MARKETS
ANNOUNCEMENTS
Corporate developments
Chennai, Sept. 24 e-Recruitment and Consulting firm IT People India Ltd on Monday approved the acquisition of 100 per cent stake in Marketplace Technologies Pvt Ltd. The board of directors took a decision to this effect at ...
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BUYBACK
Panasonic AVC buyback offer open till Sept 28
Panasonic AVC Networks India Company Ltd has decided to delist its shares from the stock exchange. Investors can exit from this company either by tendering in the open offer which is open from September 24 to September 28 or by selling in the ...
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STOCKS
Reliance groups’ stocks hit new highs
Mumbai, Sept. 24 Monday’s trading on the stock exchanges saw several Reliance stocks – spanning both the Mukesh and Anil Ambani groups – strike new highs.This trend had set in on Friday itself, following several ...
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LB India buys stake in Genus Overseas
Mumbai, Sept. 24 LB India Holdings Mauritius II Ltd has acquired a 7.83 per cent stake in Genus Overseas Electronics Ltd. The company bought 962708 shares, according to the data available on the BSE. On the other hand, Franklin India ...
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Realty stocks up on rate cut hopes
Real estate stocks have been witnessing a sharp surge in recent times in line with general market movements. The BSE Realty index jumped 2.03 per cent on Monday and 18.3 per cent over a week’s period. According to market men, following ...
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Select band of stocks advances in the bourses
Hand-picked by fund managers; chiefly made up of mid-caps
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TECHNICAL ANALYSIS
Bulls prevail
Bulls prevailed during Monday’s trading activity. The sentiment reading of the tradable counters remains bullish. Bear move on Tuesday is likely to change the sentiment reading in their favour. On the contrary, prevailing bullish ...
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STOCK MARKETS
Sensex upbeat, rises 281 pts
Mumbai, Sept. 24 The stock markets rose for the fifth day in a row on Monday, with the Bombay Sensitive Index registering its fourth consecutive closing high at 16,845.83, leading some investors to wonder how long the party would last. ...
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DERIVATIVES MARKETS
30% rollover seen in Nifty futures
FIIs maintain buying spree
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FOREIGN INSTITUTIONAL INVESTORS
Blackstone investment in NCCL okayed
Decks were cleared for the Blackstone Group's Rs 615 crore investment in Nagarjuna Construction Company Ltd (NCCL) after the EGM of the company held on Monday approved the decision. Accordingly, NCCL will issue 2.02 crore equity shares of Rs 2 ...
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Goldman Sachs ups stake in Aftek Infosys
Mumbai, Sept. 24 Goldman Sachs Investments Mauritius have upped their stake in the city-based Aftek to 5.74 per cent, by picking up 2.29 per cent stake on Monday. Prior to the deal, Goldman Sachs held about 30 lakh shares or 3.45 per ...
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ASSET MANAGEMENT COMPANIES
UBS lines up $1-b India-specific real estate fund for year-end launch
Kolkata, Sept. 24 UBS Global Real Estate, the real estate arm of global financial services powerhouse UBS Global Asset Management, plans to launch a $1-billion India specific real estate fund by the end of this year. The company has ...
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RECOMMENDATION
Today's pick: Alphageo India (Rs 516.8)
We recommend a buy in Alphageo India at current price levels. The stock has been on a long term up trend since November 2006 low of Rs 106. However, the stock found resistance at Rs 450 in early June and has been consolidating sideways since ...
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Day trading guide
The stock is trading just below the key resistance level of Rs 1,010. We recommend a buy only when the stock moves above Rs 1,010. InfosysAfter declining by Rs 58 on Monday, the stock is hovering above the support of Rs ...
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IPOS
ECE Industries makes NSE debut
Mumbai, Sept. 24 ECE Industries Ltd, a company in the business of power technology, made its debut on the NSE at a premium of 18.67 per cent against the offer price of Rs 589 at Rs 699. It has already been listed on the BSE earlier and closed ...
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Maytas Infra IPO opens on Sept 27
Price band fixed at Rs 320-370/share
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