Incorporated in 1997, Muthoot Finance Ltd is the Kerala - based largest gold financing company in India in terms of loan portfolio. Muthoot Finance provides personal and business loans secured by gold jewellery, or Gold Loans. They have 1605 branches across 20 states and two union territories in India.

Customers of Muthoot Finance are typically small businessmen, vendors, traders, farmers and salaried individuals. They provide retail loan products, primarily comprising Gold Loans. They also disburse other loans, including those secured by Muthoot Gold Bonds. Their Gold Loans have a maximum 12 month term. Other then Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies. Company also operates three windmills in the state of Tamil Nadu.

Company Promoters:

The following individuals are the Promoters of the Company:

<!--[if !supportLists]-->1.   <!--[endif]-->M.G. George Muthoot;

<!--[if !supportLists]-->2.   <!--[endif]-->George Thomas Muthoot;

<!--[if !supportLists]-->3.   <!--[endif]-->George Jacob Muthoot; and

<!--[if !supportLists]-->4.   <!--[endif]-->George Alexander Muthoot

K P Padmakumar,  our executive director, is a Banker with over 36 years of experience in commercial banking.  He completed his Bachelors of Science degree in Agriculture from Kerala University, and is a Certified Associate of the Indian Institute of Bankers.  Starting his career with State Bank of India as a Probationary Officer, he served SBI in various capacities in India and abroad for over 27 years including 4 years as Manager-Treasury with SBI’s Offshore Banking Unit at Bahrain during the period 1984 to 1989 and as Fund Manager of SBI’s Fund Management for 5 years from 1990 to 1995.  He was Chairman of the Federal Bank Limited during the period 1999 to 2004.  He was recipient of Management Leadership Award from Kerala Management Association in the year 2004.  He joined the Company on March 16, 2005.  He currently is the operational head overseeing the human resources, credit and operations, finance and planning, and secretarial departments of the Company.  

K. R. Bijimon, our Chief General Manager is a Fellow member of the Institute of Chartered Accountants of India, New Delhi. He has over 15 years of experience in the fields of financial services and is employed in the Company since inception. He oversees credit and operations of zonal offices, and the internal audit, marketing, and information technology and vigilance departments of the Company.  He was previously employed as Senior Manager, Finance at Muthoot Bankers.
<!--[if !supportLineBreakNewLine]-->
<!--[endif]-->

Alexander M George, ourHead-Operations (North), is a post graduate degree holder in International Management from Thunderbird, The Garvin School of International Management, Glendale, Arizona, United States of America with specialization in marketing. He also holds an Advanced Diploma in Business Administration from Florida International University Miami, Florida, United States of America. He heads the operations of the Company in Northern India region. He started his career by joining the Company on March 01, 2006. 

Oommen K. Mammen , our Chief Financial Officer is a Fellow member of the Institute of Chartered Accountants of India, New Delhi. He is also a Certified Associate of Indian Institute of Banking and Finance, Mumbai. He has over 12 years of experience in the industry and joined the Company on August 01, 2001.  He oversees finance and planning, and secretarial functions in the Company.  He was previously employed as Manager, Finance of Muthoot Bankers.

Company Financials:

Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	10,893.80	6,204.02	3,686.38	2,339.65	1,480.62
Profit After Tax (PAT)	2,275.75	977.20	635.97	439.79	271.27

Objects of the Issue:

The Object of the issue are:

1. To augment capital base to meet future capital requirement to provide for funding of loans to customers;
2. General corporate purposes.

Issue Detail:

  »»  Issue Open: Apr 18, 2011 - Apr 21, 2011
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 51,500,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 824.00 - 901.25 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 160 - Rs. 175 Per Equity Share
  »»  Market Lot: 40 Shares
  »»  Minimum Order Quantity: 40 Shares
  »»  Listing At: BSE, NSE

Muthoot Finance Ltd IPO Grading

CRISIL has assigned an IPO Grade 4 to Muthoot Finance Ltd IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. 

Muthoot Finance Ltd IPO Tags:

Muthoot Finance IPO, Muthoot Finance Ltd IPO, Muthoot Finance IPO Bidding, Muthoot IPO Allotment Status, Muthoot Finance IPO drhp and Muthoot Finance IPO listing.

