MARKETS
FINANCIAL SERVICES
`Geojit Platinum Club' for high net worth investors
THE Kochi-based Geojit Financial Services Ltd is all set to unveil a new wealth management product targeted at high net worth investors. Disclosing this to Business Line, Mr C.J. George, Managing Director, Geojit Financial Services, ...
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MUTUAL FUNDS
SEBI moves to protect small investors in MFs — Norm soon on NAV cut-off time
CORPORATE and institutional investors would no longer be able to take advantage of the absence of strict cut-off timing of net asset value of mutual funds. To plug this discriminatory practice, the Securities and Exchange Board of India (SEBI) ...
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ULIPs' expense ratio cut may not impact MFs
THE mutual fund industry does not expect a fallout from the drop in annual management fees charged by unit linked insurance policies. A return on a mutual fund investment, and not the fees charged, was an investor's chief concern was the general ...
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STOCKS
Goldman Sachs buys 3.35 pc in Pantaloon
GOLDMAN Sachs Investments (Mauritius) has acquired 3.35 per cent stake in Pantaloon Retail (India). With the latest acquisition Goldman's holding in the company has gone up to 8.05 per cent, highest amongst the domestic funds and overseas ...
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TECHNICAL ANALYSIS
Bear domination
THE sentiment reading of tradable counters stands bearish. Irrespective of bull or bear domination on Friday, the prevailing bearish sentiment is likely to continue with a slight change in its value. Nifty futures recommendation: At ...
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STOCK MARKETS
Another Thursday fall; Sensex loses 120 points
THE bulls must be literally seeing red on Thursdays. The stock market has crashed every Thursday since January 10 this year; and today was no different. The Bombay Stock Exchange's Sensex lost 2.18 per cent of its value on sustained pounding ...
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Recent IPO stocks fall below listing levels
SHARES of recently popular IPO candidates appear to have run into rough weather with stock values falling sharply from their listing price levels. Shares of Patni Computers, Indraprastha Gas and TV Today, among those heavily oversubscribed ...
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KPIT Cummins scrip draws bourses interest
THE stock of software services provider, KPIT Cummins, has been witnessing some amount of market interest on the bourses in the recent past. Brokers said that the counter has been infused with an optimistic undertone ever since Cummins had ...
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Crude prices have a bearing
THE stock price of companies in the oil and refining sector came under heavy selling on Thursday. Among the stocks registering price dip were IOC, BPCL, HPCL and RIL. Even stock prices of companies such as Bongaigaon Refinery and Mangalore ...
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DERIVATIVES MARKETS
Trading activity drops in F&O segment
WITH the markets turning extremely bearish, trading activity in futures and options segment on the National Stock Exchange has been falling of late. Thursday was no exception as the NSE's S&P CNX Nifty plummeted by 1.90 per cent. About Rs ...
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COMMENTARY
Bank stocks stay afloat amidst bear grip
THE indices were in the strong hold of bears on Thursday and languished in the negative territory for most part of the day. The BSE Sensex opened the day as 5539.72 points and steadily fell to a low of 5399.05 points. It closed the day to ...
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IPOS
Data Access IPO gets nod
DATA Access will make its Rs 50-crore initial public offer by the end of March this year. The Securities and Exchange Board of India had given clearance to the company's IPO on Thursday. according to a news release from the company. The IPO, ...
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PEOPLE
SHCIL Managing Director quits
THE Managing Director of Stock Holding Corporation of India, Mr K.C. Bandopadhyay, resigned on Thursday evening. According to top sources in SHCIL, Mr Bandopadhyay quit citing personal reasons but would continue to hold charge until April 30. ...
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