Off market deal in NDTV

AmoghG · #1 27th December 2007, 11:41 AM

26/12/2007 532529 NDTV LTD. PRANNOY ROY B 4835850 400.00
26/12/2007 532529 NDTV LTD. G A GLOBAL INVESTMENT LIMITED S 4836000 400.00

Isn't this illegal? Market price is around 450 bucks... what the hell is happening?

nonstopkaran · #2 27th December 2007, 12:39 PM

Quote:

Originally Posted by AmoghG

26/12/2007 532529 NDTV LTD. PRANNOY ROY B 4835850 400.00
26/12/2007 532529 NDTV LTD. G A GLOBAL INVESTMENT LIMITED S 4836000 400.00

Isn't this illegal? Market price is around 450 bucks... what the hell is happening?

can you explain it in detail..

And i also have an doubt...
IFCi closed 105 (i.e) the market is closed.
and next day it opened at 75 ...

how is it possible....... is there any buying or selling happening even after the market is closed.
If yes how. can we do trade even after the market is closed.

Kindly throw more light on it.........

aijaz159 · #3 27th December 2007, 01:03 PM

Quote:

Originally Posted by nonstopkaran

can you explain it in detail..

And i also have an doubt...
IFCi closed 105 (i.e) the market is closed.
and next day it opened at 75 ...

how is it possible....... is there any buying or selling happening even after the market is closed.
If yes how. can we do trade even after the market is closed.

Kindly throw more light on it.........

Hi friends, what is being monitored by our friends if this trading is illegal (defenitely looks) less than market rate, we small investors are at great risk, we are forced to think that the currect stock prices are trader boosted, we should inform sebi and regulators, they owe an expalnation to all.
ajaz.

ratan jain · #4 27th December 2007, 01:38 PM

Quote:

Originally Posted by nonstopkaran

can you explain it in detail..

And i also have an doubt...
IFCi closed 105 (i.e) the market is closed.
and next day it opened at 75 ...

how is it possible....... is there any buying or selling happening even after the market is closed.
If yes how. can we do trade even after the market is closed.

Kindly throw more light on it.........

Hi, Heres some light for u

Suppose u go to buy potatoes.
price 15 rs per kg at 9 pm

next day, there is huge supply comming in from neighbouring state, early morning, and traders are willing to buy potatoes only at 9 rs per kg.

You go to buy potatoes at 1 pm that day and the price is 12 rs per kg!

WHAT!!!!!!!!!!! yesterday it was 15 and now its 12!!!!!!!!!!!!!!

Did someone sell potatoes in huge quantity?
No, people just wanted to buy at 9 per kg, there were maybe no transactions above that because the trucks were being offloaded in front of all traders.

So, moral of story, it did not mean that some roadside vendor went at 4 am and sell a few truckloads to drag price down to 9 rs per kg.

PS: I just came back shopping for vegetables

so.... the analogy in these terms

PPS: Its nice to take a break

sudoku1 · #5 27th December 2007, 02:10 PM

Quote:

Originally Posted by aijaz159

Hi friends, what is being monitored by our friends if this trading is illegal (defenitely looks) less than market rate, we small investors are at great risk, we are forced to think that the currect stock prices are trader boosted, we should inform sebi and regulators, they owe an expalnation to all.
ajaz.

this is not illegal.....its a predefined price between the two parties & not necesarily take place in the mkt.....it can take place @ any time of the night also ,but.....has to b reported to the exchanges before the nxt opening.....

idea · #6 27th December 2007, 02:21 PM

hello idea
intraday trading tips

satishjk · #7 27th December 2007, 04:04 PM

@nonstopkaran

Here is how IFCI thing worked. As it opened there were several sellers who were willing to sell their shares at market price. Now since there is more supply than demand the buyer dictates the price. Buyers were willing to pay only 75 to buy. There were no buy orders above that price at that time. So it was sold to that buyer since the seller was willing to sell it at market price. This was pure panic selling.

So the lesson here is market works by a simple theory of supply and demand. If supply is more buyers dictate the price and when demand is more sellers dictate the price.

sudoku1 · #8 27th December 2007, 04:10 PM

Quote:

Originally Posted by satishjk

@nonstopkaran

Here is how IFCI thing worked. As it opened there were several sellers who were willing to sell their shares at market price. Now since there is more supply than demand the buyer dictates the price. Buyers were willing to pay only 75 to buy. There were no buy orders above that price at that time. So it was sold to that buyer since the seller was willing to sell it at market price. This was pure panic selling.

So the lesson here is market works by a simple theory of supply and demand. If supply is more buyers dictate the price and when demand is more sellers dictate the price.

2 MAKE IT MORE SIMPLE.....take this....2 days sensex close...20217...now suppose if the dow is 2 tank 400 pts tonight & HANGSENG is down 1000 pts before our opening.....the result ???
v will open at least 400/500 pts down....is this to say that trades took place last night...? no....people were not ready to buy @ 20172 as everyone was xpecting lower prices & hence lower opening....

nonstopkaran · #9 27th December 2007, 04:31 PM

Quote:

Originally Posted by satishjk

@nonstopkaran

Here is how IFCI thing worked. As it opened there were several sellers who were willing to sell their shares at market price. Now since there is more supply than demand the buyer dictates the price. Buyers were willing to pay only 75 to buy. There were no buy orders above that price at that time. So it was sold to that buyer since the seller was willing to sell it at market price. This was pure panic selling.

So the lesson here is market works by a simple theory of supply and demand. If supply is more buyers dictate the price and when demand is more sellers dictate the price.

you hit the nail on its head man........
many thanks for your explanation.......

@ ratan jain thanks for ur explanation too........

its pretty clear now......

@ amog ....... sorry to interfear in ur thread.. but i thought both will be the same kinda question thats y......

anyways understood that both are different.......

can some one throw light on that NDTV issue......

cheers,
karan

warehouseman · #10 27th December 2007, 06:27 PM

Do circuits lower or upper play a role, how can share be allowed to exceed a circuit zone from one day to another. Does it also mean if a share is 5% LC on one day it can open 20% down the next day and the circuit of 5% start from 20% down only.