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MARKETS
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Nov. 24 Best & Crompton Engineering Ltd has informed that the Madras High Court has sanctioned the scheme of amalgamation of Beacon Industries & Pumps Ltd (wholly owned subsidiary) with ...
RECOMMENDATION:
Indian Oil Corporation (Rs 406.55): Buy
We recommend a buy in Indian Oil Corporation from short-term horizon. It is evident from the charts that Indian Oil Corporation (IOC) has been consolidating sideways in a broad price range between Rs 300 and Rs 450 since this July. After ...
RECOMMENDATION:
Day Trading Guide
...
FOREIGN INSTITUTIONAL INVESTORS:
Chidambaram pegs 2008-09 growth rate at 7-8%
In talks with World Bank to double loan assistance to $6 b. New Delhi, Nov. 24 After three years of plus 9 per cent growth in gross domestic product (GDP), India’s growth rate in the current year may moderate to a level between 7 and 8 ...
FINANCIAL SERVICES:
Broking houses resort to layoffs, pay cuts
Cos’ revenues decline as trading volume tumbles. Mumbai, Nov. 24 More and more employees at broking firms are being shown the door, as brokerages struggle to cut their overhead costs in a flat equities ...
STOCK MARKETS:
Citi bailout gives hope to Indian market players
Short-term sentiment positive as step suggests more aid if needed. Kolkata, Nov. 24 Dalal Street market players are hopeful that a proactive and quick bailout plan for Citigroup by the US Treasury, the Federal Reserve and Federal Deposit ...
OUTLOOK:
‘Property slowdown to have ripple effect’
This can impact economy, says Goldman Sachs. The ripple effect of a slowing property market is likely to result in a substantial impact on the Indian economy, states a report by the Asia Economics Research Team at Goldman ...
STOCKS:
Stocks of oil marketing companies perform better than benchmark
‘Companies have much better margins with oil between $50 and $60’. Mumbai, Nov. 24 Oil marketing companies stocks have gained 19 to 28 per cent in the past month when the Sensex has moved up by just 2.32 ...
FINANCIAL MARKETS:
Baring to invest $10m in Sphaera
New Delhi, Nov. 24 Baring Private Equity Partners India on Monday said it would invest up to $10 million in drug discovery and development company Sphaera ...
STOCKS:
Fem Care Pharma: Synergistic but costly buy for Dabur
Could help company expand product basket. Dabur India’s all-cash deal to acquire Fem Care Pharma for Rs 203.7 crore may bring in brands which are complementary to Dabur’s own in the personal care space and manufacturing facilities ...
DERIVATIVES MARKETS:
Short rollovers seen on stock futures
Nifty future sees 25% rollovers. Trading volumes remained moderate only at Rs 46,218.94 crore in the F&O segment on the NSE on Monday against Friday’s volume of 47696.14 crore. Generally during the expiry week, trading volumes tend to ...
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