MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Nov. 12 Ansal Housing & Construction has performed bhoomipujan of ‘Ansal Town’ at Rewari (Haryana). The integrated township is strategically located close to the Delhi — ...
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FINANCIAL SERVICES
CDSL, Korea Securities ink pact
Mumbai, Nov. 12 The Central Depository Services (India) Ltd (CDSL) has signed an MoU with the Korea Securities Depository (KSD) of Seoul. Under this MoU, CDSL and KSD will create a mechanism where board members, senior management and staff of ...
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NEW FUND OFFER
UTI MF launches close-ended infra equity scheme
UTI Mutual Fund has launched UTI-Infrastructure Advantage Fund-Series I, a three year close-ended equity scheme.This scheme aims to provide income distribution for medium to long term capital by investing 65 per cent-100 per cent in ...
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Lotus India AMC launches close-ended debt scheme
Mumbai, Nov. 12 Lotus India AMC, a joint venture between Sabre Capital and Fullerton Fund Management Group, announced the launch of its close ended debt scheme: Lotus India Fixed Maturity Plan - 375 days- Series V. The scheme offers two ...
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JPMorgan launches Smaller Cos Fund
JPMorgan Asset Management India Pvt Ltd launched its second equity fund, JPMorgan India Smaller Companies Fund. This open-ended equity growth scheme aims to generate long-term capital appreciation from a portfolio that is substantially ...
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MUTUAL FUNDS
ICICI Pru ties up with New India Co-op Bank
Mumbai, Nov. 12 ICICI Prudential AMC has tied up with New India Co-operative Bank for distribution of its mutual fund schemesThe bank will now be distributing ICICI Prudential mutual fund products to its customers through its 20 ...
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STOCKS
Defensive strategies lift Hind Unilever, ITC
Mumbai, Nov. 12 The BSE-FMCG index was the top performer of the day, ending with a 2.5-per cent or 50.19 points gain. Even though the sector was up by 2.5 per cent, only two stocks were in the green Hindustan Unilever and ITC. HUL and ...
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Realty stocks bear the maximum brunt
Investors cautious about valuation
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Resolving patent row is bonus for Ranbaxy
That Ranbaxy Laboratories will be able to sell capsules of the generic version of prostate drug Flomax starting March 2, 2010 for eight weeks without competition from other generic drug makers, will give a fillip to the earnings of the ...
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LIC hikes stake in Gateway
The BSE has received a disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 from Gateway Distriparks that LIC on November 6 acquired 1,50,000 shares (0.13 per cent) through open market ...
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NIIT pact may help it corner substantial market share
The strategic alliance between NIIT and US based NComputing holds potential for product synergy. As a part of the alliance, NComputing would provide virtual PC solutions to schools across India. Virtual PC allows multiple users to draw upon ...
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TECHNICAL ANALYSIS
Bear run arrested
Bear run was arrested during Monday’s trading activity. However, 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 ...
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STOCK MARKETS
Markets dip on weak global signals
Mumbai, Nov. 12 The markets continued to tank on Monday, weighed down by global market sentiment and fears that the US sub-prime issue may involve larger losses. The Sensex closed 0.9 per cent lower on Monday, at 18737.27, after a high ...
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DERIVATIVES MARKETS
Neyveli Lignite Corp star performer
Trading volume takes a knock
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US Futures Exchange to list Sensex futures in Feb
The Bombay Stock Exchange on Monday signed an agreement with US Futures Exchange (USFE) licensing the benchmark index Sensex for US futures listing. The US dollar denominated futures trading in the BSE-benchmark index Sensex will begin ...
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EVENTS
BL Club meet in Kochi
Business Line Club is organising a lecture on ‘Capital markets, derivatives and the functions of Stock Exchanges’ at the SCMS Campus in Kochi on Tuesday. Mr Mahesh Kumar, Senior Executive of the National Stock Exchange, will deliver ...
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RECOMMENDATION
Today's Pick: Axis Bank (Rs 894.30)
We recommend a sell in Axis Bank at current price levels. From the weekly chart of Axis Bank, we note that it has been on a steady long-term up trend since June 2006 low of Rs 221.This uptrend accelerated from the low formed in August. and ...
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Day trading guide
The stock recovered over 6 per cent from its intra day low on Monday. The recent decline has also retraced 50 per cent of the prior uptrend (an important Fibonacci level) and bounced up. We recommend a ...
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ECONOMIC OFFENCES
SEBI bars Ketan Parekh, entities
Mumbai, Nov. 12 The Securities and Exchange Board of India on Monday passed an order restraining Mr Ketan Parekh and 10 associates from accessing the securities market, and from buying selling or dealing in the market for another 10 years. ...
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CARTOON
Sportfolio
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