Nifty, Sensex may bounce back – Wednesday closing report

Nifty may rally on Thursday, if overseas markets are firm


We had mentioned in Tuesday’s market report that the indices are headed lower and any rallies will be met with selling. Today’s session was a volatile one with the benchmark trading marginally higher upto around 11.00 am. After this the market went down sharply. The indices moved almost in the red for remaining session and recorded a loss for the third consecutive session. We expect the market to bounce back tomorrow but the gains my not sustain beyond one or two sessions.
The S&P BSE Sensex opened at 26,983 while S&P CNX Nifty opened at 8,119. Sensex moved in the range of 26,776 and 27,052 while Nifty moved in the range of 8,065 and 8,151. Sensex closed at 26,909 (down 79 points or 0.29%) while Nifty closed at 8,102 (down 25 points or 0.31%). NSE recorded a volume of 85.18 crore shares. India VIX rose 4.13% to close at 18.1400.
The Department of Financial Services, Ministry of Finance, said on Tuesday after trading hours that it has issued a circular to the chief executive officers of all public sector banks, financial institutions and insurance companies assuring them of non-interference in matters of commercial decisions, transfers, and postings. Among other things the circular mentioned that the PSBs should take all commercial decisions in the best interest of the organization without any fear or favour.
Bharat Electronics (13.86%) was the top gainer in ‘A’ group on the BSE. The stock hit its 52-week high today. It filed its shareholding pattern as on 31 December 2014 which showed FIIs increasing their shareholding from 1.85% as at the end of September 2014 to 2.31% in December 2014. DIIs increased their holding from 17.76% to 17.82% while retail shareholding reduced from 5.37% to 4.85% for the relevant period.
IRB Infrastructure Developers (4.27%) was among the top three losers in ‘A’ group on the BSE. It recently informed the exchange that as a part of reinvestigation in the matter of land acquisition at Village Taje & Pimploli near Pune, officers from the CBI visited its Pune Office and Registered Office to check records relating to land acquisition.
Hindustan Unilever (3.48%) continued to be the top gainer in the Sensex 30 pack.
Deutsche bank recently upgraded Hindustan Unilever to 'buy' from 'hold'.
ICICI Bank (2.63%) was among the top two losers among the Sensex 30 stocks. The stock hit its 52-week high on Monday.
On Tuesday US indices closed in the red. The US services sector expanded in December at its slowest rate since February as growth in new business and employment declined, an industry report showed yesterday. Markit said the final reading of its Purchasing Managers Index for the service sector was 53.3 in December, down from its flash reading of 53.6 and November's reading of 56.2. Markit's composite PMI, a weighted average of its manufacturing and services indexes, fell to 53.5 in December from a flash reading of 53.8 and 56.1 in November.
Except for KLSE Composite (0.43%) and NZSE 50 (0.06%) all the other Asian indices closed in the green. SET Composite index of Thailand (1.57%) was the top gainer.
European indices were trading in the green. US Futures too were trading higher.
The latest data showed that German retail sales in November rose by 1% in calendar- and inflation-adjusted terms compared with October, while in annual terms they fell by 0.8%.
According to reports Germany is making contingency plans for the possible departure of Greece from the euro zone, including the impact of any run on a bank.


11 Confirmed dead in Paris shooting

The Public Prosecutor said 11 people had been confirmed killed and 5 injured as yet, in shooting at magazine Charlie Hebdo offices


2 masked gunmen entered the offices of French satirical magazine Charlie Hebdo and opened fire today in Paris. 11 people are confirmed to have died while 5 others have been critically injured.


The French satire magazine has been known for its unabashed take on world events and has lampooned world leaders and issues all over the world.


The shooters were reported to be on the run after the shooting and French President Hollande visited the site to deliver a statement of solidarity.


British MP and Foreign Secretary Philip Hammond offered a condemnation of the “apparent terror attack.”


The magazine's office had earlier been fire-bombed for its satirical edition, which was fictionally attributed to the Prophet Muhammad. The last tweet by the magazine was regarding ISIS head Abu-Bakr Al Baghdadi.


Tweet Image below:




Ralph Rau

2 years ago

Why do these peanut brained killers feel they have the official mandate to conduct these executions on behalf of the great prophet.

Why are Sunnis killing Shias in Pakistan and Iraq? How can hatred and intolerance become part of one's faith system?

