MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Feb. 14 Blue Star Ltd has completed the acquisition of the businesses of Naseer Electricals Pvt Ltd, a Bangalore-based electrical contracting firm, for a consideration up to Rs 42 crore, which includes upfront ...
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FINANCIAL SERVICES
NSDL, Euroclear sign MoU
Mumbai, Feb. 14 National Securities Depository Ltd (NSDL) and Brussels-based depository Euroclear have signed an MoU to build close co-operation between the two central securities depositories.The depositories are exploring how best to ...
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STOCKS
SBI rights issue to open on Monday
New Delhi, Feb. 14 The Rs 16,700-crore rights issue of State Bank of India (SBI) will open on February 18. Official sources said that the rights offering from the country’s largest commercial bank would be open for subscription for a ...
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Realty index ends in green
Moves up 7.58 pc; traded volumes within recent average
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Relief at last for oil marketing cos
Govt to reduce their burden of under-recoveries
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TECHNICAL ANALYSIS
Bull domination
Bull dominated over Thursday’s trading activity. The sentiment reading of the tradable counters remains bullish. Bear domination on Friday is likely to change the sentiment reading in their favour. On the contrary, the current sentiment ...
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STOCK MARKETS
Market rebounds on positive overseas signals; Sensex gains 817 pts
Mumbai, Feb. 14 Share prices staged a strong comeback on the Indian bourses on Thursday as domestic and foreign investors bought at lower levels. The market sentiment was boosted by positive signals from the overseas markets, but ...
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MFs accumulate more large caps in January
Mutual funds, which diluted their holdings in index heavyweights in favour of mid and small-cap stocks a few months ago, appear to be returning to large cap stocks. An analysis of the January portfolio (latest available) disclosed by ...
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DERIVATIVES MARKETS
Scepticism continues to rule high
Nifty futures close at a discount
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RECOMMENDATION
TODAY'S PICK
Nicholas Piramal (Rs 329.80): Buy
We recommend a buy in Nicholas Piramal India from a short-term perspective. From the charts of Nicholas Piramal India we note that it has been on a healthy uptrend, making higher peaks and higher troughs from its June 2006 low of Rs 150. However, ...
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Day Trading Guide
The stock is still consolidating sideways and the outlook remains stays cautious. We maintain our prior view that traders should stay away from this counter.L&TNegating our prior view, the stock bounced off ...
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IPOS
IPOs have given us profits: CBoP
New Delhi, Feb. 14 Centurion Bank of Punjab said on Thursday that till date its cumulative investments in initial public offerings (IPOs), including the Reliance Power IPO, have delivered profits.“We invest in IPOs as part of our ...
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PEOPLE
Bhave will be new SEBI chief
New Delhi, Feb. 14 The Securities and Exchange Board of India will have a new Chairman in Mr C.B. Bhave, who is currently Chairman of National Securities Depository Ltd (NSDL). Mr Bhave, who had earlier served in both Government and ...
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Headed the media way?
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Tough task ahead for C.B. Bhave
Mumbai, Feb. 14 One of the foremost tasks before Mr C.B. Bhave, who will be taking over as Chairman of SEBI, would be to decide on whether the market regulator should proceed in appeal in the Supreme Court against the very organisation that he ...
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