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MARKETS
FOREIGN INSTITUTIONAL INVESTORS:
Market makes further gains as FIIs turn net buyers
Mumbai, Dec. 10 The stock market rose sharply on Wednesday on the back of heavy buying by foreign institutional ...
RECOMMENDATION:
ING Vysya Bank (Rs 154.90): Buy
We recommend a buy in ING Vysya Bank from a short-term horizon. It is apparent from the charts that its medium-term downtrend, which commenced from September high of Rs 275, found support at Rs 113 that was almost the stock’s 52-week ...
RECOMMENDATION:
Day Trading Guide
On Wednesday, the stock conclusively penetrated its 21-day moving average by jumping up by 8 per cent accompanied with above average volume. We recommend a ...
STOCKS:
Realty index spurts the most on revival steps
Metal, capital goods too outperform Sensex returns. Kolkata, Dec. 10 Realty, auto, bank, capital goods and metal stocks made recovery after monetary and fiscal stimulus provided by the RBI and the Government on December 5 ...
STOCKS:
Winter movement of crude warms up shipping stocks
Baltic Index shows signs of recovery. Mumbai, Dec. 10 Shipping stocks moved up on the bourses on Wednesday as tanker freight rates showed signs of firming up in the wake of increased movement of crude for ...
REGULATORY BODIES & RULINGS:
SAT hearing of NSDL-CDSL issue in IPO scam reaches final stage
No negligence can be attributed to NSDL: Counsel. Mumbai, Dec. 10 The Securities Appellate hearing of NSDL-CDSL’s appeal against the SEBI order in IPO scam case that has been going on for the last two years is nearing final ...
STOCKS:
Small shareholders flock to large steel companies in Sept quarter
Tata Steel – the most favoured. Small investors have been shifting in large numbers to steel stocks while the BSE Sensex has been ...
FINANCIAL SERVICES:
Amas Bank acquires 40% stake in Chennai-based Paterson
‘Investment part of renewed India focus’, says Chief Executive of Amas. Chennai, Dec. 10 Amas Bank (Switzerland) Ltd, the international banking entity of the Hinduja Group, announced the acquisition of 40 per cent stake in the ...
STOCKS:
Domestic demand for aluminium could soften
Automobile sector accounts for 37% of consumption. Madras Aluminium Co’s decision to suspend production in response to falling prices makes it the first domestic aluminium producer to announce production ...
STOCKS:
Idea Cellular gets competitive edge
Indus Towers stake a shot in the arm. Idea Cellular’s pan-India expansion has received a boost with the allocation of 4.4 Mhz start-up spectrum for the Kolkata ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Dec. 10 Godrej Consumer Products Ltd’s board of directors approved a proposal for acquisition of 50 per cent share in Godrej SCA Hygiene Ltd from its joint venture partner SCA Hygiene Products AB, Sweden. ...
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