There is a definite need to regulate what is being printed in (religious) text books, taught in (religious) schools what is being preached by (religious) teachers. Any message of intolerance, hatred and violence must be dealt with sternly by the law.

Life Exclusive
Aamir Khan's PK collected Rs300 crore. Really?

Viewers are reporting empty seats in cinema halls that are showing Aamir Khan-starrer PK, while trade analysts and media reports claim that the movie has grossed over Rs300 crore and will do Rs500 crores. Hope, the taxmen remember to collect their dues from the movie’s ‘huge’ success


Aamir Khan-starrer PK has reportedly collected Rs300 crore in just three weeks since its release. The movie is being termed an all time blockbuster, trade analyst Taran Adarsh said in a tweet , "PK creates History. Crosses Rs.300 cr. (Week 3) Sun 11.58 crore. Grand total: 305.27 cr nett. India biz." This has become an accepted fact. Global figure of collections is expected to be Rs500 crores. However, there is no independent verification of these figures. Indeed, anecdotal evidence appears to tell a slightly different story. Several people are questioning the collection figure of Rs300 crore and how this is possible with barely half filled theatres across the country.


There are three aspects to understand the 'blockbuster' collection figures. First, the producers wanted to hike ticket rates for PK. Second, there was a controversy about 'hurting' the sentiments of the Hindus. And third, according to several viewers who recently watched the film in theatres, many seats were empty all across major exhibition territories. This raises the question that if halls were not full with viewers, how did the movie collect Rs300 crore in just three weeks?


See the tweets below:



In response, Aamir Khan's so-called fans started bombarding Twitter handles of everyone who questioned the big collection claims. See, for example, when Moneylife's managing editor, Sucheta Dalal saw empty seats at Regal theatre in Mumbai during a PK screening and tweeted about it, she was targeted by an army of such "fans".


These are all bots as they are called in tech parlance. All of them have the exact same tweet. They aren't real accounts of users.


According to Sandeep Khurana, an occasional columnist for Moneylife, the film industry rides on blockbusters. “In terms of budget of box-office (BO) collections, the film industry works due to blockbusters. Much like the US pharma industry, which survives on blockbuster drugs like Viagra, the film industry needs a booster dose of some mega success stories, to feel secure,” he had said.


Khurana wrote, “This sets in motion a sequence of desirable and undesirable actions. A lavishly mounted movie also needs a lavish marketing budget in order to recover costs. Distributors demand item songs, which make cash registers ring and every cog in the wheel from stars to cinema hall owners work at making it succeed; and the first week is make-or-break time. With stakes so high, it also needs friendly reviewers to tailor ratings to suit the industry rather than the cine-goer who forks out just Rs200 for a ticket. The mantra is simple—after the shoot, take what you can in the first week and scoot before word-of-mouth reality sinks in.”


Coming back to the ticket price hike issue, according to a report from Hindustan Times, Aamir khan and Vidhu Vinod Chopra, the producer, had demanded an increase in ticket prices by about 100% for PK shows at Bandra's G7 Multiplex.


Manoj Desai, the owner of the theatre told the newspaper, "I am running the theatre with tickets priced at Rs80 and Rs100, and they are asking me to raise the price to Rs250 and Rs300, which I cannot do, so I withdrew." There was hardly any question of hiking the rates since the film is hardly drawing any crowd – even on holidays like the 25th December as this picture shows.


Even Mumbai's famous Maratha Mandir theatre had decided not the screen PK due to the demand to hike ticket prices. In a report at that time, Financial Express had said, "The ticket prices have been hiked up across all multiplexes and single screen theatres. Vidhu Vinod Chopra on one hand has promised transparency as far as box office numbers are concerned but at the same time, such arm-twisting is in bad taste. What is shocking is that Aamir Khan on one hand has espoused so many wonderful causes through Satyamev Jayate but at the same time in a quest for breaking records he is becoming part of this race for monetary success.”


Even the controversy that always accompanies an Aamir Khan movie did not help. Demanding a ban on PK for lampooning Hindu Godmen, activists from the Vishwa Hindu Parishad and Bajrang Dal attacked theatres screening the film in Mumbai, Ahmedabad and Bhopal.


What is surprising is another movie, 'Oh My God' starring Paresh Rawal (now a Member of Parliament) and Akshay Kumar exposed more misdeeds that are going on under the name of religion. However, there was hardly any adverse reaction to this movie.


