July 4, 2022

4 thoughts on “Stock Markets : The Secondary Markets!!The Real moolah

  1. Thanks Karthik for the feedback.Comments(Compliments) like these make blogging all the more worth-while.Hope you keep coming back to read more.
    Cheers

  2. What is a BLOCK DEAL??

    Thanks ankit aggarwal….but bhai thoda zyada ho gaya…abhi hum sab bachhe hain…..gir gir ke seekhenge….abh itoh gir he rahe hain….

    lets discuss some thing about block deal which takes place on bourses ( exchanges)….

    A deal is termed as a block deal if the amount of shares traded is equal to or more than 5 lacs or if the amount of transaction is 5 crore as per the rules of SEBI…
    Moreover a deal can only be termed as a block deal only if it takes place between 9.55 A.M and 10.30 A.m …..and a deal would only be counted as a block deal only if the price of transaction ( buy or sell) is within 1% of the price of the closing price of the scrip on previous day>

    i brought this Block deal thing to make all those people who are closely watching the Ranbaxy-Daichii deal……Actually now there is a twist in tale…..Ranbaxy may have to cough up 1000 Cr as tax as according totheagreementthedeal has to be executed thru stock exchange….and now the 1 % requirement of the price tag is nowhere close….This is because the price agreed was 737 per share…but due to market meltdown and U.S FDA ordering probe into few of Ranbax' drug…..the ranbaxy price has come to 270's..which is no where close to 737 price….So Ranbaxy is now asking Special Courtesy from SEBI..but SEBI says that if it agrees then it would not set good example for others……….lets see what happens……

  3. RPL plunged on Thursday and was trading at around INR 89 at close of Trading hrs on news of US Oil and Gas Giant CHEVRON off loading its 5% stake in RPL to the parent company RIL and on the news of cruder touching 67 dollar per barrel mark…
    out loo k is looking gloomy as crude is expected to test 55 Dollar /Barrel mark in coming months on the back of Rising US cddollars on agains t basket of other currencies and slagging demand….Data showed the US inventories at recored levels……

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