MARKETS
MUTUAL FUNDS
BNP keen to do asset management business in India
BNP, the French financial powerhouse, has again shown an interest in doing business in the Indian asset management sector, taking up from where it gave up last time. What has prompted BNP is the fact that a few other funds, including Fidelity ...
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Chola Mutual launches Multi-Cap Fund
CHOLA Mutual Fund on Tuesday launched Chola Multi-Cap Fund, a fund that will invest equity and equity-related instruments across all ranges of market capitalisation. Chola Multi-Cap Fund would provide added diversification by investing in a ...
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TECHNICAL ANALYSIS
Bulls march ahead
BULLS extended their pressure over Tuesday's trading. The sentiment reading of the tradable counters remains bullish. Bear domination on Wednesday has the potential to change the sentiment reading in their favour. Otherwise, the prevailing ...
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STOCK MARKETS
Nifty closes above 2000-mark; Sensex makes further gains
THE Nifty closed above the 2000-level for the first time on Tuesday, with the index gaining over 21 points to close at its historic high. The index touched a high of 2008.8 and closed at 2006.80. Brokers say that crossing the 2000-level is a ...
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Albert David jumps 90 pc in a week
ALBERT David Ltd (ADL), a company engaged in the business of bulk drugs, stock price has almost doubled in the last one week in line with interest in pharmaceutical stocks. The stock increased from Rs 84 on December 7 to Tuesday's closing ...
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FIIs buying peps up Bharti Tele
TELECOM major Bharti Tele-Ventures has been on the upward move. Dealers said the rise in the stock price is mainly due to active buying by the FIIs. Buying by the FIIs in the counter started last week after the RBI allowed fresh purchases. The ...
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DERIVATIVES MARKETS
Short-term outlook positive for Reliance, Dr Reddy's
The following strategies are based on Tuesday's trading in the spot and the derivatives segment on the NSE. Reliance Industries: The stock closed at Rs 506 in the spot market. The outlook remains weak on a longer time horizon. The stock ...
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COMMENTARY
Market sustains momentum as Sensex, Nifty sizzle
THE S&P CNX Nifty closed above 2,000 for the first time in its history during the day's trading as the overall market sentiment remained positive. The Nifty closed the day at 2,006.80, up 21.5 points (or 1.08 per cent). The BSE Sensex also ...
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PEOPLE
SEBI gets two new whole-time members
THE Union Cabinet has announced the appointment of Mr G. Anantharaman and Mr Madhukar as whole-time members of the Securities and Exchange Board of India (SEBI). Mr Anantharaman recently retired as the Chief Commissioner of Income-Tax and was ...
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