MARKETS
MUTUAL FUNDS
DSP Merrill Lynch in distribution pact with Oriental Bank
New Delhi, Jan. 31 DSP Merrill Lynch Fund Managers on Thursday signed a distribution agreement with Oriental Bank of Commerce (OBC) to distribute its investment products especially mutual funds through the latter’s branch ...
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STOCKS
Tata Chemicals acquisition timed well
To result in better profit margins
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HUL closes buyback of shares
Mumbai, Jan. 31 Hindustan Unilever Ltd announced the closure of their buyback scheme on January 31, at the bourses.The company had set aside Rs 630 crore to buy back up to 25 per cent of its stake at a price not exceeding Rs 230 per ...
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GMR to raise Rs 250 cr thru rights issue
Hyderabad, Jan. 31 The board of GMR Industries Ltd has approved plans to raise Rs 250 crore through a rights issue, at its meeting held here on Wednesday.expansion plans Part of the proceeds would be ...
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Realty, housing finance stocks losing ground on liquidity concerns
Developers facing fall in demand, valuations being questioned
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TECHNICAL ANALYSIS
Volatile movement
Thursday’s trading activity witnessed volatile movement. The sentiment reading of the tradable counters changed to neutral due to expiry. Bull move on Friday is likely to change the sentiment reading in their favour. On the ...
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FINANCIAL PERFORMANCE
JRG Securities net grows 315 per cent
Kochi Jan. 31 The net profit of JRG Securities Ltd grew by 315 per cent to Rs 2.67 crore (Rs 64 lakh) for the third quarter of the current fiscal. The gross income of the company grew by 129 per cent to Rs 18.31 crore (Rs 7.99 crore). ...
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STOCK MARKETS
Wockhardt Hospitals’ bids delayed by snag
Lower price band came in late for systemic adjustment
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DERIVATIVES MARKETS
Nifty future in steep discount
Turnover picks up
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FOREIGN INSTITUTIONAL INVESTORS
Fed rate cut may not augment FII inflows
Money to flow only if returns are good
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Block deals dip on cautious sentiment, FII profit booking
‘Situation will continue till markets stabilise’
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REGULATORY BODIES & RULINGS
SEBI hopeful of setting up an exchange for SMEs this year
Regional exchanges unlikely to be given the responsibility
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RECOMMENDATION
TODAY'S PICK
Canara Bank (Rs 289.45): Buy
We recommend buy in Canara Bank from a medium-term perspective. From the charts of the Canara Bank, we note that the stock has been on a stable up-trend since its listing in 2002. However, after recording an all-time high of Rs 421 in early ...
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Day trading guide
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IPOS
KNR Constructions fixes IPO price at Rs 170
Hyderabad, Jan. 31 KNR Constructions Ltd, an infrastructure project development company, has fixed the issue price at the lower end of the price band at Rs 170 per equity share for its initial public offering of 78.74 lakh equity shares of Rs ...
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Market woes: Emaar MGF cuts price band ahead of IPO
New Delhi, Jan. 31 Stung by the prevailing choppy market conditions, real estate major Emaar MGF Land, which had earlier announced plans to raise up to Rs 7,072 crore through a public offer, today decided to cut the offer price. The ...
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Reliance Power: 43 lakh investors to get shares
Hyderabad, Jan. 31 Reliance Power, which recently entered the capital market with its maiden offer of 22.8 crore shares, is set to allot 15 shares apiece to 43 lakh retail investors, who have applied for 225 shares and above.On this ...
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