MARKETS
COURTS/LEGAL ISSUES
SC order allows Nirmal Bang cos to resume business from April 19
THE Supreme Court had last week upheld an order of the Securities Appellate Tribunal (SAT) that reduced punishments handed out by the Securities and Exchange Board of India (SEBI) to four entities of stockbroker Nirmal Bang allegedly for ...
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MUTUAL FUNDS
Cautions against `manufactured research reports'
UTI Mutual Fund, the country's No. 1 asset management company, has spoken out sharply against what Mr M. Damodaran, its Chairman-cum-Managing Director, labels as "manufactured research reports", a phenomenon that seems to flourish in certain ...
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`Snags in RBI's system delayed UTI-I refunds'
IN continuation of beleaguered UTI-I's problems with the assured returns schemes, the refunds from the foreclosure of UTI's MIP 99 have been delayed because of glitches while uploading to the Reserve Bank of India's electronic fund transfer ...
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TECHNICAL ANALYSIS
Volatile movement
THE sentiment reading of the tradeable counters continues to remain bullish. Bear domination on Monday is likely to change the sentiment reading in their favour. Otherwise, the prevailing bullish sentiment is likely to continue with added ...
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STOCK EXCHANGES
BSE kicks-off margin trading
MUMBAI: The first ever margin trading on BSE was transacted on Thursday in the Welspun India scrip. BSE in a statement said that 1.15 lakh shares were financed and the amount financed was Rs 53.20 ...
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STOCK MARKETS
High NPA bank stocks show buoyancy
SHARES of banks and financial institutions, especially those with high NPAs (non-performing assets), shot into the limelight on Thursday following the `historical judgment' by the Supreme Court in the Mardia Chemicals and ICICI Bank case. Banks ...
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Corporate governance
Insider trading rubs heavily: ICRA survey
CAPITAL market participants feel that insider trading, selective leak of price sensitive information and dubious accounting practices are their biggest concerns from the corporate governance perspective, says a survey by rating firm ICRA. The ...
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Biocon gains on strong FII demand
AFTER listing at over 50 per cent premium to the offer price, Biocon shares continued to see huge demand, especially from FIIs, on Thursday with volume exceeding the issue size of one crore shares. This led to the stock hitting the upper ...
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IVRCL Infrastructure gains on good fundamentals
TALK of a robust order book has seen the stock of IVRCL Infrastructure and Projects gain strength on the bourses in the recent past. Brokers maintain that while the counter appears to have touched its peak, it still has some steam left. The ...
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Asahi India Glass delists from DSE
DERIVATIVES MARKETS
ICICI Bank: Outlook negative, sell May futures
THE following strategies are based on Thursday's trading in the spot and the derivatives segments on the NSE: ICICI Bank: The stock closed at Rs 292 in the spot market. The outlook appears negative. The downside price target is Rs ...
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REGULATORY BODIES & RULINGS
Draft norms on delisting made public
THE Securities and Exchange Board of India is seeking to delist the shares of companies where public shareholding in a company falls below the minimum level specified in the listing agreement. This is part of the draft report of the Securities ...
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SEBI modifies guideline on risk factors display
PUBLIC issue advertisements on TV can no longer list risk factors that are scrolled down faster than the speed of light. The Securities and Exchanges Board of India has specified that a clear statement instructing investors to refer to the red ...
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INTERVIEW
`We will improve our retail orientation further'
EARN hundreds, spend hundreds, sleep well," Mr M. Damodaran, CMD of UTI Mutual Fund, puts it succinctly when asked about his personal views on investments. The fund house he heads, for all its Rs 21,000-crore-plus status, happens to be a ...
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COMMENTARY
Markets end in positive terrain
AFTER a subdued trend in the last couple of days, the key market indices closed in the positive zone on Thursday. The 30-share Sensex closed at 5838.45, up 23.32 points and the 50-share S&P CNX Nifty inched up by 4.85 points to end at 1853.55. ..
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PUBLIC OFFER
ICICI Bank issue price at Rs 280 per share
ICICI Bank has announced an issue price of Rs 280 per equity share for the Rs 3,050-crore public issue. The issue, which closed on Wednesday, has been subscribed approximately 4.2 times at this price level, said a press release from the ...
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