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MARKETS
RECOMMENDATION:
MRPL (Rs 37.65): Buy
We recommend a buy in Mangalore Refinery and Petrochemicals (MRPL) from a short-term trading perspective. It is evident from the charts of MRPL that it had been on an intermediate-term downtrend from its April peak of Rs 109 to the December ...
RECOMMENDATION:
Day Trading Guide
Fresh long-position can be initiated if the stock exceeds above Rs 800 level, with tight ...
STOCK MARKETS:
Markets downturn hits insurance cos collections
Slide in LIC’s collections drags down overall growth. BL Research Bureau The continuous downturn in equity markets and severe correction since October seems to have finally hit the collections mopped up by insurance companies. At the start ...
STOCK MARKETS:
Foreign investment banks see a gloomy 2009
Slowing corporate growth, general election to impact. Mumbai, Dec. 11 The pressure on Indian equities is likely to continue in the first half of 2009 with the outlook for corporate profits in the coming quarters remaining gloomy as growth slows ...
STOCKS:
RCom jumps on FCCB buyback, stake sale talk
Mumbai, Dec. 11 Reliance Communications shot up close to five per cent on Thursday on reports that global telecom companies are eyeing a stake of up to 26 per cent in the ...
IPOS:
Radiant Info awaits SEBI nod for IPO issue
Coimbatore, Dec. 11 Radiant Info System, which topped the Deloitte Technology Fast 50 India 2008 ranking, awaits the Securities and Exchange Board of India’s nod for making its Initial ...
FINANCIAL SERVICES:
Kotak Securities new scheme to offer best buy/sell price on BSE, NSE
Mumbai, Dec. 11 Kotak Securities, the stock broking arm of the Kotak Mahindra group has launched a service that will help clients to buy and sell stocks at the best possible rates available on the two major exchanges, BSE ...
MUTUAL FUNDS:
Bank of Rajasthan to distribute Edelweiss MF products
New Delhi, Dec. 11 Bank of Rajasthan will distribute mutual fund products of Edelweiss Mutual Fund. For this purpose, Edelweiss Asset Management has entered into a tie up with Bank of ...
DERIVATIVES MARKETS:
A few stock futures shed open interests
RNRL hogs limelight. Chennai, Dec. 11 Trading volume slipped sharply to Rs 38,606 crore against Wednesday’s Rs 43,598 crore in the F&O segment on the NSE. The Nifty December future closed at 2925.55, a premium of about five points over ...
STOCKS:
Cut in ad valorem cenvat rates welcome relief to auto industry
Input costs too have moderated. A four percentage point reduction in the ad valorem cenvat rates is a welcome relief to the auto industry, which has been reeling under a slowdown since early 2007. The decline in volumes, which first started with ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Dec. 11 Andhra Pradesh Paper Mills Ltd has passed on the benefit of reduction in the Cenvat rate to its customers ranging between Rs 1,450 and Rs 2,000 a tonne in the ex-mill price of writing and ...
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