MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, May 4 AIA Engineering Ltd’s Board of Directors has approved the splitting of face value of equity shares Rs 10 each into 5 equity shares of Rs 2 each. Celebrity Fashions Ltd has ...
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STOCKS
Oil marketing cos slip despite hike
Only ONGC ends in positive zone. Mumbai, June 4 Oil marketing stocks tumbled on Wednesday as investors liquidated their long positions in these stocks even after the announcement of the oil price hike. The BSE Oil & Gas index shed 353 points or 3.39...
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IMPACT
DLF maintains run rate in tough year
Successful entry into mid market, strong commercial offtake. BL Research Bureau DLF appears to have adroitly managed the realty slowdown in 2007-08 through a combination of higher sales in the mid-market segment and a better product mix. On a consolidated...
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Gokul Refoils ends weak on Day 1
Mumbai, June 4 Gokul Refoils and Solvent Ltd, an oilseed processing major, made its debut at a premium of 12.7 per cent against the issue price of Rs 195 on the NSE on Wednesday. It opened at Rs 219.90, touched a high of Rs 224.7 and a low of ...
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STOCK MARKETS
Adding fuel to fire: Sensex tumbles on inflation fears, weak global cues
Mumbai, June 4 Stocks tumbled across the board on fears that the fuel price hike by the Government would further aggravate inflationary tendencies and affect corporate profitability.The fuel price hike, coupled with negative news from ...
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India – the second worst affected market
Markets vulnerable to oil price spiral face the brunt. The rout in the Indian stock market this week has not only shaved off about 1000 points from the Sensex, it has also made the Indian benchmark the second worst-performing index...
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DERIVATIVES MARKETS
Fresh shorts seen in Nifty future; 4500 put adds 11.22 lakh shares
Chennai, June 4 Trading volumes surged sharply to Rs 48,378.31 crore against Tuesday’s figure of Rs 40,448.71 crore, which is quite higher compared with the previous few months’ average volumes during the first week of new ...
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RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Deccan Aviation (Rs 101.45): Sell
We recommend a sell in Deccan Aviation from a short-term perspective. It is evident from the charts of the stock that it has been on a long-term downtrend from its December 2007 peak of Rs 335. However, after a corrective up move from Rs ...
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Day Trading Guide
On Wednesday, the stock was volatile and formed a doji candlestick pattern, which indicates neutral stance. Avoid trading in this stock for the session. Infosys Fresh short-position can be initiated if the ...
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IPOS
Avon Weighing Systems plans Rs 13.73-cr public issue
Mumbai, June 4 Avon Weighing Systems, which assembles and sells weighing instruments in India, proposes to raise Rs 13.73 crore through an initial public offering of shares.The public issue will consist of 1.37 crore equity shares of Rs ...
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First Winner IPO price band fixed at Rs 120-130/share
Mumbai, June 4 First Winner Industries, a company engaged in the manufacture of grey fabrics and trading of textile fabrics, which are supplied to wholesalers and garment manufacturers, announced on Wednesday that it proposes to enter the ...
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