Sensex constituents rose while the remaining stock was unchanged from its previous close.
Banks stocks, which are sensitive to changes in interest rates, gained. ICICI Bank, India's largest private-sector bank, rose 2.0% to 1058.35 rupees while HDFC Bank added 1.2% to 680.35 rupees.
Software stocks continued their good run, with Wipro gaining 1.3% to 560.10 rupees and Tata Consultancy Services rising 1.1% to 2354.25 rupees.
In the currency market, the rupee was trading at 61.54 against the U.S. dollar in late afternoon trade, almost unchanged from Monday's close of 61.52.
Indian currency markets were shut for a religious holiday on Tuesday.
Friday, January 3, 2014
Indian Prime Minister Won't Seek Third Term
India News
Indian Prime Minister Won't Seek Third Term
Manmohan Singh to Step Down After Spring Elections
Jan. 3, 2014 1:07 a.m. ET
NEW DELHI—India's prime minister, Manmohan
Singh, said he would step down after elections this spring even if his
party wins, signaling a leadership change in the world's largest
democracy.
The prime minister's party, the ruling Congress party, has seen its popularity plummet in recent years as it wrestled with corruption scandals, food inflation, an economic slowdown and growing concerns about the safety of women in the country.
The 81-year-old Mr. Singh—who with close to two terms under his belt is India's longest-serving prime minister in three decades—told a rare news conference that he was ready to make way for new leaders as the country heads toward national elections scheduled before the end of May.
Most political analysts weren't surprised by Mr. Singh's decision, as it has been widely expected he would step aside.
"We are entering an election season where Manmohan Singh will be completely irrelevant," said Ashok Malik, a Delhi-based political analyst. "This was essentially just his farewell message."
Mr. Singh's unexpected ascent to power in 2004 came after Congress party leader Sonia Gandhi, who is the widow and daughter-in-law of former prime ministers, refused to take the position herself.
The prime minister Friday seemed to be passing the baton back to the Gandhi family. He declared his support for Rahul Gandhi, Congress vice president and Mrs. Gandhi's son, as prime minister.
"Rahul Gandhi has outstanding credentials," Mr. Singh said. "I hope the party will take the decision at the appropriate time."
Who the beleaguered Congress party chooses as its top candidate may not matter, political analysts said—several opinion polls have shown the main opposition party, the Hindu nationalist Bharatiya Janata Party, and its prime-ministerial candidate, Narendra Modi, could have enough momentum to sweep into power this year.
The Congress party's embarrassing losses in four state elections last month, which were worse than expected, point to a growth anti-incumbency movement in the country, political analysts said.
Mr. Singh on Friday set out a performance report of his decade in office. He mentioned his government's achievements, including rising rural incomes, new food-security and anticorruption laws, and better education opportunities. He also touched on the economic slowdown that India has been suffering through over the past two years.
"Over the past decade, we have been through many ups and downs," he said.
The same can be said of his political journey.
When he first became prime minister, he was widely regarded as a different breed of leader. A mild-mannered person and well-respected economist, Mr. Singh widely is credited as one of the most important architects of India's economic changes in the early 1990s. His squeaky-clean image made him an attractive candidate to steer India's rising economy.
But in recent years, he has come to symbolize a weak and ineffectual government. He has been dogged by allegations of corruption and blamed for his government's so-called policy paralysis.
Opposition politicians have sought to
juxtapose the charismatic Mr. Modi against the quiet Mr. Singh,
projecting the BJP leader as a strong, decisive administrator.
Mr. Singh has "admitted his government failed to curb corruption, check unemployment and contain inflation," said Arun Jaitley, a senior BJP leader, in a news conference Friday. "Put together, it points to the fact that the government has been totally unsuccessful."
On Friday, Mr. Singh said it would be "disastrous" if Mr. Modi came to power, making a reference to Mr. Modi's inability to contain 2002 religious riots in the western state of Gujarat, where the BJP leader serves as chief minister. Mr. Singh accused Mr. Modi of presiding over the "mass massacre of innocent citizens in the streets."
Mr. Modi denies all allegations, and investigations have turned up no evidence to prosecute him.
Write to Niharika Mandhana at niharika.mandhana@wsj.com and Rajesh Roy at rajesh.roy@wsj.com
The prime minister's party, the ruling Congress party, has seen its popularity plummet in recent years as it wrestled with corruption scandals, food inflation, an economic slowdown and growing concerns about the safety of women in the country.
The 81-year-old Mr. Singh—who with close to two terms under his belt is India's longest-serving prime minister in three decades—told a rare news conference that he was ready to make way for new leaders as the country heads toward national elections scheduled before the end of May.
Most political analysts weren't surprised by Mr. Singh's decision, as it has been widely expected he would step aside.
"We are entering an election season where Manmohan Singh will be completely irrelevant," said Ashok Malik, a Delhi-based political analyst. "This was essentially just his farewell message."
Mr. Singh's unexpected ascent to power in 2004 came after Congress party leader Sonia Gandhi, who is the widow and daughter-in-law of former prime ministers, refused to take the position herself.
The prime minister Friday seemed to be passing the baton back to the Gandhi family. He declared his support for Rahul Gandhi, Congress vice president and Mrs. Gandhi's son, as prime minister.
"Rahul Gandhi has outstanding credentials," Mr. Singh said. "I hope the party will take the decision at the appropriate time."
