MARKETS
ANNOUNCEMENTS
Corporate developments
Astra Microwave Products Ltd has received an order for Rs 21.6 crore for design, development, testing, installation and commissioning of Transmit Receive Modules and MET Towers from ISRO Telemetry Tracking and Command Network ...
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MUTUAL FUNDS
Oriental Bank in tie-up with Kotak MF
Mumbai, March 3 Kotak Mahindra Asset Management Company has entered into a tie-up with Oriental Bank of Commerce for the distribution of its mutual funds through the bank’s branches across the country.Under a memorandum of ...
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STOCKS
‘Loan waiver not to hit banks’
Mumbai, March 3 Mr T.S. Narayanasami, Chairman and Managing Director, Bank of India, said, “There is no need for any apprehension that the profitability of banks will get affected following the proposal to waive off Rs 60,000 crore farm ...
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ITC, Godfrey Phillips decline on excise duty hike
Kolkata, March 3 Market is groping in a smoke-haze of sorts to figure out and price in the possible injuries to the balance sheets of cigarette makers who produce non-filtered smoke sticks.Of the four prominent players, non-filtered ...
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ABL Biotech to raise $7 m through GDR
Chennai, March 3 ABL Biotechnologies Ltd plans to raise $7 million (Rs 28 crore) through a GDR issue, according to information provided by the company to the stock exchange.Mr K.O. Isaac, Managing Director, ABL Biotechnologies Ltd, said ...
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Budget bounty shields healthcare, auto, FMCG from carnage
Tax holiday, revision in tax slabs and lower excise on cars help
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IMPACT
TCS -Nokia Siemens Networks deal
Signifies climb-up in value chain
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IMPACT
Jain Irrigation on acquisition mode
Gets access to superior technology
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Deccan Aviation fund raising plans
Deccan Aviation has said in a notice to the Bombay Stock Exchange that an extra-ordinary general meeting will be held on March 18 to discuss the issue of raising funds up to worth Rs 1,600 crore and increase the authorised share capital of the ...
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TECHNICAL ANALYSIS
Bears prevail
Bears prevailed over Monday’s trading activity. The sentiment reading of the tradable counters remains bearish. Bull domination on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the current sentiment ...
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STOCK MARKETS
Sensex tanks 900 pts on weak global, domestic sentiments
Bank stocks badly hit on uncertainty over farm loan waiver
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Not as decoupled as we think we are: Chidambaram
New Delhi, March 3 The Finance Minister, Mr P. Chidambaram, on Monday said that the Indian economy was “not as decoupled as we think we are”, hinting that the decline in local share market indices could have come on the back of ...
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DERIVATIVES MARKETS
NSE introduces long-term options on Nifty
Mumbai, March 3 National Stock Exchange has introduced trading in long-term options on S&P CNX Nifty Index on Monday. The S&P CNX Nifty Index has an Rs 15,000 crore daily average turnover.Until now only three months contract ...
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Sharp drop in open interest of stock futures
Essar Oil open position tumbles 24%
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RECOMMENDATION
Day Trading Guide
The stock conclusively penetrated the 200-day moving average and tumbled on Monday. We recommend a sell in this counter. Infosys We are bearish in this counter in the short-term and maintain our sell ...
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TODAY'S PICK (Latest Audio: English
| Tamil)
Century Textiles (Rs 757.80): Sell
We recommend a sell in Century Textiles & Industries from a short-term perspective. From the charts of this company, we note that it has been on a medium-term downtrend from its 52-week high of Rs 1,275 (marked on January 7). We also see ...
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IPOS
Gammon Infrastructure IPO price band at Rs 167-200
Mumbai, March 3 Gammon Infrastructure Projects Ltd (GIPL), a company promoted by the Gammon Group, is entering the capital market with an initial public offering of 1,65,50,000 equity shares of Rs 10 each.The issue which is being made ...
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Sita Shree Food price band at Rs 27-30
Mumbai, March 3 Sita Shree Food Products Ltd, a wheat and pulses processor and supplier of products to retail industries, on Monday announced that it would be entering the capital markets with an IPO aggregating Rs 31.50 crore. The issue will ...
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