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MARKETS
RECOMMENDATION:
Union Bank of India (Rs 161.60): Buy
We recommend a buy in Union Bank of India from a short-term horizon. It is clearly evident from the charts of Union Bank of India that it has been on an intermediate-term uptrend since its 52-week low of Rs 96 recorded in early July. Within ...
RECOMMENDATION:
Day Trading Guide
We maintain our prior view of buying the stock in dips with tight stop-loss at Rs 390 ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Oct 16 Allcargo Global Logistics Ltd’s Board of Directors will consider on October 25 the sub-division (split) of the nominal value of equity shares of ...
STOCKS:
Reliance Industries plummets to new low
‘Drop in refining margins industry-wide worries investors’. Mumbai, Oct. 16 Reliance Industries touched a new 52 week low on Thursday as the stock dipped 12.65 per cent during intra-day trade. The stock plunged to a low of Rs 1,327 ...
STOCK MARKETS:
FIIs’ selling touches $11 b
Credit Suisse, Goldman Sachs offload shares. Mumbai, Oct. 16 The relentless selling of Indian equities by FIIs have added up to net sales of $11 billion by them so far this year, according to data on the SEBI Web ...
MUTUAL FUNDS:
Mutual funds gearing up to face testing times
Mumbai, Oct. 16 Redemption-hit mutual funds are gearing up to face testing times and accessing funds from the liquidity window recently provided by ...
STOCKS:
Ranbaxy promoters told not to offload through block deal
Mumbai, Oct. 16 Ranbaxy Laboratories’ promoters have been directed by the stock market regulator not to offload their stake to Japanese drug-maker Daiichi Sankyo through a block deal on the stock ...
STOCKS:
Underwriters to invest Rs 1,718 cr in Hindalco
Mumbai, Oct. 16 With a poor response from the retail and institutional investors, Hindalco Industries rights issue has finally devolved on the underwriters. The five underwriters including ABN Amro Asia Equities, Citigroup Global ...
FOREIGN INSTITUTIONAL INVESTORS:
No debt-equity investment ratio for FIIs: SEBI
Mumbai, Oct. 16 SEBI has removed the restriction of the 70:30 ratio of investment in Indian equity and debt ...
FINANCIAL SERVICES:
NSE launches online share trading in Kerala
The Kochi-based Hedge Equities, the new entrant in the financial market, has teamed up with the National Stock Exchange to launch ‘HitNow’ (Hedge Internet Trading Neat on Web) so as to make share trading fast and transparent for ...
INVESTMENTS:
FMP yields trending down?
Chennai, Oct. 16 Fixed maturity plans, which were offering high indicative yields due to rising interest rates until recently, appear to be lowering their yields now. In a recent instance, Canara Robeco Mutual Fund, which recently launched ...
IPOS:
Syngene listing not now
Bangalore, Oct. 16 The market meltdown has put paid to one more listing plan for now: that of Biocon’s custom research subsidiary, ...
STOCKS:
HDFC Bank: CASA ratio declines sharply
Employee cost pushes up operating expenses. BL Research Bureau HDFC Bank posted a Rs 528 crore net profit in September quarter, a jump of 44 per cent over the same quarter last year. Though the two quarters are not strictly comparable as the ...
DERIVATIVES MARKETS:
Heavy short covering lifts Nifty future
Reliance Petro sheds 7.2 lakh shares. Chennai, Oct. 16 Turnover rose sharply to Rs 55,822.72 crore in the F&O segment amid volatile trading session on the NSE on Thursday against Wednesday’s turnover of Rs 43,996.07 crore. Turnover ...
STOCKS:
Concor Q2 numbers surprise positively
Operating margins improve despite drop in volumes. The September quarter numbers of Container Corporation of India, the country’s biggest carrier of rail cargo containers has yet again surprised the street positively. Despite a challenging ...
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