BSE launches SENSEXmini DERIVATIVES Contracts

Overview
For the first time in India, Bombay Stock Exchange offers mini Futures and Options contracts on the leading Indian equity Index 'SENSEX ' for retail investors to participate in the ever growing Derivatives market. The SENSEX is the barometer of the Indian Capital Markets and widely tracked in the global financial markets.

Benefits
1. Since mini futures and options have market lot of FIVE, lower capital outlay and lower trading costs
2. Smaller size allows for more precise hedging and flexible trading.
3. Possible arbitrage between existing SENSEX Futures (bigger market lot) & SENSEX mini Futures (market lot 5).
4. SENSEX constitutes 30 leading companies of diverse industries covering 12 broad sectors of the Indian economy. Provides macro view of economy to retail as well as institutional investors.

Security Symbol: MSX Market Lot: 5 Contract Period: 1, 2 & 3 months
Trading Hours: 9:55 a.m. to 3:30 p.m.

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NTPC invest to new power plant $1.1 billion

State-run power producer NTPC Ltd on Wednesday said it would invest about Rs 4,375 crore ($1.1 billion) in setting up a power plant in north-east India.

Reliance Power IPO Allotment Status

Reliance Power IPO allotment status is due today or tomorrow. click on below link.

Investors who have applied for the maximum 1 lakh amount should definitely get the minimum allotment of 15 shares.


Reliance Power IPO Allotment status

Future Capital IPO Allotment status

Future Capital IPO Allotment status available anytime so click on this link or otherwise you add Application Number in comments.

Future Capital IPO Allotment Status

http://www.intimespectrum.com/site/ipo.asp

BUY Elecon Engineering target Rs 370

Elecon is a leading manufacturer of bulk material handling equipment and power transmission solutions. Huge infrastructure investment of $494 billion under the 11th Plan provides healthy earnings visibility for the company over 2007-2012, as its business model is directly linked to infrastructure spends.

Elecon’s order book is already registering strong traction, with 200 per cent growth in the past eight months to Rs 1,130 crore (1.5x trailing year sales of Rs 770 crore). This is expected to translate to 36 per cent sales CAGR for FY07-FY10.

Elecon is currently the market leader in industrial gears with 26 per cent share and an unexecuted order book of Rs 220 crore as on Nov 30, 2007.

The company has planned an investment of Rs 8-10 crore in this segment, and the brokerage expects revenues of Rs 80 crore from the same in 2008-09.

Holdings Promoters : 42.20% FII : 5.59% General Public : 23.60%

BSE Code : 505700 NSE Code : ELECONEQ Industry : Engineering - Heavy

SBI set up a new branch in New York.

Washington, January 26: India's largest lender SBI has received the US central bank's approval to set up a new branch in New York.
The approval for SBI comes nearly three months after ICICI Bank, largest private sector lender in the country, got approval to start its branch operation in New York.
"The proposed Jackson Heights branch (of SBI) would offer a range of banking products and services, including permissible deposit accounts and small business loans," the Federal Reserve said in an order issue late last night.
The branch would also undertake business of remittance, investment advisory and trade-related services, it said.
SBI maintains offices in 32 countries outside India and already has a branch in New York.
Besides, the Mumbai-based company has a branch in Chicago, an agency in California and a representative office in Washington.
The bank, which already had clearance from RBI for expanding its branch operation in New York, also operates a wholly-owned subsidiary from California.