MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Jan. 22 Alps Industries Ltd (AIL) has entered into a technical collaboration and marketing support agreement with Suminoe Textile Company Ltd, Japan for manufacture of automotive fabrics. The project is proposed ...
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FINANCIAL SERVICES
Bank of India to offer helpline to stockbrokers
Mumbai, Jan 22 To help brokers affected by the stock market crash, Bank of India may provide additional loans to brokers or adjust margins on the loans to some extent, said Mr T. S. Narayanasami, Chairman and Managing Director, Bank of India. ...
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NEW FUND OFFER
HSBC Emerging Markets Fund launched
Mumbai, Jan. 22 HSBC Investments has launched the HSBC Emerging Markets Fund (HEMF), an open-ended scheme that seeks to provide long-term capital growth by investing in emerging economies the world over. The fund would invest both ...
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STOCKS
CLB holds Essel Group stake in UNI ‘null and void’
New Delhi, Jan. 22 The Company Law Board (CLB) has held the transfer of unsubscribed shares of news agency UNI to Media West, a firm promoted by Mr Subhash Chandra’s Essel Group, as ‘null and void’ on the grounds that the ...
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TECHNICAL ANALYSIS
Sensex and Nifty: Short-term technical outlook
The stock market meltdown over the last two sessions has shaved off 11 per cent from the Sensex and 13 per cent off Nifty. Though the short-term outlook had turned negative after last Friday’s correction, the medium- and ...
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Bears prevail
Bears prevailed over Tuesday’s trading activity. The sentiment reading of the tradable counters remains bearish. Bull move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the current ...
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STOCK MARKETS
Stock markets take a battering again
Sensex recovers after 2,273-point intra-day loss; trading shut for one hour
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Market break; investors left in lurch
Bolting the door: Dalal Street on Tuesday pulled down its shutters for an hour after an early morning crash as part of the regulator's effort to safeguard investors' interest from any sudden surge or fall in the market levels. This is the fourth ...
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Chidambaramspeak trims market indices fall
Says liquidity will not be an issue
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Difficult recovery
Salvation lies only in the economy moving to a higher growth plane. But, first, policy constraints across sectors need to be removed.
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Bounceback in prospect?
Stock markets, the world over, have gone into a free fall. It wasn’t hard to spot the reasons. Foremost was the increasing risk of a US recession. Second, despite the already large writeoffs and capital injections, global banks are yet ...
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Funds did not switch to cash ahead of declines
But increased their investments in stocks
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Equity funds manage to contain fall
Theme funds weather storm
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Who is the do-gooder?
The market rumour mill never closes shop, but generally spares sacred cows. The RBI is one such hallowed institution, which seldom figures in the Dalal Street talk-circles. However, desperate situation, perhaps, demands desperate ...
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DERIVATIVES MARKETS
It was ‘forced selling’ by speculators
Traders’ losses in F&Os triggered more selling
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RECOMMENDATION
TODAY'S PICK
Maruti Suzuki India (Rs 800.50): Buy
We recommend a buy in Maruti Suzuki India at current market price. It is clearly evident for the charts of Maruti Suzuki India that it has been on a medium-term downtrend since its life high of Rs 1,252 touched in late October 2007. During this ...
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Day trading guide
In the last session, the stock made a good fight back from the intra-day low by recovering most of its losses. Fresh long position should be initiated only if the stock moves above Rs 1,150.Infosys The stock ...
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IPOS
Recently listed stocks plunge below offer price
Fresh entry point to spurned IPO investors
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Meltdown worries Wockhardt; IPO review likely
Mumbai, Jan. 22 With nine days to go for the opening of Wockhardt Hospital’s initial public offering (IPO), the management is concerned over the dramatic developments in the stock market. “We will review developments and take a ...
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