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MARKETS
FOREIGN INSTITUTIONAL INVESTORS:
Global cues, profit taking sink Sensex
Squaring of long positions by some entities suspected. Mumbai, June 8 After their relentless climb of several weeks, the benchmark indices buckled on Monday, giving in to global cues and profit booking, as well as, some suspected, squaring off ...
RECOMMENDATION:
Jaiprakash Hydro Power (Rs 87.05): Sell
We recommend a sell in the Jaiprakash Hydro Power stock from a short-term trading perspective. It is apparent from the charts of Jaiprakash Hydro that since March low of Rs 24, it has been on an intermediate-term up-trend. The ...
RECOMMENDATION:
Day Trading Guide
Initiate fresh short-position if DLF dives below Rs 354, with tight stop-loss. The near-term outlook for ICICI Bank and SBI is bearish. We recommend a sell in these two counters. On ...
PEOPLE:
SAT gets new member
Mumbai, June 8 One of the two long-standing vacancies at the Securities Appellate Tribunal has been filled with the appointment of Mr Samar Ray ...
FINANCIAL SERVICES:
Surge in trading cheers broking companies
Firms ready expansion plans while awaiting QIPs, IPOs. The fortunes of brokerage companies have revived along with the improvement in stock prices over the last three ...
STOCKS:
JP Associates unveils ESOP at 70% discount to market price
1.25 crore shares to be offered at Rs 60 a share. Realty and infrastructure major Jaiprakash Associates has said it would offer 1.25 crore shares to its employees at Rs 60 a share, a discount of 71 per cent over the last traded price of Rs ...
STOCKS:
Dish TV promoters sell stake to fund rights issue
5.8% of holdings sold for Rs 270 crore. New Delhi, June 8 The promoters of Essel Group’s direct-to-home venture, Dish TV, have sold 5.8 per cent stake for Rs 270 crore to fund their share of a rights ...
TAXATION:
ANMI pleads for removal of STT
Mumbai, June 8 The Association of National Exchange Members of India (ANMI) has approached the Ministry of Finance for the removal of the securities transaction tax, Mr E.M.C. Palaniappan, President of ANMI, said at a press meet ...
IPOS:
John Energy revives IPO, expansion plans
Hydrocarbon sector service provider John Energy Ltd is likely to hit the capital market in the next few months to raise around Rs 100 crore to part-fund its investment projects of Rs 400 crore to acquire four new drilling rigs and enter ...
DERIVATIVES MARKETS:
Momentum counters turn into discount
Chennai, June 8 Turnover remained firm around Rs 65,877.1 crore in the F&O segment on the NSE on Monday. The Nifty May future dipped into discount sharply to close at 4413.5 against the spot close of 4429.9. It added 31.63 lakh shares in ...
Columnists:
Harish Bijoor
Ramanujam Sridhar
S Ramesh Kumar
Radhika Chada
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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