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MARKETS
RECOMMENDATION:
Nectar Lifesciences (Rs 378.05): Buy
We recommend a buy in Nectar Lifesciences at current levels, from a short-term perspective. From the charts of the company, it is clearly visible that it has been on an intermediate-term up-trend from its March low of Rs 168 (a 52-week low). ...
RECOMMENDATION:
Day Trading Guide
The stock is trending sideways. Avoid trading in this counter as the outlook is watchful. ...
STOCKS:
Vedanta rejigs group cos under three businesses
Shares of Sterlite and Malco show extreme movement. Mumbai, Sept. 9 Shares of Sterlite Industries and Madras Aluminium Company Ltd (MALCO) showed extreme volatility on Tuesday prompted by confusion in the market regarding a corporate ...
STOCKS:
Tech-equity swap with foreign partners likely
New Delhi, Sept. 9 It may soon be possible for Indian companies to undertake technology transfers or get the right to use brand name or trademarks of their foreign partners by issuing equity shares to the foreign collaborator instead of making ...
DERIVATIVES MARKETS:
NSE may launch futures trade in more currencies
Eyes pound sterling, yen, Chinese yuan. The National Stock Exchange (NSE) hopes to launch currency futures in certain currencies other than the US dollar in the coming days, a top official of the exchange said here on Tuesday. Last month, ...
STOCKS:
Tea stocks turn attractive on improving fundamentals
Analysts expect price to go up by 30% year-on-year. Analysts are turning bullish about tea stocks of late as domestic and export prices of the commodity are going up steadily. According to Mr Rajesh Agarwal of CD Equisearch and Mr Ajay Jaiswal ...
STOCKS:
Idea Cellular’s revised open offer for Spice Comm from Sept 17
Our Bureau Mumbai, Sept. 9 The Aditya Birla Group-owned mobile telephony company Idea Cellular today announced a revised schedule for its open offer for acquiring 20 per cent equity shares in Spice Communications. ...
RIGHTS ISSUE:
SEBI examining possibility of rights issue offering through demat a/c
Chennai, Sept. 9 SEBI on Tuesday said the reduced 60-day timeline for allotment of shares in rights issues would be introduced from the last week of September. ...
STOCKS:
Sterlite restructuring: Creating focussed businesses
But uncertainty may weigh. The Sterlite group has announced a restructuring of its companies, including the listed Sterlite Industries and Madras Aluminium Company (MALCO), intended to reduce cross-holdings of equity stakes and enable better ...
DERIVATIVES MARKETS:
IFCI, RPower, Sterlite add open positions
Unwinding of long positions seen in index, stock futures. Turnover in the F&O segment dipped further on Tuesday to Rs 43,958.71 crore against Rs 45,977.5 crore witnessed on Monday. ...
STOCKS:
Stake sale buzz lifts IFCI
The stock price of IFCI witnessed a sharp rise on Tuesday as strategic sale talk once again resurfaced. The stock went up 5.7 per cent to Rs 48.9 against the previous day’s close of Rs 46.25. Trading volumes also jumped sharply to 2.15 ...
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