Bharatiya Janata Party (BJP) leader Dr Subramanian Swamy also had raised several question on the funding of PK. Dr Swamy tweeted, "Who financed the PK film? According to my sources, it is traceable to Dubai and ISI. DRI must investigate".


DRI is the Directorate of Revenue Intelligence and ISI stands for Pakistan's infamous Inter-Services Intelligence. No need to guess what Dr Swamy had to face from the bots on Twitter after this tweet.


Financing of Indian films has always been shrouded with mystery. More so, since the entry of underworld dons in the film financing business. In the 1960s, Mastan Haider Mirza, popularly known as Haji Mastan became the first underworld mobster to give money to directors and studios for producing films. Later he himself turned producer.


According to a report from Daily Bhaskar, the underworld mafia gangs have been known for stopping release of films and threatening stars for money. The goons used to pressure filmmakers to give their overseas rights to their front companies. “Several Bollywood stars have been found having connections with the underworld. Sanjay Dutt has been sent to jail for his role in the 1993 Mumbai blasts masterminded by Dawood Ibrahim. Actress Mandakini was rumoured to have a relationship with Dawood Ibrahim and was spotted with the don at several occasions,” the report says.


According to media reports, the record for highest box office collections was held by Aamir Khan’s another movie ‘Dhoom 3”, produced by Yash Raj Films. This movie had collected about Rs284.27 crore till date. With PK reportedly surpassing this figure, fans of Aamir Khan are rejoicing and targeting anyone who questions the logic or accounts of this collection. This also highlights the need to have a proper system in place to account for the entire film business and deals that have so far remained shrouded in mystery. Be it the fees charged by stars or funding sources of producers, it has always remained opaque.


You may also want to read…


Bollywood Box Office Unplugged-I: Why the first day and first week is make or break


Bollywood Box Office Unplugged-II: Winners and losers among the 2012 releases


Bollywood Box Office Unplugged-III: Movie reviewers, reviewed



Bikramjeet Singh Duggal

2 years ago

Could it be a straightforward case of money laundering through theatre receipts?

tapan sur

2 years ago

this is another story like the Achhe Din phrase, hype hype & hype till u collect praise, money & everything good 4 the advertised project. But hype's fall after the cat is out of the bag, another hype & the biggest hype & loss will b the stock market where people want 2 garner profits on the back of short term achhe Din phrase.Innocent common man is always the looser, & they never complain.Moneylife should b blessed 4 showing reflection of such hypes!tapansur

Janakiraman Rajalakshmi

2 years ago

My brother called J.Mohan ( a characterless scoundrel) chartered accountant who did BSc.Chemistry in St.Xavier's College Calcutta plotted along with my mother & several others KILLING my father S.Janakiraman
on 2/1/1978.

Also wanted to kill my brother J.Prakash , my Paternal Grandmother ( my father was her ONLY son)& me. Bombarding us with psychiatry drugs & ECT was the method he chose. One of his two girlfriends was one doctor called Lakshmi Raman ( father DK.Raman Chief Manager of SBI a big shot those days). The other was Meena Raman a model, dancer & wannabe actress. Acted in some plays of Prof.Vishwanathan of Calcutta. Presidency College student who did some comparative literature in Jadavpur University.

Later Mohan married one Vasudharini a chartered accountant from the same Calcutta. Her father called Nagarajan ( who died some years ago due to malignant malaria) said he came from SriLanka a pauper. But did gambling , horse racing & I do not know what else becoming incredibly rich. To evade income tax sleuths furnished his house very sparingly. Hid lot of money inside various bank lockers. It was said he was in Indian jail but escaped by financing many kollywood movies & porn movies. Conned many people with his dubious chit fund schemes like " invest in my teakwood plantations in Orissa & treble your money in six months" thus swindling many.
He boasted he was well connected to certain ULFA militants & that no one would dare arrest him. Salted away lot of his money in some private bank called 'Karur Vaisya Bank' ( I am not very sure that is what I heard).

Both mohan & vasudharini settled down in Bangalore after marriage bying lots of properties in Karnataka , Chennai & Calcutta. he was with Wipro , Digital Electronics. She was with Shaw Wallace( Calcutta) , then Times of India & NABARD. Soon left for Kuwait.
Mohan worked in Kutaiba & Basam Alghanim Group of Companies. she in badar Al Mullah group. Made a hell of a lot of money.
In addition to that made lot more money through their har core porn movie video cassettes business in ISLAMIC Kuwait.

