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MARKETS
STOCK MARKETS:
‘Health’ talks lift gloomy market
Sensex closes 2% higher after opening sharply lower. Mumbai, Sept. 30 Domestic equities that opened sharply lower on Tuesday following the failure of the US financial bailout package, bounced back on reassurance from the financial ...
FINANCIAL MARKETS:
Chidambaram, Bhave calm investor nerves
New Delhi, Sept. 30 Indian stock market indices on Tuesday bucked global slide in stock prices, thanks to the unequivocal assurances from the Union Finance Minister, Mr P. Chidambaram, and the SEBI Chairman, Mr C.B. ...
RECOMMENDATION:
Adani Enterprises (Rs 467.85): Sell
We recommend a sell in Adani Enterprises from a short-term perspective. It is evident from the charts that the stock has been in a long-term downtrend from its January high of Rs ...
RECOMMENDATION:
Day Trading Guide
Initiate fresh long-position if the stock moves above Rs 550 with tight ...
STOCK MARKETS:
‘Recovery may have come as a surprise’
Kolkata, Sept. 30 A crisis management of sort worked on the Dalal Street on Tuesday even though Wall Street was yet to find a short-term solution to the long-term ...
STOCK MARKETS:
No settlement issues at bourses: Bhave
Promises action against short-selling violators. New Delhi, Sept. 30 Amid global financial meltdown, the SEBIChairman, Mr C.B. Bhave, on Tuesday sought to comfort investors by stating that there were no settlement issues at the country’s ...
DERIVATIVES MARKETS:
Short-covering lifts Nifty futures
ICICI Bank sheds open interests. Chennai, Sept. 30 Turnover improved marginally to Rs 56,549.65 crore on Tuesday in the F&O segment on the NSE against Monday’s turnover of Rs 55,905 crore. The Nifty October future closed at 3923.15 ...
IPOS:
Pipavav Shipyard reviewing IPO plan
Wary of market mayhem; considering other options also. Mumbai, Sept 30 Pipavav Shipyard, promoted by SKIL Infrastructure, is having second thoughts on going ahead with its proposed $150-million IPO in the wake of the recent tremors on Wall ...
MUTUAL FUNDS:
Arbitrage funds fare better than peers since January
Funds capitalised on market fall & earned six per cent. Mumbai, Sept. 30 A fairly new category of funds has managed to outperform most other categories of mutual fund schemes since ...
BUYBACK:
DLF board gives nod for buyback; date set next week
Plans to mop up to 2.2 crore shares at maximum price of Rs 600. New Delhi, Sept. 30 India’s largest real estate company DLF Ltd is expected to start the buyback of its shares next ...
MUTUAL FUNDS:
Insurance cover for MF products
Life Insurance Council had decided to continue the offer of group insurance cover on mutual fund products.Earlier, the council, the apex body of life insurance companies, had decided to discontinue the offer of group life insurance covers ...
STOCKS:
Federal Bank keen to raise CSB stake
Kochi, Sept. 30 In a non-predatory move that dovetails well into its long-term growth strategy, Federal Bank has shown interest in acquiring stake in the Thrissur-based Catholic Syrian ...
ANNOUNCEMENTS:
Corporate developments
Amrutanjan Ltd has convened a meeting of the board of directors on October 11 to consider and approve the proposal for buy-back of ...
FINANCIAL SERVICES:
RMoney gets merchant banking permit
New Delhi, Sept. 30 Reliance Money, a broking and distribution house and part of the Reliance Anil Dhirubhai Ambani Group, on Tuesday announced that it has obtained Category-I Merchant Banking License from ...
PEOPLE:
SAT member to retire on Oct 15
Mumbai, Sept. 30 The Securities Appellate Tribunal (SAT) may have to function with only one member if the Government doesn’t appoint a replacement for the sitting member, Mr Arun Bhargava, who retires on ...
STOCKS:
ALL new foray may help beat slowdown
Domestic distribution network stands in good stead. Ashok Leyland’s diversification moves — first into the light commercial vehicle segment (LCV) in a joint venture with Nissan and now into the manufacture of construction equipments ...
STOCKS:
Subex’s deal with BT helps in revenue growth
Winning $50-million order boosts guidance. Subex’s $50-million order win with British Telecom provides long-term revenue flow for the company and also provides a boost towards achieving its 2008-09 revenue ...
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