MARKETS
PREFERENTIAL ALLOTMENTS
Govt offers IPCL shares to staff at Rs 57
INDIAN Petrochemicals Corporation Ltd (IPCL) on Monday said that the Government had offered 1.24-crore equity shares of the company to its employees at a price of Rs 57 per share. At that rate, the offer price is one-third of Rs 170 per share ...
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MUTUAL FUNDS
Allahabad Bank to vend UTI-MF products
UTI Mutual Fund has tied up with Allahabad Bank for distributing its schemes, the fourth bank in the country with which it has entered into a strategic arrangement. The Kolkata-based bank will offer the entire range of funds managed by UTI ...
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TECHNICAL ANALYSIS
Bulls prevail
THE sentiment reading of the tradable counters stands absolutely bullish with no downtrend counters. Bear domination on Tuesday is likely to reduce the bull count by a substantial margin, thereby, neutralising the sentiment reading. Otherwise, ...
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STOCK MARKETS
Over 3 lakh ONGC shares auctioned
AS anticipated by most market players, several investors failed to deliver shares of ONGC for trades done on last Monday and Tuesday. The shortfall was over three lakh shares. This was seen from the shares that came up for auction today. For ...
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Sugary attraction
SOME institutional investors have been slowly accumulating shares of sugar mill Balrampur Chini since last week. According to a market source, the company's top officials had made detailed presentations to investors recently. The source said the ...
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Patni Computers stock bounces back
THE Patni Computers stock today not only witnessed arrest in its price slide on the major bourses, but registered a decent bounce-back. The counter gained 4.59 per cent on the Bombay Stock Exchange with a traded quantity of 5.28 lakh shares, up ...
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DERIVATIVES MARKETS
Reliance: Outlook positive, buy April futures
THE following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE: Reliance Industries: The stock closed at Rs 575 in the spot market. The outlook will remain positive if the stock trades above Rs ...
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ASSET MANAGEMENT COMPANIES
HSBC AMC on expansion drive
HSBC Asset Management Company is setting out on an expansion drive, according to Mr Sanjay Prakash, Chief Executive Officer, HSBC Asset Management India Private Ltd. The mutual fund company is opening three new branches — at Ahmedabad, ...
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UTI sponsors appoint agencies to value shares of asset co
FIVE independent agencies have been appointed by the sponsors of UTI Asset Management Co to ascertain the value of its shares as part of a plan to further unbundle UTI Mutual Fund. The plan may eventually lead the asset management company ...
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COMMENTARY
Buying interest in heavyweights pushes up Sensex
THE markets witnessed strong buying interest as the benchmark BSE Sensex opened the first trading day of the week on a positive note. The strong buying interest in the key index heavyweights Reliance Industries and Infosys Technologies propelled ...
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Stock Quotes
SE Diary
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