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MARKETS
STOCK MARKETS:
Markets give thumbs down to AIG rescue
Mumbai, Sept. 17 Convulsions on Wall Street eased a bit on Wednesday, feeding on the announcement by US Federal Reserve of a bail-out of the embattled American International Group (AIG) that may help the US insurer from capsizing the ...
RECOMMENDATION:
Castrol India (Rs 331.30): Sell
We recommend a sell in Castrol India from a short-term perspective. It is apparent from the charts that the medium-term uptrend of the stock, which began in early July from the support level of Rs 235 had encountered resistance at Rs 355 ...
RECOMMENDATION:
Day Trading Guide
On Wednesday, the stock has experienced selling pressure and tumbled 5 per cent on heavy volumes. We retain our sell ...
ANNOUNCEMENTS:
Corporate Developments
Coimbatore, Sept. 17 Era Infra Engineering Ltd has won a contract for upgradation, renovation and construction for Commonwealth Games 2010 in Dr Karni Singh Shooting Range, Tuglakabad, Delhi. The contract is valued at ...
IPOS:
Oil India public offer plans on track
To hit the market on November 10; price band likely in Oct. New Delhi, Sept 17 The stock market volatility is unlikely to defer public sector undertaking Oil India Ltd’s (OIL) initial public offer (IPO) schedule of November. Sources said ...
FOREIGN INSTITUTIONAL INVESTORS:
Shares with higher FII holding may come under pressure
Global investors have focused on IT and banking companies. Mumbai, Sept. 17 Indian companies in which FIIs’ shareholdings are substantial are likely to come under more selling pressure on the bourses, ...
FOREIGN INSTITUTIONAL INVESTORS:
FIIs invest record $2.2 b in debt on September 16
Mumbai, Sept. 17 Net investments in Indian debt instruments made on September 16 by foreign institutional investors amounted to a staggering $2.2 billion (Rs 8,904 crore), the combined data provided by custodians to SEBI ...
STOCKS:
ICICI Bank yet to come out of Lehman shock
Talk of management selling stake denied. Mumbai, Sept. 17 With the shock waves from the Lehman Brothers debacle yet to subside, one of India’s largest private sector banks, ICICI Bank, is facing the heat as a result of its ...
STOCKS:
Steep fall in iron ore price weakens Sesa Goa
Profitability could be affected if export duty is raised further. Our Bureau Kolkata, Sept. 17 Despite distribution of 1:1 bonus shares last month, Sesa Goa has been witnessing steep ...
MUTUAL FUNDS:
KVB vends mutual fund products
Karur Vysya Bank commenced distribution of mutual fund products through its branch network. The products would initially be on offer at select branches in Chennai, Coimbatore, Erode, Dindigul, Karur, Madurai, Tirupur, Tiruchi and Tiruchengode, ...
STOCKS:
Aban subsidiary plans Oslo listing
Chennai, Sept. 17 Aban Singapore Pte Ltd, a wholly-owned subsidiary of Aban Offshore Ltd, is considering listing in Oslo stock exchange, Aban Offshore’s Managing Director, Mr Reji Abraham, told the company’s shareholders here ...
STOCKS:
Nagarjuna Construction cancels warrants to promoter’s firm
Hyderabad, Sept. 17 Nagarjuna Construction Company Ltd (NCC) cancelled the 2.5 million warrants allotted to its promoter group company, AVSR Holdings Ltd as it failed to convert the warrants into ...
STOCK MARKETS:
Dues being cleared in bourses: Ministry
New Delhi, Sept. 17 The Finance Ministry does not see any payment-related problems in the near term in the bourses in the wake of the global financial market turbulence arising from Lehman Brothers’ collapse, Merrill sale and AIG ...
FINANCIAL MARKETS:
RBI steps in to increase liquidity
Banks encouraged to use repo rate to raise money. The Reserve Bank of India has come out with a package of moves aimed at easing the tight short-term liquidity situation in the banking system, while defending the rupee from ...
DERIVATIVES MARKETS:
State Bank of India sees fresh shorts
Call writers emerge at 4100. Chennai, Sept. 17 Turnover remained moderate on Wednesday at Rs 58,546.48 crore in the F&O segment on the NSE against Tuesday’s figure of Rs ...
STOCKS:
Ericsson deal to improve footprint in Europe for TCS
Lower margin orders to rule the roost. Amidst heightening concern about how IT spends may pan out for its banking and financial services clientele, Tata Consultancy Services has got a boost for its telecom vertical through a five-year deal from ...
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