Market Radar SENSEX 18242.56 -299.64 (-1.62%) NIFTY 5528.55 -65.45 (-1.17%)
Main Stocks • Infosys • 2296.65 -620.05 • Infosys up ahead of its Q4 earnings tomorrow and announcement for final dividend • Tata Motors • 275.15 -3.00 • Global sales in March declined 17 per cent year-on-year to 1.17 lakh units, • Mah and Mah • 823.35 -8.75 • M&M falls as tool down strike hits Lgatpuri plant of the company
ONGC • 308.80 1.55 • ONGC in MOU with Chambal Fertilisers, Tripura government for urea plant • Berger Paints • 193.05 -2.10 • Berger promoters to sell 18.7 lakh shares equal to 0.54% of equity via offer for sale tomorrow • Gujarat Apollo • 104.00 -5.25 • Gujarat Apollo launches strategic JV with Switzerland based Ammann Group
Offer For Sale • A public invitation by a sponsoring intermediary, such as bank or broker, to buy new or existing securities.
'Strategic Joint Venture‘ or Strategic Partnership • A business agreement between two different companies to work together to achieve specific goals. Unlike a merger or acquisition, a strategic joint venture does not have to be permanent, and it offers companies the benefits of maintaining their independence and identities as individual companies while offsetting one or more weaknesses with another company's strengths.
MoU • A memorandum of understanding (MoU) is a document describing a bilateral or multilateral agreement between two or more parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen's agreement
Industrial output slips to 0.6% in February • Manufacturing growth at 2.2% vs 4.1% y-o-yMining growth at -8.1% vs 2.3% y-o-yElectricity sector growth at -3.2% vs 8% y-o-y
Air Asia begins hiring pilots in country • The career holding cabin crew interviews in Chennai on Saturday • Air Asia has begun hiring pilots for its Indian operations, the airline's group chief executive officer Tony Fernandes
AirAsia India • AirAsia India is a proposed Malaysian-Indianlow cost carrier. • It is a subsidiary of AirAsia, which is Asia's largest low-fare. • AirAsia announced its Indian low-cost subsidiary on 19 February 2013. • The airline would be operated as a joint venture between Tata Sons and AirAsia, with AirAsia holding 49% of the airline. Lakshmi Mittal's son in law Amit Bhatia will take up 21% and Tata Sons will take up a stake of 30% in the airline. • The joint venture would also mark Tata Sons' return to aviation industry after 60 years
Bollywood wants DadasahebPhalke Award for Pran • Almost everyone in Bollywood wants the iconic screen villain and perfect gentleman to be conferred the next Dadasaheb Phalke Award before it is too late
Gold falls below Rs 29,000 mark • Chidambaram suggested last week the government was unlikely to raise the import tax on gold further to avoid gold smuggling • The most-active gold for June delivery on the Multi Commodity Exchange (MCX) was 11 rupees lower at 29,578 rupees per 10 grams at 2:56 p.m.
MCX • Headquartered in Mumbai, Multi Commodity Exchange of India Ltd (MCX) is a state-of-the-art electronic commodity futures exchange. • MCX offers more than 40 commodities across various segments such as bullion, ferrous and non-ferrous metals, energy, and a number of agri-commodities on its platform
The Exchange is the world's largest exchange# in Silver and Gold, second largest# in Natural Gas and the third largest# in Crude Oil with respect to the number of futures contracts traded.
Futures contract • a futures contract ( futures) is a standardized contract between two parties to buy or sell a specified asset of standardized quantity and quality for a price agreed upon today (the futures price or strike price) with delivery and payment occurring at a specified future date, the delivery date. The contracts are negotiated at a futures exchange, which acts as an intermediary between the two parties.
Forward Contract • a forward is a non-standardized contract between two parties to buy or sell an asset at a specified future time at a price agreed upon today. This is in contrast to a spot contract, which is an agreement to buy or sell an asset today. • The price agreed upon is called the delivery price, which is equal to the forward price