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MARKETS
RECOMMENDATION:
EIH (Rs 83.45): Buy
We recommend a buy in EIH from a short-term trading perspective. It is evident from the charts of EIH that it has been on a medium-term downtrend from its September peak of Rs 172, gradually forming lower troughs and lower ...
RECOMMENDATION:
Day Trading Guide
Initiate fresh short position if the stock declines below Rs 425, with tight stop ...
STOCK MARKETS:
Sensex sheds 700 points on economic worries
Mumbai, Nov. 11 Heavy profit booking after a two-day gain of more than 800 points hammered the benchmark index – the Sensex—down by almost 700 points ...
MUTUAL FUNDS:
Index funds fare better than sector-based ones
Pharma funds alone manage to outperform its benchmark. Mumbai, Nov. 11 Most sector-based mutual fund schemes have fared worse than their index counterparts during the past six months. These funds might have performed worse than their ...
STOCKS:
13 cos announce buyback
Offer prices higher than current quote. Mumbai, Nov. 11 As shares plumb new lows in the market, several companies have started announcing buyback of ...
MUTUAL FUNDS:
UTI MF banks on ‘dabbawalas’ to promote new scheme
Mumbai, Nov. 11 The Mumbai-based dabbawalas are now coming to the rescue of the mutual fund industry looking for a cheaper communications vehicle for promoting its ...
STOCK MARKETS:
Metals hammered a day after recovery
China stimulus package worked only for one day. Kolkata, Nov. 11 Metals, miners and metal-related stocks on Tuesday slumped after Monday’s recovery on a sentimental boost provided by announcement of long-term stimulus package ...
FINANCIAL SERVICES:
Doha Brokerage in pact with Bunge
Kochi, Nov. 11 Doha Brokerage & Financial Services Ltd, associate of Doha Bank, has signed a memorandum of understanding with Bunge Investment Management Ltd (Bunge) through its affiliate company Ecoinvest Carbon SA ...
STOCK EXCHANGES:
BSE board okays 12:1 bonus issue
Mumbai, Nov. 11 The board of directors of Bombay Stock Exchange have recommended a hefty bonus of 12 shares for every share held by shareholders, subject ...
FOREIGN INSTITUTIONAL INVESTORS:
Bear Sterns exits Jaiprakash Associates
Kolkata, Nov. 11 Bear Sterns Asset Management on Tuesday exited Jaiprakash Associates. It sold its holding of around 1.97 crore shares for Rs 87.25 a share to Copthall Mauritius Investments, a registered ...
ECONOMIC OFFENCES:
SEBI serves notices to 2 for IPO allotment manipulation
Mumbai, Nov. 11Two persons accused of manipulating allotment of IPO shares meant for retail investors have been directed to disgorge more than Rs 1 crore, and have also been barred from accessing the securities market for a certain period ...
MUTUAL FUNDS:
Nod for DLF Pramerica Mutual Fund
New Delhi, Nov. 11 Prudential Financial Inc of the United States (PFI) on Tuesday announced that the Securities and Exchange Board of India has granted an in-principle approval to PFI’s sponsor group to set up the proposed DLF ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Nov. 11 Bosch Ltd has informed that workmen at the Jaipur plant have struck work from November 10 without serving appropriate notice on the company even while conciliation proceedings are ongoing before the ...
STOCKS:
Output cuts may slash volumes for steel cos
Realisations already down sharply. With user industries in trouble, several steel companies in the domestic and international arena have resorted to production cuts to prune output to adjust to the likely decline in ...
DERIVATIVES MARKETS:
Nifty 2800 put sheds open interest positions
Most stock futures add shorts. Chennai, Nov. 11 Amid falling prices, turnover improved in the F&O segment to Rs 43,386.8 crore against Monday’s figure of Rs 30,290.49 ...
STOCKS:
Maharashtra Seamless proves it is ahead of peers
Order book now pegged at about Rs 1,370 crore. Maharashtra Seamless’s recent order win worth Rs 757 crore from ONGC for the supply of seamless casing pipes is likely to provide a significant thrust to its ...
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