MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Jan. 23 Atlanta Ltd has in joint venture with ARSS has received a contract for Rs 41.63 crore in Jaipur, Rajasthan, for the construction of 12 major bridges between Dausa-Gangapur city section in connection with ...
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FINANCIAL SERVICES
Brokers now insist on demand drafts
Mumbai, Jan 23 Squeezed for funds, many brokerages are now insisting that their clients pay up by demand draft or do a bank funds transfer before accepting buy orders for shares.Mr Mahesh R., a Mumbai-based television scriptwriter, said ...
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NEW FUND OFFER
Quantum launches Gold Fund
Mumbai, Jan. 23 Quantum Mutual Fund is launching its first commodity-related offering — the Quantum Gold Fund Quantum Gold Fund is an open-ended Exchange Traded Fund, which is proposed to be listed on the National Stock Exchange of India ...
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INSIGHT
Sell-off moderates Nifty stock valuations
Multiples have shrunk nearly across-the-board
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‘Panvati bull’ responsible for the fall?
All kinds of horror stories do the rounds
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MUTUAL FUNDS
StanChart MF to focus on high margin equity products
Hyderabad, Jan. 23 Standard Chartered Mutual Fund will be focusing on high-margin products in its equity fund segment over the next two years. “StanChart MF has forayed into equity schemes two years ago after gaining a firm ground in ...
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Barjeel Geojit launches online MF service
Mumbai, Jan. 23 Barjeel Geojit Securities, Dubai, the largest mobiliser of investments in Indian mutual funds and equity services from the UAE, has announced the launch of its “Mutual Fund Online.” This is a service that ...
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STOCKS
Shree Renuka stock split okayed
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Day Trading Guide
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Phoenix Mills to merge with Ruia Real Estate
Mumbai, Jan. 23 The board of Phoenix Mills Ltd has approved the amalgamation of Ruia Real Estate Development Company Pvt Ltd (RREDCPL) with the company. Accordingly, RREDCPL shareholders holding six equity shares will be issued 11 equity ...
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TECHNICAL ANALYSIS
Bear run arrested
Bear run was arrested during Wednesday’s trading activity. The sentiment reading of the tradable counters changed to bullish. Bear move on Thursday is likely to change the sentiment reading in their favour. On the contrary, the ...
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STOCK EXCHANGES
Satyam lists its ADS on Euronext
Hopes to earn higher revenues from Europe
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STOCK MARKETS
MF investors take meltdown in their stride
Chennai, Jan. 23 While retail investors in the derivative segment got butchered during the last few days and were forced to cut their positions, and those in the cash segment too witnessed a lot of trauma, those investing in mutual funds, ...
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Value-buying props up momentum stocks
Liquidity improves, institutions turn aggressive buyers
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Smart recovery by mid- and small-cap stocks
Mumbai, Jan. 23 Mid-cap and small-cap stocks along with the Benchmark index made a smart recovery from the carnage of the past two days. Though the mid-caps outperformed the Sensex, the small-caps underperformed on Wednesday. The former was up ...
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REGULATORY BODIES & RULINGS
Retail investors left out of market rally
Limits on trading irk genuine retail clients
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RECOMMENDATION
TODAY'S PICK
Petronet LNG (Rs 73.90): Buy
We recommend a buy in Petronet LNG at current market price for a medium-term prospective. From the charts of Petronet LNG, we note that the stock had steep decline in a short span of less than two weeks from its all-time high of Rs 121 (recorded ...
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IPOS
Don’t stub out listing gains with a greenshoe
With investors falling over themselves for a share of shares on offer in IPOs, its ripple effects are palpable in the secondary market as well. The QIBs (Qualified Institutional Buyers) who lose out in the book-building sweepstakes often are ...
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Emaar MGF to float REIT in 2 years
New Delhi, Jan. 23 Exuding confidence that the company’s long-term growth prospects will prompt a strong investor response for its Rs 7,000-crore upcoming public issue, real estate company Emaar MGF today said it is looking at floating ...
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Acme Tele Power IPO gets 5/5
Mumbai, Jan. 23 Crisil has assigned a Crisil IPO Grade ‘5/5’ to the proposed initial public offering of Acme Tele Power Ltd (ATPL). This is the highest grading given by Crisil. This grade indicates that the fundamentals of ...
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OUTLOOK
Sensex rebounds with 864-pt gain but optimism guarded
Realty shines most, followed by power, oil and gas sectors
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