Shareholding Pattern / Book Value of Muthoot Finance

	Equity Shares (in crore)	Promoters Holding	Book Value
Pre-issue	320.21	93.00%	Rs 35.00
Post-issue	371.71	80.12% <!--[if !supportLineBreakNewLine]--> <!--[endif]-->

CRISIL has assigned a CRISIL IPO grade of ‘4/5’ (pronounced "four on five") to the proposed IPO of Muthoot Finance Ltd (Muthoot Finance).
This grade indicates that the fundamentals of the IPO are above average relative to other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, its future market price or suitability for a particular investor.
 

ICRA has assigned an „IPO Grade 4‟, indicating above-average fundamentals to the proposed Initial Public Offering of Muthoot Finance Limited (MFL).
ICRA assigns an IPO grading on a scale of IPO Grade 5 through IPO Grade 1, with Grade 5 indicating "strong fundamentals" and Grade 1 indicating "poor fundamentals". Muthoot Finance Limited (MFL) proposes to launch an Initial Public Offering (IPO) through an issue of 5.15 crore equity shares with a face value Rs. 10 with a premium that will be determined through a book-building process.

15th April Closing Market Updates:

15th April Closing Market Updates:

Nifty closed 96.80 points down at 5841.70
Sensex closed 335.86 points down at 19361.00
IT bellwether Infosys today reported nearly 14 per cent in consolidated net profit at Rs 1,818 crore for the fourth quarter ended March 31, 2011, which is less than the market expectations. As a result our market tanked drastically resulting into negative impact on IT sector.
Whereas the company announced its third quarter results earlier had given Q4 revenue guidance in the range of Rs 7,157- Rs 7,230 crore, and anticipated revenue for the full year ending March 31, 2011, in the range of Rs 27,408-Rs 27,481 crore.
Among BSE Sectorial Indices, almost all indices nosed down. Captial goods and Auto indices were up marginally.CG up by 0.05% and Auto by 0.04%
Obviously IT was the top loser by 6.61% follwed by Teck, Realty and Power.
In Nifty50 stocks,
Top Gainer:
Herohonda closed at 1740, 6.10%
Top Loser:
Infosystch closed at 2980.70, 9.85%
Infosystch was the turnover topper by the traded value and Jpassociates was the most traded stock by traded quantity.
Advance/Decline ratio was negative at 1.68:1 as 869 stocks gained and 517 stocks declined on NSE today.
Major Global Indices :
Hangseng     24008.07    -5.93

Nikkei225    9591.52    -62.4
FTSE100     5975.52   11.72
DAX           7181.52    34.96
CAC            3968.11  -2.28
Dow           12285.15 14.16
Dow_Futures 12207 -21
NASDAQ_Futures 2299 -1.75
Commodity Market will remained closed tommorow.

13 April Market Closing Updates

13 April Market Closing Updates:
Nifty closed 136.80 points up at 5922.50
Sensex closed 466.34 points up at 19728.88
The Sensex continues to trade on a buoyant note. Midcap and Smallcap index aided the upmove

F&O action - Nifty 6100 call added 6.5 lakh shares in open interest. There has been huge put writing at Nifty 5800 Put, which means strong support - it added 19 lakh shares in open interest.The rally was partly due to falling crude oil prices and positive global cues. European markets like CAC, DAX and FTSE were trading 0.5% higher. Asian markets too ended with 0.5-1.5% gain.London Brent crude was trading at USD 121 a barrel and NYMEX crude was around USD 106 a barrel.

Sectors in Limelight

The Capital oods index was at 13,916.59, up by 321.68 points or by 2.37%. The major gainers were Alstom Projects India (2.53%), BGR Energy Systems (2.17%), BEML (1.12%), A B B (0.29%) and Bharat Electronics (0.14%).

The Auto index was at 9,394.65, up by 199.98 points or by 2.17%. The major gainers were Apollo Tyres (2.68%), Bharat Forge (1.92%), Bajaj Auto (1.1%), Ashok Leyland (0.82%) and Exide Industries (0.63%).

The Bankex index was at 13,488.51, up by 284.74 points or by 2.16%. The major gainers were Federal Bank (3.24%), H D F C Bank (2.45%), Bank Of India (1.37%), Bank Of Baroda (1.16%) and Canara Bank (0.2%).

