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MARKETS
FINANCIAL MARKETS:
Markets feel the global tremor
Sensex tanks 506 points, plunges to 18-month low. Mumbai, Sept. 29 News that the global financial turmoil is now claiming financial institutions in Europe and the UK sent the Sensex plunging to an 18-month low on Monday, to a ...
FOREIGN INSTITUTIONAL INVESTORS:
Rupee breaches 47
Mumbai, Sept. 29 The meltdown in the equity market and strengthening of the dollar in the global markets had its impact in the local currency market on Monday. The rupee breached the psychologically important 47-mark against the dollar ...
RECOMMENDATION:
Indian Bank (Rs 119.40): Sell
We recommend a sell in Indian Bank from short-term perspective. It is clearly apparent from the charts of Indian Bank that it had been on a medium-term uptrend between mid July and early September from Rs 78 (a 52-week low) to a high of Rs ...
RECOMMENDATION:
Day Trading Guide
On Monday, the stock plummeted 12 per cent with heavy volume, penetrating the key support level of Rs 515 and recording its 52 week low. We recommend a sell in this ...
STOCKS:
Realty stocks hit 52-week lows
‘Land acquisition at peak prices thru short-term high cost debt major worry’. Mumbai, Sept. 29 Realty stocks took a tumble on the bourses and many logged their 52-week low ...
FOREIGN INSTITUTIONAL INVESTORS:
Declining rupee inflicts further damage on FIIs
Kolkata, Sept. 29 FIIs, who are selling equities on Dalal Street now, are incurring additional losses over market ...
INVESTMENTS:
De-rating cloud hangs over fixed maturity plans
Mumbai, Sept. 29 The hugely popular fixed maturity plans (FMPs) offered by mutual funds may now face pressures as the risk profile of this category of schemes has substantially changed over the last ...
STOCKS:
Axon offer may strain HCL Tech accounts
Domestic IT major could now eye European markets. HCL Technologies’ ambition of expanding its enterprise application services has found expression in its £441 million offer for the Axon Group in the UK. But if the offer goes through, ...
MUTUAL FUNDS:
Retail investors keep faith
Even as foreign institutional investors queue up at the exit and domestic institutions hesitate on the sidelines, retail mutual fund investors continue to keep faith in the potential of Indian stocks. The absence of panic redemptions from ...
STOCKS:
Banking stocks shed points on uncertainty
ICICI loses heavily on BSE Bankex and Sensex. Mumbai, Sept. 29 Indian banking stocks fell substantially on Monday, as investors turned wary in the wake of happenings in the banking and financial ...
STOCKS:
Price of Suzlon Energy rights issue in six weeks
The price of the Suzlon Energy Ltd rights issue of about Rs 1,800 crore would be decided in about six weeks. The company is awaiting clearances from the Foreign Investment Promotion Board for ...
STOCKS:
Few infra, bank stocks hold up above July lows
BL Research Bureau With a fresh wave of selling overtaking the markets, the BSE Sensex is back at where it was in mid-July. The Sensex on Monday breached the 13000-mark to close at 12595 points, barely 0.16 per cent above its July 16 low ...
STOCKS:
CSB rights issue: HC annuls order
Kochi, Sept. 29 The Kerala High Court on Monday quashed an order of a court in Thrissur restraining the Catholic Syrian Bank from proceeding with a ...
STOCKS:
IDFC Private Equity picks up 17% in Suzlon arm for Rs 400 cr
New Delhi, Sept. 29 IDFC Private Equity on Monday announced it has picked up a 17 per cent equity stake in SE Forge Ltd, a subsidiary of wind turbine manufacturer Suzlon Energy Ltd (SEL), for Rs 400 ...
STOCK MARKETS:
Down street?
...
STOCKS:
Tata Motors loses on day of rights issue
Mumbai, Sept. 29 The stocks of Tata Motors Ltd, whose rights issue opened on Monday, fell by 4.67 per cent on the ...
ANNOUNCEMENTS:
Corporate developments
Aksh Optifibre Ltd has entered into a three-year agreement with Sony Pictures Entertainment to bring Hollywood content for icontrol (Aksh’s IPTV Service) for its viewers. This is the first agreement to bring ...
DERIVATIVES MARKETS:
Open interest goes up in call options
Capital goods sector adds short positions. Chennai, Sept. 29 Turnover witnessed market improvement to Rs 55,905.71 crore in the F&O segment on the NSE on Monday against Friday’s figure of Rs 44,297.14 crore. The NSE October future ...
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