MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Jan. 1 City Union Bank Ltd’s board has fixed January 30 as the record date for the subdivision of equity shares of Rs 10 each into 10 equity shares of Re.1 each. Gujarat Lease Financing ...
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STOCKS
IMPACT
Glenmark values domestic generic, API biz
Glenmark on Tuesday sought shareholder approval to sell its domestic generic and active pharmaceutical ingredients (API) business to its subsidiary Glenmark Generics for a consideration of not less than Rs 698 crore. This move marks a ...
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Guj Ambuja Exports may pay 20% this fiscal
Ahmedabad, Jan 1 With the market capitalisation of its equity shares crossing the Rs 1,000-crore mark on November 30 and turnover expected to cross the Rs 1,900-crore mark this fiscal, agro-processing major Gujarat Ambuja Exports Ltd (GAEL) is ...
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IMPACT
HDFC’s insurance stake: No benefit soon
IPO, policy changes to hold key
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New Year party continues as 1,146 stocks hit upper circuit
Chennai, Jan. 1 Investors celebrated the first day of 2008 in grand style with the number of stocks hitting the upper circuit filter crossing 1,000 again on the Bombay Stock Exchange. This is the second consecutive day it has happened as the ...
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TECHNICAL ANALYSIS
Volatile movement
Tuesday’s trading activity witnessed volatile movement. However the sentiment reading of the tradable counters remains bullish. Bear move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the ...
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DERIVATIVES MARKETS
MTNL, Reliance Energy hog limelight
Nifty Jan future premium dips
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‘Mini’ contracts in NSE, BSE futures take off
Mumbai, Jan. 1 The new ‘mini’ contracts in pivotal index futures, launched by both NSE and BSE, had a modest beginning if trading volumes are anything to go by. At the NSE, the volumes traded in the ‘mini’ ...
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FOREIGN INSTITUTIONAL INVESTORS
Short selling by FIIs gets RBI nod
Mumbai, Jan. 1 The Reserve Bank of India has permitted foreign institutional investors and sub-accounts registered with Securities and Exchange Board of India (SEBI) to short sell, lend and borrow equity shares of Indian companies. This will, ...
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Goldman, Macquarie to pick up stake in PTC India Fin
New Delhi, Jan. 1 Power trading major PTC India on Tuesday said that Goldman Sachs and Macquarie India Holdings Ltd would pick up 20 per cent stake each in its subsidiary PTC India Financial Services Ltd. “PTC India Financial ...
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RECOMMENDATION
Today's Pick: Indoco Remedies (Rs 324.70)
We recommend a buy in Indoco Remedies at current market price. From the weekly chart of this company, we note that it had been in a downtrend between January and August 2007 (from a high of Rs 371 to a low of Rs 225). However, the stock ...
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Day Trading Guide
We maintain our prior view of desist trading in this stock for the session.Infosys Sell the stock in rallies with stop at Rs 1778.L&TContrary to our view, the stock fell in ...
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IPOS
Reliance Power IPO may be in 3rd week of January
Dalal Street grapevine cannot stop talking about the proposed Reliance Power initial public offering, billed as the biggest so far for the domestic capital market. The current buzz is that the offer would hit the market in the third week ...
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RIGHTS ISSUE
Godrej Consumer plans rights issue for Rs 400 cr
Bulk of proceeds will be utilised to part-finance capex programme
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ECONOMIC OFFENCES
‘Insiders’ have to surrender gains from short-term deals
Draft SEBI guidelines set transaction time span at 6 months
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