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MARKETS
RECOMMENDATION:
Gujarat State Petronet (Rs 62.10): Buy
We recommend a ‘buy’ on Gujarat State Petronet from a short-term trading horizon. It is apparent from the charts of Gujarat State Petronet that its long-term downtrend halted at Rs 25. It formed a bullish double bottom ...
RECOMMENDATION:
Day Trading Guide
Initiate fresh long position only if DLF exceeds Rs 427, with tight stop-loss. ICICI Bank is facing key resistance at Rs 761. Utilise rallies to sell this stock with stiff stop at Rs 761. We re-affirm ...
ECONOMIC OFFENCES:
SEBI debars 26 entities from trading
Ketan Parekh role seen. Mumbai, June 4 In an order which suggests that Ketan Parekh might still be playing an active role in the stock market, the Securities and Exchange Board of India on Thursday debarred 26 entities from transaction in ...
REGULATORY BODIES & RULINGS:
Reliance MF told to withdraw ad
Mumbai, June 4 The Securities and Exchange Board of India on Thursday directed Reliance Mutual Fund and Reliance Capital Asset Management Ltd to withdraw the advertisement for their recently launched infrastructure fund, and also asked them ...
IPOS:
BSNL staff union open to discussing IPO plans
Opposed to idea of listing. New Delhi, June 4 In what could be a softening of stance, the employees union of Bharat Sanchar Nigam Ltd said that it was prepared to discuss the company’s proposal for an Initial Public ...
INVESTMENTS:
High net worth individuals back to the market
‘Existing clients are going for top-ups’. Mumbai, June 4 High net worth individuals (HNIs) are re-entering the equity markets taking a cue from recent developments, said ...
FOREIGN INSTITUTIONAL INVESTORS:
Morgan Stanley predicts strong market conditions for 2009
‘Next few quarters will be rather challenging for IT cos’. Mumbai, June 4 If the global markets do not throw in more surprises and if the Indian government does go ahead with reforms, the Sensex could be trading at the 19,000 levels ...
OUTLOOK:
Fundamentals do not support rally, says I-Sec
Coimbatore, June 4 The FIIs have pumped close to $4 billion into the equity markets in the past few months (which had driven the valuation up), but the fundamentals of the economy do not support the current equity valuations, according to ...
STOCKS:
Gujarat NRE arms’ takeover could help it double production capacity
The Australia-listed subsidiary of Gujarat NRE Coke — Gujarat NRE Minerals will make an off-market takeover offer to acquire another Australian coal producer Rey Resources, in which it is already a stakeholder. Rey Resourses has ...
DERIVATIVES MARKETS:
Unitech, RNRL see sharp jump in open interest
Chennai, June 4 Turnover remained firm at Rs 66,932.80 crore in the F&O segment on the NSE on Thursday. The Nifty future added another 26.09 lakh shares in open interest and ended with a sharp gain at 4583.75 against the spot close ...
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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