Sensex down 249 Points

Equity fell quite sharply in the second half of trade - down 249 points on the Sensex, especially after sell-off in the European markets. Even better-than-expected industrial output data could not able to support the market because data was quite better on quarter-on-quarter basis but it was bad on year-on-year basis.

The 50-share NSE Nifty closed below the 5,500 mark on Thursday, down 78.90 points or 1.42% to close at 5,486.15. The 30-share BSE Sensex plunged 249.17 points or 1.34%, to settle at 18,335.79. Sensex down 249 Points

Why Invest in Gold

Why Holding Gold in Your Portfolio Isn't Advisable... It's a Must

15 Fundamental Reasons to Own Gold

1. Global Currency Debasement
The U.S. dollar is fundamentally and technically very weak and should fall dramatically over the next few years. However, other countries are very reluctant to see their currencies appreciate and are resisting the fall of the U.S. dollar. Thus, we are in the early stages of a massive global currency debasement which will see tangibles, and most particularly gold, rise significantly in price.

2. Rising Investment Demand
When the crowd recognizes what is unfolding, they will seek an alternative to paper currencies and financial assets and this will create an enormous investment demand for gold. Own both the physical metal and select mining shares. Read More Reasons: Click here

Lovable Lingerie has touched an intraday high

Lovable Lingerie has touched an intraday high of Rs 314.50 and an intraday low of Rs 275.25. At 11:30 hrs the share was quoting at Rs 284.40, down Rs 23.95, or 7.77%.

It was trading with volumes of 491,667 shares, compared to its five-day average of 406,156 shares, an increase of 21.05%.
In the previous trading session, the share closed down 5.66% or Rs 18.50 at Rs 308.35.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	323.75	284.40	-39.35	-12.15
5-Days	328.90	284.40	-44.50	-13.53
7-Days	344.70	284.40	-60.30	-17.49
15-Days	305.20	284.40	-20.80	-6.82
1-Month	284.75	284.40	-0.35	-0.12
3-Month	249.20	284.40	35.20	14.13
6-Month	249.20	284.40	35.20	14.13
9-Month	249.20	284.40	35.20	14.13
1-Year	249.20	284.40	35.20	14.13

Muthoot Finance listed in the stock exchange at Rs 180

Shares of Muthoot Finance, a non-banking finance company engaged into gold loan business, on Friday listed in the stock exchange at Rs 180, a premium of 2.85% to the initial public offer price of Rs 175. At 9.40 hours, it was however, trading at 175, up 1.40% on BSE.

Total traded volume was 49.62 crore. It hit a high of Rs 198 and low of Rs 170.25.

The IPO of Muthoot Finance ended on April 21, 2011, with a subscription of 24.55 times. The IPO received bids for 107.46 crore shares compared with 4.37 crore shares on offer. The company had fixed a price band of Rs. 160-175 for the IPO.

The company raised Rs 901.25 crore through the issue of 5.15 crore equity shares, which will be mainly used for augmenting capital base to meet future capital requirements to provide for funding of loans to customers.

Muthoot Finance list above Rs 200?

India's largest gold financing company Muthoot Finance is set to list its equity shares on Friday, May 6. It has fixed the issue price at the higher end of the price band of Rs 160-175 a share.

There were reports that the grey market premium for the stock is around Rs 25-30 over issue price.

Manish Bhatt of Prabhudas Lilladher looked optimistic while Investment Advisor SP Tulsian was slightly conservative. Bhatt expects Muthoot to list in Rs 200-250 range whereas Tulsian feels that the listing around Rs 190 per share.

But both experts advised profit booking on listing.Muthoot Finance raised Rs 901.25 crore through the issue, which will mainly be used for augmenting capital base to meet future capital requirements to provide for funding of loans to customers