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Post its issue closing on May 3, it was seen that the IPO of SJVN Ltd. has been over-subscribed 6.64 times it original number.

While the analysts think that the issue has just got lukewarm response, it is commendable looking at the kind that was generated by other disinvestment IPOs.

As per the latest information, the public issue received bids for 2,754,524,000 equity shares as against its offer of 415,000,000 equity shares. For as many as 326,502,000 it got bids at the cut off price. The others were other over-priced or were given below the price allotted.

NDTV Group announced on Tuesday that

Indian stock exchanges finally managed to stay away from disclosing all their information as a decision bench of the Delhi High Court on Tuesday stayed the decision passed by a single bench to bring in the stock exchanges under the Right to Information (RTI) Act.

The decision bench, which stayed the order passed by Justice Sanjeev Khanna on April 15, was spearheaded by acting Chief Justice Madan B Lokur.

Technical analyst Sanjay Surekha is of the view that investors can buy CMC Ltd stock for short term target of Rs 1400.

According to Surekha, the investors can buy the stock with a stop loss of Rs 1346

Today, the shares of the company opened at Rs 1330 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1525 and a low of Rs 476 on BSE.

Current EPS & P/E ratio stood at 94.59 and 14.57 respectively.

CMC Ltd announced a steady growth in standalone net profit for the three month period ended March 2010.

Following downturns in Asia and Europe sparked by concerns about national debts, U. S. markets tumbled hard Tuesday.

MarketWatch has reported that with debt in Greece at a crisis point, investors learned Tuesday that Spain, representing a far larger economy, was considering turning to the International Monetary Fund for a loan.

Stocks plummeted. Dow component Caterpillar Inc. dropped 4.63 percent, while Alcoa Inc. gave up 4.33 percent.

As the dollar leaped higher, trading up 1.35 percent on the dollar index on Tuesday, prices closed mixed on the Chicago Board of Trade.

Corn was off 2 1/2 to off 2 3/4, soybeans were off 2 1/2 to up 1/2, wheat was off 3/4 to off 1 3/4 and oats were off 1/4 to off 3/4.

It has been reported that corn found support in a late frost warning for northwestern areas of the Corn-belt but damage may be light, as the area is also generally late with planting.