MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, April 2 Aksh Optifibre Ltd has entered into an agreement for three years with Eros International, Dubai, one of the leading home video companies with worldwide network for distribution of Bollywood movies, for ...
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BUYBACK
Reliance Energy buys back 11.8 lakh shares
Reliance Energy on Wednesday announced that the company has bought back a total of 11.8 lakh of its equity shares as on April 2, , for an aggregate amount of Rs 150.74 crore. The first phase of the buyback plan envisages acquisition of shares ...
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INVESTMENT BANKING
JPMorgan Chase sees lot of companies tapping DR route
‘Very stringent norms for External Commercial Borrowings’
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FINANCIAL SERVICES
Karvy launches services in Vizag
Karvy Stock Broking Ltd has launched portfolio management services here on Wednesday, for the first time in the country, and it will be extended to 50-60 centres, according to Mr Ambareesh Baliga, Vice-President. At a press meet here before the ...
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MUTUAL FUNDS
Bharti AXA gets SEBI nod for MF foray
Mumbai, April 2 Bharti AXA Investment Managers has received regulatory approval from SEBI to start its mutual fund business. The company is a joint venture between Bharti Ventures, AXA Investment Managers (AXA IM) and AXA Asia Pacific ...
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STOCKS
Price hike fails to enthuse cement stocks
Rise in input cost adds pressure
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IMPACT
Cut in sugar output estimates positive
Medium term benefit to players, but cane prices hold key
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Steel stocks wilt under pressure to reduce price
Lot of uncertainty around what the Govt would do
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TECHNICAL ANALYSIS
Bears prevail
Bears prevailed over Wednesday’s trading activity. However, initial bull move during the day changed the sentiment reading to bullish. Bear domination on Thursday is likely to change the sentiment reading in their favour. On the ...
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STOCK EXCHANGES
Tata Motors mulling Tokyo listing
Mumbai, April 2 Tata Motors is planning to list depository receipts (against underlying shares) on the Tokyo Stock Exchange, said a report in Japanese financial daily, The Nikkei. However, official sources of Tata Motors did ...
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STOCK MARKETS
Mutual funds’ asset base falls 6.6% in March
31 out of 33 MFs reported declines in assets under management
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DERIVATIVES MARKETS
Nifty futures end in red on unwinding of long positions
New short positions in Reliance Petro
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RECOMMENDATION
TODAY'S PICK (Latest Audio: English
| Tamil)
LIC Housing Finance (Rs 280.15): Sell
We recommend a sell in LIC Housing Finance from a short perspective. It is clearly visible from the charts of LIC Housing Finance that the stock has been moving sideways since January 2008 in a range between Rs 235 and Rs 315. Following a ...
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Day Trading Guide
Contrary to our prior view, the stock moved up in the last session and is consolidating sideways. Fresh long position can be initiated if the stock moves above Rs 1,500, with tight stop loss.L&TIn the last ...
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