MARKETS
MUTUAL FUNDS
GIC MF acquisition to be complete by October, says Canbank CMD
THE acquisition of the schemes of GIC Mutual Fund by Canbank Mutual Fund would be completed by October 31, according to Mr R.V. Shastri, Chairman and Managing Director, Canara Bank. The mutual fund arm of Canara Bank is also looking at some other ...
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TECHNICAL ANALYSIS
Bull onslaught
BULLS maintained their supremacy over Friday's trading activity. The sentiment reading of the tradable counters stands strongly bullish. Bear domination on Monday is likely to reduce the bull count by a substantial margin thereby neutralising the ...
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STOCK EXCHANGES
Nod for Ordinance to amend Securities Contracts Act — Way paved for corporatisation, demutualisation of exchanges
THE Union Cabinet on Friday gave its nod for the promulgation of an Ordinance to amend the Securities Contracts (Regulation) Act, 1956 (SCRA), which would pave the way for corporatisation and demutualisation of stock exchanges in the ...
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STOCK MARKETS
Sensex gains 83 points on heavy FII buying
AIDED by news of the fall in the inflation rate and heavy buying by FIIs and institutions, the bourses witnessed a sharp rally on Friday. Taking the spotlight away from mid-cap companies, aggressive buying in the heavyweight scrips, especially ...
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Betting on futures
STEEL Authority of India (SAIL) was among the major gainers list of Nifty stocks. The rise in the stock price was along with huge trading volumes. The stock price of the company gained 4.73 per cent at Rs 43.15 on the BSE with volumes of 2.34 ...
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Promoters' buying props up Zicom Electronic
THE Zicom Electronic Security Systems promoters have increased their stake in the company by over two per cent through the open market transactions. In a notice to the BSE today, the promoters - Mr Manohar Bidaye and Mr Pramod Rao - said ...
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DERIVATIVES MARKETS
Outlook positive for Tata Power, Bharat Electronics
THE following strategies are based on Friday's trading in the spot and derivatives segment on the NSE. Tata Power: The stock closed at Rs 303 in the spot market. The outlook appears positive. The upside price target is Rs 320. Continual ...
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REGULATORY BODIES & RULINGS
Acquirers of SRP Tools told to make public offer
THE Securities and Exchange Board of India has directed Andavar Investments Pvt Ltd, Subramanian Investments Pvt Ltd, Valliammai Investment Pvt Ltd and Ramanath Investments Pvt Ltd, to make a fresh public offer under SEBI's Delisting of ...
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INTERVIEW
`India is generating considerable interest among global investors'
PHARMA, retailing, telecom and auto are, among others, the sectors that Alliance Capital MF is seriously invested in right now. Mr Dhawal Mehta, equity fund manager at Alliance, strikes a somewhat distinctive note when he says he would rather ...
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COMMENTARY
Index heavyweights propel market
EXPECTATIONS of good earnings announcements by corporates, indications of a cooling down in inflation and greater FII inflows, have the markets upbeat. The markets soared on Friday, registering their highest weekly gain in 19 weeks. The BSE ...
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PUBLIC OFFER
IVRCL plans fresh issue of equity; to pay Rs 3
IVRCL Infrastructures & Projects Ltd will be issuing fresh shares with an aggregate value of Rs 125-150 crore, including a green shoe option of 15 per cent, by way of public issue through the book building route. The company is likely to come ...
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