MARKETS
MUTUAL FUNDS
Global equities one step closer!
DO you dream of owning a Rolls Royce? Whether you can buy that expensive set of wheels or not, you may soon be able to invest in funds that own a part of the company that makes them. Indian investors, who can currently invest in only about 47 ...
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Reliance MF launches 2 schemes for NRIs
RELIANCE Mutual Fund has launched two new funds that are exclusively for non-resident Indians (NRI). Reliance NRI Equity Fund and Reliance NRI Income Fund have been launched with an objective to provide attractive investment avenues to the NRI ...
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TECHNICAL ANALYSIS
Bears prevail
BEARS prevailed over Wednesday's trading activity. However, they could not make any gains from the day's trading. The sentiment reading of the tradable counters remains bullish. Bear pressure on Thursday is likely to change the sentiment reading ...
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STOCK MARKETS
Eastern Silk at all-time high on growth prospects
THE Eastern Silk Industries Ltd stock has taken a smooth upward route on the bourses for sometime now and the counter hit its all-time high today at Rs 155 on the BSE and the NSE. On the BSE, it finished with a 4.41-per cent gain at Rs 145.90. ...
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Welspun India gains on order talk
THE Welspun India stock gained sharply in today's trading on market talk that the company is expected to bag export orders from various leading global brands and companies. The expansion plan of the company to enhance its production capacity - ...
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Pvt placement talk soon?
Dabur Pharma, which had touched an intra-day high of Rs 42.50 on Tuesday, lost ground on the bourses on Wednesday despite registering good volumes. Dealers said the weakness was in line with the broad market trend. Rumours of a private ...
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DERIVATIVES MARKETS
Guj Ambuja Cement: Outlook positive, buy October futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segment on the NSE. IPCL: The stock closed at Rs 199 in the spot market. The outlook could turn positive if the stock moves above Rs 203. In the ...
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COMMENTARY
Sustained selling pressure drives Sensex down
AFTER witnessing a strong rally on Tuesday, the stock market indices took a beating on the third trading day of the week. The steep fall in the indices was largely due to the strong wave of selling pressure that built up steam starting ...
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IPOS
Dena Bank gets nod for 2nd public offer
THE Union Government has given its approval to Dena Bank for its second public issue. The issue is for an aggregate value of Rs 80 crore, comprising eight crore equity shares of Rs 10 each, the bank has informed the BSE. The meeting of the ...
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Mahanagar Gas plans IPO before Dec 2005
THE city-based piped gas provider Mahanagar Gas Ltd plans to come out with its initial public offer before December 2005 to divest around 30 per cent promoters' stake. "We plan to come out with an IPO before December 2005, the process for which ...
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