MARKETS
ANNOUNCEMENTS
Corporate developments
ABG Heavy Industries has concluded the terms of purchase of the world’s largest crawler crane, having lifting capacity of 3,200 tonnes, from M/s Terex Demag, Germany. With reference to the announcement dated November 5 ...
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INVESTMENT BANKING
JP Morgan sets Sensex target at 22500
Mumbai, Nov. 6 Global investment bank JP Morgan, which recently changed its outlook on the Indian equities market from “underweight” to “neutral” has a Sensex target of 22500 by December 2008.Although this is 20 ...
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FINANCIAL SERVICES
RBC Dexia to use TCS financial tool
TCS’s BaNCS financial software has been selected by RBC Dexia to handle anticipated growth in business volumes. TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS), was selected to develop a series of ...
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STOCKS
MSCI adds 8 stocks to India Index
Seven removed; changes to take effect from Nov 30
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Reliance Petroleum tumbles 17% on CLSA downgrade
Short positions in F&O added pressure: Brokers
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MSCI index changes may not impact much
Individual stocks may witness higher interest
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Neyveli Lignite in the limelight
Analysts bullish on capex plans
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Value buying in Salzer Electronics
Salzer Electronics — in which L&T Capital recently picked up 14.95 per cent stake — shot up 9.54 per cent on Tuesday with more than 3 times its average fortnightly volume on the BSE and finished at Rs 148.65. According to ...
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TECHNICAL ANALYSIS
Volatile movement
Tuesday’s trading witnessed volatile movement. However, the sentiment reading of the tradable counters remains bullish. Bear move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the current ...
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STOCK MARKETS
Sensex drops 190 points after a volatile show
Mumbai, Nov. 6 The run-up to the festival season and weak global cues continued to keep domestic equity markets volatile. Tuesday saw the Sensex open with a positive gap of 100 points, only to drop more than 500 points intra-day. ...
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DERIVATIVES MARKETS
Reliance Petroleum under ban
Nifty Nov futures premium jumps
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RECOMMENDATION
Today's pick: Federal Bank (Rs 406.80)
We recommend a buy in Federal Bank at current price. It is evident from the weekly chart that the stock has been on long-term uptrend since March trough at Rs 188. We note that the stock has appreciated more than 100 per cent since this low. The ...
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Day Trading Guide
In line with our anticipation, the stock fell on Tuesday. However, watch out for a reversal above Rs 1,210.Infosys Infosys is in a short-term downtrend. We retain our sell recommendation.L&TL&T ...
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IPOS
Bharat Oman Refineries IPO by March
Bharat Oman Refineries Ltd will come up with an initial public offer by March 2008 to raise Rs 2,000 crore , Bharat Petroleum Corporation’s Chairman and Managing Director, Mr Ashok Sinha, said today. The money would be used to ...
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