The IT index was at 6,671.40, up by 126.30 points or by 1.93%. The major gainers were H C L Technologies (2.01%), Oracle Financial Services Software (1.45%), Infosys Technologies (1.22%), Mphasis (0.64%) and Tech Mahindra (0.51%).

Market Breadth

Market breadth was positive with 1,883 advances against 1,010 declines.

Top gainers:

Herohonda (1759)  7.37%

Jpassociat (98.50) 7.36%

Colpal (904) 6.52%

Ibrealest (147.80) 6.22%

Siemens (886.10) 5.44%

Top Losers:

Zeel (125.75) 1.18%

Sunpharma ( 446.45) 0.88%

Glaxo (2129) 0.87%

Cairn (346.25) 0.72%

Tatapower (1310) 0.61%

11th April Market Closing Updates:

11th April Market Closing Updates:

The country's industrial output rose slower-than-expected 3.6 percent in the month of February from a year earlier. The IIP growth fell by 0.1% as compared to the month of January.
Manufacturing output, which constitutes about 80 percent of the industrial production, rose an annual 3.5 percent, the Central Statistics Office said in a statement.
Industrial output grew 10.4 percent in 2009/10 financial year (April-March), faster than 2.8 percent clocked in the previous fiscal year.
The economy has expanded at more than 8 percent in the last three quarters, riding on strong manufacturing that contributes about 80 percent of the industrial output.
The HSBC Markit Purchasing Managers' Index, an indicator of manufacturing expansion, remained unchanged in March at 57.9 from February, the highest level since last November.
India's exports jumped an annual 49.7 percent in February to $23.6 billion, while imports rose 21.2 percent to $31.7 billion, latest government data showed.
Wholesale price inflation , the main gauge of prices in India , unexpectedly accelerated to 8.31 percent in February, and the data for March data is due on April 15.
the Sensex was trading down 192.36 points or 0.99% at 19,259.09 with 23 components falling. Meanwhile, the Nifty was trading lower by 61.30 points or 1.05% at 5,780.70 with 40 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 68.54 points or 0.35% at 19,382.91, while the broad based NSE Nifty started with a fall of 36.65 points or 0.63%, at 5,805.35.
Biggest gainers in the 30-share index were:
Reliance Infra (0.70%),
Cipla (0.53%),
I T C (0.38%),
Tata Power Company (0.35%),
Infosys Technologies (0.28%),
Bharti Airtel (0.12%).
The major losers in the Sensex
DLF (3.62%),
Jaiprakash Associates (3.07%),
Jindal Steel & Power (3.04%),
Tata Motors (2.94%),
Housing Development Finance Corporation (2.86%),
Bajaj Auto (2.64%) were
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining 0.75% and 0.73% respectively
Sectors in Limelight
The Realty index was at 2,400.01, down by 64.14 points or by 2.6%. The major losers were D L F (3.62%), Anant Raj Industries (2.1%), Mahindra Lifespace Developers (1.8%), Indiabulls Real Estate (0.21%) and Ackruti City (0.08%).
The Auto index was at 9,190.99, down by 206.14 points or by 2.19%. The major losers were Bajaj Auto (2.64%), Ashok Leyland (1.78%), Apollo Tyres (1.73%), Bharat Forge (1.7%) and Amtek Auto (0.37%).
The Consumer Durables index was at 6,305.73, down by 121.37 points or by 1.89%. The major losers were Titan Industries (2.96%), Gitanjali Gems (2.57%), Rajesh Exports (1.83%), Blue Star (1.66%) and Whirlpool Of India (0.03%).
The Oil & Gas index was at 9,928.51, down by 159.9 points or by 1.58%. The major losers were Hindustan Petroleum Corporation (2.68%), Indian Oil Corporation (2.29%), Bharat Petroleum Corporation (2.07%), G A I L (India) (1.47%) and Cairn India (0.19%).
Market Breadth
Market breadth was negative with 1,083 advances against 1,831 declines.

8th April Market Closing Updates

8th April Market Closing Updates:

Nifty closed 40.70 points down at 5845
Sensex closed 135.47 points down at 19455.71.
The Sensex extended losses amid high global oil prices. Sustained selling pressure was seen across some counters. Realty dropped the most followed by auto, consumer durable, PSU and oil & gas dipped, whereas capital goods and FMCG edged higher. 
The benchmark Nifty slipped further in the afternoon trade,dragged down by 40 shares out of 50 including major ones like Reliance Inds, ONGC, NTPC, Wipro, SBI and HDFC.

