MARKETS
OPEN OFFERS
IndianOil Tanking open offer for S&L
INDIANOIL Tanking Ltd on Tuesday made an open offer to buy out 20 per cent share capital of Stewarts & Lloyds of India Ltd at Rs 33 per share. The company had yesterday announced that it has bought 54.90 per cent stake in S&L, held by the Tat
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MUTUAL FUNDS
Index funds yet to catch on
THE truth is out: Six years after the first scheme was launched in India, index funds are nobody's children, with not more than a few players even thinking about promoting them seriously. And the Indian market for index funds stands in stark ...
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Benchmark Mutual postpones scheme
BENCHMARK Mutual Fund has decided to postpone the launch of the Nifty StraP (Systematically Trading Portfolio) scheme because it feels most market intermediaries are not sophisticated enough to properly promote it. Mr Rajan Mehta, Benchmark ...
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TECHNICAL ANALYSIS
Bull domination
THE sentiment reading of the tradable counters stands mildly bearish. Bull pressure on Wednesday is likely to change the sentiment reading in their favour. Otherwise, the prevailing sentiment is likely to continue with a slight change in its ...
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STOCK MARKETS
Sensex up 85 points
THE unexpectedly tame Railway Budget presented by Railway Minister, Mr Laloo Prasad Yadav, appears to have reassured investors that the new Government would hold a reformist course for the economy even though the coalition's Leftist supporters ...
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Budget hopes stir up interest
THE counter of Jain Irrigation, a company engaged in drip irrigation, has been on the rise over the last couple of weeks. Several market players are accumulating the stock ahead of the Union Budget. The talk is that the Budget is likely to lay ...
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Sensex inclusion may build up L&T
ALMOST two weeks after being re-listed, the new avatar of engineering and construction major L&T, which has been attracting significant attention on the bourses, is expected to gain further ground with its inclusion in the Sensex from July 8. ...
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Rail budget improves sentiment for Sesa Goa
THE railway freight status quo has improved the sentiment for all the commodity stocks today including that of Sesa Goa, which is one of the important iron ore fines and lumps exporters to China, Japan and European steel makers. It is the largest ...
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DERIVATIVES MARKETS
Buy MTNL, GAIL futures at higher levels
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: MTNL: The stock closed at Rs 135 in the spot market. The outlook appears positive but the upside will be confirmed if the stock ...
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COMMENTARY
Large-cap stocks favoured in the rally
STOCK prices opened on a flat note and stayed in the negative territory for much of the morning. Prices began to firm in the afternoon trade and just before close, rose strongly and select stocks ended the day with handsome gains. Sensex ended ...
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Stock Quotes
SE Diary
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