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MARKETS
RECOMMENDATION:
Adlabs Films (Rs 469.45): Sell
We recommend a sell in Adlabs Films from a short-term perspective. It is apparent from the charts of Adlabs Films that it has been on an intermediate-term downtrend from its early May high of Rs 789. However, the stock found support at around Rs ...
RECOMMENDATION:
Day Trading Guide
The stock is experiencing selling pressure at higher level. Fresh short-position can be initiated, if the stock declines below its 50-day moving average at Rs 1,680, with tight stop loss. ...
INVESTMENTS:
No special dispensation for LIC in new investment norms
IRDA for phased dilution of investments. Hyderabad, Aug. 28 The new investment norms announced by the Insurance Regulatory and Development Authority (IRDA) will apply to all entities in the insurance industry, including Life Insurance ...
STOCKS:
Reliance Ind weak on KG basin stake transfer plans
Court case also affects sentiment. Mumbai, Aug. 28 With Reliance Industries Ltd proposing to transfer 80 per cent stake in its oil and gas assets in the Krishna-Godavari basin to four other wholly owned subsidiaries, market sentiment for the ...
FINANCIAL SERVICES:
Aditya Birla Nuvo to acquire 56% in Apollo Sindhoori
Co to pay Rs 64 a share for the stake. Mumbai, Aug. 28 The Aditya Birla Group on Thursday announced its re-entry into the stock broking business by picking up a 56-per cent stake in the Chennai-based Apollo Sindhoori Capital Investments Ltd ...
STOCKS:
Suzlon Energy slips on reports of technical problems in turbine
Brokers feel stock may ride on good valuation. Mumbai, Aug. 28 Even though there have been reports of complaints against Suzlon Energy’s products, marketmen still believe that there is a lot of value in the scrip. The share price of the ...
STOCK EXCHANGES:
Currency Futures trade to go live today on NSE
No transaction charges from August 29 to September 30. Mumbai, Aug. 28 More than 300 members will be eligible to participate in currency futures trading on the National Stock Exchange of India on Friday, when the facility gets flagged off by ...
FINANCIAL SERVICES:
Union Bank rolls out wealth management in NCR
Not to levy any service charge on the customers. New Delhi, Aug. 28 Union Bank of India (UBI) has announced the launch of its wealth management services for high networth individuals (HNIs) in the National Capital Region (NCR). ...
NEW FUND OFFER:
IDFC Strategic Sector Fund launched
Mumbai, Aug. 28 IDFC Mutual Fund has launched an open-ended scheme IDFC Strategic Sector (50-50) Equity Fund on Thursday. The fund will invest up to 50 per cent of its assets in a chosen sector that is positioned for high returns, while the ...
IPOS:
3 banks get SEBI nod for IPO money
Mumbai, Aug 28 Three banks — Corporation bank, Union Bank of India and HDFC bank — have received SEBI nod for offering the new payment facility for IPOs under SEBI’s new scheme where investor application money will not be ...
DERIVATIVES MARKETS:
Ranbaxy provides arbitrage opportunity
Rollover of open positions healthy. Chennai, Aug. 28 Trading turnover improved to Rs 66,164.24 crore in the F&O segment on Thursday on account of settlement day for August series. The Nifty August future closed in premium at 4218.2 and the ...
STOCKS:
Acquisition values Apollo at premium
Near term upside may be limited for stock. Aditya Birla Nuvo’s acquisition of a 56 per cent equity stake in small-sized broking firm - Apollo Sindhoori Capital Investments, may be a long-term positive for the latter, ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Aug 28 Dishman Pharmaceuticals & Chemicals Ltd has completed the acquisition of 390 acres for its pharmaceutical and chemical SEZ near Bavla. Land acquisition for engineering SEZ is nearing completion and ...
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