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MARKETS
RECOMMENDATION:
Praj Industries (Rs 201.65): Buy
We recommend a buy in Praj Industries from a short-term perspective. It is apparent from the charts that the stock has been on a medium-term uptrend from its March 2008 low of Rs 100, which is a significant support level. However, the stock ...
RECOMMENDATION:
Day Trading Guide
The near-term outlook for the stock is bearish. We recommend a sell in this counter. ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, July 28 Camlin Ltd has fixed August 29 as the record date for the subdivision of equity shares of face value of Rs 10 each into ten shares of Re 1 each. ...
STOCKS:
Slowdown pushes broking firms to cut costs
Expansion and recruitment plans on slow path. Mumbai, July 28 With the Sensex dipping almost 40 per cent from its peak at the beginning of the year and volumes traded on the BSE dropping almost 20 per cent in the last six months, it is no ...
INSIGHT:
Most ULIPs under-perform Nifty
Chennai, July 28 Equity mutual funds have not managed to contain the declines in their NAV well during the recent market fall, with majority of them trailing the broad market. But did equity-oriented unit-linked insurance plans (ULIPs) from ...
STOCK MARKETS:
Markets discount modest hike in interest rate
May move in a positive direction after RBI announcement. Mumbai, July 28 Equity analysts feel there could be a modest hike in the interest rate in the Reserve Bank of India’s (RBI) quarterly review of the monetary policy on Tuesday and ...
INVESTMENTS:
Meet today to decide on EPFO fund managers
10 qualified bidders in the race. New Delhi, July 28 Efforts by two private sector asset management companies – HDFC AMC and Birla Sun Life AMC – to provide fund manager services gratis for the Employees Provident Fund Organisation ...
NEW FUND OFFER:
ING Investment launches fund of funds on global commodities
Mumbai, July 28 ING Investment Management India has announced the launch of its open-ended fund of funds scheme called ‘ING Optimix Global Commodities ...
STOCKS:
HDFC Bank: Challenging road ahead
Concerns remain on merger with Centurion Bank. HDFC Bank has displayed a good set of numbers after lacklustre numbers from private sector peers such as Kotak Mahindra Bank and ICICI Bank. Though the bank’s June quarter for 2008-09 is not ...
DERIVATIVES MARKETS:
NSE volatility index jumps to 54
SBI, ICICI Bank shed open interests. Chennai, July 28 Despite this being the settlement week for July contracts, turnover slipped to Rs 45,000.9 crore on Monday against Friday’s turnover of Rs 53,163.45 crore. The July Nifty Future ...
STOCKS:
Ranbaxy: Authorised generic boost
To show up in next quarter’s earnings. The Ranbaxy stock closed nearly 3 per cent up on Monday after the company launched generic Omeprazole capsules (to mainly treat ulcer) through its US subsidiary. ...
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