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MARKETS
FOREIGN INSTITUTIONAL INVESTORS:
Markets on a song
FIIs turn big net buyers even as domestic institutions book profit. Mumbai, July 23 The stock markets on Wednesday greeted the Manmohan Singh Government winning the confidence vote with a six per cent gain in the benchmark indices, but ...
RECOMMENDATION:
Steel Authority of India (Rs 146): Buy
We recommend a buy in Steel Authority of India (SAIL) from a short-term perspective. From the charts of the SAIL, we see that it was on an intermediate-term downtrend from its December 2007 high of Rs 292 to its July 2008 low of Rs 117. ...
RECOMMENDATION:
Day Trading Guide
The stock is currently facing the resistance at Rs 750. Fresh long-position can be initiated, only if the stock moves above Rs 750, with a tight stop ...
STOCKS:
Thermax delivers Q1 nos in line with expectations
Growth in order book belies fears of slowdown. The first quarter performance of Thermax was in line with expectations, belying fears of any significant slowdown in growth. ...
STOCK MARKETS:
‘Favourable’ political equation lifts ADAG stocks
Marketmen advise caution on some group stocks. Anil Dhirubhai Ambani group (ADAG) stocks recovered smartly on short covering, fresh buying and, in some counters, growth in outstanding long positions. ...
STOCKS:
Lupin leaps on robust numbers
Strong in both local and overseas businesses. Lupin’s June-quarter consolidated net profit doubled to Rs 112 crore boosted by a strong performance in both its local and international businesses. ...
OUTLOOK:
Market experts doubt sustainability of current rally
Just a euphoric reaction to UPA’s winning the trust vote. Mumbai, July 23 The nearly 6 per cent gain for the Sensex on Wednesday appears to be more of a euphoric reaction to UPA’s winning the trust vote in Parliament rather than on ...
STOCKS:
Bank stocks gain on hopes of better reforms process
There has been a bit of short covering too. Mumbai, July 23 Banking stocks soared on Wednesday as reform prospects for the sector was expected to get a fillip after the Government won the vote of ...
IPOS:
Nu Tek India IPO price band fixed at Rs 170-192
Offer to open on July 29 and close on August 1. Mumbai, July 23 Nu Tek India Ltd, a telecom infrastructure services provider offering infrastructure roll-out solutions to wireless and wire line telecommunications networks, announced its foray ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, July 23 Housing Development & Infrastructure Ltd has fixed August 22 as the record date for issuing bonus shares in the ratio of 2:7. ...
STOCK EXCHANGES:
M. L. Soneji joins BSE as COO
Mumbai, July 23 Mr Mahesh L. Soneji has joined the Bombay Stock Exchange as Chief Operating Officer. ...
DERIVATIVES MARKETS:
Nifty futures see addition of fresh longs
ADAG counters maintain momentum. Chennai, July 23 Turnover on Wednesday jumped to Rs 68,010.68 crore in the F&O segment against Tuesday’s turnover of Rs 54,100 crore. All the three contracts – July, August and September – ...
STOCKS:
Sadbhav to consider stock split
Sadbhav Engineering Ltd’s board of directors will meet on July 29 to consider the sub division of equity shares of company. —Our ...
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