MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Nov. 19 Andhra Bank has signed an agreement on November 16 to form a life insurance venture with British Insurer Legal and General and Bank of Baroda. Andhra Bank will have a 30 per cent stake in this tie-up, ...
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PREFERENTIAL ALLOTMENTS
Pioneer Invest plans to raise Rs 335 cr
Chennai, Nov. 19 Pioneer Investcorp Ltd has informed the BSE that the board of directors of the company at a meeting on November 17 approved a plan to raise up to Rs 335 crore by way of issue of equity shares or warrants on preferential basis ...
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FINANCIAL SERVICES
Impetus Wealth Mgmt commences operations
Kochi, Nov. 19 As against a 32 per cent savings rate of the country, just 3 per cent of Indian households invest in the country’s booming capital markets even today, said Mr P.R. Dilip, Managing Director of Impetus Wealth Management Ltd. ...
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Sharekhan opens 22nd branch in Gujarat
Sharekhan Ltd, one of India’s leading retail brokerage houses with an online trading platform, has expanded its operations with the opening of their new branch at Gandhidham near Kandla Port in Kutch district, its 22nd branch in Gujarat. ...
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NEW FUND OFFER
Lotus India Agile tax fund launched
Mumbai, Nov. 19 Lotus India AMC has launched the country’s first ever Quant-based ELSS scheme, Lotus India Agile tax Fund (Alpha Generated from Industry Leaders Fund). The new fund offer (NFO) is priced at Rs 10 per unit and the ...
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ING Investment launches Global Real Estate FoF
Mumbai, Nov. 19 ING Investment Management India announced the launch of its ING Global Real Estate fund, an open ended fund of funds scheme for the Indian investor. The scheme opens on November 20 and closes on December 14. The earliest ...
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MUTUAL FUNDS
SBI Mutual to launch gold exchange traded fund
SBI Mutual Fund is planning to launch gold exchange traded fund early next year.“We should come up with some form of ETF by early next year,” said Mr O.P. Bhatt, SBI Chairman, while speaking at the international conference ...
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ICICI Pru MF teams up with Central Bank
Mumbai, Nov. 19 ICICI Prudential AMC has entered into a strategic partnership with Central Bank of India for distribution of its mutual fund schemes to further strengthen its distribution reach. Central Bank of India will now be distributing ...
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STOCKS
Reliance Energy converts FCCBs into shares
Chennai, Nov. 19 Reliance Energy Ltd has informed the BSE that the committee of directors of the company at a meeting on November 19 allotted 10,71,553 equity shares of Rs 10 each for cash at Rs 1,006.92 per share to various FIIs against ...
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Satyam’s new delivery model holds promise
For Indian software companies looking at alternative service delivery models, there appears to be a new avenue. Satyam Computer has announced the launch of ‘software as a service’ (SaaS) targeting SMEs in the US and Asia-Pacific ...
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Ceramic stocks in the limelight
Mumbai, Nov. 19 Despite the fact that the markets were down today by 65 points, the ceramic stocks were on a high, especially the smaller stocks. Bell Ceramics which closed at Rs 17.47 was up 8.51 per cent and it touched a record high of Rs ...
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TECHNICAL ANALYSIS
Volatile movement
Monday’s trading activity witnessed volatile movement. The sentiment reading of the tradable counters changed to bullish. Bear move on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the current ...
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DERIVATIVES MARKETS
Majority of positions squared-off during intra-day
New momentum counters turn active
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SGX cuts contract size of Nifty Futures to $2
But contract limit, minimum lot size raised
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FOREIGN INSTITUTIONAL INVESTORS
DLF sells 49% in housing projects to Merrill arm
New Delhi, Nov. 19 Real estate company DLF Ltd today said it has sold 49 per cent stake in eight residential project SPVs to private equity investors for a total consideration of Rs 1,675 crore. A Merrill Lynch & Co entity has bought 49 ...
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RECOMMENDATION
Today's Pick: Eveready Industries (Rs 61.55)
We recommend a buy in Eveready Industries India at current levels. From the weekly chart of Eveready, we see that it had been on a long-term downtrend from April 2006 high of Rs 137 till October 2007. After finding support at Rs 40, the stock ...
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Day Trading Guide
The stock is pausing above the significant support level of Rs 1,600. Fresh short can be initiated only when the stock declines below the said support level.L&T L&T has been range bound between ...
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