MARKETS
BUYBACK
e-Serve buyback may hit roadblock
WITH the e-Serve International shares ruling above the Citicorp Overseas Investment Ltd's offer of Rs 800 per share, the buy-back offer is running into institutional-investor resistance. This could either force Citigroup to revise its buy back ...
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MUTUAL FUNDS
FIIs eyeing MF route to gain more exposure — Bid to get around sectoral limits
FOREIGN institutional investors (FIIs) are sniffing around Indian mutual funds to see if they can be used as channels for investing in the Indian market. The primary motivation spurring this interest is that this would be a valid channel to ...
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`Raw deal' for tax planning funds
IMAGINE a class of equity funds that has yielded, on average, more than 33 per cent returns over the past three years. Also consider their asset base: paltry compared to `normal' diversified and actively managed equity schemes. Put the two images ...
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TECHNICAL ANALYSIS
Bears prevail
THE sentiment reading of the tradable counters continues to remains bearish. Bull domination on Monday is likely to change the sentiment reading in their favour. Otherwise, the prevailing bearish sentiment is likely to be further ...
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STOCK EXCHANGES
MSE plans arm to have derivatives facility
THE Madras Stock Exchange plans to start a subsidiary company that would have trading rights in the derivatives section of National Stock Exchange because of significant local interest in it. MSE's stockbrokers would be able to use NSE's ...
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STOCK MARKETS
Tea stocks gain on firm prices
AFTER sugar companies' shares, it is the turn of tea companies' shares to attract market attention due to the rise in the tea prices. In today's trading, the stock price of most of the tea companies gained. Brokers and industry experts said tea ...
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Sintex Ind sees block deals
THE Sintex Industries stock today surged ahead with support from large deals on major bourses. The counter clocked traded quantity of 4.45 lakh shares on the Bombay Stock Exchange and 5.25 lakh shares on the National Stock Exchange. The ...
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Driven up by concerted buying
THE stock of Dai-Ichi Karkaria, a company that makes detergents, chemicals and drugs has been in the limelight for the past few sessions. According to an informed source, a few Mumbai-based traders are accumulating the stock. The source said ...
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DERIVATIVES MARKETS
HPCL near-term outlook positive
THE following strategies are based on Friday's trading in the spot and derivatives segments on the NSE: HPCL: The stock closed at Rs 460 in the spot market. The near-term outlook appears positive. The upside price target is Rs 484. ...
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FOREIGN INSTITUTIONAL INVESTORS
FIIs must get RBI nod to buy Kopran shares
FOREIGN Institutional Investors must get permission from the Reserve Bank of India before buying shares in the pharma company Kopran Ltd, as their combined stake had touched a trigger limit of 22 per cent, the RBI said in a communication on ...
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REGULATORY BODIES & RULINGS
What's in a name? Lots, says SEBI
THE Securities and Exchange Board of India on Friday further tightened the norms for changing names of companies. The market regulator in a notice to stock exchanges said corporates will be allowed to change their name only after a gap of one ...
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COMMENTARY
Markets back in negative zone
THE stock markets shed more points on Friday, after witnessing volatile trading activity. Although the market showed signs of a revival in the earlier trading hours, the negative sentiment that prevailed during this week took its effect. More
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