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MARKETS
RECOMMENDATION:
MRPL (Rs 49.05): Sell
We recommend a sell in Mangalore Refinery and Petrochemicals (MRPL) from a short-term trading perspective. It is clearly apparent from the charts of MRPL that after taking support at Rs 36 in early March, the stock began to trend up. The ...
RECOMMENDATION:
Day Trading Guide
DLF is experiencing selling pressure at higher levels. Initiate fresh short position if the stock declines below Rs 225, with tight stop. Fresh short positions can be initiated only if ICICI Bank dives below ...
STOCKS:
Suzlon shares fall 19% on reports of blade supply problems
Company denies prototypes were rejected by REpower. Chennai, April 16 The shares of Suzlon Energy Ltd, the largest wind turbine manufacturer in the country and the fifth largest in the world, fell nearly 19 per cent on the National Stock ...
MUTUAL FUNDS:
Banks, mutual funds lap up Tech Mahindra debt issues
10.25% coupon on NCDs, 8.50% on commercial papers prove attractive. Mumbai, April 16 The Rs 600-crore non-convertible debenture (NCD) and the Rs 275-crore commercial paper issues of Tech Mahindra have been lapped up by a clutch of mutual funds, ...
STOCK MARKETS:
Some exchange traded funds out of sync with Nifty!
UTI’s Sunder, Quantum’s QNifty end with significant premium. UTI Mutual Fund’s exchange-traded fund - UTI Sunder and Quantum Fund’s exchange-traded fund - QNifty both of which are supposed to track S&P CNX Nifty and ...
STOCKS:
Reliance’s gas production lifts investor sentiment
Stock price up by over 30% during past one month. Mumbai, April 16 The commencement of gas production from Reliance’s Krishna-Godavari basin seems to have given a boost to the investor sentiment as the stock has risen sharply during the ...
IPOS:
ASBA facility for SBT customers
Customers of State Bank of Travancore (SBT) can now use the Application Supported by Blocked Accounts (ASBA) facility while applying for an IPO. According to a release from the bank, SEBI has allowed retail investors to apply for an IPO through ...
STOCK MARKETS:
Domestic institutions book profit
Mumbai, April 16 Thursday’s trading in the stock markets saw one of the highest single day net sale of equities by the domestic funds, marking a departure from the recent buying by them witnessed over the past ...
NEW FUND OFFER:
ICICI Pru launches risk Target Returns fund
Mumbai April 16 ICICI Prudential Mutual Fund on Wednesday launched an open ended equity diversified fund, called the ‘ICICI Prudential Target ...
DERIVATIVES MARKETS:
Nifty puts shed open interests
Chennai, April 16 Amidst volatile trading condition, turnover improved further to Rs 78,509.17 crore. The Nifty future closed at 3373.7, against the spot close of 3369.5 and added about 13.77 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
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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