Jaiprakash Associates, Reliance Power, Hindalco, Tata Motors, DLF, IDFC, Reliance Capital, HCL Tech, SAIL, Reliance Infra, Hero Honda, BPCL and Bajaj Auto were down 2-3%.The 50-share NSE Nifty was trading at 5834, down 51 points on the back of profit booking, may be ahead of weekend. Bharti Airtel, Ranbaxy Labs, Sun Pharma, Grasim, HUL, Cairn and ITC were only gainers.

The Realty index was at 2,475.25, down by 52.53 points or by 2.08%. The major losers were Ackruti City (4.27%), IndiabullsReal Estate (2.06%), D L F (1.82%), Anant Raj Industries (1.76%) and D B Realty (1.38%).

The Auto index was at 9,417.15, down by 159.46 points or by 1.67%. The major losers were Ashok Leyland (3.9%), Apollo Tyres (2.2%), Exide Industries (1.73%), Bajaj Auto (1.64%) and Bharat Forge (0.73%).

The IPO index was at 1,818.33, down by 28.09 points or by 1.52%. The major losers were ARSS Infrastructure Projects (2.94%), Aqua Logistics (1.06%), Adani Power (1.04%), Bajaj Corp (0.2%) and Ashoka Buildcon (0.08%).

On the other hand, the FMCG index was at 3,631.91, up by 8.48 points or by 0.23%. The major gainers were Dabur India (1.61%), Colgate-Palmolive (India) (1.39%), I T C (0.44%), Hindustan Unilever (0.38%) and Godrej Consumer Products (0.03%).

Market Breadth

Market breadth was negative with 1,036 advances against 1,832 declines.

Value and Volume Toppers

Shilpi Cable Technologies topped the value chart on the BSE with a turnover of Rs. 1,615.06 million. It was followed by Zandu Realty (Rs. 548.80 million), Suzlon Energy (Rs. 540.40 million) and State Bank Of India (Rs. 522.77 million).

The volume chart was led by Cals Refineries with trades of over 82.95 million shares. It was followed by Shilpi Cable Technologies (33.86 million), Suzlon Energy (9.72 million) and Resurgere Mines and Minerals India (7.68 million).

Top Gainers:

ITC  (185.25) 1.48%

Bhartiartl (361.90) 1.37%

GLAXO (2171.10) 1.04%

Cairn (347) 0.89 %

LT ( 1683) 086 %

Top Losers:

HDIL (186.60) 4.75%

Andhrabank (148.60) 4.62%

Recltd (253.60) 4.34%

GMrInfra (42.05) 4.24%

Sydnibank (121.80) 4.02%    

7th Apil Market Closing Updates:

7th Apil Market Closing Updates:

The benchmark Nifty remains quiet in trade since the beginning of trade today.
Benchmark indices have been witnessing consolidation for the third consecutive session after the rally seen in previous two weeks. Market could be awaiting for earnings season or any other trigger for the next direction. They have been recovered quite sharply on the back of strong inflow of foreign money since March 22.In the immediate short-term, Sanjay Dutt of Quantum Securities said he was a little bearish because on a fundamental basis, everything was in the price. "We need fresh triggers whether they come in the form of earning upgrades for FY12 or they come in the form of policy action and some periodical manoeuvring in Delhi because one is also expecting a Cabinet reshuffle coming through soon."
The 30-share BSE Sensex was trading at 19,623, up 11 points and the 50-share NSE Nifty gained just 3 points at 5,895. The Nifty April futures were trading at 21 points premium.
Largecaps
HDFC was the major contributor to the index, with gaining 2.5%. Hindalco, Tata Power, L&T, Tata Steel, HDFC, Axis Bank, BPCL and SAIL were up 1-1.5%.
However, NTPC, TCS, Bharti Airtel, Maruti Suzuki and HDFC Bank were top losers, with falling 1-2%. Sesa Goa fell 2.75% on profit booking.
Lovable Lingerie, BF Utilities, TTK Prestige, SBI, Unitech, ICICI Bank, Cairn India and HDFC were most active shares on exchanges.
In midcap space, Blue Dart surged 18%. Prestige Estate, JM Financial, IVRCL Assets and Unichem Labs gained 6-8%. However, KGN Industries, OnMobile Global, Wockhardt and A2Z Maintenance fell 2-3.5%.
In smallcap space, Zandu Realty, Minda Inds, Nucleus Software, Infinite Comp and Shirpur Gold rallied 11-16% while R M Mohite, Shri Ganesh, Binny, Vaarad Ventures and Ontrack Systems lost 5%.
Breadth was in favour of advances; about 1875 shares advanced as against 935 shares declined on Bombay Stock Exchange.
Top Gainers:
Indhotel (92) 6.98%
Gmrinfra (44.10) 5.50%
Biocon (377.40) 4.62%
Hindpetro (367.90) 4.13%
Yesbank (330.60) 3.69%
Top Losers:
NTPC (185.80) 3.13%
Sesagoa (315.70) 3.09%
ONGC (291.65) 2.16%
OFSS (2090) 2.07%
Cairn ( 343.80) 1.93%

