Birla MF launches variants of MIP
BIRLA Mutual Fund has launched variants of its Monthly Income Plan, named MIP II. MIP II offers to investors two different options - one with an equity cap of 5 per cent, called MIP Savings 5 and the other with 25 per cent equity cap, called ...
Volatility ratings: Fitch in talks with AMCs
FITCH Ratings is in talks with various asset management companies to offer the volatility rating for the liquid and income funds. The volatility rating assesses the range of volatility in the net asset value of funds based on the quality of ...
THE sentiment reading of the tradable counters stands bullish. Monday's market action resulted in triggering the downtrend in few counters. Further bear dominance on Tuesday is likely to change the sentiment reading in their favour. Otherwise, ...
Tata Tea back in favour
TEA stocks have apparently regained some of their lost colour on the bourses as the uncertainty over the lack of rainfall in parts of southern and northern tea growing regions has ended. The Tata Tea stock on Monday moved up on the major ...
IT has almost become a custom. Every quarter, the day before information technology leader Infosys announces its results, the stock market grapevine works overtime guessing the numbers. The surprising part is the past couple of times the ...
PNB: Outlook positive, buy April futures
THE following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE: Tata Tea: The stock closed at Rs 339 in the spot market. The outlook appears positive. The near-term price target is Rs ...
Selling pressure in heavyweights
AFTER remaining fairly stable through the day's trading, the Sensex weakened at the end of the day to close at 5783.79 points, or 54.66 points lower. The S & P CNX Nifty also ended in the negative zone, with a 15.35 point decline to close at ...
Bank of Maharashtra lists at premium
BANK of Maharashtra made a successful debut on the bourses on Monday by listing at a premium of over 71 per cent. The stock opened at Rs 34.10 on the NSE, touched a high of Rs 44.90 and a low of Rs 33.25 before closing at Rs 39.35, a premium of ...
SEBI calls for meeting with merchant bankers May discuss ONGC allotment issue
SECURITIES and Exchange Board of India has called for a high-level meeting of merchant bankers on Tuesday. The agenda for the meeting is unstated but merchant-banking sources told Business Line that the meeting would discuss the ONGC ...
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