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MARKETS
RECOMMENDATION:
Pantaloon Retail India (Rs 274.20): Sell
We recommend a sell in Pantaloon Retail India from a short-term perspective. From the charts of the Pantaloon Retail we observe that it has been on a long-term term downtrend from its all-time high of Rs 875, marked in January. The stock has ...
RECOMMENDATION:
Day Trading Guide
Desist trading in this counter for the session as the stock is in a sideways ...
STOCK MARKETS:
HNIs in India up 23%: Study
‘Economy expansion, foreign investment help in wealth creation’. Mumbai, Sept 25 The number of High Networth Individuals (HNIs), with investible surplus of more than $1 million, in India has gone up by 23 per cent to 1.23 lakh as of ...
RIGHTS ISSUE:
SEBI to extend ASBA facility to rights issue
Available to retail investors, financial institutions. Mumbai, Sept. 25 The Securities and Exchange Board of India has decided to extend the ‘Applications Supported by Blocked Amount’ (ASBA) facility to rights issues. On a pilot ...
STOCK MARKETS:
Choppy market drives investors to take cover in defensive sectors
FMCG index managed to outperform the Sensex. Mumbai, Sept. 25 As the markets remain choppy investors seem to be taking cover in defensive shares such as the FMCG sector. While the Sensex has tanked close to 7 per cent in the past month, the FMCG ...
RIGHTS ISSUE:
Suzlon Energy considers rights issue to raise Rs 1,800 cr
Suzlon Green Power announces $5 b for green energy assets. Mumbai, Sept. 25 Suzlon Energy Ltd (SEL) will consider a rights issue of equity shares to raise Rs 1,800 crore. The company’s board is scheduled to meet on Saturday to consider the ...
MUTUAL FUNDS:
Religare AEGON gets SEBI nod to launch mutual fund biz
Religare AEGON Asset Management Company on Thursday announced that it has received the final regulatory approval from the Securities and Exchange Board of India (SEBI) to launch mutual fund business in the country. The AMC is looking at ...
STOCKS:
Tata Steel sees one crore shares changing hands in block deals
Mumbai, Sept. 25 Tata Motors on Thursday sold shares of Tata Steel Ltd in two separate block deals, according to the data ...
DERIVATIVES MARKETS:
Rollover of Nifty open interest positions slips to 57%
Akruti future trades with huge discount; remains volatile. Chennai, Sept. 25 Trading volume improved on the settlement day of September series to Rs 82,698 crore from Wednesday’s figure of Rs ...
STOCKS:
IFC loan: A shot in the arm for Idea Cellular
To rollout services in Bihar, introduce pocket PCOs. BL Research Bureau IFC (International Finance Corp), the World Bank’s investing arm, has given a shot in the arm for Idea Cellular to rollout its services in Bihar by extending a loan of ...
STOCKS:
Shriram EPC order win proves it’s in big league
Shriram EPC has won two orders worth Rs 315 crore from SAIL for its Rourkela plant. The first order, which involves the complete designing to erection and commissioning of coal chemical plant, would be executed in consortium with ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Sept. 25 Akruti City Ltd has, with reference to a report about Barclays Capital having acquired a stake in Akruti City Ltd (ACL) from the promoters of ACL for approximately Rs 350-400 crore, clarified that ...
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