6th April Market Closing Updates

6th April Market Closing Updates:

Sensex closed 105.78 down at 19581.04
Nifty closed 20.40 down at 5889.65
The 50-share NSE Nifty was consolidating at around the 5,900 mark since the beginning of trade.
"The coming session is likely to witness a resistance at the 5960 levels on advances. Support is likely at the 5860 below which the 5800 maybe tested. The bullish pivot for the session is likely at the 5900 levels above which the Nifty must stay throughout the session," 
Technology and private banks stocks were under selling pressure. Bharti, ITC and L&T too were down. However, power, realty and select auto companies' shares were on buyers' radar. SBI, ONGC and HUL gained.

Realty was showing outstanding performance today, with soaring nearly 3%. Ackruti City, Anant Raj Inds, DLF, Godrej Prop, Indiabulls Real, Mahindra Life, Orbit Corp, Parsvnath, Peninsula Land and Phoenix Mills rallied 1-4%. Unitech shot up 5.76% and HDIL surged 7%.
Largecaps
Wipro, Hindalco, Bharti Airtel, ITC, M&M and Kotak Mahindra Bank were the top losers, losing 1-2%. Cairn India was the leading dragger on Nifty, with falling over 4%.
However, Reliance Infrastructure, Tata Motors, Hero Honda, DLF, NTPC, BPCL, GAIL and Reliance Power were top gainers, with rising 1-2%. Sesa Goa rallied 3.49%.
Most active shares on exchanges were BF Utilities, Reliance Industrial Infra, SBI, Mahindra Satyam, Sesa Goa, Tata Motors, ICICI Bank and Suzlon Energy.
In midcap space
Jai Corp surged 12.5%. Wockhardt, Stride Arcolab, SpiceJet and Polaris gained 8-10%. However, Himadri Chemical, Fresenius Kabi, OnMobile Global, Allcargo Global and Eicher Motors lost 2.5-4%.
In smallcap space, Shri Lakshmi jumped 14%. Heritage Foods, ITI, Shasun Pharma and Reliance Industrial Infra were up 8-9%. However, Gravita India, Lloyds Metals, R M Mohite, Henkel India and Ontrack Systems fell 5-9%.
About 1803 shares advanced as against 1084 shares declined on the Bombay Stock Exchange.
Top Gainers :
HDIL (195.50) 8.13%
RECLTD (266.95) 3.37%
Sesagoa (325.05) 3.27 %
IOB (154) 3.08%
BEL (1790) 2.84 %
Top Losers
Cairn (348.85) 4.45%
Wipro (464.95) 3.34%
Lichsgfin (232) 2.37 %
Syndibank (127.50) 2.34%
TCS (1239.85) 2.07%

5th April market Closing Updates:

5th April market Closing Updates:

The benchmark Nifty was extremely volatile in trade though it showed some recovery from day's low.
TCS, SBI, BHEL, Tata Motors, Reliance Communications and Bharti Airtel were aiding that recovery ahead of closing.


