MARKETS
FINANCIAL SERVICES
STP to be made mandatory by July: Bajpai
STRAIGHT Through Processing (STP) would be made mandatory by July and India would be the first country in the world to use this facility, stated Mr G.N. Bajpai, Chairman, Securities and Exchanges Board of India. Mr Bajpai inaugurated the STP ...
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MUTUAL FUNDS
Floating rate funds see renewed interest
FLOATING rate funds seem to be staging a comeback, attracting higher inflows than what they did till recently. Serving as background is the view that normal debt funds will not deliver satisfactory returns in the days ahead. Debt fund returns ...
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TECHNICAL ANALYSIS
Volatile movement
THE sentiment reading of the tradable counters continues to remain bearish. Bull domination on Thursday is likely to change the sentiment reading in its favour. On the contrary, the prevailing bearish sentiment is likely to continue with a slight ...
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STOCK MARKETS
Investor favourite
AFTER putting up an excellent third quarter show, Nestle has become an investor favourite on the exchanges. At least two top domestic broking firms as well as one foreign broker are said to be recommending the stock to their clients. According ...
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Federal Bank sizzles on block deal
THE Federal Bank stock provided the lead for the bank counters today in their upward move. Strong demand pushed up the stock 13.3 per cent. HDFC Mutual Fund today picked up Federal Bank 3.50 lakh shares at a weighted average price of Rs 310.10 ...
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IPO allotment drags PSU stocks
SHARES of IPCL, CMC and IBP have been witnessing selling over the last few days despite the public offers of these companies being oversubscribed. Brokers said selling is mainly from investors, who were allotted shares from the recently concluded ...
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DERIVATIVES MARKETS
ACC: Outlook positive, buy March futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segment on the NSE: ACC: The stock closed at Rs 248 in the spot market. The outlook appears positive. The upside price target is Rs 266. ...
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COMMENTARY
Banking stocks in the limelight
THE indices were in positive territory for most part of the day, though bouts of selling pressure pushed them to the negative territory. Thanks to late buying in IT and banking stocks, the indices heaved up to end the day in the positive. The BSE ...
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PEOPLE
Mishra is new ED for SEBI
COIMBATORE: Mr Pradipta Kumar Mishra has taken over charge as Executive Director of Securities and Exchange Board of India, Mumbai. Prior to joining the new post in SEBI on March 15, he worked as Chief General Manager, Department of ...
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