MARKETS
MUTUAL FUNDS
Sundaram MF plans small-cap fund
SUNDARAM Mutual Fund has warmed up to the idea of investing in small-cap counters, courtesy a scheme that will try to achieve capital appreciation by chiefly allocating to stocks that can be categorised as `small-cap.' It has sent the draft offer ...
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STOCKS
Ashok Leyland board okays share split plan
ASHOK Leyland's board has approved two resolutions, one to subdivide the company's Rs 10 equity shares into 10 shares of Re 1 each, and another to allow shares to be reconverted into Global Depository Receipts. Explaining the implication of the ...
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TECHNICAL ANALYSIS
Bear onslaught
FOR the second successive trading day, bears had their total say over Tuesday's trading activity. This resulted in leaving the bulls stranded. The sentiment reading of the tradable counters stands absolutely bearish with no uptrend counters. Bull ...
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STOCK EXCHANGES
Changes in BSE Bankex
Under this, the index committee of the exchange has excluded ING Vysya Bank from the index and included Kotak Mahindra Bank, UCO Bank, Indian Overseas Bank and J&K Bank, the exchange said in a statement. The changes will come into effect from ...
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STOCK MARKETS
Sensex yo-yos, down 75 points
JITTERY investors took the stock market on a yo-yo trip on Tuesday even as the Finance Minister, Mr Jaswant Singh, unveiled a typical election-year interim Budget that contained enough goodies for voters but also took care not to disturb the ...
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Punjab Tractors set to gain from better industry outlook
AN improved industry outlook is expected to augur well for Punjab Tractors Ltd, which has of late been inching up on the bourses. Notwithstanding the stock's performance on Tuesday, brokers believe that declining inventory levels has infused an ...
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ONGC slips on IPO concern
THE counter of Oil and Natural Gas Corporation (ONGC) is on a downslide over the last few days in line with the overall market. However, the fall in the price is much more than Sensex and Nifty. If the market talk is to be believed, selling in ...
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Shipping stocks float on tonnage tax plan
SHIPPING stocks floated up on the major bourses on Tuesday largely because of the announcement by the Finance Minister that corporate tax for shipping companies would be migrating to an asset-based system (registered tonnage) from a profit-based ...
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DERIVATIVES MARKETS
Outlook negative for HCL Tech, PNB
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: HCL Tech: The stock closed at Rs 300 in the spot market. The outlook appears negative, but the downtrend will be confirmed if ...
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COMMENTARY
Sharp sell-off in mid-cap stocks
THE bout of profit booking in mid-cap stocks continued on Tuesday. The CNC Midcap 200 Index declined by a steep five per cent. About 300 stocks, most of them from the mid-cap and small-cap genre, shed more than eight per cent. Even stocks ...
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INCOME TAX
Capital gains sop extension welcomed
THE extension of capital gains exemption for retail investments in listed equities has been hailed as a welcome move that will increase participation in the equity markets.As per this extension, investors who hold equities that are part of ...
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