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MARKETS
OUTLOOK:
Market players see short-term rally
Mumbai, July 22 The winning of the trust vote, by the Government, could give a boost to stocks, but that may be short-lived, as the outcome was a foregone conclusion, said ...
RECOMMENDATION:
Tata Elxsi (Rs 176.95): Sell
We recommend a sell in Tata Elxsi from a short-term perspective. It is evident from the charts of Tata Elxsi that it had been on a medium-term uptrend between March 2008 and June 2008 (from a low of Rs 138 to a high of Rs 223). ...
RECOMMENDATION:
Day Trading Guide
Initiate fresh long-position only if the stock surpasses Rs 675 level, with tight ...
STOCKS:
Maruti: Pressure on margins may remain
Nano launch could add to competition. The 20 per cent growth in net sales in the June quarter for Maruti Suzuki has been backed by a volume growth of about 12 per cent during the period, suggesting that the company has been able to push sales ...
STOCKS:
BT deal win provides revenue visibility
Tech Mahindra back to profits in June quarter. The strong deal flow from British Telecom continues for Tech Mahindra, with the announcement of a $700-million, five-year deal between the two companies. Tech Mahindra’s management has ...
ASSET MANAGEMENT COMPANIES:
Benchmark AMC plans first silver ETF
To be listed on NSE; to offer only growth option. Mumbai, July 22 Benchmark AMC has sought SEBI’s approval to launch the first Silver Exchange Traded Fund (ETF) in the country. The AMC has filed the draft offer document to launch its ...
FOREIGN INSTITUTIONAL INVESTORS:
Confusion persists over offshore derivative instruments
OCBs as FIIs: Analysts doubt whether SEBI took cognisance of RBI ban. Mumbai, July 22 Even as SEBI has appealed in Supreme Court against the SAT order in the Goldman Sachs case, there is still a lot of confusion among FII circles and their ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, July 22 Aban Offshore Ltd’s Board of Directors has approved raising of capital through issue of cumulative redeemable non-convertible preference shares on private placement basis and the same need not be ...
DERIVATIVES MARKETS:
ADAG counters in the limelight
Emergence of call writers seen. Chennai, July 22 Trading volume spurted above Rs 50,000-crore in the F&O segment on the NSE on Tuesday’s Rs 54,100.84 crore against Monday’s turnover of Rs 43,942.21 crore. The Nifty July future ...
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