MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Feb 12 Dhanalakshmi Bank’s rights issue opens on February 19 and closes on March 19. J.Kumar Infraprojects has secured an order valued at Rs 170 crore from Municipal Corporation of ...
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FINANCIAL SERVICES
Geojit launches financial literacy campaign
Kochi, Feb. 12 In order to inculcate savings habit and wise investment decision-making ability among students of professional colleges, Geojit Financial Services has launched a national financial literacy campaign across the country. ...
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Reliance Money expands into UAE
To offer broking services and distribute mutual funds
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Brokerage stocks under fire
Shrinking turnover spells trouble
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NEW FUND OFFER
Birla Sun Life Pure Value Fund launched
Mumbai, Feb. 12 Birla Sun Life Mutual Fund has launched a three year closed-ended equity scheme with an automatic conversion into an open-ended scheme upon maturity.The Birla Sun Life Pure Value Fund which opened on January 17 will ...
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INSIGHT
The basis of wealth
True, the stock market should not be taken as a faithful yardstick of the true worth of the economy, but, even so, there is cause for serious concern when ‘wealth’ is created ‘overnight’ and destroyed as quickly. The ...
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MUTUAL FUNDS
Profit booking seen in Gold ETFs
Underlying inventory falls below four tonnes
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TECHNICAL ANALYSIS
Volatile movement
Tuesday’s trading activity witnessed volatile movement. However, the sentiment reading of the tradable counters continues to remain bearish. Bull domination on Wednesday is likely to neutralise the sentiment reading. On the ...
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STOCK MARKETS
Most stock futures’ discount widens
Open interest dips for active counters
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RECOMMENDATION
Day trading guide
The stock is poised above the key support at Rs 1,000. Buy the stock in intra day corrections.Infosys The outlook for the stock stays cautious. Do not trade in the stock for the day.More
TODAY'S PICK
Indiabulls Financial (Rs 620.55): Sell
We recommend a sell in Indiabulls Financial Services from a short-term perspective. It is evident from the chart of this stock that it has been on a long-term up trend since its July 2006 trough of Rs 90. However, it began to decline after ...
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IPOS
Global Spirits plans to tap capital market
Mumbai, Feb. 12 Globus Spirits, a company involved in the business of manufacture, sales and marketing of Indian Made Foreign Liquor, Industrial Alcohol and Country Liquor, is planning to tap the capital markets with an IPO of Rs 68 crore. ...
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SVEC Constructions IPO to be withdrawn
The list of the casualties seems to be growing on the IPO front. The lead mangers of Hyderabad based SVEC Constructions Ltd have decided to withdraw the IPO, which was to close on Wednesday. As on 5 p.m. on Tuesday, the issue was subscribed ...
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Reliance Power dips further
Mumbai, Feb. 12 The newly listed Reliance Power declined 4.82 per cent on Tuesday to close at Rs 354.55 . The Anil Dhirubhai Ambani Group company had a disappointing debut on the bourses on Monday when it had closed 17 per cent below the issue ...
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