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MARKETS
STOCK MARKETS:
Market tanks on rate hike blow
Mumbai, July 29 The RBI’s higher-than-expected repo rate and CRR hikes came as a total surprise to investors, triggering a 500-plus point fall in the Sensex on Tuesday. ...
RECOMMENDATION:
IDFC (Rs 88.80): Sell
We recommend a ‘sell’ in Infrastructure Development Finance Company (IDFC) from a short-term perspective. It is evident from the charts of IDFC that the stock has been on an intermediate-term downtrend from its January 2008 peak of Rs ...
RECOMMENDATION:
Day Trading Guide
On Tuesday, the stock plunged 8 per cent on heavy volume. Fresh short-position can be initiated if the stock declines below Rs 592 with stiff stop-loss. ...
STOCK MARKETS:
Bad news for stocks, cheer for debt investors
With yet another round of policy rate hikes and talk of ‘aggregate demand pressures’, the RBI’s latest policy review signals that the central bank is willing to pull out all stops to battle inflation, even if this means ...
STOCK MARKETS:
Rate hike: Banks’ bond portfolios may see loss
Increase in PLR likely to slow advances growth. The latest round of rate increases by the RBI (repo rate by 50 basis points and cash reserve ratio by 25 basis points), are set to take both the rates to 9 per cent. ...
STOCKS:
Hindustan Unilever survives market scare
Fundamentals, defensive bet come to rescue. Kolkata, July 29 In a falling market, Hindustan Unilever moved up around 3 per cent on decent buying. According to market analysts, investors bought the shares as a defensive bet. According to Mr ...
STOCKS:
Banks relying on wholesale, short-term funds to take a hit
‘Those with higher CASA ratios relatively better placed’. Mumbai, July 29 Banking stocks plunged on Tuesday as the RBI credit policy took the market completely by surprise with its higher-than-expected increase in the repo ...
STOCK MARKETS:
Negative surprise shocks market participants
Tightening was stronger than expected. Mumbai, July 29 Although the stock market was expecting a rate hike by the RBI, the magnitude of the hike took the market by surprise, as was quite evident from the 550-points drop the Sensex witnessed ...
STOCK MARKETS:
‘Retail investors should avoid choppy markets’
May be a good time to enter for long-term. Mumbai, July 29 The market tanked today as the RBI announced a further hike in both the repo rate and the cash reserve ratio. So what should a retail investor do now? ...
NEW FUND OFFER:
JP Morgan launches India Alpha Fund
JP Morgan Asset Management India Pvt Ltd on Tuesday announced the launch of its JP Morgan India Alpha Fund. The fund will open for subscription on July 31 and close on August 29. ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, July 29 Corporation Bank’s board of directors, at the meeting held on July 29, approved raising tier II bonds to the tune of Rs 1,200 crore in tranches. This is in addition to the bond issued to the tune of ...
ASSET MANAGEMENT COMPANIES:
Reliance Cap, HSBC, ICICI join SBI to manage EPFO fund
New Delhi, July 29 In a move that may have far-reaching impact on the future income of the Employees Provident Fund Organisation (EPFO), the largest provident fund in the country on Tuesday decided to induct three private sector fund managers ...
STOCKS:
E&C segment bolsters L&T results
Order inflows from power sector. Larsen & Toubro’s engineering and construction (E&C) segment was the key contributor to the robust growth in topline and earnings of the company for the quarter ended June 2008. ...
DERIVATIVES MARKETS:
Volatility index records new peak
Stock futures turn into discount. Turnover jumped to Rs 64,804.21 crore on Tuesday in F&O segment on the NSE against Monday’s turnover of about Rs 45,000 crore. Nifty July future maintained its premium over the spot close and it ...
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