MARKETS
FINANCIAL SERVICES
Entity for wealth management
A one-stop "financial planning and wealth management" advisory solution was promised by FPI-Padmakshi, which set up their office here to attract high net-worth individuals in Gujarat and other places. After the merger of Mumbai-based ...
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NEW FUND OFFER
OptiMix launches Dynamic Fund of Funds scheme Series II
OptiMix, the Multi Manager Asset Management Company sponsored by the ING group, has launched Dynamic Fund of Funds scheme Series II, a three-year close-ended scheme in the Indian market. The scheme is expected to generate capital appreciation ...
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Fidelity Mutual launches cash fund
With a credit quality rating from ICRA
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STOCKS
Dr Reddy's fixes ADS price at $16
Dr Reddys Laboratories Ltd has announced the pricing of the public offering of 12.5-million (excluding the underwriters over-allotment option) American Depositary Shares (ADS) at $16 per ADS. In a press release here on Friday, the company said ...
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`Mistrade' boosts Infy, Sensex
A `mistrade' at the Infy counter in early trade saw the Sensex jump 170-odd points over its previous close. The Sensex opened at 13,678.04, registering a gain of almost 173 points from its previous close of 13,505.89. According to dealers, ...
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KPIT Cummins: On strong fundamentals
Strong fundamentals have been driving market interest in KPIT Cummins that ended almost two per cent higher on the BSE on Friday at Rs 587.40. The stock has seen almost 33 per cent gain month-on-month on the BSE. A significant ramp up of its ...
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Cement sector remains positive
Marketmen continue to maintain a positive outlook on the cement sector and are of the view that with construction activity expected to pick up further, one may see another upward price revision. Analysts anticipate that third quarter ...
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FII buzz lifts Taneja Aerospace
In contrast to the broad market trend, the stock of Taneja Aerospace hit the upper circuit on the BSE on Friday on reports of the company going in for a private placement with an FII. The company recently bagged a large outsourcing order from ...
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TECHNICAL ANALYSIS
Bear domination
Bears dominated Friday's trading activity. However, the sentiment reading of the tradable counters remains bullish with some added strength. Bear move on Friday is likely to neutralise the sentiment reading. On the contrary, the prevailing ...
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STOCK MARKETS
Banks may get more capital market exposure
Banks may get more headroom for their capital market exposure when the modified Reserve Bank of India guidelines come into force from January 2007. A draft circular issued by the RBI on Friday said the aggregated capital market exposure of ...
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COMMENTARY
Profit booking at higher levels snaps Sensex rally
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OUTLOOK
India could see more inflows: Societe Generale
Fundamentals strengthen country's case
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PEOPLE
SBI Mutual Fund appoints new MD, CEO
Mr Syed Shahabuddin will serve as Managing Director and Chief Executive Officer of SBI Mutual Fund with effect from November 2006. Mr Shahabuddin has over 35 years of experience in the banking sector. He was a Deputy Managing Director in SBI ...
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