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MARKETS
RECOMMENDATION:
IOC (Rs 405.30): Sell
We recommend a sell in Indian Oil Corporation from a short-term trading perspective. It is evident from the charts of Indian Oil Corporation that it was on an intermediate-term up trend from late October 2008 to mid February 2009 (from Rs 299 ...
RECOMMENDATION:
Day Trading Guide
The near-term outlook is bearish for DLF. We recommend a sell. Initiate fresh long-position if ICICI Bank surpasses Rs 296 and if SBI exceeds Rs 935 with stiff stop-loss. Buy ...
STOCKS:
Bharti Airtel tumbles 6.3% on CEO stake sale news
Kohli dismisses speculation of exiting company. New Delhi, March 12 Bharti Airtel’s share price slumped by 6.37 per cent on Thursday to close at Rs 550.30 on the Bombay Stock Exchange after the company’s Chief Executive Officer sold ...
IPOS:
SKS Micro plans to double loan disbursals in 2009-10
To expand client base, venture into new markets. Kolkata, March 12 SKS Microfinance, the largest microfinance institution in the country and the fifth largest globally in terms of client base, is looking at more than doubling its total loan ...
RIGHTS ISSUE:
SEBI proposes to relax disclosure norms for rights issue
Mumbai, March 12 Capital markets regulator SEBI has proposed to do away with certain existing disclosure requirements for rights issue documents to facilitate faster completion of the ...
STOCKS:
TVS Motor converts loan to subsidiary to equity
Chennai, March 12 TVS Motor Company has converted a loan of Rs 18.50 crore that it gave to its wholly-owned subsidiary, Sundaram Auto Components Ltd, last year, ...
OPEN OFFERS:
Fulford India shares up on open offer hopes
Mumbai, March 12 Shares of Fulford India moved up by more than 14 per cent on Thursday after US listed pharma companies Merck and Schering-Plough announced ...
STOCKS:
No benefits to Tata Motors from UK Govt aid to JLR
Grant will contribute only a part toward green vehicle model. Mumbai, March 12 The Tata Motors stock gained 6.8 per cent on Wednesday, after a UK government grant to Jaguar Land Rover- a subsidiary of the auto major; however, the stock’s ...
DERIVATIVES MARKETS:
Nifty options shed open interest
Chennai, March 12 Turnover remained firm at Rs 49,526 crore in the F&O segment on the NSE on Thursday. The NSE Nifty future closed at 2600.7 against the spot close of 2617.45 and added about 24.09 lakh shares in open interest positions. ...
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
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