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MARKETS
RECOMMENDATION:
Amara Raja Batteries (Rs 52.90): Buy
We recommend a buy in Amara Raja Batteries from a short-term perspective. It is clearly evident from the charts of Amara Raja Batteries that it has been on a long-term downtrend from its February high of Rs 183. The stock has been forming ...
RECOMMENDATION:
Day Trading Guide
In the last trading session, the stock breached the resistance level Rs 450. The outlook remains positive as long as the stock trades above Rs 445. We recommend a ...
STOCKS:
IT shares track US elections, end in red
Analysts fear Obama win could curb outsourcing. Mumbai, Nov. 4 Failing to participate in the relief rally of the equity market on Tuesday were the IT shares, which appeared to track the US elections more than the ...
MUTUAL FUNDS:
Mutual funds: How much is the real redemption?
Mirae Asset, AIG report steep fall in asset base. BL Research Bureau Data disclosed by AMFI for October show that the assets under management for the mutual fund industry have witnessed a fall of 18.4 per cent or Rs 97,196 ...
FINANCIAL SERVICES:
Religare Enterprises to acquire Lotus India, pump in money
Analysts estimate deal to be between Rs 50 crore and Rs 150 crore. Mumbai, Nov. 4 Religare Enterprises Limited (REL) has agreed to acquire Lotus India Asset Management Company from the majority shareholders, Alexandra Fund Management, an ...
STOCKS:
Aviation stocks soar on fuel price cut
Fall in operating costs of airlines seen. Mumbai, Nov. 4 Aviation stocks were flying high on Tuesday as the State-run oil retailers cut the price of aviation turbine fuel (ATF) for the second time in a ...
MUTUAL FUNDS:
IBA’s helping hand
Slowly, the shell-shocked economy is being treated to a stream of positive signals from Mint Street and New Delhi. While the Reserve Bank of India launched a softer monetary policy with a bouquet of liquidity-boosting measures last Saturday, ...
INVESTMENT BANKING:
BMO Capital to launch investment banking
Mumbai, Nov. 4 Bank of Montreal’s financial services arm BMO Capital Markets announced on Tuesday it would launch its investment banking services in India by the ...
MUTUAL FUNDS:
India Infoline gets nod for mutual fund
Kolkata, Nov. 4 India Infoline Ltd on Tuesday announced that it has received the in-principle approval from SEBI for sponsoring mutual ...
FINANCIAL MARKETS:
Lean air traffic, angry investors… gloom is evident
Rome, Nov. 4 Evidence that Europe is in the midst of a huge economic downturn can be seen while travelling to Italy from Chennai. The second segment of the Jet Airways premier class is totally empty, while the first part has a few empty ...
DERIVATIVES MARKETS:
Suzlon adds 79.3 lakh shares in open interest
Nifty premium widens sharply. Chennai, Nov. 4 Trading volumes continued to be low at the F&O segment on the NSE at Rs 33,758.52 crore against Monday’s turnover of Rs 34,114 crore. The Nifty November future premium widened quite sharply ...
FINANCIAL SERVICES:
Lotus buy may boost Religare operations
No immediate payoffs. The acquisition of Lotus India AMC by Religare Enterprises may allow a quicker scaling up of Religare’s mutual fund business and help it diversify its business profile, to reduce dependence on the equity broking ...
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