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MARKETS
RECOMMENDATION:
Aban Offshore (Rs 2,308.55): Buy
We recommend a buy in Aban Offshore from a short-term perspective. It is clearly visible from the charts of Aban Offshore that its intermediate-term downtrend which began in late May from Rs 4,292 appears to have halted at around Rs 2,015 ...
RECOMMENDATION:
Day Trading Guide
In the last trading session, the stock tumbled by 4 percent decisively penetrating it 200-day moving average. The daily relative strength index has entered into the bearish zone. We recommend a ...
FINANCIAL MARKETS:
Bloodbath on Dalal St as FIIs exit
Realty, IT stocks most affected; late buying stems free fall. Mumbai, Sept. 15 The rout in the global equity markets following the crises at US-based investment banking firms Lehman Brothers and Merrill Lynch shook the Indian stock markets on ...
FINANCIAL MARKETS:
IIM students await word on pre-placement offers
WALL STREET WOES. Bangalore, Sept.15 Students at the Indian Institute of Management, Bangalore, are gearing up for a placement season bereft of marquee recruiters Lehman Brothers and Merrill Lynch this ...
OPEN OFFERS:
Emami doubles Zandu open offer price
Kolkata, Sept. 15 Emami Ltd. has more than doubled the open offer price for Zandu Pharmaceutical Works to Rs 15,000 from Rs 7,315 earlier ...
FOREIGN INSTITUTIONAL INVESTORS:
Lehman’s India exposure – worst already over?
It offloaded 40% of the holding in recent times. BL Research Bureau Lehman Brothers’ bankruptcy filing in the US over the weekend will certainly have significant implications for the broader financial market and fund flows into India. But ...
STOCK MARKETS:
Indian stocks better Asian peers in rout
BL Research Bureau Investors appalled by the mayhem in the equity markets on Monday can take heart from the fact that Indian equities have outperformed their Asian peers in the last two ...
STOCKS:
Vendors likely to see stunted growth on Lehman, Merrill woes
Expect more short-term weakness as financial industry consolidates. Bangalore Sept. 15 Beleaguered Indian IT vendors are expected to see a stunted growth as banking crisis worsened in the US with Lehman Brothers declaring bankruptcy, while ...
STOCK MARKETS:
Who said crude price fall is good for equities
Chennai, Sept. 15 Even the continuing collapse in crude prices, as well as other commodities, could not protect the stock market from a poor performance. Back in mid-July, when oil was $147 a barrel, few expected the possibility that it ...
NEW FUND OFFER:
Bharti AXA Investment Managers unveils growth plans
New Delhi, Sept. 15 Bharti AXA Investment Managers, a recent entrant in the mutual funds industry, hopes to achieve assets under management (AUM) of about Rs 5,000-6,000 crore by end March 2009, its Chief Executive, Mr Sandeep Dasgupta, ...
INVESTMENT BANKING:
‘Exposure to Lehman limited’
UniCredit, Italy’s biggest bank by market value, has very limited exposure to Lehman Brothers, the US investment bank that has filed for bankruptcy protection, UniCredit’s CEO said on Monday. “The exposure of UniCredit group ...
INVESTMENT BANKING:
Sombre mood prevails at Lehman Brothers’ Mumbai office
Mumbai, Sept. 15 “Many young men and women who work at Lehman have multi-thousand dollar apartments and condos. Drive expensive cars. Eat out six days a week at expensive restaurants. Their credit cards are maxed out. Very little, if ...
ALLIANCES & JOINT VENTURES:
SMC Group signs jt venture pact with Sanlam of S Africa
New Delhi, Sept. 15 Financial brokerage house SMC Group has signed a joint venture agreement with South Africa-based Sanlam Group. Sanlam will invest Rs 215 crore in the company for setting up asset management companies through two ...
STOCKS:
Unitech gets money from Lehman
Mumbai, Sept. 15 Among the many investments Lehman had made in India, Delhi-based Unitech had received about $175 million (Rs ...
DERIVATIVES MARKETS:
Nifty future slips into discount against spot
Most stock futures shed open interest positions. Chennai, Sept. 15 Turnover improved to Rs 61,186 crore on Monday in the F&O segment against Friday’s figure of Rs 57,495 crore on the back of sharp fall in share values. The NSE ...
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