MARKETS
NEW FUND OFFER
Lotus India launches infra fund
Mumbai, Sept. 26 Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, has launched the Lotus India Infrastructure Fund, a closed-ended equity scheme with a maturity of three years. The ...
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MUTUAL FUNDS
Distributors moot variable entry load model
Move allows investor & distributor to negotiate the load
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STOCKS
Bretco sells stake in Monsanto India
Mumbai, Sept. 26 Bretco Holdings (Mauritius) Ltd sold 3.47 per cent of its stake in Monsanto India Ltd thereby reducing their stake from 30.59 per cent to 27.12 per cent. Bretco Holdings sold 3 lakh shares. Whereas, Monsanto Holdings ...
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TECHNICAL ANALYSIS
Sideways movement
Wednesday’s trading activity witnessed a sideways movement. The sentiment reading of the tradable counters remains bullish. Bear move on Thursday is likely to change the sentiment reading in their favour. On the contrary, prevailing ...
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STOCK MARKETS
How Reliance drove the Sensex to 17K
BL Research Bureau Market observers cheering the Sensex’s dash to the 17,000 milestone would know that the stock that engineered the latest 1000-point dash in the barometer is Reliance Industries (RIL). But this is not the first ...
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Uniphos Enterprises flares up
The stock of Uniphos Enterprises has been gaining quite sharply on the bourses. The stock has appreciated by about six per cent over a week and gained by about 56 per cent in a month. Market men attribute this increase in buying interest ...
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IMPACT
Impending dilution in Indiabulls Real Estate
Forays into retail, telecom calls for caution
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IMPACT
EIH-Hilton International break up
No immediate impact on EIH’s earnings
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DERIVATIVES MARKETS
It’s healthy rollover market-wide
Bank counters see accumulation
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FOREIGN INSTITUTIONAL INVESTORS
When FII inflows almost equal FII outflows
Chennai, Sept. 26 The market reacted excitedly to the news that net FII flows between April and June 2007, at $ 7.4 billion, were twice the total of $3.2 billion in the preceding twelve months put together, but paid little attention to Balance ...
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Sensex scores at impressive strike rate
FIIs pump in over Rs 1,100 crore per session
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ASSET MANAGEMENT COMPANIES
Rabobank arm, Canara venture gets nod
Canara Robeco, a joint venture between Canara Bank and Robeco Groep NV, has received regulatory approvals for commencing operations. The new entity was formally announced at a board meeting today. Mr Rajnish Narula, is the CEO of the ...
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OVERSEAS INVESTMENTS
Indian MFs allowed to invest in more overseas instruments
Indian mutual funds are now allowed to invest in a new basket of instruments overseas. The SEBI has expanded the scope for investment by Indian MFs, following the foreign investment relaxation announced by the RBI on Tuesday. The ...
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INTERVIEW
Enjoy the bull run, but be patient: Motilal Oswal
‘Investors not prompt in selecting good cos at reasonable prices’
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RECOMMENDATION
Today's Pick: Idea Cellular (128.20)
We recommend a buy in Idea Cellular at current levels. Since its listing on March 9, the stock has been trending up by forming higher peaks and higher troughs. After marking its life-time high of Rs 135 in late July, the stock declined. ...
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Day Trading Guide
The stock has penetrated the resistance level of Rs 1,010 in the last trading session and has marked a new life time high. We recommend a buy.Infosys The stock reversed from the support at Rs 1,750 on ...
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IPOS
Emaar MGF files draft red herring prospectus
New Delhi, Sept 26 Emaar MGF Land, a joint venture between Dubai-based real estate giant Emaar Properties PJSC and MGF Development Ltd, today filed a draft red herring prospectus with market regulator SEBI for its initial public offer that is ...
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Supreme Infra subscribed 53 times
Mumbai, Sept. 26 The initial public offering of Supreme Infrastructure India Ltd (SIIL), a company engaged in the business of infrastructure development, got subscribed 52.66 times at the closing day of its issue. A total of 18.29 crore bids ...
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PERFORMANCE
Sensex scales 17,000
Ends lower in volatile trading; FII buying continues
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INVESTOR PROTECTION
Better ‘closed’
The market regulator SEBI (Securities and Exchange Board of India) is rightly concerned about the mushrooming New Fund Offers (NFOs) by mutual fund houses in India which have been receiving enthusiastic response from small investors harbouring ...
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