MARKETS
FINANCIAL SERVICES
BoB to enter stock broking, float subsidiary
BANK of Baroda (BoB) plans to enter the stock broking business by floating a subsidiary, which will be hived off into a joint venture with an ally. It has initiated discussions with a few parties in its bid to identify the most suitable ...
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TECHNICAL ANALYSIS
Bulls surge ahead
THE sentiment reading of the tradable counters turned bullish. Bear domination on Thursday is likely to turn the sentiment reading in its favour. Otherwise, it is likely to continue with the added strength. Nifty futures recommendation: ...
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STOCK MARKETS
Steel stocks jump on price hike
A HIKE in long steel product prices by around Rs 1500 per tonne saw steel shares rally on the bourses. While the feel good factor generated by this encompassed even those companies not in long steel products, brokers maintain that a recovery was ...
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Neuland Shines on outlook
THE counter of the Hyderabad-based Neuland Laboratories gained on Wednesday on the back of good financial performance for the March quarter and good outlook for the current fiscal. Stock price of the company gained 4.20 per cent at Rs 162.35 ...
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Mid-cap cement firms rise on Q4 performance
MID-cap cement companies' shares have been rising during the last few days due to good financial performance in the quarter that ended in March. Brokers said investment in infrastructure sectors such as road and housing was leading to strong ...
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Shareholders oppose AstraZeneca's delisting move
IT is not the last word on the matter yet but shareholders of AstraZeneca Pharma India had their small say on Wednesday when they forced a vote on the company's resolution seeking to delist from the three bourses. The public shareholding in ...
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DERIVATIVES MARKETS
Tata Power: Outlook positive, buy May futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: Tata Power: The stock closed at Rs 382 in the spot market. The stock appears to be on a corrective phase to its recent rally ...
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COMMENTARY
Rally continues for second day
STOCKS remained firm for the second successive day on Wednesday with the BSE Sensex trading higher than the close on Tuesday through out the day's session. In the afternoon session, Sensex dipped to about 5,648, just a point higher than Tuesday's ...
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IPOS
IL&FS files red herring for IPO
IL&FS Investsmart Ltd is all set to join the likes of DSP Merrill Lynch and Geojit Securities as a "listed" investment advisory and broking company. The company has filed its draft red herring prospectus for an initial public offer of one ...
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