MARKETS
ANNOUNCEMENTS
Corporate Developments
Gitanjali Gems’ board of directors has decided to issue 10 million convertible equity warrants on preferential basis to promoters / promoters group and to raise additional capital through issuance of GDRs. Kpit Cummins ...
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NEW FUND OFFER
DSP ML plans energy sector fund
Eyes two international funds run by Merrill Lynch
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INSIGHT
Capital market plays a catalytic role
India’s growth story has important implications for the capital market, which has grown sharply with respect to several parameters — amounts raised, number of stock exchanges and other intermediaries, listed stocks, market ...
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Finance and the real economy
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MUTUAL FUNDS
Engg, power stocks propel NAVs of equity funds
Diversified funds exposed to BHEL, L&T, NTPC, Tata Power
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STOCKS
Tata Steel rights to raise Rs 9,654 cr
Mumbai, Oct. 8 Tata Steel Ltd will issue to its shareholders on a ‘rights’ basis equity shares in the ratio of one for every five at a price of Rs 300 per share (face value of Rs 10 each and a premium of Rs 290 per share) the ...
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Vaibhav Gems to hike share capital
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UCO Bank plans follow-on public issue
New Delhi, Oct. 8 UCO Bank plans to come up with a follow-on public offering (FPO) of shares during the last quarter of the current fiscal or first quarter of 2008-09, its Chairman and Managing Director, Mr S.K.Goel, has said.“We ...
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City Union Bank allots 68 lakh shares on pref basis
Coimbatore, Oct. 8 Having got the Reserve Bank’s approval and the shareholders’ nod for raising capital through issue of 68 lakh equity shares of Rs 10 each at a premium on preferential basis, the Kumbakonam-headquartered City ...
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Mid, small-cap stocks under-perform
‘Liquidity is always a concern on the downside’
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Richline sells 5.21% stake in Crystal Software
Mumbai, Oct. 8 Richline Finvest Pvt Ltd on Monday sold 2,60,265 of its shares in Crystal Software Solutions Ltd. The sale of their 5.21 per cent stake has reduced their holding from 7.18 per cent to 1.97 per cent. On the same day, Richline ...
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Apollo Hospitals pref issue okayed
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iGate Global: Betting on numbers
The stock has jumped sharply on the bourses on Monday even as other mid-cap stocks suffered. On the BSE, it gained 9.76 per cent at Rs 264.25 with 1.67 lakh shares changing hands. On the NSE, the stock closed at Rs 264.95 with a gain of ...
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TECHNICAL ANALYSIS
Bear domination
Monday’s trading activity witnessed bear domination. The sentiment reading of the tradable counters remains bearish. Bull move on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the current bearish ...
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STOCK MARKETS
DLF will replace Dr. Reddy’s in Sensex
Mumbai, Oct. 8 DLF, the country’s largest realty firm, would be replacing Dr Reddy’s Laboratories in the Sensex from November 19 this year. The Index Committee of the BSE, in a meeting held on October 7, 2007, has decided to revise ...
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DERIVATIVES MARKETS
Momentum counters shed open interest
Interest dips in Reliance group futures too
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ASSET MANAGEMENT COMPANIES
HDFC increases shareholding in Asset Management Co
Mumbai, Oct. 8 HDFC has increased its shareholding in HDFC Asset Management Company by acquiring 9.90 per cent stake from Standard Life Investments Ltd (SLI) for Rs 181.81 croreThis acquisition will take the Corporation’s ...
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OVERSEAS INVESTMENTS
ICICI Sec connects US SEs to resident Indians
Online service will allow buying and selling of equities
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RECOMMENDATION
Today's Pick: Cadila Healthcare (Rs 299.5)
We recommend a buy in Cadila Healthcare at current price levels. From the weekly chart of Cadila Healthcare, we see that the stock has been moving sideways in the broad range between Rs 300 and Rs 400 since August 2006. The stock tested the ...
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Day Trading Guide
The stock has been declining for the past three trading sessions and it is currently finding support at Rs 1,000 levels. Buy the stock in the dips with stop-loss at Rs 996.Infosys The stock is testing the key resistance ...
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IPOS
Rathi Bars plans Rs 25-cr IPO
Bhiwadi, Oct. 8 Rathi Bars Ltd, manufacturer of cold twisted deformed (CTD) bars and thermo-mechanically treated (TMT) bars, is looking at raising Rs 25 crore through an initial public officer to fund expansion plans.“We propose ...
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