MARKETS
ANNOUNCEMENTS
Corporate developments
Everest Kanto Cylinder Ltd has informed that EKC Industries (Tianjin) Co Ltd, the company’s wholly owned subsidiary in China, has successfully completed the trial production phase and commercial production has commenced ...
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MUTUAL FUNDS
ICICI Pru to disclose more
Mumbai, May 13 ICICI Prudential AMC announced on Tuesday that it will disclose details of securitisations and pass through certificates across all its fixed income funds on a consolidated basis in its April 2008 fact sheet. This is the ...
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STOCKS
Open offer hopes lift MphasiS
EDS holds majority stake in Bangalore co
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Aluminium stocks up on firm LME price
Prices have been moving up since May 11
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Merck deal: Fruits for Ranbaxy R&D arm
Lends revenue-visibility to the latter
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Cement stocks wilt under Government pressure
Already squeezed profit margins to face futher pressure
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DERIVATIVES MARKETS
Open positions decline for Reliance Petro, REL
NSE volatility index jumps to 33.43%
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FOREIGN INSTITUTIONAL INVESTORS
Lightspeed Venture mops up $800 m for a global fund
To invest in growth stage companies in India, China
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RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
IndusInd Bank (Rs 85.25): Sell
We recommend a sell in IndusInd Bank from a short-term perspective. It is evident from the charts that the stock was on a medium-term uptrend between late March 2008 and early May 2008, from its a low of Rs 68 to an high of Rs 105. After ...
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Day Trading Guide
Fresh short-position can be initiated only if the stock declines below Rs 872, with tight stop loss.Infosys The stock has formed a bearish engulfing candlestick pattern in the last trading session, indicating ...
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IPOS
Gokul Refoils IPO subscribed 4.27 times
Mumbai, May 13 The initial public offering of Gokul Refoils and Solvent Ltd got subscribed 4.27 times according to NSE Web site The issue received bids for 2.97 crore shares as against the 71.58 lakh shares on offer, according to the latest ...
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ECONOMIC OFFENCES
Apellate Trbunal holds Wockhardt CFO guilty of insider trading
Mumbai, May 13 The Securities and Appellate Tribunal Tuesday upheld a SEBI order finding drug-maker Wockhardt Ltd’s Chief Financial Officer Mr Rajiv Gandhi, his wife and sister guilty of insider trading.A November 2006 order by ...
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INVESTOR PROTECTION
Investors can keep IPO money till allotment
Mumbai, May 13 Investors no longer have to wait for weeks for refund of their IPO application money.The application money earmarked for an IPO will now remain in the applicant’s bank account till the allotment is finalised, thus ...
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