MARKETS
MUTUAL FUNDS
UTI ties up with State Street to offer global MF products
UTI Mutual Fund and State Street Global Advisors have entered into an exclusive tie-up that will lead to the formation of schemes aimed at Indians willing to invest abroad. State Street is the world's largest institutional asset management ...
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JM Mutual to rename petro fund, broadbase strategy
JM Mutual Fund has decided to give a new shape to JM Basic, its scheme dedicated to the petroleum sector. The scheme, to be re-named JM Oil & Energy Fund, will be launched afresh with a more broad-based investment strategy. JM Basic, one of ...
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STOCKS
FIIs, NRIs can buy Centurion, OBC shares
THE Reserve Bank of India has notified that foreign institutional investors (FIIs) and non-resident Indians (NRIs) can purchase the shares of the Oriental Bank of Commerce (OBC) and Centurion Bank in the secondary market under the portfolio ...
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TECHNICAL ANALYSIS
Bear domination
THE sentiment reading of the tradable counters stands mildly bearish. Bull domination on Friday is likely to reduce the bear count to a bare minimum thereby neutralising the sentiment reading. On the contrary, the prevailing bearish sentiment is ...
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STOCK MARKETS
State Street to explore Chinese, Indian markets
STATE Street Global, the global institutional fund management powerhouse, plans to explore the Indian market more actively in the months ahead, beginning first by leveraging its tie-up with UTI Mutual Fund. The arrangement will require State ...
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Robinson World soars despite weak fundamentals
AT a time when there is a fall in the stock price of fundamentally sound companies, a section of market players is using this opportunity to manipulate the stock price of companies with weak fundamentals. In this list is Robinson Worldwide, ...
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Himatsingka Seide gains on retail initiatives
BACKED by its retail initiative in the domestic market, the stock of Himatsingka Seide has been gaining strength on the bourses in the recent past. The stock, which was ruling at around Rs 312-Rs 313 levels on May 19 has appreciated by almost ...
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Rupee fall is IT's gain
TECHNOLOGY stocks are back on market players' buy list. Among the top pick is Infosys Technologies. The interest in the stock is not due to the bonus issue and special dividend, but on account of depreciating rupee. Market talk is that if the ...
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Ingersoll-Rand turns active on BSE
THE otherwise sleepy counter of Ingersoll-Rand India on Thursday witnessed two block deals on the Bombay Stock Exchange. Reliance Capital Prima Fund picked up 2.08 lakh shares at Rs 210 each. This amounts to around 0.45 per cent of the total paid ...
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DERIVATIVES MARKETS
Tata Motors: Outlook negative, sell June futures
THE following strategies are based on Thursday's trading in the spot and the derivatives segments on the NSE: Tata Motors: The stock closed at Rs 411 in the spot market. The recent uptrend from Rs 403 to a high of Rs 475 appears to be a ...
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REGULATORY BODIES & RULINGS
SEBI notification on sub-brokers regn
MUMBAI: The Securities and Exchange Board of India has instructed stock exchanges that it is mandatory for them to recognise the sub-brokers while recommending their application for registration with the Board. Similarly, the ...
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COMMENTARY
Anxiety over CMP makes markets cautious
EVEN though the announcement of the Common Minimum Programme of the Congress-led Government was scheduled to take place half-an-hour after the markets closed, it did cast a shadow over market movement; trading on Thursday was marked by ...
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IPOS
Topsgrup plans IPO
THE Rs 100-crore security solutions provider Topsgrup plans to come out with its maiden public float over the next three months to fund its expansion plans. The company is targeting a 50 per cent jump in turnover at Rs 150 crore this ...
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Stock Quotes
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