MARKETS
MUTUAL FUNDS
StanChart opens global MF doors to India
INDIANS can now invest in international mutual funds which invest in fixed income, gold and real estate markets spanning various countries ranging from the US, Latin America, Poland, China, Korea and more. Standard Chartered Bank on Tuesday ...
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MFs brace for dividend stripping
MUTUAL funds are expected to turn net sellers over the next few days to cope with dividend stripping by investors. The 90-day lock-in period for funds that declared dividends in December is expiring and investors' might start booking capital ...
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25 pc dividend on Birla Advantage Plan
BIRLA Mutual Fund has declared a dividend of 25 per cent in the Birla Advantage Plan, according to a company press release. The record date for the dividend is March 12, and the dividend would be tax free in the hands of the investors, stated ...
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JM Mutual Fund declares dividend
JM Mutual Fund has declared dividend on the JM Income Fund, JM G-Sec Regular and JM MIP Fund. The record date for this is March 14, according to a company press release. Bonus has also been declared on JM Income Growth Plan and JM G-Sec Growth ...
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STOCKS
Varun Shipping to list on Singapore bourse
Varun Shipping Ltd proposes to list its shares on the Singapore Stock Exchange, through an issue of Singapore Depository Receipts (SDRs), the company on Tuesday said. The board of directors of the company, which met today, appointed a ...
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TECHNICAL ANALYSIS
Bear run arrested
THE sentiment reading of the tradable counters stands bearish. Bull domination on Wednesday is likely to reduce the bear count by a considerable margin thereby neutralizing the sentiment reading. On the other hand, the prevailing bearish ...
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STOCK MARKETS
Crude prices add to the cap
After the successful completion of the public offer of ONGC and the final pricing, the stock of the oil major gained sharply on Tuesday as other blue-chips stock fell. Dealers said the rise in the stock price had nothing to do with the public ...
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GMDC: A highly undervalued `disinvestment candidate'
THE stock of Gujarat Mineral Development Corporation (GMDC) has been ruling steady in an otherwise volatile market. Rumours of the company being a disinvestment candidate have been dogging the counter for a while. "There is talk that ...
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HFCL stock spurts on MTNL order
THE HFCL stock made an 8 per cent upward move with volumes spurting apparently after a confirmation of an Rs 250-crore order from MTNL for the company. The 2001-scam tainted stock had a volume of 60.24 lakh shares (45.8 per cent of it was ...
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DERIVATIVES MARKETS
HCL Tech: Outlook positive, buy March futures
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: HCL Tech: The stock closed at Rs 270 in the spot market. The outlook appears positive. The upside price target is Rs ...
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COMMENTARY
Marginal recovery in steel stocks
THE Sensex closed marginally higher at 5,525.09 points, 4.43 points up from the previous close. The Nifty lost 14.05 points to close at 1,749.35 points. The stock of Emco Industries, the manufacturer of electrical equipment used in ...
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IPOS
Primary market raises Rs 17,665 cr this fiscal
WITH stock indices touching their all-time high levels this year, the primary market has created a new record in the history of Indian capital market by raising over Rs 17,500 crore in the current fiscal through public issues of equity shares. ...
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ICICI Bank public issue a positive development: S&P
INTERNATIONAL rating agency, Standard & Poor's, has stated that ICICI Bank's proposed Rs 3,500 crore public issue will be a positive development. However, the rating of the bank is constrained by the country's foreign currency rating ...
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