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MARKETS
STOCK MARKETS:
Reverse overseas stock lending deals, FIIs told
SEBI looking into the matter, says Chidambaram. New Delhi/Mumbai, Oct. 23 The Union Finance Minister, Mr P. Chidambaram, on Thursday said SEBI has asked foreign institutional investors to reverse transactions that involved overseas lending of ...
RECOMMENDATION:
Cummins India (Rs 227.70): Sell
We recommend a sell in Cummins India from a short-term trading perspective. It is clearly evident from the charts of Cummins India that after a medium-term uptrend from Rs 225, the stock encountered significant resistance at around Rs 330 in ...
RECOMMENDATION:
Day Trading Guide
The stock was volatile in the last trading session. We recommend a buy with stiff stop-loss at Rs ...
FOREIGN INSTITUTIONAL INVESTORS:
Nifty goes below 3000 level as FII selling continued
Mumbai, Oct. 23 The S&P CNX Nifty ended below 3,000-level for the first time in more than two years on Thursday, as continued selling on the foreign institutional investors counters sent the markets into a ...
STOCK MARKETS:
Bulk deals drying up as traders lose interest
Fall in proprietary trading cited as reason. Mumbai, Oct. 23 With the stock markets hitting new lows, the number of bulk/block deals reported on a daily basis has also seen a sharp ...
STOCKS:
Oil marketing companies slip on liquidity crunch fear
Counters see marked selling by FIIs. Kolkata, Oct. 23 Stocks of public sector oil marketing companies on Thursday dropped substantially on selling pressure. IOC declined by 5.5 per cent to Rs 368.35, BPCL plummeted by 6.7 per cent to Rs 301.25 ...
IPOS:
‘Power PSU issues only after markets stabilise’
New Delhi, Oct. 23 The Government will consider the follow-on public issue for thermal power major NTPC Ltd and the proposed initial public offering for state-owned hydro power firm NHPC Ltd as and when the market conditions ...
BUYBACK:
ICI proposes share buyback again
Kolkata, Oct. 23 ICI India has again proposed a share buyback plan through market operation from minority shareholders. The company is ready to buy a share of Rs 10 at a price not more than Rs 575. Shareholders approval would be sought ...
NEW FUND OFFER:
UTI MF launches Wealth Builder Series-II
Hyderabad, Oct. 23 UTI Mutual Fund has launched ‘UTI Wealth Builder Fund Series – II’, which combines the benefits of both equity and ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Oct. 23 Alok Industries has said that the meeting of the board of directors on October 27 will consider a rights issue of equity ...
STOCKS:
Weak trend
...
FOREIGN INSTITUTIONAL INVESTORS:
Gilts: Hike in FII cap not for now
New Delhi, Oct. 23 The Finance Ministry on Thursday said that it may look at raising foreign institutional investors’ (FII) investment limit in Government bonds only when about 80 per cent of the existing investment limit of $5 billion ...
STOCKS:
Edelweiss Capital Q2 standalone net profit drops 33%
Mumbai, Oct. 23 Edelweiss Capital has recorded a 33 per cent decline in its standalone net profits for the quarter ended September ...
STOCKS:
Singapore Invt Corp hikes stake in ICSA
Our Bureau Hyderabad, Oct. 23 Singapore Investment Corporation Pvt Ltd along with its sub-accounts has increased its equity stake in ICSA (India) Ltd through open market ...
STOCKS:
S&P downgrades Tata Steel UK to ‘stable’
Kolkata, Oct. 23 Standard & Poor’s Ratings Services said on Thursday that it had revised its rating outlook on Tata Steel UK Ltd (TSUK) to stable from ...
STOCKS:
High-end bikes drive Bajaj Auto into growth zone
VRS expenses slash profit figures. Bajaj Auto has seen a modest growth in sales, but recorded a fall in profits for the second quarter in a row. That puts the sales growth for the half-year ended September 2008 at 9 per cent. A large part of ...
DERIVATIVES MARKETS:
UTV Software trades with huge discount
Nifty Nov future turns into discount. Chennai, Oct. 23 Trading volume remained moderate at Rs 53,264.95 crore in the F&O segment on the NSE on Thursday against Wednesday’s figure of Rs 50,046.83 crore. The NSE October future closed ...
STOCKS:
Grasim: Better sales, but margins slip
Operating profit margin sees sharp slippage to 18%. After managing to hold on to profits in the June 2008 quarter, Grasim has reported a slippage in its net profit numbers for the September quarter. The consolidated profit numbers, which ...
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