MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Dec. 12 Classic Diamonds India Ltd has said that its Board of Directors has approved, in principle, raising funds by way of Foreign Currency Convertible Bonds or ADRs or GDRs for which it will obtain the ...
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INSIGHT
Leveraged IPO investments
With IPOs being aggressively priced, thanks to the rat race among the participants in the book-building exercise for hogging shares, investors on the fast-track are having to look for institutional finance in order to be able to leverage their ...
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MUTUAL FUNDS
IL&FS’ realty fund collects $578 m
Mumbai, Dec. 12 IL&FS Investment Advisors LLC, a 100 per cent subsidiary of IL&FS Investment Managers Ltd, has announced the first close of IL&FS India Realty Fund-II at $578 million, with a final close target of $750 million. ...
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STOCKS
Parsvnath sets up arm for AMC, asset holding biz
New Delhi, Dec 12 The Delhi-based real estate company, Parsvnath Developers Ltd on Wednesday said it has incorporated a subsidiary ‘PDL Assets Ltd’ to carry on asset management and asset holding activities.When contacted, Mr ...
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Index heavyweights are fund managers’ favourites
Several funds increase exposure to Reliance Industries
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TECHNICAL ANALYSIS
Bulls prevail
Bulls prevailed over Wednesday’s trading activity. 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, the current sentiment ...
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STOCK MARKETS
Fed rate impact on stocks not on expected lines
Markets factor in rate changes early
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Dow Jones launches Islamic market India index
Mumbai, Dec. 12 Dow Jones Indexes, a global index provider, announced the launch of its Dow Jones Islamic Market India Index. The new index will measure the performance of stocks traded on the BSE that pass screens for Shari’ah ...
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FOREIGN INSTITUTIONAL INVESTORS
Reliance Capital MF sheds 5% stake to Eton Park for Rs 501 cr
Mumbai, Dec. 12 Reliance Capital Ltd today announced that Eton Park, a global investment fund, has agreed to pick up five per cent equity stake in its 100-per cent subsidiary, Reliance Capital Asset Management Ltd, for Rs 501 crore. The ...
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ASSET MANAGEMENT COMPANIES
IMPACT
Stake sale in Reliance Cap arm seen positive
Valuations of cos with MF arm may go up
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REGULATORY BODIES & RULINGS
SAT vacates stay on Essar Steel delisting notice
Shares to be delisted on December 24
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RECOMMENDATION
Today's Pick: Avaya Global Connect (Rs 296.90)
We recommend a buy in Avaya Global Connect at current market price. It is clearly visible from the charts that the stock had been on a downtrend between early June and late November (from an high of Rs 414 to a low of Rs 233). The stock reversed ...
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Day Trading Guide
The stock is pausing at higher levels. Desist trading in the stock for the day.InfosysWe recommend a sell.L&TThe stock is still moving sideways in the range of Rs 4,200 and Rs 4,400. Stay away from ...
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IPOS
OIL gearing up for IPO
In the final stages of preparing draft prospectus
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Edelweiss, Renaissance Jewellery list with premium
Mumbai, Dec. 12 Edelweiss Capital Ltd, a company which provides investment banking, asset management and wealth management services directly, and stock and insurance broking through subsidiaries, made its debut at a premium of 75 per cent ...
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Transformers & Rectifiers, BGR Energy IPOs see strong response
Transformers and Rectifiers (India) Ltd, manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, was subscribed a ...
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