However, the sell-off continued in ONGC, L&T, NTPC, Reliance Industries, Wipro, HDFC, ICICI Bank, HUL, Infosys, HDFC Bank, ITC and DLF.
Fall in crude oil prices too was quite supportive. Brent crude oil fell 0.5% to USD 120.5 a barrel and US crude declined 0.5% to USD 107.93 a barrel.
The 30-share BSE Sensex was trading at 19,670, down 31 points and the 50-share NSE Nifty fell 6 points to 5,902. The broader indices too recovered their gains - the BSE Midcap Index was up 0.8% and Smallcap up 1.25%.
 Major gainers in the 30-share index
Reliance Communications (3.66%),
Bharat Heavy Electricals (1.33%),
Cipla (1.28%),
Hero Honda Motors (0.82%),
Tata Motors (0.77%),
State Bank Of India (0.69%).

The biggest losers in the Sensex.

Mahindra & Mahindra (1.79%),
Tata Power Company (1.75%),
D L F (1.64%),
Larsen & Toubro (1.63%),
Housing Development Finance Corporation (1.33%),
Wipro (1.31%)
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.56% and 1.00% respectively.
The major gainers in the BSE Midcap were Alok Industries (10.37%), Anant Raj Industries (3.61%), A2Z Maintenance & Engineering Services (3.42%), A I A Engineering (1.72%) and A B G Shipyard (1.3%).
The major gainers in the BSE Smallcap were Aarti Industries (6.7%), Abhishek Industries (5.47%), Action Construction Equipment (3.53%), INEOS ABS (India) (2.72%) and Adhunik Metaliks (0.91%).
Sectors in Limelight
The IT index was at 6,611.34, down by 48.2 points or by 0.72%. The major losers were Infosys Technologies (1.09%), H C L Technologies (0.56%), Core Projects and Technologies (0.47%), Patni Computer Systems (0.43%) and Tata Consultancy Services (0.04%).
The Oil & Gas index was at 10,242.57, down by 57.99 points or by 0.56%. The major losers were Hindustan Petroleum Corporation (1.39%), Indian Oil Corporation (1.13%), Cairn India (0.65%), Bharat Petroleum Corporation (0.53%) and Oil India (0.22%).
The Auto index was at 9,491.55, down by 35.82 points or by 0.38%. The major losers were Apollo Tyres (1.79%), Bajaj Auto (0.94%), Amtek Auto (0.74%), Ashok Leyland (0.51%) and Bharat Forge (0.15%).
On the other hand, the Consumer Durables index was at 6,484.85, up by 129.19 points or by 2.03%. The major gainers were Bajaj Electricals (4.7%), Whirlpool Of India (4.3%), Titan Industries (3.1%), Gitanjali Gems (0.94%) and Blue Star (0.78%).
Market Breadth
Market breadth was negative with 1,742 advances against 1,114 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 812.38 million. It was followed by Patel Engineering (Rs. 731.19 million), Lovable Lingerie (Rs. 659.48 million) and Titan Industries (Rs. 528.23 million).
The volume chart was led by Cals Refineries with trades of over 36.81 million shares. It was followed by Alok Industries (9.53 million), Suzlon Energy (6.03 million) and Resurgere Mines and Minerals India (4.25 million).

4 April 2011 Happy Gudhi Padwa

4 April 2011 Closing Market Updates  15:50

Market opened positive on positive global cues and ended with gains on the eve of the Marathi Nav Varsha.
Broadbased Nifty ended above 5900 mark for the first time after 7th January 2011.
Nifty ended at 5908.15 with 82.10 points' gain and Sensex gained 287.8 points and ended at 19708.19.
All BSE Sectoral Indices ended positive.Capital Goods Index was the top gainer by 2.40% followed by IT,Auto and Bankex.
In Nifty50 stocks, M&M gained the most by 4.90% and ended at 745.9 whereas Rcom was the top loser by 2.42% and ended at 109.
SBIN was the turnover topper by the traded quantity and Unitech was most traded stock by number of quantity traded on NSE today.
Advance/Decline ratio was positive in the ratio of 7.15 : 1 as 1238 stocks gained and 173 stocks declined today in NSE.
Major Global Indices :
Hang Seng : +348.68
Nikkei : +10.50
FTSE : +16.28
CAC : -1.36
DAX : +6.30
Dow Futures : +7.00
Nasdaq Futures : +7.00

Completed 2 years of success !!

Today we have completed two years of success of our Chinchwad branch.

Cheeers !!!