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MARKETS
STOCK MARKETS:
Sensex tanks 400 as FII selling continues
Mumbai, July 8 The Sensex dropped 401 points on Wednesday, only a two days after it lost close to 900 points, falling below the 14,000-mark as foreign institutional investors continued to shed ...
RECOMMENDATION:
Essar Oil (Rs 125.55): Sell
We recommend a sell in Essar Oil stock from a short-term trading perspective. It is apparent from the charts that after bottoming in early March at Rs 60, it accelerated in early April. However, following an up-move to Rs 194, the ...
RECOMMENDATION:
Day Trading Guide
The near-term outlook is bearish for DLF. We recommend a sell. Initiate fresh short-position if ICICI Bank dives below Rs 640 and SBI tumbles below Rs 1555, with tight stop-loss. ...
ASSET MANAGEMENT COMPANIES:
MF vendors may levy financial planning fee
Several AMCs have set up advisory arms. Kolkata, July 8 The scrapping of entry load might prompt traditional distributors of mutual funds to consider offering fee-based financial planning – a service that was available nearly free ...
STOCKS:
Most stocks lose despite rally after March
Chennai, July 8 The post-March rally in stocks has seen the pivotals recover some of the ground lost earlier. For the large majority of other stocks, however, it has been anything ...
STOCKS:
Oil cos’ shares rise on falling crude prices
BPCL, HPCL, IOC gain though oil and gas index falls. Mumbai, July 8 Shares of Oil Marketing Companies (OMCs) rose on Wednesday as crude oil prices fell below $62 a barrel, the lowest it has reached in a month. Although the BSE Oil and Gas index ...
NEW FUND OFFER:
Franklin Templeton’s new fund to focus on critical sectors
Mumbai, July 8 Franklin Templeton Investments (India) on Wednesday announced a new open-ended equity fund, Franklin Build ...
FINANCIAL SERVICES:
Morgan Stanley ups stake in Unitech
The stake of Morgan Stanley entities in Unitech has increased to 5.53 per cent, after it acquired 4.11 per cent additional stake. Unitech had concluded a Qualified Institutional Placement (QIP) on June 26 to raise nearly $575 million by ...
RIGHTS ISSUE:
Kingfisher Air eyes rights issue, follow-on offer
Bangalore, July 8 Kingfisher Airlines will raise funds either through a rights issue or a follow-on public offer if the FDI policy on investment in the sector ...
BUDGET:
Tax relief likely to boost commodity trading: Analysts
Kolkata, July 8 Growth in commodity trading over equity trading has been evident in recent years. Some market observers said removing tax on commodities trading, while retaining tax on securities transactions, may ...
ASSET MANAGEMENT COMPANIES:
Rel Cap arm picks up stake in Sobha Developers
Mumbai, July 8 Reliance Capital Asset Management said it has picked up a 5.09 per cent stake in Sobha Developers for Rs 104.7 ...
STOCKS:
Yet another setback for Maytas
Debt restructuring may help execute existing orders. The Andhra Pradesh Government’s announcement that it will withdraw the Hyderabad Metro Rail order awarded to the Maytas Infrastructure-led consortium comes as a setback for the ...
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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