MARKETS
RECOMMENDATION:
Kotak Mahindra Bank (Rs 308): Sell
We recommend a sell in Kotak Mahindra Bank from a short-term trading perspective. It is evident from the charts of Kotak Mahindra Bank that it has been on a long-term downtrend since its all-time high of Rs 1,435 recorded in early January. ...
RECOMMENDATION:
Day Trading Guide
Fresh short-position can be initiated only if the stock declines below Rs 350 level, with ...
STOCK MARKETS:
Gloom over Citigroup job cuts spreads; Sensex sheds 353
The gloom that swept across global markets following Citigroup’s announcement it would axe 50,000 employees took India in its sweep too, sending the benchmark indices plunging four per ...
STOCKS:
Midcaps fare better than large-caps in recent fall
‘FIIs, hedge funds focus in pivotals could be a reason’. BL Research Bureau Investors are usually warned to stay away from mid- and small-cap stocks in highly volatile markets, as they may be more vulnerable to stock market ...
STOCKS:
News of shutdowns, output cuts sends stocks crashing
Eight cos lose between 14 and 45% following announcements. Mumbai, Nov. 18 Stock prices of companies that have recently announced partial shut downs or production cuts at their manufacturing plants have taken a beating in the past ...
STOCKS:
RBI steps not a certainty to banks increasing lending
RBI’s measures announced recently may help reduce capital adequacy requirements for banks and help them lower their provisioning, should they choose to ramp up lending to sectors such as NBFCs, real estate and SMEs, to drive ...
STOCK MARKETS:
Selling at bank counters continues; private players worst losers
‘Dumping began when RBI did not cut interest rates’. Mumbai, Nov. 18 The selling at the banking counters continued into Tuesday, despite several announcements from Reserve Bank of India that it intended to improve liquidity ...
STOCKS:
Tata Steel down as Corus extends production cut
Kolkata, Nov. 18 Tata Steel stock slid around one per cent on Tuesday though the company announced that September quarter results of Corus would be consolidated and taken on record on November ...
STOCKS:
Aloula Geojit starts trade on Saudi bourse
Mumbai, Nov. 18 Aloula Geojit Brokerage Company, the recently established joint venture between Geojit Financial Services and Saudi Arabia’s Al Johar group, said it had started executing trades on Saudi Arabia’s stock ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Nov. 18 Automotive Axles Ltd has informed that the commercial vehicle market is witnessing a steep fall in demand “which has driven our OE customers to resort to shut down/lay offs”. This is ...
DERIVATIVES MARKETS:
Nifty puts shed open interest positions
Reliance sees short-covering, fresh long. Chennai, Nov. 18 Turnover improved marginally to Rs 43260 crore in the F&O segment on Tuesday against Monday’s figure of Rs 41,686.9 crore. The NSE November future closed at 2684, slightly ...
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