Share Khan

(Bombay Stock Exchange) Stock market recovers after FM's assurance Mumbai: The BSE benchmark Sensex recovered its early morning losses and was quoted 8.23 points higher at 13,271.13 level at mid-session after Finance Minister P Chidambaram said that public sector banks will not be affected by the US financial turmoil as they are not exposed to it. The 30-share index, which lost 704.76 points in opening trade, staged a comeback to quote in positive territory at 13,271.13 points at 1330 hrs, up by 8.23 points over the previous close of 13,262.90. The wide-based National Stock Exchange index Nifty was also up 14.35 points at 4,023.60 after dipping to 3,799.55 in early trade. Stock brokers attributed the midway partial recovery in shares, particularly banking stocks, to Chidambaram's statement that public sector banks are not exposed to the US financial crisis. The banking index was back in the positive zone with a rise of 50.41 points at 6,643.37 as stocks of largest private lender ICICI Bank gained Rs 11.70 at Rs 572, State Bank of India by Rs 33.15 at Rs 1,561.80, Axis Bank by Rs 19.15 at Rs 686 and Kotak Bank by Rs 15.65 at Rs 569. On the other side, Ranbaxy remained under selling pressure and lost Rs 31.30

at Rs 347.80, Bharti Airtel was down by Rs 45 at Rs 725 and Reliance Industries shed Rs 8.10 at Rs 1,865.50. (PTI)

Sharekhan.com, SSKI Securities Pvt. Ltd. Print This Post Email This Post

Company Overview: ShareKhan.com is an online trading facility founded in 1999-2000 with a focus on equities, derivatives and commodities brokerage execution on the National Stock Exchange of India Ltd. (NSE), Bombay Stock Exchange Ltd. (BSE), National Commodity and Derivatives Exchange India (NCDEX) and Multi Commodity Exchange of India Ltd. (MCX). Management Shripal Morakhia, Chairman Shripal Morakhia, worked with the President of the New York Stock Exchange as Executive Assistant during 1979-1980 after obtaining his Masters Degree in Administration. He has also been on the Board of the Mumbai Stock Exchange as Director from 1988-89. Ketan Parekh, CTO

Ketan Parekh joined Sharekhan.com in the year 2003 and has been the Head of Technology since then. Ketan Parekh graduated in the year 1985 aand took on ERP implementations at Oracle till ‘97. He did his ebusiness course by 2003. His past experience include workin with Money Care now, Saurashtra Capital Services and Cambridge Techonology Partners (CTP). He has also worked with Novell - Mumbai following the acqusition of CTP by Novell Inc India before taking on Sharekhan as CTO. Website/s: www.sharekhan.com

Corporate Address Branch - Head Office A-206, Phoenix House, 2nd Floor, Senapati Bapat Marg, Lower Parel, Mumbai- 400 013. Telephone No: 022-67482000 Toll Free: 1800227500 City:Mumbai. Key Competition: ICICIDirect, Kotak, HDFC Investors: VC Circle News, breaks IDFC’s stake of 66.67% in SSKI the parent company which holds retail equity brand Sharekhan from its original promoters the Morakhias. The remaining 33% is owned by the employees of the company. Additional Notes: Sharekhan Ltd provides trade execution services through Multiple channels - an Internet platform, telephone and retail outlets and is present in 225 cities through a network of 615 locations This entry was added on Thursday, July 26th, 2007 at 1:38 pm and is filed under Financial Services, S, Mumbai, All Company Profiles.