MARKETS
MUTUAL FUNDS
Kotak Mahindra MF mops up Rs 344 cr from initial offer
KOTAK Mahindra MF has mobilised Rs 344 crore from the initial public offer of Kotak Global India, which opened for subscription on December 22. The IPO has drawn over 28,000 applications, with the average size of subscription at more than Rs 1 ...
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HSBC India fund crosses $1-b mark
THE India-dedicated fund managed by HSBC has crossed the $1 billion- mark, emerging as probably the biggest outfit of its kind. The last count puts its size at $1.1 billion , with European institutional investors accounting for a key portion ...
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Standard Chartered MF files offer document for Grindlays saving scheme
STANDARD Chartered Mutual Fund has filed the offer document for the Grindlays fixed savings scheme with SEBI. This is a closed-end income scheme investing 100 per cent in debt instruments. The scheme will open weekly between January and ...
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TECHNICAL ANALYSIS
Volatile movement
BEARS exerted pressure during the initial hours of Thursday's trading. During the mid-session of trading, bulls made a strong comeback to recoup their losses. However, bears regained control towards the end of the day's activity and brought about ...
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STOCK EXCHANGES
BSE increases membership fee
IN a bid to cash in on the booming stock market, the Bombay Stock Exchange has decided to increase the minimum bid price for its membership from Rs 65 lakh to Rs 75 lakh. Earlier, the exchange had offered 27 new membership rights at a minimum bid ...
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STOCK MARKETS
Rumours rock market; Sensex sheds 165 points
IT was roller coaster movement for the stock market on Thursday as stock prices fell for third day in a row. In one of the most volatile day in the history of Indian stock market, BSE Sensex and NSE Nifty lost three per cent, the highest fall ...
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Aurobindo Pharma shines on US hopes
IN an otherwise volatile market, the stock of Aurobindo Pharma, a leading cephalosporins player, held firm amidst good volumes. The stock ended the day at Rs 387.85, up 5.47 per cent, with around 85,259 shares traded on the BSE. On the NSE, the ...
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Numbers fail to enthuse Tisco, Tata Motors
IN the midst of crash in the stock market, the market seems to be ignoring the good results. This was seen on Thursday in market's most-sought stocks such as Tata Motors and Tata Iron and Steel Company (Tisco). Both the companies announced ...
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DERIVATIVES MARKETS
BPCL: Outlook negative, short Feb futures
The following strategies are based on Thursday's trading in the spot and the derivatives segments on the NSE: BPCL: The stock closed at Rs 443 in the spot market. The outlook on the stock is negative. The downside price target is Rs 408. ...
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COMMENTARY
Sensex crashes on a choppy day
NEGATIVE sentiment prevailed in the markets on Thursday as the benchmark BSE Sensex closed lower for the third trading day in a row. Volatile trading activity marked the day as the 30-stock index fell by 164.45 points (2.86 per cent) to settle ...
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ECONOMIC OFFENCES
Ambanis cleared of `insider trading' in L&T-Grasim deal
THE Ambanis have been given a clean chit by the SEBI committee which went into allegations of insider trading in the purchase of shares in Larsen & Toubro and subsequent sale to Grasim Industries in November 2001. "... ..unpublished price ...
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