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MARKETS
RECOMMENDATION:
Gammon India (Rs 82.7): Buy
We recommend a buy in Gammon India from a short-term trading perspective. It is evident from the charts that the stock’s decline from January peak of Rs 96 was arrested at Rs 50 in early March, which was just above the December 2008 low ...
RECOMMENDATION:
Day Trading Guide
We notice formation of dark cloud cover candlestick pattern in DLF signalling a reversal. We recommend a sell. Desist trading in ICICI Bank for the session. Fresh short position can be initiated if ...
STOCK MARKETS:
Profit taking pulls Sensex below 12K
Mumbai, May 6 Profit booking by the domestic institutional investors and proprietary traders led to a 178 point fall for the Sensex on Wednesday, although the Sensex touched a new seven-month high of 12,272 mid-way through a very ...
MUTUAL FUNDS:
General insurers, MFs shifting focus to commercial papers
Fallout of decline in bulk deposit rates below repo rates. Bangalore, May 6 With bulk deposit rates plunging below the Reserve Bank of India’s new repurchase rates of 4.75 per cent, general insurers and mutual funds are beginning to chase ...
STOCKS:
Shipping stocks better Sensex
Thanks to iron ore imports by China. From the market lows of March, shipping stocks have rebounded by an average 60 per cent, much higher than the Sensex’s 46 per cent gain over this ...
MUTUAL FUNDS:
New Pension Scheme: Doubts over initial success
Kolkata, May 7 Market players and mutual fund industry generally welcome the extension of the New Pension Scheme to all citizens from May ...
STOCKS:
Some Indian companies keen to list on NYSE Euronext
Executive Vice-President meeting with existing and potential clients. Mumbai, May 6 Amid the turmoil in the global financial markets, some Indian companies are keen to list their shares on the exchanges operated by NYSE Euronext, Mr Ronald Kent, ...
STOCKS:
RS Software promoters’ holding set to rise to 32%
Kolkata, May 6 Promoters’ holding in RS Software is poised to grow to nearly 32 per cent of enhanced paid-up capital by June 2010 from 22.75 per cent currently, Mr Raj Jain, Managing Director of the company, told ...
STOCKS:
Tatas sell 1.03 crore shares of TCS
The Tata group on Wednesday sold 1.03 crore shares of Tata Consultancy Services, making it one of the most traded stocks in the Nifty ...
NEW FUND OFFER:
Sahara AMC files for open ended debt scheme
Mumbai, May 6 Sahara Asset Management Company has filed a draft offer document with Securities and Exchange Board of India for an open ended debt scheme, which will be in the nature of a systematic investment plan, allowing ...
DERIVATIVES MARKETS:
Momentum counters shed open interest
Chennai, May 6 Turnover improved to Rs 57,634.57 crore in the F&O segment on Wednesday against Tuesday trading volume of Rs 52,712.16 crore. The NSE May future closed at 3631.65 against the spot close of 3625.05. It added about 10.19 ...
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
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