MARKETS
PREFERENTIAL ALLOTMENTS
Ramco Systems to issue shares on preferential basis
RAMCO Systems Ltd will issue up to 2.49 lakh securities in the form of warrant convertible to equity shares by way of preferential allotment to a select investor. A company official declined to give the investor's name, but said, "the investor ...
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MUTUAL FUNDS
LIC Mutual launches outsourcing fund
LIC Mutual Fund is launching an India Outsourcing Fund. This open-ended equity fund would invest in sectors that are providing good outsourcing opportunity and has good growth potential in the medium to long term, according to the offer ...
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HDFC AMC to unveil capital guard fund
HDFC Asset Management Company is launching a capital guard fund, according to the offer document filed with Securities and Exchange Board of India. This open-ended income fund would comprise of several series and would offer various investment ...
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TECHNICAL ANALYSIS
Indecisive move
THURSDAY'S market action remained indecisive. Neither the bulls nor the bears could gain much from the day's trading. The sentiment reading of the tradeable counters stands neutral. Bull move on Monday is likely to change the sentiment reading to ...
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STOCK MARKETS
Shares move southward
THE sudden resignation of six directors of Reliance Energy sent tremors through the stock market, with shares of Reliance group companies tumbling and taking the market down with them. Reliance Energy registered the sharpest fall of Rs 34 ...
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Exide Industries mulls pvt placement
EXIDE Industries is planning a private placement of 37,79,324 fresh equity shares to foreign institutional investors or mutual funds. The issue, if fully subscribed, will bring down the promoters holding in the company from the existing 51.46 per ...
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Trent in vogue
Counter of retailing company Trent, part of Tata group, is another stocks within in the retail sector that is attracting investor interest. Dealers said several FIIs are actively buying the shares of the company. One factor for buying the ...
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COMMENTARY
Textile stocks up and swinging
THE bellwether indices began the day on a robust note on Thursday, only to fizzle out towards the close of trading as profit-booking dragged down both the indices. The BSE Sensex closed the day at 6035.03 points, barely changed from the ...
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ECONOMIC OFFENCES
Govt can go ahead with probe into Ketan Parekh entities
IN a setback of sorts to the KPG (Ketan Parekh Group) entities, the Company Law Board (CLB) today recalled its earlier order, which had `temporarily' restrained the Central Government from further probing into the group companies. Armed with ...
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