MARKETS
ANNOUNCEMENTS
Corporate developments
JBM Auto Ltd has entered into a 50:50 joint venture agreement with Magnetto Automotive S.P.A (Italy) for manufacture of skin panels, body and under body, welded parts and sub-systems for four-wheeler OEMs in Pune region namely ...
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STOCKS
Not a bad scorecard for Sensex stocks
A round trip to 15000 levels
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Many scrips hit 52-week lows
ICICI Bank falls to below follow-on issue price
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SBI rights issue trades close to discounted price
Mumbai, March 17 The shares of State Bank of India on Monday traded close to the discounted price the bank is offering its rights issue, due to the general downturn in the stock market. The largest bank in the country had priced its ...
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BT deal spells revenue visibility for Tech Mahindra
‘Multi-hundred million’ dollar deals in the offing
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IMPACT
Cairn India pvt placement to cover rising costs
In a stock exchange filing back in January, Cairn India spoke about “increasing cost challenges” in its project due to the general demand for engineering resources and materials. Those cost challenges appear to be behind the ...
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Tanla stock split
Hyderabad: Tanla Solutions Ltd has informed the BSE that the company’s board of directors at its meeting held on Monday approved sub-division (split) in the face value of the equity share from Rs 2 to Rs 1 each and this ...
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Zen Tech approves share allotment
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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
Bears tear stocks apart
Sensex tanks 950 points on Wall Street woes
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On selling spree
Mumbai, March 17 Bear Stearns has been selling its investments in Indian market last week itself. According to reports, the firm sold stocks of more than 25 companies on March 14. “In fact first sign of trouble brewing in Bear ...
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Unwinding of positions seen as $ weakens
Kolkata, March 17 Yen and Swiss franc firmed up on Monday as risk aversion dogged the global financial markets. Investors reduced exposure to risky assets and unwound trades funded by the Japanese and Swiss currencies. Yen and Swiss franc have ...
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Seeking divine intervention?
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Stay out in short-term, say brokers
Kolkata, March 17 Brokerages have turned more cautious on Monday in terms of the advisories to their clients in the backdrop of a gloomier picture. The broad suggestion to the retail investors appeared to be one of staying out in the ...
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FOREIGN INSTITUTIONAL INVESTORS
Bear Stearns stocks at receiving end
Forced to the brink of bankruptcy, Bear Stearns appears to have unwound a significant portion of its equity holdings in India in recent trading sessions. Notwithstanding a lower liquidity and high impact cost, BSMA (Bear Stearns Asset ...
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RECOMMENDATION
TODAY'S PICK (Latest Audio: English
| Tamil)
ING Vysya Bank (Rs 280.45): Sell
We recommend a sell in ING Vysya Bank from a short-term perspective. It is clearly visible from the charts of ING Vysya Bank that it has been on a medium-term downtrend from its 52-week high of Rs 389 (marked on January 2, 2008 ). We see that ...
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Day Trading Guide
On Monday, the stock conclusively penetrated the significant support level Rs 800, accompanied with good volume. At present, Rs 800 level act as a key resistance for the stock. We recommend a sell.InfosysIn the last trading session, the ...
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