MARKETS
PREFERENTIAL ALLOTMENTS
Pref issue: Hindalco board meet today
MUMBAI: The board of Hindalco Industries Ltd will meet on Friday to consider a proposal to issue shares or equity linked instruments on a preferential basis, the company informed stock exchanges on Thursday. The notice from the Aditya ...
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NEW FUND OFFER
Benchmark Gold ETF launch on NSE in a few weeks
The country's first Gold Exchange Traded Fund (Gold ETF), promoted by Benchmark Asset Management Company, has managed to collect a corpus of Rs 100 crore. The ETF is expected to be launched on the National Stock Exchange in a couple of weeks' ...
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MUTUAL FUNDS
PAN for mutual fund investors
The Mutual Fund Identification will be withdrawn effective March 2. This follows the Finance Minister's announcement in the Budget that PAN will be the sole identification number for all participants in the securities market. Association of ...
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Budget could fuel fund investment in infrastructure sector
The Union Budget could fuel investments in the infrastructure sector by permitting mutual funds to launch and operate dedicated infrastructure funds. Mutual fund managers say it was unclear whether the infrastructure-dedicated funds would be ...
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STOCKS
IT stocks recover on hopes of lower MAT impact
Analysts agree fringe benefit tax on ESOP is negative
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TECHNICAL ANALYSIS
Bull domination
Bulls dominated Thursday's trading activity. However, the sentiment reading of the tradable counters remains bearish. Bull move on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish sentiment ...
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STOCK MARKETS
Markets bounce back on short covering
Information Technology stocks rebound
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`Level playing field for domestic players vs FIIs'
Increase in corporate dividend distribution tax a negative surprise
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COMMENTARY
Markets recover from aftershocks on value buying
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IPOS
Oil India IPO likely by Oct
Oil India Ltd (OIL) hopes to tap the capital market by October. OIL, Director (Finance), Mr T.K. Ananth Kumar, said the company has proposed a 10 per cent float to the Government and hoped to get the mandatory approvals by March-April this ...
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Indian Bank debuts at premium
The stock of Indian Bank made its debut on a volatile note on the exchanges; on the BSE at a 15.38 per cent premium at Rs 105 against its issue price of Rs 91. The stock reached a high of Rs 105 and a low of Rs 77 before closing at Rs 98.30. On ...
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