MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Jan. 21 Ballarpur Industries Ltd (BILT) has announced approval of equity investments of $175 million by two major private equity investment firms, GIC Special Investments Pte Ltd (a wholly owned subsidiary of ...
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STOCKS
1,323 stocks hit lower circuit
Chennai, Jan. 21 The upheaval at the bourses had a major impact on small- & mid-cap stocks. Probably the lone indicator that was positive so far paints a grim picture now, with 1,323 stocks hitting lower circuit filter against just 51 ...
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Mid-caps go back to discount to Sensex
Repeating the classic pattern of the past few years, mid- and small-cap stocks have witnessed much steeper declines than the Sensex or the Nifty during the market rout over the past two weeks. This correction has pushed PE multiples of ...
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IMPACT
Court order magnifies meltdown in sugar stocks
Sugar stocks were among the worst hit on Monday’s market meltdown, with stocks of select large manufacturers such as Bajaj Hindusthan and Triveni Engineering shedding as much as 25-28 per cent during the day. A Supreme Court ruling on ...
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TECHNICAL ANALYSIS
Bear prevails
Bears prevailed over Monday’s trading activity. The sentiment reading of the tradable counters remains bearish. Bull move on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the current sentiment ...
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FINANCIAL MARKETS
‘Global outlook more uncertain now’
Mumbai, Jan. 21 The US sub-prime crisis and global financial uncertainties seem to list high on the RBI Governor, Dr Y.V. Reddy’s list of concerns, a week before the quarterly review of the monetary policy on January 29. Speaking ...
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STOCK MARKETS
Sensex crashes 1408; markets in bear grip
On BSE, 2,657 stocks ended in the red, 139 advanced
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Indian markets join big losers’ list
Chennai, Jan. 21 Black Monday has pushed the Indian benchmark among the worst performing stock indices in 2008. The year-to-date return for the BSE Sensex is a negative 13.55 per cent and the Nifty is down 15.47 per cent for the same period. ...
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Traders caught unawares; selling pressure wipes out values
Mumbai, Jan. 21 It was Black Monday for the markets with the Sensex crashing more than 2,000 points, its highest ever intra-day fall. They knew that a fall was round the corner but the extent of it completely floored them. “We ...
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DERIVATIVES MARKETS
F&O build-up triggers meltdown
The sell-off witnessed in Indian stocks over the last two trading days, much like the correction in 2006, has its genesis in the excessive build-up in the futures and options section. The open interest on NSE has been recording new ...
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Select F&O stocks face the music
Select small-priced stocks that are part of future and option segment on Monday faced the bear’s wrath on the back of heavy FII unwinding. Brokers said stocks such as Essar Oil, Nagarjuna Fertilisers, Bindal Agro, WWIL, Parsavanath ...
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For whom the margin bell tolls?
Kolkata, Jan 21 It’s ring-ring margin calls when all equities fall down. The Monday morning session begun with many traders’ terminals shut and more got shut during the day today.According to sources in the intermediaries, ...
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RECOMMENDATION
TODAY'S PICK
Welspun-Gujarat Stahl (Rs 424.45): Sell
We recommend a sell in Welspun-Gujarat Stahl Rohren at current market price. The chart of the Welspun-Gujarat Stahl Rohren suggests that the stock had been on a steady bull run from its March 2007 low of Rs 90 till it marked a life high of Rs ...
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Day trading guide
In the last trading session, the stock breached the 50-day moving average line downwards and tumbled. We maintain our prior sell recommendation. Infosys We note that the stock has recovered from its intra-day ...
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IPOS
GSPC plans IPO, decision expected in mid-February
Proposal for partner in KG Block in back burner
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Emaar MGF IPO price band at Rs 610-690
Mumbai, Jan. 21 Emaar MGF Land Ltd, a joint venture between one of the world’s leading real estate companies Emaar Properties PJSC of Dubai, and MGF Development Ltd of India, is entering the capital market with an initial public offering ...
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Bang Overseas plans IPO
Mumbai, Jan. 21 Bang Overseas Ltd, a provider of fashion fabrics and ready-to-wear requirements in apparel, textile and retail segment, is entering the capital market with an initial public offering of 3,500,000 equity shares of Rs 10 each ...
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