MARKETS
FINANCIAL SERVICES
`Brokers don't toe SEBI line on payment, deliveries'
DESPITE a clear diktat from the Securities and Exchange Board of India barring routing of payment and delivery of shares to investors through sub-brokers, this practice is continuing unabated while the stock exchanges and the regulator are at a ...
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Company secys seek bigger role in capital market
THE Institute of Company Secretaries of India (ICSI) is pitching for a larger role for its professionals in the capital market. "Company secretaries can help strike a balance between compliance requirements vis-à-vis educating investors and the ...
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MUTUAL FUNDS
Vijaya Bank vends Principal group's MF products
State-owned Vijaya Bank launched the distribution of Principal Group's mutual funds from its branches. The move follows the tripartite partnership between Punjab National Bank, Vijaya Bank and the Principal Financial Group to float an asset ...
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Franklin Templeton MF to rationalise funds
FRANKLIN Templeton Mutual Fund plans to rationalise schemes in order to eliminate duplication with funds that were added from the acquisition of Kothari Pioneer Mutual Fund. Post rationalisation, the total number of funds will be between 35 ...
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TECHNICAL ANALYSIS
Bear domination
BEARS extended their dominance over Monday's trading activity. Bulls were unable to make any impact during the day's trading. Monday's market action resulted in terminating most of the uptrend counters in the list. The sentiment reading of the ...
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STOCK EXCHANGES
BSE to add 50 more cos to `Z' group under new criterion
IN an effort to avoid investors getting lured to company's shares that have weak financials, BSE has decided to add one more criterion for shifting companies to Z group. The additional criterion is companies that are fundamentally weak in ...
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STOCK MARKETS
Shot in the arm for Jaiprakash Ind
THE stock of Jaiprakash Industries scaled an all-time high (since 1993) of Rs 144.45 intra-day on the BSE on sustained buying from market players. The counter, however, came off its high to end the day at Rs 140.45, up 4.89 per cent, on the ...
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PNB up 7.4% on IFCI acquisition hopes
"With their strong positions in the North, a merger is very much possible."
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Bullish Sage in oil co?
A BIG foreign investor is reportedly picking up shares of IOC in large quantities. A market source said the investor appears to have placed orders to buy shares in the country's largest oil refining and marketing company up to a substantially ...
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DERIVATIVES MARKETS
Positive outlook for Canara Bank
THE following strategies are based on Monday's trading in the spot and the derivatives segment on the NSE: Canara Bank: The stock closed at Rs 154 in the spot market. The outlook on this stock is positive. The upside price target is Rs ...
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COMMENTARY
Sustained selling pressure marks the bout
A STRONG wave of profit-booking on Monday set the fears amongst marketmen of the commencement of a long-pending correction in the markets. Selling pressure was sustained through out the trading session and except for banking sector that found ...
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Stock Quotes
SE Diary
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