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MARKETS
REGULATORY BODIES & RULINGS:
SC allows SEBI to quiz Raju brothers for 3 days
Market regulator says it has competence and expertise to probe securities fraud. New Delhi, Feb. 3 The Supreme Court on Tuesday allowed the Securities and Exchange Board of India to interrogate in prison Mr B. Ramalinga Raju and Mr B. Rama Raju, ...
REGULATORY BODIES & RULINGS:
The line of probe
SEBI’s interrogation of the Raju brothers will be based on the investigations already carried out by the regulator, and on Mr Ramalinga Raju’s own confessional ...
RECOMMENDATION:
Aditya Birla Nuvo (Rs 451.10): Sell
We recommend a sell in Aditya Birla Nuvo from a short-term trading perspective. It is apparent from the charts of the stock that it has been on an intermediate-term downtrend from its August 2008 peak of Rs 1,422. Moreover, the stock has been on ...
RECOMMENDATION:
Day Trading Guide
Note: In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be ...
OPEN OFFERS:
Highest bid may be benchmark for Satyam open offer price
SEBI sees it as best option to counter criticism. Mumbai, Feb. 3 The highest quote in any competitive bid for Satyam Computer could be used as a benchmark for determining the open offer price for the company. It is reliably learnt that this is ...
MUTUAL FUNDS:
MFs see highest inflows since crash
Mumbai, Feb. 3 The asset base of the mutual fund industry rose 9.4 per cent in January, recording the highest growth since the start of the market fall 12 ...
INSIGHT:
Balanced funds outpace equity funds in choppy markets
Birla Sun Life Balance leads list, ICICI Pru Child Care worst hit. Balanced funds have managed to fare better than pure equity funds for a three-year period, thanks to their ability to contain declines in NAVs ...
MUTUAL FUNDS:
Weak show by MFs in Jan
Banking sector fund worst performer. Mumbai, Feb. 3 The tables seem to have turned for many mutual fund schemes as those that performed well in December have logged in poor performances in ...
STOCK MARKETS:
Auto stocks still at crossroads
Coimbatore, Feb. 3 After putting up dismal sales performance month after month during this financial year, auto companies have something to cheer, with January sales showing a positive trend compared to the ...
OPEN OFFERS:
AB Nuvo makes open offer for PSI Data to delist
Bangalore, Feb. 3 Aditya Birla Nuvo has made an open offer to the shareholders of PSI Data Systems to acquire the remaining 29.25 per cent stake in the company as part of its proposed delisting ...
STOCKS:
DLF stock hits record low
Chennai, Feb. 3 The stock of DLF dropped to Rs 131.85 on the NSE, the lowest since its listing in July 2007. However, it closed a shade better at Rs 132.85 against the Rs 153 on the BSE on Monday. The stock has tumbled nearly 18 per cent in ...
DERIVATIVES MARKETS:
Educomp futures in deep discount
Chennai, Feb. 3 Trading volume improved to Rs 40,066.85 crore in the F&O segment on the NSE on Tuesday amid volatile trading. The NSE Nifty future closed 2765 against the spot close of 2783.9. The discount narrowed down to about 19 ...
Columnists:
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Harish Bijoor
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Ramanujam Sridhar
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S Ramesh Kumar
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Radhika Chada
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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