MARKETS
MUTUAL FUNDS
MF distributors get a breather on service tax
THE stand-off between distributors and asset management companies about the incidence of service tax has been temporarily solved by the Delhi High Court. The court has ordered that the circular, which clarified that mutual fund distributors were ...
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TECHNICAL ANALYSIS
Bears regain
THE sentiment reading of the tradable counters turned bearish. Bull domination on Monday is likely to neutralise the sentiment reading. On the other hand, it is likely to continue with the added strength. Nifty futures recommendation: ...
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STOCK MARKETS
Polls shadow markets; Sensex down 87 points
THE stock market on Friday lost all of Thursday's gains as profit-taking ahead of the final phase of the Lok Sabha election pulled indices by over 1.5 per cent. In Friday's trading, the BSE Sensex was down by 87.72 points (1.52 per cent) to ...
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Textile companies rule firm
AN optimistic overview of the textile industry saw stock prices of most textile companies rule firm in an otherwise subdued market on Friday. Amongst the major gainers were counters such as Vardhman Spinning, Alok Industries, Arvind Mills, and ...
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Fertiliser stocks active on monsoon hopes
THE fertiliser stocks have of late been active and outperforming benchmark indices. Expectation of a timely and widespread monsoon has led investors' interest to the fertiliser sector. The top gainers in the sector (week-on-basis) were GNFC ...
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Gains on value picking
AFTER the run up in public sector banks, it is the turn for smaller private sector banks. Among the list is Bank of Rajasthan - which is being bought by a section of the market over the last few days. The talk is that the bank has come out of ...
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DERIVATIVES MARKETS
Outlook negative for Bank of India
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: Bank of India: The stock closed at Rs 77 in the spot market. The outlook appears negative. The stock is likely to retrace its ...
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FOREIGN INSTITUTIONAL INVESTORS
FIIs can buy Mahindra shares: RBI
THE Reserve Bank of India notified on Friday that foreign institutional investors could now purchase under portfolio investment scheme equity shares and convertible debentures of Mahindra & Mahindra through primary markets and stock exchanges up
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REGULATORY BODIES & RULINGS
SEBI warns broker on regulations
THE Securities and Exchange Board of India (SEBI) has warned Prabhudas Lilladher Private Ltd to be careful in carrying out its dealings as a stockbroker in the scrip of Sawaca Business Machines Ltd. The regulatory board has found the broker ...
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COMMENTARY
Negative sentiments drag markets down
NEGATIVE sentiments prevailed in the markets on the last trading day of the week. After three consecutive days of upward movement, the benchmark BSE Sensex fell by 87.72 points (1.52 per cent) on Friday. The index opened at 5,748.34 points, ...
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