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MARKETS
RECOMMENDATION:
Orchid Chemicals (Rs 129.95): Buy
We recommend a buy in the Orchid Chemicals & Pharmaceuticals from a short-term horizon. It is evident from the charts of Orchid Chemicals that after recording a multi-year low of Rs 56 in early March, it began to trend up. Since then, ...
RECOMMENDATION:
Day Trading Guide
Note: In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be ...
STOCK MARKETS:
1250 scrips hit upper circuit on BSE
Majority of stocks not even part of BSE-500 index. Mumbai, May 25 A large number of scrips listed under the B, S and T categories hit the upper circuit on Monday, exactly one week after the benchmark indices hit their upper circuits twice in the ...
FOREIGN INSTITUTIONAL INVESTORS:
Overseas investors indulge in profit booking
Citigroup, Morgan Stanley, Copthall take advantage of rally. Mumbai, 25 May The FIIs who have been net buyers of equity for Rs 11,580 crore in May so far, have sold equities for a net amount of Rs 1,750 crore in the last three trading sessions ...
STOCKS:
Suzlon promoters sell 4% stake to fund REpower buy
Mumbai, May 25 The Tanti family, promoters of Suzlon Energy Ltd, on Monday reported the sale of about 60 million shares or about 4 per cent of the paid-up share capital of the company. Funds raised from the sale would be used for completing ...
STOCKS:
Hopes on infrastructure spending boost metal stocks
Mumbai, May 25 Metal and mining stocks have been caught up in the investor frenzy on BSE in the last few days, even as their counterparts in the international markets are being battered by global recession and sharp fall ...
STOCKS:
Parsvnath board approves proposal to raise up to Rs 2,500 cr
New Delhi, May 25 Parsvnath Developers announced on Monday that its board of directors have approved a proposal to raise up to Rs 2,500 crore by issuing fresh shares to institutional ...
MUTUAL FUNDS:
Bharti AXA Equity Fund declares 10% dividend
Mumbai, May 25 Bharti AXA Investment Managers promoted by Bharti Ventures, AXA Investment Managers and AXA Asia Pacific Holdings on Monday declared 10 per cent dividend a unit for Bharti AXA ...
INSIGHT:
Markets: Ahead of economies?
Markets have always been apparently disconnected from reality. They did not foresee the subprime crisis till it was upon them. Indian stocks, were, in fact, rising for at least three months after the collapse of ...
STOCKS:
Capacity cuts, one-off income aid Jet’s return to profits
A one-off tax credit of Rs 350 crore, fuel cost savings and a cutback in surplus capacity were instrumental in Jet Airways’ turnaround to profits for the March 2009 quarter, after reporting losses in the preceding three quarters. ...
DERIVATIVES MARKETS:
Suzlon, RNRL, Unitech add open interests
Chennai, May 25 Turnover remained firm at Rs 65,141.03 crore in the F&O segment on Monday. The NSE Nifty May future ended on flat note at4241.05 against the spot close of 4237.55. The premium was slightly wider for Nifty June future, ...
Columnists:
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Harish Bijoor
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Ramanujam Sridhar
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S Ramesh Kumar
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Radhika Chada
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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