NSEGUIDE Updates

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• 71% stocks trade below May 2008 levels
• Top 8 cos add Rs 23k cr; ONGC, Airtel see value erosion
• MFs invest Rs 40,246 cr in blue-chip companies

71% stocks trade below May 2008 levels Posted: 20 Sep 2009 06:47 AM PDT 11 stocks, including Tata Steel, R-Comm and DLF, are down by over 30 per cent. The 16-month highs for the two benchmark indices, the Sensex and the Nifty, look unconvincing as 71 per cent of the stocks are currently trading 30 per cent below the levels where they were 16 months ago. The ... Read More..

Top 8 cos add Rs 23k cr; ONGC, Airtel see value erosion Posted: 20 Sep 2009 06:45 AM PDT MUMBAI: As many as eight out of the top ten most valued companies added over Rs 23,000 crore to their market capitalisation in the last week. However, oil major ONGC and telecom giant Bharti Airtel witnessed erosion in their market cap during the week. The country’s most valued f... Read More..

MFs invest Rs 40,246 cr in blue-chip companies Posted: 20 Sep 2009 06:43 AM PDT NEW DELHI: Money managers handling mutual funds are playing it safe and betting on the top 10 stocks in the bourses, ensuring that their funds perform in line with the overall market. In fact, these blue-chip companies are attracting 28% of mutual fund investment in the equity market. A... Read More..

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