MARKETS
ANNOUNCEMENTS
Corporate developments
Bajaj Hindusthan Sugar & Industries Ltd has said that the company’s new 12,000 TCD plant at Uttraula in district Balrampur in eastern Uttar Pradesh, has commenced operations. With this new plant, the aggregate ...
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NEW FUND OFFER
DSP Merrill Lynch launches new energy fund
Mumbai, Feb. 25 DSP Merrill Lynch Fund Managers Ltd has announced the launch of DSP Merrill Lynch Natural Resources and New Energy Fund, an open ended equity growth scheme.The scheme will invest in companies which belong in the natural ...
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AIG Investments launches short-term fund
Mumbai, Feb. 25 Asset management company AIG Investments has launched `AIG Short Term Fund’, which is an open ended income scheme. The primary investment objective of this scheme is to generate income from a portfolio consisting ...
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STOCKS
Top IT counters make recovery
Kolkata, Feb. 25 IT stocks were up today on a relief rally. HCL Infosystems gained over 5 per cent. HCL Tech went up around 4 per cent. Wipro was up more than 4 per cent. Infosys moved up by 2.11 per cent. Satyam Computer gained 2.62 per ...
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IMPACT
Benefits not clear at this juncture
Centurion Bank-HDFC Bank
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IMPACT
Dish TV: Uncertainty ahead on cancellation of pref offer
Dish TV has cancelled the Rs 250-crore preferential allotment of equity shares and warrants to Indivision India Partners. The placement was made a couple of months ago, and appears to have fallen through due to the steep decline in the stock ...
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Bonus offer boosts Reliance Power
Stock closes above IPO price for the first time
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TAXATION
CBDT decides against tax on short selling of securities
New Delhi, Feb 25 The Central Board of Direct Tax (CBDT) has decided that short selling of securities would not attract the securities transaction tax (STT). It has also now specified the lending of securities under the SLB scheme would not ...
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TECHNICAL ANALYSIS
Volatile movement
Monday’s trading activity witnessed volatile movement. The sentiment reading of the tradable counters changed to bullish. Bear domination on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the current ...
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STOCK EXCHANGES
BSE to buy 26 pc stake in NMCE
Mumbai, Feb. 25 The Bombay Stock Exchange Ltd has signed an agreement to buy a 26 per cent stake in Ahmedabad-based National Multi-Commodity Exchange of India (NMCE) for an undisclosed amount. Mr Kailash Gupta, Managing Director, NMCE, said ...
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DERIVATIVES MARKETS
Nifty open interest rollover stands at 36%
RPower, Reliance in limelight
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RECOMMENDATION
TODAY'S PICK (Latest Today's pick audio)
Alstom Projects India (Rs 739.45): Buy
We recommend a buy in Alstom Projects India from a short-term perspective. From the charts, we see that the stock met with a key resistance level at around Rs 1,085 in early January and began to decline. The stock’s downtrend continued up ...
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Day Trading Guide
The stock formed a bullish hammer candlestick pattern accompanied with good volume on Monday, which indicates short-term bullishness. We recommend a buy in this counter. Infosys Buy the stock in dips with a ...
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IPOS
Tulsi Extrusions, IRB make premium debut on NSE
Mumbai, Feb 25 Tulsi Extrusions and IRB Infrastructure Developers today made their debut on the capital markets at a premium on NSE. Tulsi Extrusions, PVC pipes and fittings manufacturer for the irrigation, industrial, infrastructure and ...
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