MARKETS
MUTUAL FUNDS
Fidelity gets nod to launch MF operations
Fidelity Investments is close to receiving its registration and final regulatory go-ahead for starting its mutual fund operations in India. Its maiden product launch is expected shortly, said Mr Richard Wastcoat, Managing Director, Fidelity ...
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UTI Mutual plans scheme to invest in foreign cos
THE UTI Mutual Fund plans to to launch a scheme next month giving Indian investors an opportunity to invest in foreign companies in the established and emerging markets, according to Mr Ashutosh Bishnoi, the Chief Marketing Manager. Interacting ...
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TECHNICAL ANALYSIS
Marginal gains
BULLS maintained their pressure over Wednesday's trading. The sentiment reading of the tradable counters stands strongly bullish with no downtrend counters. Bear domination on Thursday is likely to change the sentiment reading in their favour. ...
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STOCK MARKETS
Alstom Projects India attracts attention
THE stock of Alstom Projects India Ltd gained sharply on Wednesday. According to dealers, the counter has attracted both retail and speculative interest. A few long-term investors reportedly made entries today. The stock closed at Rs 141.7 on ...
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On revival hopes
SAINT Gobain Sekurit has been attracting lot of market interest in the last few days. The interest in the stock can be discerned from the rise in the stock price and increased trading volumes. On Wednesday, the stock gained 12.79 per cent at ...
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DERIVATIVES MARKETS
SBI: Outlook positive, buy October futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segment on the NSE. SBI: The stock closed at Rs 493 in the spot market. The outlook appears positive. The upside price target is Rs 530. Buy ...
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FOREIGN INSTITUTIONAL INVESTORS
India Newbridge ups stake in Matrix to 26.76 pc
INDIA Newbridge Investments Ltd, along with persons acting in concert, has on Monday acquired further holding of 14.22 per cent in Matrix Laboratories Ltd (MLL), the Hyderabad-based pharmaceutical major, through open offer route, taking its total ...
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JM Morgan Stanley exercises TCS green shoe option
JM Morgan Stanley, the stabilisation agent for Tata Consultancy Services (TCS) IPO, today exercised the green shoe option in full for 83,17,880 shares, aggregating Rs 707 crore. Various Tata group companies had acted as lender to the green ...
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L&T gets FIs' support in defence against raiders
THE financial institutions (FIs) which hold around 38 per cent in L&T have agreed to "act in concert" with the L&T establishment in the event of an outside siege for ownership of the company. "Exchanges of letters of understanding between the
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REGULATORY BODIES & RULINGS
SEBI turns down Wealth Management PMS licence bid again
SEBI has again turned down a bid by Wealth Management Advisory Services, a Kolkata-based outfit, to get a PMS licence. The regulator took a similar stand in June in view of the action taken against certain companies associated with it. SEBI, ...
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COMMENTARY
Zee Tele, Maruti Udyog surge ahead
AMID volatile trading and large trading volumes, Sensex and Nifty ended the day in positive territory. In early trade, Sensex opened weak and dipped to levels well below 5,600. Trading in Sensex stocks picked up momentum in late afternoon trade ...
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