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MARKETS
RECOMMENDATION:
Rolta India (Rs 310.35): Sell
We recommend a sell in Rolta India from a short-term perspective. From the charts of Rolta India, we observe that the stock has been on a medium-term uptrend from its early July low of Rs 224. This uptrend has reversed from the significant ...
RECOMMENDATION:
Day Trading Guide
After encountering key resistance at around Rs 745, the stock lost its intraday gains in the last trading session. Fresh short-position can be initiated if the stock declines below Rs 690, with tight stop. ...
STOCKS:
Sentiment turns positive for cement stocks
Investors spot value-buying opportunity. Mumbai, Aug. 6 After being battered for sometime now, cement company stocks in the BSE seem to have attracted investors’ fancy in the last one month. Expectations of a possible hike in cement ...
STOCKS:
Liquor stocks remain steady in a shaky market
Companies beat high inflationary pressure. Kolkata/Bangalore, Aug. 6 Liquor stocks have been on a high until Wednesday when some profit booking emerged after over a month. With upbeat consumerism continuing to pep up demand for alcoholic ...
VENTURE CAPITAL:
Finance Ministry in talks with SEBI on tightening venture capital norms
The Finance Ministry is in dialogue with the Securities and Exchange Board of India (SEBI) to tighten the venture capital regulations and also tackle the host of issues that has emerged in the changed economic context. ...
IPOS:
Resurgere Mines IPO price band fixed at Rs 263-272
Mumbai, Aug. 6 Resurgere Mines and Minerals Ltd, a company engaged in the business of extraction, processing and sale of mineral products and exploration and development of mining assets, plans to enter the capital market with an IPO of ...
VENTURE CAPITAL:
ICICI Mezzanine Fund investing Rs 40 cr in MAS Financial
Ahmedabad, Aug. 6 The Ahmedabad-based MAS Financial Services Ltd has announced an investment of Rs 40 crore from ICICI Venture’s Mezzanine Fund and said it is in the final stages of receiving $10 million from Dutch development bank FMO. ...
IPOS:
NuTek fixes IPO price at Rs 192 a share
New Delhi, Aug. 6 Nu Tek India Ltd, a telecom infrastructure services provider, said on Wednesday that it has fixed the price of its initial public offering at Rs 192 a share. The company plans to offer 4.5 million shares of Rs 10 each. The ...
IPOS:
BSNL IPO: Raja to meet union today
New Delhi, Aug. 6 The crucial meeting between the Communications and IT Minister, Mr A. Raja, and the BSNL employees union over the PSU’s proposed Initial Public Offering has been postponed to Thursday. ...
IPOS:
Cleartrip plans IPO in 2009
Hyderabad, Aug. 6 Cleartrip, an online travel facilitating company, is likely to come out with an initial public offering in 2009. The company, which received three rounds of investments totalling $31 million, hopes to break even this ...
FOREIGN INSTITUTIONAL INVESTORS:
SEBI allots debt limits to more FIIs
Mumbai, Aug. 6 SEBI has allocated the unutilised limits for investment in G-Secs and corporate debt to foreign institutional investors in the waitlist for such investments. Some of the allotted entities are: ING Bank N V, Citigroup Global ...
STOCKS:
Bharti’s iPhone success depends on offtake
May improve realisations with premium services. Bharti may be one of the first movers in making 3G services available to Indian subscribers with the planned launch of iPhone 3G version later this month. The key benefit to Bharti, if this ...
DERIVATIVES MARKETS:
Nifty futures see unwinding of longs
DLF, L&T rule in discount. Chennai, Aug. 6 Trading volume rose sharplywith total turnover in F&O segment moving up to Rs 61,180 crore from Rs 52,692.78 crore witnessed on ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Aug 6 Compucom Software Ltd has been awarded an IT project by Jaipur Vidyut Vitran Nigam Ltd to establish and operate Customer Management System on BOOT basis for the period of three years in Jaipur and Kota. The ...
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