Weekly Report 08/02/2008

MACRO ECONOMIC FACTORS
Inflation figures stood at 4.11 % at the end of this week compared with 3.93% last week.
The yield on the 10-year G – Sec has remained flat at 6.83%.
Crude oil price stood at US$89.08 per barrel by the end of the week. Over the week crude oil prices hovering around US$87.14 - 90.02 per barrel.
Rs per US$ exchange rate closed at 39.62 by the end of the week. Exchange rate Rs/US$ continued to trade around Rs.39.44to 39.62.

Cox & Kings IPO

Cox and Kings Limited is all set to tap the Indian capital markets with an IPO in the near future. Cox and Kings IPO draft red herring prospectus has been filed with SEBI last week. Once the DRHP of Cox and Kings IPO is approved by SEBI, the IPO can open for subscription anytime withing 6 months from the date of SEBI approval. If the Indian stock markets are buyoyant, then Cox and Kings IPO is likely to hit the markets in March 2008.but looking at the recent withdrawls of Emar and Wockhardt Hosp it seems unlikely C&k will come with an IPO unless market stablises

Market commentary 08/07/2008

Market drifts lower in choppy trade Emaar MGF Land withdraws IPO

Volatility was the hallmark for the day as the market swung like pendulum in negative and positive terrain throughout the day. The market recovered from lower level in mid-afternoon trade on positive cues from European markets. The market had swung between positive and negative zone in mid-morning trade after undergoing high initial volatility. Sensex fell below 17,500 mark. Most of the Asian markets were closed today.