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MARKETS
STOCK MARKETS:
Domestic buying lifts Sensex 788 points intra-day
Mumbai, Sept. 18 Heavy buying by domestic institutional investors and short covering pulled the Sensex up by a staggering 788 points from its intra-day low of 12,558 points ...
RECOMMENDATION:
Indian Overseas Bank (Rs 110.45): BUY
We recommend a buy in Indian Overseas Bank from a short-term trading perspective. From the charts of the bank it is clearly visible that it has been medium-term uptrend from its 52-week low of Rs 69, recorded in July. We notice an ...
RECOMMENDATION:
Day Trading Guide
The stock was volatile in the last trading session and it formed spinning to candlestick pattern indicting indecisiveness. Desist trading in this counter for the ...
MUTUAL FUNDS:
Gold ETFs gain favour; collections rise 14% in August
Hedge against uncertainty. Mumbai, Sept. 18 The high uncertainty in the financial markets coupled with the fall in gold prices last month worked in favour of the five listed gold ETFs in the country, whose collections rose 14 per cent in ...
FOREIGN INSTITUTIONAL INVESTORS:
FIIs continue selling spree
Morgan Stanley shows up an even bigger selling list. Mumbai, Sept. 18 The panicking FIIs seem to be desperate to exit their positions as it is quiet evident from the increasing list of bulk deals on both the NSE and BSE where they have been ...
ASSET MANAGEMENT COMPANIES:
India Infoline sets up offshore asset management biz based in Singapore
To offer fund management, advisory services. Mumbai, Sept. 18 Mumbai-based financial services firm India Infoline on Thursday announced the launch of an offshore asset management business to be managed by India Infoline Capital (IIFL) and will ...
RIGHTS ISSUE:
Gujarat NRE Coke proposes change in rights issue ratio
Move is to ward off hostile takeover attempts. Kolkata, Sept. 18 Gujarat NRE Coke’s sudden modification on Wednesday in its earlier proposed ratio for the rights issue of the shares with differential voting rights (DVR) did not go down ...
STOCK MARKETS:
Changing moods
...
REGULATORY BODIES & RULINGS:
SEBI slaps ban on PGFL
Mumbai, Sept. 18 SEBI has imposed a ten-year ban on Chandigarh-based PGF Ltd (PGFL), a public limited company involved in operating collective investment schemes without ...
IPOS:
Softline mulls IPO to fund expansion
Hyderabad, Sept. 18 Softline Software Services is set to expand its operations in India and some markets overseas. Engaged in sale of software products for the last 17 years, Softline last year forayed into software services. The company ...
ANNOUNCEMENTS:
Corporate Developments
Coimbatore, Sept. 18 Dalmia Cement Bharat Ltd has said that pursuant to an order of the High Court of Judicature at Madras, a meeting of the equity shareholders of the company will be convened on October 17 for the purpose ...
STOCK MARKETS:
‘No settlement obligations from Lehman broking’
Mumbai, Sept. 18 The Bombay Stock Exchange (BSE) has said that there were no settlement obligations against US investment banking firm Lehman Brothers’ Indian subsidiary Lehman Brothers Securities Pvt Ltd (LBSPL) and it shall continue ...
STOCKS:
New norms may slow road order flows
RFQ to ensure that only serious players can bid. The contention over the “Request for Qualification” (RFQ) document prescribed for public private partnerships (PPP) in road projects hold the risk of delaying order flows in the road ...
DERIVATIVES MARKETS:
Nifty index futures’ volume hits year high
Intense short covering in ICICI Bank. Turnover spurted sharply on the NSE to Rs 74,094.75 crore against Wednesday’s volume of Rs 58,546.48 crore in the F&O segment. The volume of contracts traded for Index futures at 12.94 lakh was the ...
STOCKS:
Lehman exposure not to impact ICICI Bank much
Bigger risk could be its other US investment banks. The shares of the country’s largest private bank – ICICI Bank took a knock over the last couple of days on the back of the credit turmoil in the US. ICICI Bank has stated that its ...
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