MARKETS
MUTUAL FUNDS
Income funds see huge redemptions
Huge redemptions in the liquid and money market category of mutual funds at Rs 25,907 crore in December have brought the total industry outflow for the month to Rs 21,117 crore, according to data released by The Association of Mutual Funds in ...
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STOCKS
Nestle India: Over-reaction to dividend?
The maxim - "buy the rumour, sell the news" appears to have played out to a tee in the case of the Nestle India stock. The stock had climbed by about Rs 80 to Rs 1,245 levels over the past week on expectations that the company would return ...
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Patel Engg: Eyes on real estate foray
Patel Engineering, a civil construction company, has said that it is foraying into real estate business. Business Line had reported in January 2006 that the company was preparing to enter into such a new venture. During the quarter ended ...
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TECHNICAL ANALYSIS
Sideways movement
Neither bull nor bears able to dominate over Tuesday's trading activity. But the sentiment reading of the tradable counters continues to remain bullish. Bear move on Wednesday is likely to change the sentiment reading in their favour. ...
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STOCK MARKETS
Peerless Abasan: Betting on merger
What's happening in Peerless Abasan Finance (PAFL) stock? If one goes by the market talk, the loss-making NBFC is on the threshold of a dramatic transformation in business. On Tuesday, 1.71 lakh shares changed hands on expectation that a formal ...
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FOREIGN INSTITUTIONAL INVESTORS
SingTel keen to hike stake in Bharti
Even as the UK-based Vodafone is looking to exit Bharti and pick up stake in Hutchison Essar, SingTel has evinced interest in increasing its stake in Bharti Airtel. Singapore's leading telecom operator Singtel on Tuesday said it was committed ...
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REGULATORY BODIES & RULINGS
SEBI issues norms for gold ETFs
The Securities and Exchange Board of India has issued guidelines for the valuation of gold to be held by gold exchange traded funds. "The valuation for gold held by a gold exchange traded fund scheme shall be at the AM fixing price of London ...
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COMMENTARY
Sensex ends flat in a volatile market
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IPOS
Prize Petroleum eyes IPO route
In talks with pvt equity firms to raise $50m
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Lumax Auto lists at 6.66 pc premium
The stock of Lumax Auto Technologies made its debut on NSE at a premium of 6.66 per cent at Rs 80 against the offer price of Rs 75. The stock touched an intra day high of Rs 143 and closed at Rs 110.70. A total of 72,42,230 shares were ...
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OUTLOOK
`Equity market needs further development for financial reforms'
To effect next generation of financial market reforms, the country will need to take equity market development to a higher level as well as develop and deepen corporate bond markets, according to a joint study by FICCI, World Bank and CRISIL. ...
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