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MARKETS
RECOMMENDATION:
Ambuja Cements (Rs 79.15): Sell
We recommend a sell in Ambuja Cements from a short-term perspective. It is evident from the charts of Ambuja Cements that following a corrective up move from its 52-week low of Rs 68, recorded in early July, the stock encountered twin ...
RECOMMENDATION:
Day Trading Guide
The near-term outlook for the stock is bearish. We reiterate our sell recommendation in this stock. ...
FOREIGN INSTITUTIONAL INVESTORS:
Lehman Brothers offload Rs 175-cr worth equities
Deutsche Securities laps up most of these shares. Mumbai, Aug. 21 Even as rumours of Lehman Brothers impending write-down float in the market, it has offloaded about Rs 175-crore worth of equities in a single day, according to the BSE ...
DERIVATIVES MARKETS:
Newly included F&O stocks witness steep fall
Thermax, HCL Infosys, Concor see no action in derivative. Mumbai, Aug. 21 The new 39 counters that entered the derivative segment today lost between two per cent and seven per ...
ASSET MANAGEMENT COMPANIES:
ICICI Pru AMC’s new branches
ICICI Prudential AMC has opened branches in Coimbatore, Erode, Salem and Tirupur. The effort is aimed at strengthening our distribution network in Tamil Nadu, Mr Vikram Kaushal, Head (Retail Sales and Distribution), ICICI Prudential AMC, ...
RIGHTS ISSUE:
SAT sets aside SEBI decision on Uniproducts India delisting
Co had gone for rights issue in Feb 2007. Mumbai, Aug. 21 The Securities Appellate Tribunal (SAT) has set aside SEBI’s order directing Uniproducts India Ltd to delist through the reverse book building process and not at the price at ...
IPOS:
Fewer private equity, venture capital-backed IPOs in H1
Overall amount raised is larger. Chennai, Aug. 20 There were fewer private equity-backed (PE) initial public offerings (IPO) across sectors, but more funds were raised in the first half of this calendar year when compared with the ...
NEW FUND OFFER:
ICICI Pru launches S.M.A.R.T Fund
Mumbai, Aug. 21 ICICI Prudential Asset Management Company has launched the ICICI Prudential S.M.A.R.T (Structured Methodology Aiming at Returns over Tenure) Fund. The new fund offer opened on August 18 and will close on September ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Aug. 21 Damodar Threads Ltd has fixed September 9 as the record date for the purpose of rights issue of equity ...
STOCK MARKETS:
Worried lot
STOCKS:
Tata Motors fails to sustain initial gains
Kolkata, Aug. 21 Though the market reacted positively, on Thursday to the changes in the capital raising plan by Tata Motors; the stock opened with a positive note and touched a high of Rs 444, but closed lower by 1.44 per cent at Rs 418 at ...
RIGHTS ISSUE:
Some relief for Tata Motors investors
Concerns on interest rates remain. Tata Motors’ announcement that it would reduce the size of its proposed rights issue to the extent of Rs 3,000 crore is welcome relief to investors in the stock. ...
DERIVATIVES MARKETS:
Unwinding of long position seen on Nifty
ICICI Bank, SBI add short positons. Trading volume zoomed sharply on Thursday to Rs 52,004.66 crore against Wednesday’s turnover of Rs 38,567.7 crore. ...
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