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BUYBACK
REL board okays Rs 2,000-cr buyback at Rs 1,600/share
Mumbai, March 5 The board of Reliance Energy Ltd on Wednesday approved a Rs 2,000-crore share buyback, in a bid to shore up its market value. The company proposes to buy its own share at a maximum price of Rs 1,600 each, which is at a premium ...
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PREFERENTIAL ALLOTMENTS
Glory Polyfilms trims warrants issue size
Glory Polyfilms has completed its planned warrants issue last month, but the issue size was reduced to 16-lakh warrants instead of 26-lakh proposed. Mr Y.P. Kela, Managing Director of the company, told Business Line that ...
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FINANCIAL SERVICES
Brokerage stocks fall by 50% since January
Budget proposals, global cues aid decline
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NEW FUND OFFER
Mirae collects Rs 1,435 crore under fixed income funds
Mumbai, March 5 Mirae Asset Global Investment Management (India) Pvt Ltd said on Wednesday that it has collected over Rs 1,435 crore through its maiden fixed income funds.It garnered Rs 792 crore through the Mirae Asset Liquid Fund and ...
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STOCKS
Banking stocks still under selling pressure
Credit Suisse, Morgan Stanley downgrade sector
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IMPACT
Budget boost for pharmaceuticals sector partially neutralised
As pricing body orders 4.58% price cut
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IMPACT
Nestle India: Margins healthy despite input pressures
Poised to benefit from health, wellness segments
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TECHNICAL ANALYSIS
Volatile movement
Wednesday’s trading activity witnessed volatile movement. The sentiment reading of the tradable counters remains bearish. Bull domination on Friday is likely to change the sentiment reading in their favour. On the contrary, the ...
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DERIVATIVES MARKETS
Fresh long positions seen in Reliance, ICICI Bank, SBI
Chennai, March 5 Trading volumes dipped further in the F&O segment on the NSE on Wednesday due to a trading holiday on Thursday (Maha Sivaratri) and on indecisive market conditions. Turnover stood at Rs 33,581 crore – the lowest ...
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FOREIGN INSTITUTIONAL INVESTORS
Net FII Investment in Equities
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ASSET MANAGEMENT COMPANIES
UTI Asset Management in talks to offload 20% stake
New Delhi, March 5 UTI Asset Management Company is in advanced stages of discussion to offload a maximum of 20 per cent stake to a clutch of strategic investors through a pre-initial public offering (IPO) placement.“We have ...
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REGULATORY BODIES & RULINGS
SEBI board to review primary market issuance process
FII registration norms likely to be eased further
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3-member SEBI panel to oversee NSDL probe
New Delhi, March 5 The Securities and Exchange Board of India (SEBI) Board on Wednesday constituted a committee comprising its non-whole time members to oversee the conduct of all proceedings initiated by the regulator against National ...
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EVENTS
‘Time to invest in stocks’
The Budget has indeed de-rated Indian equity valuations. Yet this is a good time for retail investors to start investing, because India’s growth story is intact, says Mr S Naren, Chief Investment Officer, ICICI Prudential Asset ...
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