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MARKETS
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Sept. 16 Aban Offshore Ltd has informed that a subsidiary of the company has signed an agreement for the deployment of semi-submersible rig Aban Pearl offshore Latin America, for a five-year ...
RECOMMENDATION:
Entertainment Network (Rs 276.15): Buy
We recommend a buy in Entertainment Network India from a short-term horizon. It is evident form the charts of Entertainment Network that it has been on a long-term down trend from a high of Rs 700, its 52-week high recorded in early ...
RECOMMENDATION:
Day Trading Guide
The near-term stance is negative for the stock. Sell the stock in rallies with stiff stop-loss at Rs ...
MUTUAL FUNDS:
Value of AIG’s India mutual funds falls by 7%
‘No redemption pressure seen’. Kolkata, Sept. 16 AIG, which is facing liquidity crisis, has seen NAV of its two Indian mutual funds go down in September by around 7 per cent. It has two plans called AIG India Equity ...
STOCK MARKETS:
250 stocks hit new year lows on NSE
Chennai, Sept. 16 With the market falling sharply, the number of stocks hitting year lows has been on the ...
STOCK MARKETS:
Sensex recovers on liquidity injection
Mumbai, Sept. 16 Still reeling from turmoil in the global financial sector, the stock markets opened in the red on Tuesday, but recovered all its losses as several central banks worldwide stepped in inject liquidity, and also on expectations of ...
OPEN OFFERS:
Emami open offer price revision
Provides attractive exit for Zandu Pharma shareholders. The sharp upward revision in the open offer price by the Emami group to mop up a 20 per cent stake in Zandu Pharmaceuticals provides a good exit opportunity to Zandu’s shareholders, ...
FOREIGN INSTITUTIONAL INVESTORS:
FIIs seem to be on a bulk selling spree the past week
Merrill Lynch reduces large amounts of holding in Indian firms. Mumbai, Sept. 16 FIIs have been on a big selling spree the past five days. In the last two days alone their net sales in equities has amounted to Rs 2,066 crore. The Sensex has ...
DERIVATIVES MARKETS:
NSE currency futures trade soars close to one lakh contracts
Mumbai, Sept. 16 Currency futures trade on NSE saw trades of nearly one lakh contracts, the highest since its launch last month. “Currency futures saw a trading volume of Rs 456.88 crore arising out of 97,642 contracts,” said an ...
STOCK MARKETS:
Bankex rebounds on value buying
State Bank leads recovery. Mumbai, Sept. 16 The BSE Bankex rebounded on value-buying to close up 0.89 per cent on Tuesday. Though the index was in the red till the last hour of trading, analysts said that the “good advance tax figures of ...
BUYBACK:
Sasken buyback hearing adjourned
Mumbai, Sept.16 The Securities Appellate Tribunal (SAT) on Tuesday adjourned the final hearing in Sasken Communication share buyback case to ...
DERIVATIVES MARKETS:
Reliance Petroleum sheds 56.8 lakh shares
ICICI Bank adds more short positions. Chennai, Sept. 16 Turnover in the F&O segment on Tuesday dipped marginally to Rs 56,509.6 crore against Monday’s turnover of Rs 61,125 ...
STOCKS:
Cost pressure to ease for cement manufacturers
Falling coal price to improve operating margins. The recent fall in coal prices may bring some relief to the margins of cement companies, compared to the preceding quarters. Having taken cues from falling oil prices, global coal prices have ...
STOCKS:
NCCL promoters’ stake up
AVSR Holdings Pvt Ltd, an investment company belonging to the promoters group of Nagarjuna Construction Company Ltd (NCCL), has acquired 3,53,675 equity shares of Rs 2 each of the company from the market. The acquisition of shares amounted to ...
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