MARKETS
OPEN OFFERS
India Gypsum UK promoter plans open offer at Rs 105
INDIA Gypsum's British promoters, BPB plc, has decided to buy up their residual stake of 19.99 per cent in the outfit at a price of Rs 105 per share through an open offer. BPB plc holds 79.99 per cent stake in India Gypsum through two ...
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FINANCIAL SERVICES
JM Capital plans to raise assets to Rs 6,000 cr
JM Capital Management Ltd is planning to raise assets under management to Rs 6,000 crore by the year-end from the present Rs 4,500 crore. The company also plans to raise its equity exposure from the present Rs 150 crore to Rs 600 crore by the ...
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INSIGHT
Markets and elections: The delicate balance
IN 1978, Mohan Dharia, the Minister of Commerce in the Janata Party government under Prime Minister Morarji Desai, started the routine of imposing a ban on the export of onions immediately after the harvesting season, ...
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MUTUAL FUNDS
LIC MF third suitor for GIC Mutual
THE acquisition of GIC Mutual Fund's schemes is expected to be the next announcement in the ever-consolidating mutual fund industry. LIC Mutual Fund is the third suitor to conduct a due-diligence exercise on the fund house before submitting its ...
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ULIP trims G-sec exposure
HERE'S news for investors in the largest scheme in the UTI MF stable, Unit Linked Insurance Plan: The Rs 4,000-crore plus fund is undergoing silent changes, ones that unit holders cannot afford to ignore. The credit profile of its debt portfolio ...
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TECHNICAL ANALYSIS
Volatile movement
THE sentiment reading of the tradable counters stands neutral. Bull domination on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the sentiment reading is likely to turn bearish. More
STOCK MARKETS
Chidambaram briefed on market crash
IN his first full day in office, the Finance Minister, Mr P. Chidambaram, met the RBI Governor, Mr Y.V. Reddy, and the SEBI Chairman, Mr G.N. Bajpai, amidst speculation that on top of the agenda of the meetings was the stock market crash on May ...
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Maruti on reverse gear
RUMOURS of the company looking at poor sales numbers for the month of May saw the Maruti counter come under pressure on Tuesday price wise, despite witnessing huge volumes. Dealers said that a leading brokerage had started selling the index, ...
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DERIVATIVES MARKETS
Satyam back in focus
TRADING activity picked up in the derivative segment on Tuesday ahead of Thursday, the settlement day for May series, on the NSE. Turnover on Tuesday was Rs 10,721 crore against Monday's figure of Rs 9,201 crore with the Index series accounting ...
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FOREIGN INSTITUTIONAL INVESTORS
Sakthi Sugars pref allotment to FIIs
SAKTHI Sugars will raise over Rs 18 crore through preferential allotment of 36.41 lakh equity shares of Rs 10 each to foreign institutional investors, according to company officials. The company has informed the stock exchanges that its board, ...
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10 new FIIs register even after Black Monday
FOREIGN institutional investors (FIIs) have been net sellers on the bourses this month but their interest in the Indian equity market has far from ebbed. Ten additional FIIs have enrolled to participate in Indian stock markets after the ...
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COMMENTARY
Another rollercoaster ride for Sensex
MARKETS remained volatile on Tuesday, as the benchmark BSE Sensex closed the second trading day of the week on a negative note. The 30-stock index was down 21.01 points (0.41 per cent). It was yet another day of rollercoaster ride for Sensex. ...
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