MARKETS
MUTUAL FUNDS
Mutual funds feel interest rate tremors — Fall in assets under management
MUTUAL fund houses are feeling the pinch of the rising interest rates with money moving out of fund houses to more lucrative bank deposits and for credit repayments. The Association of Mutual Funds in India reported total assets under ...
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STOCKS
Softbank, E*Trade buy 34% stake in IL&FS Investsmart
E*Trade and Softbank Asia Infrastructure Fund L P (SAIF) have collectively acquired 34 per cent equity in IL&FS Investsmart at a valuation of Rs 54 per share. The total size of the transaction is Rs 64 crore, company officials announced ...
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TECHNICAL ANALYSIS
Range-bound movement
However, bulls managed to gain from the day's trading. The sentiment reading of the tradable counters remains bullish. Bear domination on Thursday is likely to change the sentiment reading to bearish. Otherwise, the prevailing bullish ...
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STOCK MARKETS
Sensex ends over 6,000-mark on sustained buying
AFTER several days of flirting with the sentimental 6,000-level, the Sensex closed strong on Wednesday at 6016.58. This is the first time since February 2004 that the benchmark index has closed above the 6000-level. Analysts say the bourses ...
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TCS to enter MSCI global index
TATA Consultancy Services is among the nine new securities that have been added to the Morgan Stanley Capital International (MSCI) Standard Index series, effective November 30. Google Class A (US), Anglo American (UK), Qantas Airways ...
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KPIT Info at new high on fund advice
THE KPIT InfoSys stock on Wednesday touched new high. It closed at Rs 516.65, up 4.95 per cent, on the BSE with volumes of 10,341 shares; on the NSE, the stock closed at Rs 514.20, up 4.6 per cent, with volume of 50,453 shares. Dealers said ...
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Graphite India: Charged by strong fundamentals
THE Graphite India stock is of late attracting attention of a section of investors because of improvement in its business dynamics and fundamentals. The stock, since November 1, has moved up by 23.49 per cent. During the last two sessions, the ...
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DERIVATIVES MARKETS
Short-term price reversal likely in ICICI Bank
THE following strategies are based on Wednesday's trading in the spot and the derivatives segment on the NSE. ICICI Bank: The stock closed at Rs 334 in the spot market. The stock could see a short-term price reversal. The downside price ...
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ASSET MANAGEMENT COMPANIES
Aberdeen sells CMC shares
Aberdeen Asset Management Asia Ltd has informed the stock exchanges on Wednesday that it has sold 20,000 shares of CMC Ltd on Tuesday. The shareholding of Aberdeen Asset Management Asia after the sale stands at 7,41,018 shares, representing ...
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COMMENTARY
Equities recover early losses on value-buying
HESITATION seemed to have crept into the stock markets after the benchmark Bombay Stock Exchange (BSE) sensitive index breached the 6,000 points mark again this week. After progressively posting a jump in the indices during nearly every one of ...
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IPOS
Deccan Chronicle fixes IPO price band at Rs 162-194
DECCAN Chronicle Holdings Ltd, the publishers of newspaper Deccan Chronicle, has priced its initial public offerings at a price band of Rs 162-194. The red herring prospectus has been filed with the Registrar of Companies, Andhra Pradesh on ...
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