Market Glance Report for 1-Sept-2010

NSE’s volatility index, India VIX, tumbled 9.58% at 16.70.

Amongst the index CNX Realty was up (+3.15 %) closed at 448.85.

2.Govt may go for independent mechanism on MPs’ salaries.

3.DTC – MAT rate on book profit will be 20 percent.

4.Govt to ask Google, Skype to give data access.

• Energy Development synchronizes the 6 MW Harangi Stage II .
• Steel Strips Wheels reports 55% rise in August 2010 sales.
• Markets start Sep on front foot; techs lead.
• Auto cos see 20-20% rise in August sales.
• Auto ancillary stocks on a roll on robust auto sales .
• Telecom shares hog limelight as allotment of 3G spectrum begins.
• Fortis Healthcare strengthens on plan to list unit.
• Kalpena Industries net profit rises 36.89% in the audited full year ended March 2010.
• Mold-Tek Technologies net profit declines 58.70% in the audited full year ended March 2010.
• Well Pack Papers & Containers net profit rises 8.11% in the audited full year ended March 2010.
• HMSI sales up 38% in August.
• Skoda sales up 24% in August.
• Hero Honda sales jump 2% in August.
• India automakers see 20-30% rise in Aug sales.
• Tata Chemicals to spend Rs 50 cr on new plant.
• BP sells Malaysian interests for $363 mn.
• Hyundai’s domestic sales jump 17% in Aug.
• Maruti Suzuki India August Vehicle Sales Rise to Record on Economic Growth.
• Adani Power to Spend $17.5 Billion to Build Generating Units in Four Years.
• SBI subsidiaries bounce back.
• A C P Industries sells 3.2 lakh shares of Trinethra Infra.
• Bulk deal in Valuemart Info of 3.5 lakh shares.
• Bajaj Electricals wins orders, shares hit year-high.