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MARKETS
FOREIGN INSTITUTIONAL INVESTORS:
Sensex surges 781 points even as FIIs remain net sellers
Measures to infuse liquidity worldwide buoy markets. Mumbai Oct. 13 Domestic stocks bounced back on Monday aided by heavy short covering as governments worldwide stepped up measures to increase liquidity in the world ...
FOREIGN INSTITUTIONAL INVESTORS:
Banish fear: Chidambaram
The Finance Minister, Mr P. Chidambaram's promise of more measures to infuse liquidity coupled with his advice that there was no reason at all for investors to act in haste or to give room for panic helped lift the benchmark Sensex by 781 points ...
RECOMMENDATION:
Indian Hotels Company (Rs 59.95): Buy
We recommend a buy in Indian Hotels Company from a short-term horizon. It is clearly evident from the charts of the company that it has been on long-term downtrend from it January peak of Rs 163, forming lower peaks and lower ...
RECOMMENDATION:
Day Trading Guide
Initiate fresh long-position if the stock exceeds Rs 455, with tight ...
STOCKS:
Blue chips see only marginal cuts in FII stakes
BL Research Bureau Foreign institutional investors (FIIs) have sold Rs 1,89,000 crore worth of Indian stocks on a gross basis and Rs 11,000 crore on a net basis, in the July-September ...
COMMENTARY:
Not all defensive stocks were safe
It a well-known fact that defensive stocks from sectors such as fast-moving consumer goods and pharma tend to register lower declines in times of market turmoil. But do you know that only those defensives that did not run up in 2007 have held ...
STOCKS:
ICICI Bank seeks thorough probe into ‘erroneous’ SMS
Complaint filed with economic offences wing in Mumbai. Mumbai, Oct. 13 ICICI Bank has sought a detailed investigation into messages posted on some Internet blogs and Web sites, which it said had circulated false rumours and wrong information ...
RIGHTS ISSUE:
Hindalco estimates poor response to rights issue, awaits details
Five underwriters may have to chip in to pay co’s bridge loan. Mumbai, Oct. 13 Given the turbulent market conditions, Hindalco Industries may have received a lukewarm response from retail and institutional investors for its rights issue ...
STOCKS:
Saimira’s promoter increases stake by 2.5%
Mops up 70.45 lakh shares at Rs 200/share. Chennai, Oct. 13 Mr P.S. Saminathan, Chairman and promoter, Pyramid Saimira group, has bought 70.45 lakh shares of the company from two promoters at a price of Rs 200 ...
STOCKS:
Coimbatore police registers case
Coimbatore, Oct. 13 The Coimbatore police have registered a case against “unknown accused” relating to the spreading of rumours about the financial health of ICICI Bank, the shares of which witnessed huge selling pressure in ...
STOCK MARKETS:
Unbelievable?
...
STOCKS:
ICICI Bank share closes up by 16%
Mumbai, Oct. 13 After its relentless battering on the bourses since the beginning of this month, ICICI Bank saw investors back at its ...
ANNOUNCEMENTS:
Corporate developments
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STOCKS:
NIM improves despite higher cost of funds
Axis Bank could face heat from agri, retail segments. Axis Bank’s September quarter (Q2FY09) results came as a positive at a time when banks were expected to take a hit on profitability to gain market share in advances and ...
DERIVATIVES MARKETS:
Nifty Nov future premium jumps
NSE volatility index rises sharply. Despite the strong rally on Monday, the turnover witnessed a steep fall to Rs 40,624.27 crore in the F&O segment on the NSE against Friday’s turnover of Rs 48,279.24 crore. The Nifty October future ...
STOCKS:
Winning e-Governance deal a shot in arm for TCS
Expands domestic footprint for firm. TCS’ deal with the Ministry of External Affairs represents its continued penetration into the domestic e-governance spends. This helps expand its Indian footprint, which contributes 8.7 per cent of its ...
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