MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Dec. 3 Deccan Chronicle Holdings Ltd has said that the RBI has notified that foreign institutional investors (FIIs)/non-resident Indians (NRIs) can purchase equity shares of the company through the secondary ...
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MUTUAL FUNDS
Korean firm Mirae gets SEBI licence to begin MF operations in India
Mumbai, Dec. 3 Mirae Asset, a Korean independent financial service provider, has received the Securities and Exchange Board of India (SEBI) licence to start mutual fund operations in India. It plans to begin these operations in India ...
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UTI Mutual in pact with StanChart
Mumbai, Dec. 3 UTI Mutual Fund has tied up with Standard Chartered bank for distribution of their mutual fund schemes. Under the agreement, Standard Chartered bank will offer the entire bouquet of UTI MF’s schemes across its branches. ...
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STOCKS
Moody’s lowers IOC outlook to negative; RIL stable
Mumbai, Dec. 3 Moody’s Investors Service on Monday changed the outlook on the Baa2 issuer rating of Indian Oil Corp Ltd (IOC) to negative from stable, while affirming the stable outlook for the Baa2 issuer and senior unsecured rating of ...
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Metal stocks turn red hot
On expectations of hike in steel prices, robust demand
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SKS Logistics in the limelight
SKS Logistics is making quiet waves in the last few weeks on news that its ship repairing and dry dock project at Alibaug on 35 acres near Mumbai would be ready for commissioning soon. According to the management, in order to supplement the ...
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Auto sales: Mixed bag in November
Strong show by Maruti Suzuki
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Fresh investments to boost ABB India
Change in product mix, more exports on cards
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Morarjee Textiles makes debut on NSE
Mumbai, Dec. 3 The stock of Morarjee Textiles Ltd made its debut on the NSE on Monday and opened at Rs 49.65 against its base price of Rs 41.The stock witnessed a high of Rs 49.65, low of Rs 42.20 and closed at Rs 44.30. The total ...
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TECHNICAL ANALYSIS
Bulls prevail
Bulls prevailed over Monday’s trading activity. The sentiment reading of the tradable counters remains bullish. Bear move on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the current sentiment ...
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STOCK MARKETS
‘Asian markets will feel the heat from US slowdown’
New Delhi, Dec. 3 The slowdown in the US economy may have less impact on the Indian GDP growth rate but Asian markets have not yet decoupled themselves from the world’s largest economy according to Mr Stephen S. Roach, Chairman, Asia, ...
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DERIVATIVES MARKETS
Nifty future surrenders premium on fresh shorts
Momentum counters remain active
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REGULATORY BODIES & RULINGS
SEBI eases norms for corporate bonds
Mumbai, Dec. 3 The Securities and Exchange Board of India has relaxed guidelines for issue of corporate bonds through the public issue route. The new norms permit companies to come out with bonds with below investment grade popularly known as ...
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RECOMMENDATION
Today's Pick: Finolex Cables (Rs 97.40)
We recommend a buy in Finolex Cables. From the weekly chart of Finolex Cables, it is clear that it was on a long-term downtrend from its life high of Rs 109 (touched in early January 2007) to its October trough of Rs 62. However, from Rs 62 ...
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Day Trading Guide
The stock is struggling to surpass the 21-day moving average line. Sell the stock in rallies with stop at Rs 1,655.L&T The stock is moving sideways with for the past one week. In the last session, it ...
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IPOS
Emaar MGF plans to raise $1.7 b thru IPO
New Delhi, Dec. 3 Real estate major Emaar MGF said that it is planning initial public offering (IPO) to raise $1.7 billion and is expecting regulatory clearance in January. “We are leaving it at the good hands of the authority, ...
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