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Monthly News Update www.news.wellindia.com November- 2011
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MARKET HIGHLIGHT TOP GAINER / LOSSER (MONTHLY BASIS)
 
» MCX, NCDEX, ICEX advance trade time
 
Commodity markets regulator FMC has given permission to the MCX, NCDEX and ICEX to advance the closing time of trade in commodities linked to global markets from 11.30 pm to 11.55 pm with effect from November 7.
The new timings will be applicable for trades on the three exchanges -- MCX, NCDEX and ICEX -- from November 7 through March 10, 2012, the Forward Markets Commission (FMC) said in a statement.
The changes were made to adapt to US daylight saving measures. Most of the metals and energy futures in India, the world's biggest buyer of bullion and third-biggest exporter of iron ore, track overseas markets.
 
» CME suspends MF Global as clearing member
 
The CME Group said late on 31st Oct 2011 it has suspended MF Global Inc as a member of the exchange as the broker-dealer filed for US Chapter 11 bankruptcy protection.
"The President of the Clearing House is announcing that MF Global Inc is deemed insolvent and is automatically suspended as a clearing member," the CME said in a notice.
Earlier in the day, the CME along with exchange operator ICE, limited trading for customers of the 200-year-old futures brokerage's trade to liquidations only, as the firm's sudden collapse in less than a week made it the biggest US casualty of European debt crisis.
Trading activity in gold, crude oil and grain futures slowed to a crawl as the bankruptcy forced a chaotic scramble to untangle trading positions. MF Global brokers were barred from trading floors, according to Chicago traders.
Commodities such as natural gas and crude where MF Global had a strong presence, have been hit harder than others.
» The London Internet Exchange Announces Further Investment in New PoPs
 

The London Internet Exchange (LINX) today revealed that its successful network expansion to three new PoPs, in a shared-risk agreement with Equinix, Interxion and TelecityGroup, has resulted in further investment into these PoPs.
LINX made the significant investment in the new PoPs in 2008 and all three sites have now achieved a break-even run rate. As a result LINX is making further investment into these PoPs as it rolls out its new primary LAN based on Juniper routers.

 
TOP 10 GAINERS (MONTHLY BASIS)
 SCRIPT  CURRENT CLOSE  PREVIOUS CLOSE % CHANGE

       
UTI MUTUAL FUND 2329.16 890.82 161.46
AVANTI FEEDS LTD 133.05 74.45 78.71
GALLANTT METTAL LTD 30.45 17.2 77.03
PRADIP OVERSEAS LTD 100.8 62 62.58
CRONIMET ALLOYS INDIA LTD 168.9 104.1 62.25
SHEKHAWATI POLY-YARN LTD 33.2 22.1 50.23
CAMBRIDGE TECHNOLOGY 10.35 7 47.86
GYSCOAL ALLOYS LTD 20.3 13.95 45.52
DB REALTY 71.95 49.75 44.62
ZENITH EXPORTS 72.5 50.55 43.42
 
 
 
TOP 10 LOSERS (MONTHLY BASIS)
 SCRIPT  CURRENT CLOSE  PREVIOUS CLOSE  % CHANGE

       
VIP INDUSTRIES 173.2 909.75 -80.96
ZENITH INFOTECH 54.85 169.1 -67.56
K SERA SERA LTD 3.65 8.05 -54.66
NU TEK INDIA 1.55 2.65 -41.51
KARUTURI GLOBAL LTD 5.15 7.75 -33.55
CAMLIN LTD 47.1 67.75 -30.48
OCL INDIA LTD 91.5 131.6 -30.47
HOTEL RUGBY LTD 6.15 8.75 -29.71
EURO CERAMICS LTD 14 19.85 -29.47
INDIAVIX 22.66 31.94 -29.05
 
 
 
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Edited & Designed on behalf of Wellindia Research & Education Pvt. Ltd. Team Members:
( Rupa Mehta, Sandhya Rai, Vivek Negi and Bijay Mehta)



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