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MARKETS
RECOMMENDATION:
Texmaco (Rs 83.75): Sell
We recommend a sell in Texmaco from a short-term trading horizon. The stock was on an intermediate-term uptrend from its 52-week low of Rs 35 recorded in March till its June high of Rs 125. Subsequently, the stock reversed direction from ...
RECOMMENDATION:
Day Trading Guide
Utilise rallies to sell DLF, with tight stop at Rs 279. Fresh short-position can be initiated if ICICI Bank declines below Rs 620 and SBI tumbles below Rs 1520, with stiff stop-loss. ...
RECOMMENDATION:
Excel Infoways – IPO: Avoid
BL Research Bureau Investors can avoid subscribing to the initial public offering of Excel Infoways, a voice-based BPO, given the stiff valuation that the offer demands and uncertainties on key aspects of its ...
ASSET MANAGEMENT COMPANIES:
AMCs hike commission to push MF sales
Fund houses in a rush to beat entry-load removal. Mumbai, July 13 Asset management companies (AMCs) are paying high commissions to distributors to encourage them to sell mutual fund equity schemes before the abolishment of entry load on ...
STOCKS:
Shipping stocks sink as Baltic Dry Index drops
Essar, Mercator Lines and Great Eastern lose. Mumbai, July 13 The stocks of shipping companies have sunk between 13 and 25 per cent in the last two weeks with the drop in Baltic Dry Index (BDI) and the recessionary winds blowing across the ...
FINANCIAL SERVICES:
SEBI fiat puts mutual fund advisors in a quandary
Thiruvananthapuram, July 13 The recent order of the Securities and Exchange of Board of India (SEBI) on the mode of payment of commission to mutual fund advisors has made them a ...
FOREIGN INSTITUTIONAL INVESTORS:
All quiet on the Western front: US investors channel less to India
Chennai, July 13 According to data released by the US Bureau of Economic Analysis (BEA), outstanding secondary market investment by American investors in the rest of the world declined from $5.2 trillion to $2.8 trillion over calendar ...
STOCKS:
Gammon shares plunge but end with gain
Mumbai, July 13 Gammon India’s shares were volatile on Monday after Sunday’s accident at a Delhi Metro construction site, where a bridge collapsed killing six workers and injuring more than a ...
DERIVATIVES MARKETS:
Unitech, Suzlon see sharp accumulation
Chennai, July 13 Trading volumes slipped to Rs 50,298.51 crore in the F&O segment on the NSE on Monday against Friday’s turnover of Rs 57,891.12 ...
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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