I overheard one gururaj (another uber rich karnataka fellow in Kuwait) bragging to others during a party " mohan owns the largest library of xxxxxrated movies in entire Kuwait".

I could NEVER approach any Police /Law Enforcer in Kuwait & in India. As my TRRANNICAL husband S.N.Ramachandran was also a partner in this CRIME with mohan.My brother J.Prakash was KILLED with psychiatry drugs in Calcutta. They were doing the same to me.I know no Arabic. Only Tamil & English.

I have never stepped out of the house alone. My child & I were always BLACKMAILED by S.N.Ramachandran , Mohan , his wife vasudharini & my in laws , my sisters in India.

Later mohan & vasudharini went to Dubai. He worked for Al-Futaim. Now well settled in London Ontario Canada owing a duplex apartment with a Dutch taking care of their huge garden full of cedar trees etc etc.Have one son called shiva & a daughter called madhavi.

Despite my writing everything on Internet & communicating to Police in Canada they remain mighty UNTOUCHABLES.

They contribute to baba ramdev for his kapalabhati , some pittance to Thirupathy Temple as bribery to Lord Venkateshvara. To all they are "aam janata".

His number is +15198579333.
Wield tremendous clout in Canada also. Vasudharini by screening all kinds of movies in her "home theatre" has established powerful contacts. Others call it "networking skills of vasudharini". Both are chartered accountants & have expertise in evading, falsifying , LYING etc. My husband S.N.Ramachandran's family specializes in FORGERIES.
His birth certificate is FORGED. My marriage itself is faux that took place in Calcutta on 31/March/1982.

Indian Embassy condoned everything he has done. The company he has been with have not taken any action. Kuwait Police arrested him twice but he could easily get away by telling them all (sic)" my wife is a psychiatry not listen to her....all hallucinations".

He is presently CFO in Fouad Alghanim Group of Industries in Kuwait. His company given Blackberry number is +96597201449. This company also is shielding him as apparently he makes profits for them. And has procured jobs for lots of indians men & women who are obdurately loyal to him. All of his indian colleagues have assisted him several times in dragging me out of my apartment stripping me naked , shaving my head & incarcerating me in psychiatry torture chambers here in Kuwait. With the help of one egyptian quack called dr.mufty an employee of HEISCO , a lebanese called Waleed who broke open the lock many times & egyptian watchman who called me "shaitan" after accepting plump bribes in the form of Kuwaiti Dinars.


Janakiraman Rajalakshmi

In Reply to Janakiraman Rajalakshmi 2 years ago

It could also be Madura Bank I know this much it was not a nationalized bank then. That is where nagarajan vasudharini's father hid a huge chunk of his ill gotten wealth. He had lots & lots of antique jewellery , precious stones that one would normally associate with some royal families. He told " some King who he served loyally gave away all those jewellery for FREE". Nobody asked him which "King" & which "kingdom".


2 years ago

A Villager Dhobi once said ...Film Industry is doing with Money what we do to clothes "

Veeresh Malik

2 years ago

Pretty much everybody agreeing with the article are doing so in their real names while those who appear to be defending the movie appear to be in fake names. That says a lot too!!



In Reply to Veeresh Malik 2 years ago

do u know story of frog in a well. That Applies to most of people commenting herd.
U wont understand the meaning of this comment also and i know y..


2 years ago

All posting negative comments against PK are losers. He he losers.
Bcoz u could not suceed does not mean others cant.

Vivek Rastogi

2 years ago

They are actually converting Black Money to White Money.


Abhijit Gosavi

In Reply to Vivek Rastogi 2 years ago

So that's what it's all about. Have been wondering what is going on. No, the movie is not a hit in the U.S. --- based on what I hear: in most theaters, it was houseful for the first day or so, and then the attendance tapered down.


2 years ago

Come on money life. Whats wrong with u?Just because that Sucheda , I dont even remember her name because who cares about her. Does she exist for us.
Ya so back to the point,how much PK earned , was it fake or not,whats your problem?
Why you people want to graze on other people popularity?
I m in UKand even here in Bristol, its been 4 weeks and film is still running.
Ok,so stop it.
Its a blockbuster and accept it.
And I would say to that dyslexic alien lady Sucheta whatever just .....

Kiran Aggarwal

2 years ago

Manoj desai owner of gaity galaxy blacks ticket.
insider ring .
go n check moneylife wd stringers help.

hence VVC dis not gave him rights.

Film business is disorganized .
it is not AAMIR / Vinod Chopra / Hirani fault .


