MARKETS
OPEN OFFERS
Flextronics open offer for HSS shares at Rs 548
FLEXTRONICS International has priced its open offer for 20 per cent of the paid-up equity capital of Hughes Software Systems (HSS) at Rs 548 a share. The offer price to the public shareholders is a rupee higher than what Flextronics paid for a ...
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MUTUAL FUNDS
Principal Global swears by Philips, Cummins
PRINCIPAL Global Opportunities, which invests in international equities, has placed big bets on Philips, P&G, Ricoh, Nestle and Cummins, which are currently its five top holdings. Together, these stocks constitute well over 30 per cent of its ...
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TECHNICAL ANALYSIS
Bear domination
THE sentiment reading of the tradable counters stands absolutely bearish with no uptrend counters. Bull domination on Tuesday is likely to neutralise the sentiment reading. Otherwise, the prevailing bearish sentiment is likely to continue with a ...
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STOCK EXCHANGES
Manoj Vaish quits as BSE chief
DR Manoj Vaish, Executive Director and Chief Executive Officer of the Stock Exchange, Mumbai (BSE) has resigned. The governing board of the exchange at its meeting held on Monday accepted the resignation of Dr Vaish, who has expressed his ...
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HSE offers one time settlement for listing fee
THE Hyderabad Stock Exchange (HSE) has announced its decision to offer one time settlement (OTS) scheme for the companies, who were in arrears of payments of listing fee to the exchange. In a press release, the exchange said the OTS package ...
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STOCK MARKETS
Dividend yield stocks back in vogue
WITH the stock market on a downward move, stocks brokers have now turned to defensive stocks providing good dividend yield. Their argument is that dividend yield stocks not only help in constant flow of income (that too tax-free) but help avoid ...
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TV18 hogging the limelight
SUSTAINED fund support saw the stock of TV18 surge on the bourses on Monday. The counter ended the day almost 9 per cent higher on the BSE at Rs 158.10 with around 33,287 shares traded. Dealers said that there is talk of the company looking to ...
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Steel scrips crash as Govt moots regulatory body
STEEL counters today tanked across the board following talk of the Steel Ministry mooting a proposal to set up a regulatory body to monitor and fix steel prices. The statement evoked extreme reactions from market participants that found echo in ...
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Block deal in AP Paper stock
THE AP Paper stock today had a block deal of 2.51 lakh shares on the BSE. The deal was done at Rs 77.10 and was between Mr Chandravadan Desai, broker-investor, and CD Equisearch, his securities outfit. The stock is on a downward mode for the ...
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DERIVATIVES MARKETS
HPCL: Outlook negative, sell June futures
THE following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE: HPCL: The stock closed at Rs 344 in the spot market. The outlook appears negative. The downside price target is Rs 328. If ...
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COMMENTARY
Heavyweights pull down markets
BEARISH sentiments continued to prevail in the markets as the benchmark BSE Sensex closed the first trading day of the week on the negative zone. The selling pressure witnessed by the key index heavyweights dragged the 30-stock index down by ...
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Stock Quotes
SE Diary
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