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MARKETS
MUTUAL FUNDS:
Mutual funds see sharp shrinkage in asset base
October data show redemption pressure in liquid schemes, FMPs. Mumbai, Nov.3 October has really been a bad month for Indian mutual funds with their assets under management (AUM) seeing the sharpest fall in ...
STOCK MARKETS:
Markets recover on RBI measures
Mumbai, Nov. 3 Equity and currency markets rose on Monday, buoyed by the massive liquidity support announced by the Reserve Bank of India on ...
RECOMMENDATION:
IDFC (Rs 65.10): Buy
We recommend a buy in Infrastructure Development Finance Company (IDFC) from a short-term trading perspective. It is clearly visible from the charts of IDFC that it has been on a long-term downtrend from its January high of Rs 235 (52-week ...
RECOMMENDATION:
Day Trading Guide
The stock is facing key resistance at Rs 450. Initiate fresh short-position only if the stock reverses from the resistance level of Rs 450, with tight ...
FINANCIAL MARKETS:
Cut costs, raise productivity: PM
Industry assured of steps to sustain growth. New Delhi, Nov. 3 Public sector banks have been instructed to “act counter cyclically in the current situation to counter the general erosion of confidence” and minimise the negative ...
STOCK MARKETS:
Foreign investors switch to buy mode
Due to covering of short positions, say marketmen. Mumbai, Nov. 3 Foreign institutions have been net buyers in the last two trading sessions after two weeks of continuous ...
STOCK MARKETS:
Nifty stocks stun with 15 to 60% gains in five days
Commodity stocks rule on the list of winners. BL Research Bureau Were you intrepid enough to buy stocks when the markets plunged to a panic low last Monday? If you were, you’d already have hefty gains to show for ...
FINANCIAL MARKETS:
Looming trouble
Recession in the West is set to hit the Indian textile industry hard. The Apparel Exports Promotion Council expects a 10 per cent drop in orders due to the slowdown. When factories idle, lakhs of workers may find their wages pared, thousands ...
STOCKS:
Maruti’s compact cars pushed to a corner
Hopes on A-Star and fall in interest rates. The festival season has brought no relief to Maruti Suzuki from the slump in its sales volumes witnessed over the past few months. The company has seen an 8 per cent fall in domestic sales volumes ...
STOCKS:
Steel duty cut: Marginal difference to outlook
Move could benefit JSW Steel. The Government’s decision to withdraw the 15 per cent export duty on steel products may help make Indian steel products more competitive in the export markets, even as steel prices have corrected sharply and ...
DERIVATIVES MARKETS:
NTPC, Reliance Petro see short covering
Nifty calls turn active. Chennai, Nov. 3 Trading volume remained subdued at Rs 34,113.94 crore against Friday’s turnover of Rs 36,959.23 crore. The Nifty November future turned into premium, albeit by just about two points; it ended at ...
ANNOUNCEMENTS:
Developments
Coimbatore, Nov. 3 Bartronics India Ltd has received the SCOSTA Certification for its 64kb Smart Cards from the National Informatics Centre. This certification qualified Bartronics to supply Smart Cards for large projects requiring ...
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