UTI Bank, Geojit tie up for trading platform in Qatar
GEOJIT Securities has tied up with Doha Bank and would provide a safe and seamless trading platform for the 2.5 lakh NRIs in Qatar to trade in Indian capital markets from the end of February 2004. UTI Bank would be the Indian banking partner ...
SBI top pick for mutual funds
THE mutual fund industry has invested more than Rs 3,000 crore in one scrip - State Bank of India. Banking sector funds have more than 25 per cent of their entire portfolio invested in this scrip, while diversified equity funds have exposures ...
BEARS were in total command of Friday's trading activity. Their dominance left the bulls with no opportunity to recover during the day's trading. The sentiment reading of the tradeable counters remains bearish. Irrespective of bull or bear ...
Banks await RBI norms to enter stock broking
BANKS are awaiting the Reserve Bank of India guidelines to enter the stock broking business. Senior bank officials said the Union Government was interested in allowing select banks to obtain trading cards in stock exchanges. As of now ...
Under bear trap
A tug-of-war between bulls and bears that began a week ago is continuing unabated, according to the market grapevine. The bear grip on certain pivotal stocks appears to be quite strong even now. A market source said that a proprietary trader ...
Numbers electrify Alstom Projects
THE stock of Alstom Projects saw a recovery in its price of about 3.3 per cent on Friday. The trading in the counter on major bourses suggested decisive buying activity, surpassing a bout of profit booking. The stock closed at Rs 117.95 (Rs ...
Outlook negative for Reliance, GACL
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: Reliance Industries: The stock closed at Rs 561 in the spot market. The outlook appears negative. The near-term downside price ...
Negative trend continues in bourses
NEGATIVE sentiment prevailed in the market as the benchmark BSE Sensex ended the last trading day of the week in the negative territory. The 30-stock index fell for the third day in a row by 107.08 points (1.85 per cent). The Sensex opened firm ...
ONGC offer document filed
THE Government today filed the offer document of Oil and Natural Gas Corporation (ONGC) with the Securities and Exchange Board of India (SEBI) to divest its 10 per cent stake (14.25 crore shares) to investors in the domestic market through ...
SEBI likely to relax public issue norms for PSUs
IN order to facilitate the disinvestment of government holding in public sector units, the Securities and Exchange Board of India is prepared to heed to a government request and relax the norms of public issues. Mr G.N. Bajpai, Chairman of ...
Balrampur Chini announces 12:100 rights at a premium
RIDING on a 50 per cent growth in turnover and a 255 per cent growth in net profit, sugar major Balrampur Chini announced a rights issue in the ratio of 12 shares for every 100 held. The company has decided to charge a premium of Rs 250 for ...
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