Who the beleaguered Congress party chooses as its top candidate may not matter, political analysts said—several opinion polls have shown the main opposition party, the Hindu nationalist Bharatiya Janata Party, and its prime-ministerial candidate, Narendra Modi, could have enough momentum to sweep into power this year.
The Congress party's embarrassing losses in four state elections last month, which were worse than expected, point to a growth anti-incumbency movement in the country, political analysts said.
Mr. Singh on Friday set out a performance report of his decade in office. He mentioned his government's achievements, including rising rural incomes, new food-security and anticorruption laws, and better education opportunities. He also touched on the economic slowdown that India has been suffering through over the past two years.
"Over the past decade, we have been through many ups and downs," he said.
The same can be said of his political journey.
When he first became prime minister, he was widely regarded as a different breed of leader. A mild-mannered person and well-respected economist, Mr. Singh widely is credited as one of the most important architects of India's economic changes in the early 1990s. His squeaky-clean image made him an attractive candidate to steer India's rising economy.
But in recent years, he has come to symbolize a weak and ineffectual government. He has been dogged by allegations of corruption and blamed for his government's so-called policy paralysis.
Mr. Singh has "admitted his government failed to curb corruption, check unemployment and contain inflation," said Arun Jaitley, a senior BJP leader, in a news conference Friday. "Put together, it points to the fact that the government has been totally unsuccessful."
On Friday, Mr. Singh said it would be "disastrous" if Mr. Modi came to power, making a reference to Mr. Modi's inability to contain 2002 religious riots in the western state of Gujarat, where the BJP leader serves as chief minister. Mr. Singh accused Mr. Modi of presiding over the "mass massacre of innocent citizens in the streets."
Mr. Modi denies all allegations, and investigations have turned up no evidence to prosecute him.
Write to Niharika Mandhana at niharika.mandhana@wsj.com and Rajesh Roy at rajesh.roy@wsj.com
Reliance Communications Repays $500 Million Loan
Asian Business News
Reliance Communications Repays $500 Million Loan
Jan. 3, 2014 5:01 a.m. ET
Costs for the company, which is the flagship telecom venture of billionaire Anil Ambani's Reliance Group, have risen because of high interest burden on loans it took to purchase bandwidth through a government auction in 2010. Stiff competition in the telecom sector has put further pressure on profits.
The company's debt rose 8% to 388.64 billion rupees ($6.23 billion) in the last financial year, resulting in a 29% jump in its finance costs to 7.47 billion rupees.
This is the third such loan repayment by the company since the start of the fiscal year in April. It had earlier repaid two other syndicated overseas loans totaling about $1 billion, and another loan of $310 million.
"With these repayments, Reliance Communications has now fully liquidated the borrowings from 23 foreign banks and financial institutions," India's fourth-largest telecommunications company said in a statement.
Write to R. Jai Krishna at krishna.jai@wsj.com
Wednesday, January 1, 2014
New Year’s Jeers for India’s Finance Minister
New Year’s Jeers for India’s Finance Minister
India532832.BY +5.72%n Finance Minister P. Chidambaram had little reason to party on New Year’s eve as the latest data suggested he will struggle to live up to his resolution for a lower fiscal deficit this year.
Government data released Tuesday showed India’s deficit has already reached close to 94% of the full-year target of 5.42 trillion rupees—or 4.8% of gross domestic product–just eight months into the fiscal year that ends in March.
A breach of the target could prompt rating agencies to downgrade India’s debt to junk, a stigma Asia’s third largest economy must avoid if it hopes to emerge from a prolonged and painful slowdown.
Mr. Chidambaram has repeatedly sought to assure markets and investors the target of 4.8% is a “red line” which would not be breached.
But the data are making it hard for economists to believe.
“Indeed we estimate fiscal deficit to be higher at 5.1% to 5.5% of GDP depending on the government’s control over expenditure, disinvestment and telecom auction proceeds,” Morgan Stanley saMS +1.65%id in a note.
India’s economy has been growing less than 5.0% in recent quarters, about half the pace it was witnessing as recently as in 2011. Morgan Stanley said the slowdown has made it challenging for India to achieve its tax as well as non-tax revenue targets.
The Reserve Bank of India also flagged India’s weak fiscal position as a problem this week.
In a report on financial stability released Monday, the central bank said risks to the economy due to the withdrawal of easy money policies in the U.S. have fallen. “However macro-economic adjustment is far from complete,” as weak growth, high inflation and a high fiscal deficit hurt the economy, the report said.
Tax collections from India Inc. have come under pressure as profits have been squeezed. The government’s efforts to generate revenue from non-tax sources such as sale of telecom bandwidth and stakes in state-run companies have also made slow progress.
India is hoping to generate 400 billion rupees each from the sale of bandwidth and state-owned company shares. The telecom auction isn’t expected to take place until February, just a month before the financial year closes. Meanwhile the government has so far managed to raise less than 30 billion rupees from government stock sales, and has little time left to carry out the remaining stake sales.
“With lagging revenue collections and firm expenditure, the government is likely to struggle,” said Bansi Madhavani and Priyanka Sachdeva, analysts at STCI Primary Dealer.
“The fiscal scenario for the remainder of this financial year appears gloomy and the road ahead is likely to pose tough challenges.”
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