MARKETS
OPEN OFFERS
Suez makes open offer for Ondeo Nalco
SUEZ, a French company, has announced an open offer for acquiring 10 lakh shares of the BSE-listed Ondeo Nalco India Ltd (ONIL) at a price of Rs 323 and an interest of Rs 275.83 per share. The face value of the stock is Rs 10 each. The ...
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MUTUAL FUNDS
Kotak Mahindra MF to launch fund of funds
KOTAK Mahindra Mutual Fund is launching Kotak Dynamic fund of funds, a close-ended scheme. The scheme would invest up to 100 per cent in diversified large-cap equity plans, up to 60 per cent in diversified aggressive equity schemes. It can ...
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Reliance MF plans Tax Saver Fund
RELIANCE Mutual Fund is launching Reliance Tax Saver Fund, an open-ended equity-linked savings scheme. The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity ...
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STOCKS
Aftek AGM okays ADR/GDR issue
AFTEK Infosys Ltd on Monday received shareholders' approval for an ADR/GDR issue amounting $30 million, as well as for enhancement of NRI/FII limit up to 40 per cent of the paid-up capital of the company. A resolution at the AGM of the company ...
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Surana, Bhagyanagar to consider stock-split
A MEETING of the board of directors of Surana Telecom Ltd and Bhagyanagar Metals Ltd has been convened by the companies on January 7, inter alia to consider the proposal of sub-division of equity shares. In separate statements to the BSE, the ...
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TECHNICAL ANALYSIS
Bull domination
BULLS gained control of Tuesday's trading activity. The sentiment reading of the tradable counters stands bullish. Bear move on Wednesday has the potential to reduce the bull count by a considerable margin thereby resulting change in the ...
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STOCK MARKETS
RBI hikes margins on loans against shares
THE Reserve Bank of India has tightened the norms for bank loans against shares. Margins against such loans have been raised to 50 per cent from 40 per cent with immediate effect. The revised rate is applicable to all bank advances against ...
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Bull run continues; Sensex at 6,563
THE bourses continued their breathless bull run on Tuesday, with the Sensex registering yet another high. The 30-stock benchmark index consolidated on its 6,500-plus position on Monday and gained a further 50.45 margin lead to close at 6,563.48. ...
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Rakesh Jhunjhunwala picks 5% in Mid-Day from promoters
STOCK market investor Mr Rakesh Jhunjhunwala has picked up more than five per cent stake in media company Mid-Day Multimedia Ltd. He acquired the stake today through market purchases. Promoters of Mid-Day sold the shares. On the decision to buy ...
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Jolly ride for Eicher twins
THE counters of Eicher Ltd and Eicher Motors were witness to sustained buying interest on the bourses on Tuesday. So much so that the counter of Eicher Ltd was at circuit, ending the day at Rs 100.90 (BSE) and Rs 100.20 (NSE) amidst good ...
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COMMENTARY
Significant surge in metal stocks
THE Sensex closed above the 6,500-point level for the second successive day ending at another all-time closing high of 6,563 points. Compared to the sluggishness seen in the index movement on Monday, stock prices of pivotals were on relatively ...
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Stock Quotes
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