MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, June 12 Steel Strips Wheels Ltd has achieved sales of 5,00,905 wheel rims during May as against 4,05,588 wheel rims during the same month in 2007, a growth of 23.50 per cent. The company also achieved production ...
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OPEN OFFERS
Why Ranbaxy Labs stock is falling?
Low acceptance ratio, capital gains tax disfavour buying
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FINANCIAL SERVICES
Sequoia scouting for more investments
May exit couple of firms through M&A
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NEW FUND OFFER
Fund houses push for globally oriented funds
As they help to diversify risk and optimise returns
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MUTUAL FUNDS
South Indian Bank, DSP Merrill join hands
New Delhi, June 12 DSP Merrill Lynch Fund Managers and South Indian Bank on Thursday have announced a strategic partnership for distribution of products. South Indian Bank will now distribute DSP Merrill Lynch Mutual Fund schemes ...
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Mutual funds seek level playing field in ULIPs
‘Existing regulations favour insurance cos’
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STOCKS
IFCI board allows LIC to pare stake
New Delhi, June 12 The IFCI board on Thursday gave its nod for Life Insurance Corporation (LIC) to align its stake in the non-banking finance company to 8.39 per cent, which is nearly 3 per cent lower than its current holding in IFCI. ...
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Fertiliser stocks rise on new subsidy plan
Expected to improve margins
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STOCK MARKETS
Bounce back
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DERIVATIVES MARKETS
Reliance Petro adds 67-lakh shares in open interests
IFCI sheds 26.2-lakh shares
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RECOMMENDATION
Himatsingka Seide (Rs 51.80): Buy
We recommend a buy in Himatsingka Seide from a short-term perspective. From the charts of the stock we note that it has been on an intermediate-term down trend from its January 2008 high at Rs 135. The stock has moved lower from this peak in a ...
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Day Trading Guide
Fresh long-position can be initiated, if the stock moves above Rs 755 level, with stiff stop loss.Infosys The outlook is cautious for the stock. Desist trading in this counter for the day.More
IPOS
Sejal Architectural subscribed 9.9 times
Mumbai, June 12 The initial public offering of Sejal Architectural Glass got subscribed a total of 9.9 times on the last day of the issue on Thursday. The issue received bids for 9.1-crore shares as against 91.9-lakh shares on offer, according ...
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