MARKETS
OPEN OFFERS
AstraZeneca's reverse book building offer
THE reverse building offer for delisting the shares of AstraZeneca Pharma India opened today. On the first day, the response from the shareholders was not very good with just 300 shares being tendered on the NSE. Astra Pharmaceuticals AB ...
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INSIGHT
A tax that needs thought
THE somewhat saucier sections of the media have acronymised the name of the Finance Minister, Mr P. Chidambaram, to PC — and then expanded the initials into "politically correct Chidambaram." The Minister, for ...
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MUTUAL FUNDS
StanChart introduces long-term option on floating rate fund
STANDARD Chartered Mutual Fund is introducing a long-term plan option for its floating rate fund. The Grindlay's Floating Rate Fund - Long term option would be open for subscription from July 19 - 30. The open-ended income fund would ...
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TAXATION
Chidambaram assures relook at transaction tax
THE Finance Minister, Mr P. Chidambaram, on Monday said that he would "revisit" the 0.15 per cent transaction tax on securities proposed in the Union Budget though he did not commit himself to an outright withdrawal of tax. "I have already said ...
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TECHNICAL ANALYSIS
Bulls march ahead
THE sentiment reading of the tradable counters stands strongly bullish with no downtrend counters. Bear domination on Tuesday is likely to reduce the bull count to a bare minimum thereby changing the sentiment reading to bearish. Otherwise, the ...
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STOCK MARKETS
Digital tech boost
THERE was active interest in the counter of film processing and multiplex company Adlabs. Dealer said there has been increased buying in the counter in the last few days. The buying is both from the institutional and retail investors. The talk ...
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Aggressive buying lifts MRPL
THE MRPL stock is attracting attention of a section of investors and day traders. Aggressive activity by these players during the last two trading sessions has seen the counter move up 22 per cent with hefty volumes. On Monday, the stock went ...
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DERIVATIVES MARKETS
New eligibility norms for futures, option contracts
THE Securities and Exchange Board of India (SEBI) has revised eligibility criteria for stocks and indices on which futures and options can be introduced. According to the new rules, which will come into effect from September 1, stocks will be ...
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Tata Motors: Outlook negative, sell July futures
THE following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE: Tata Motors: The stock closed at Rs 408 in the spot market. The outlook appears negative. The downside price target is Rs 374. ...
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REGULATORY BODIES & RULINGS
Market margin: SEBI may offer choice of payment
THE Securities and Exchange Board of India may offer a choice of payment of market margin/settlements either before or during trading, the next day. If payment is not made before trading the next day, higher initial margin would be collected from ...
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COMMENTARY
ONGC, ICICI Bank ensure Sensex end positive
THE mood in the markets remains upbeat with the markets ending the day higher for the third consecutive trading session. The Sensex ended the day at 4975.40, up 24 points from its previous close of 4951.7. The S&P CNX Nifty gained 13 points, ...
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IPOS
Haldia Petrochem plans to launch IPO soon
HALDIA Petrochemicals is all geared up to go ahead with its initial public offer which is likely to hit the market sometime during the later half of the current financial year. According to sources, the size of the IPO is likely to be in the ...
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