Tariq Moula

In Reply to Kiran Aggarwal 2 years ago

yes i agree...gaiet galxy blacks for 2-3 weeks if its a big star movie...i m happy that movie didnt release in g7 and nandi we get for 60 bucks in bandra

Janakiraman Rajalakshmi

2 years ago

Already certain film makers of kollywood ( Tamil Nadu)have been lobbying & I guess have succeeded in bypassing cinema halls altogether with their direct home telecasting by entering into a deal with certain cable operators. Most of these cable operators belong to dmk party. Maran brothers included.Almost all people have tv sets & movies & soaps watching is akin to oxygen one breathes for most Indians. They would be asked to pay online or to the cable operator & watch all movies. Thus all controversial movies included would reach the masses. No one would be able to voice their protest. Cinema hall owners would incur heavy loss.

One such film maker called Cheran said " today it does not cost much to make a movie.It is marketing & advertising that involves heavy expenditure. "

Nobody is asking the pertinent question " Why on earth should new movies be made at all by indians...why not have a rerun of old movies that are much more watchable with better stories , lyrics , music & far better actors & actresses".

It is such a delight to watch old Bengali , Tamil & Hindi movies of Balraj Sahni, Waheeda Rehman , Guru Dutt , Dev Anand Nutan , Sanjeev Kumar, Meena Kumari ,Nanda, b/w of MGR , Sivaji Ganesan , Nagesh , Uttam Kumar today. And practically all of them.

Janakiraman Rajalakshmi

2 years ago

A lot of these film folks have been tax defaulters.Occassionally newspapers report but tax never gets collected & they are NEVER punished for evading tax like middle class salaried people.

Shah Rukh Khan,AR.Rehman , Jesudas & lots of other names including hindu actresses & actors appear as tax defaulters.

PChidambaram once offered "tax amnesty" for them cleverly justifying it as the only way of recovering black money. So amitabh bachans & several others allegedly paid tax arrears with the luxury of escaping punishment.

America is very strict in punishing defaulters. India is just the opposite.

Jessie Gill

2 years ago

Well, when Raj Kumar Hirani can sell his religion to make money, he will even sell his mother to make money and not even stooping so low to lie and cheat on the figures. Moneylife should investigate this and get to the truth of the real collection of PK. Shame on Aamir Khan for being such a cheat and a liar as well as the producer and director. Do they really think they can get away with lying. Get the real collection from the individual cinemas and add it up, then we will know the truth.

Invincible Guy

2 years ago

I watched movie during first week of jan nd the theatre was 60-70% occupied that too late eveng show...i dont know in which theatre u nd the other tweeters saw the movie...may be on another planet as aliens...😄
Now who is paying u to publish this crap ?

Janakiraman Rajalakshmi

2 years ago

What is NOT fake today?

Let these kollybolly presumptuous know alls try making a no holds barred movie unmasking the CRIMINAL conduct of allopaths , surgeons , psychiatrists & their nexus with pharmaceutical companies , medical labs.

The entire medical fraternity would call a nation wide strike.

Clint Eastwood an American however has boldly made one called Changeling starring Angelina Jolie.

Which is very much happening in India.

Keep hidden cameras inside all indian fim makers , film stars homes & screen those calling it

The fights are but simulated. And they make billions for such simulated fights. Why not take away all their billions handing them over to Indian Armymen , CRPF , Indian Police (one CRPF called Induwar was beheaded by naxalites when p.chidambaram was the home minister. It was reported Induwar's salary for three months had remained unpaid.

The romancing they do on celluloid is but FAKE.

amir khan has had two wives both hindus. Divorced the first wife & married the La Martiniere churned out cretin from Kolkata.

Juxtapose these with Tulsidas's WIFE who with her one whiplash like exhortation gave a Ram Bakth Tulsidas for us.

The Queen Madhalasa who Svami Vivekananda extols. Who with her single lullaby turned all her children into SAGES. The King her husband had to request her to spare at least one son so that he could rule over the Kingdom. Why should I write what strategy Madhalasa did??

How can this india regain its lost GLORY if we continue to defend & worship worthless scum embracing these as role models??

How can any country NORTH KOREA included respect such an india.


2 years ago

Sorry ! I omitted to mention another fact which boosted its Box office viz; PK movie is made Tax Free in 2-3 Indian States where non-BJP Government is working. Thus it became affordable to more people and got a Philip to draw more audience.

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