MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Jan. 8 Binani Cement Ltd has said that a meeting of the Board of Directors will be held on January 19 to consider and approve the raising of funds up to a maximum of $125 million by way of Foreign Currency ...
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NEW FUND OFFER
HDFC Infrastructure Fund launched
Mumbai, Jan. 8 HDFC Mutual Fund has launched HDFC Infrastructure Fund, which is a three year close-ended equity scheme with automatic conversion into an open-ended scheme upon maturity.The investment objective of the scheme is to seek ...
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AIG launches Infrastructure and Economic Reform Fund
New Delhi, Jan. 8 AIG Investments, an asset management arm of American International Group Inc, on Tuesday announced the launch of an open-ended equity scheme by the name ‘AIG Infrastructure and Economic Reform Fund’.This ...
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STOCKS
RITES issues bonus shares
New Delhi, Jan. 8 RITES Ltd, a public sector undertaking under the Ministry of Railways, has announced issue of bonus shares of Rs 36 crore to its existing shareholders (the Government), in the ratio of nine shares for one share held in the ...
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SBI picks up 2% stake in Mahindra Holidays
Coimbatore, Jan. 8 State Bank of India has picked up a 2 per cent stake in Mahindra Holidays and Resorts India Ltd (MHRIL) for about Rs 80 crore even as the company is preparing to come out with an IPO. The equity shares would be ...
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Fear of less subsidy knocks down fertiliser stocks
Rs 31,000 cr figure to be finalised by month-end
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127 stocks move to T-group
Mumbai, Jan. 8 Inclusions of certain stocks into T and TS group have had an impact on the BSE small- and mid-cap indices today. Better performance of the small-cap stocks compared with large cap stocks in the last calendar year has led to ...
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Small & mid-cap stocks lose steam
797 stocks hit lower circuit filter
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Price-cut talk weakens cement cos
Cement stocks have been witnessing steep fall in the last few days. According to market participants, following the Tamil Nadu Government’s warning last week that if the private cement factories did not bring down the prices, it would have ...
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M&M exit from joint venture: Benefits deferred
Mahindra and Mahindra’s official announcement that it is deferring investment in the three-way joint venture with Renault and Nissan at Chennai is unlikely to have a very significant impact on its immediate prospects as the project is ...
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TECHNICAL ANALYSIS
Bull run arrested
Bull run was arrested during Tuesday’s trading activity. The sentiment reading of the tradable counters changed to neutral. Bear move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, bull move is ...
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STOCK MARKETS
Funds reduce holdings in heavyweights in Dec
Index stocks continue to dominate list of holdings
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DERIVATIVES MARKETS
Reliance Petro attracts trading ban
RNRL maintains momentum
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RECOMMENDATION
Today's pick: Gujarat Gas Company (354.30)
We recommend a buy in Gujarat Gas Company at current market price. Form the weekly chart of Gujarat Gas; we note that it has been on steady long-term uptrend form July 2006 low of Rs 184 levels. From the daily chart it is clear that the stock has ...
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Day Trading Guide
Contrary to our prior view, the stock fell in the last trading session. However, fresh long should be initiated only when the stock moves above Rs 1,364.Infosys The bounce recorded in the stock on Tuesday is ...
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