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PN Vijay, Portfolio Manager, said it was very difficult to decide how the markets would pan out by the end of December. He expects to see some improvement in the market scenario only in six months time, considering, the fall the market saw during October and the watershed situation we are in right now. read more
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Sugar stocks are in focus today, especially UP sugar mills, ahead of allahabad court hearing on cane pricing. Airline stocks are trading weak. There are volume buzzers in today's trade as well. Shasun chemicals lost nearly 10% on high volumes. Mysore cements fell 8% on good volumes. read more
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Mumbai, Nov. 4 Religare Enterprises Limited (REL) has agreed to acquire Lotus India Asset Management Company from the majority shareholders, Alexandra Fund Management, an affiliate of Singapore-based Fullerton Fund Management Company Ltd and read more
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Mumbai, Nov. 18 Aloula Geojit Brokerage Company, the recently established joint venture between Geojit Financial Services and Saudi Arabia’s Al Johar group, said it had started executing trades on Saudi Arabia’s stock Exchange, read more
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When Norway's Telenor last month paid a handsome $1.1bn for 60 per cent of Unitech Wireless, a greenfield Indian mobile operator, telecom analysts in India were surprised read more
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Hyderabad, Nov. 12 Putting to rest speculation about the likely buy-back offering, Satyam Computer Services has made it clear that the company is not contemplating that option for read more
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Two of the world's largest mobile operators, China Mobile and India's Bharti Airtel, are eyeing global acquisitions, underlining a shift in momentum in the sector from developed operators to cash-rich companies from emerging markets read more
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Deven Choksey feels unless the RBI signals a cut in the reverse repo rate and asks banks to start lending to the corporate, the liquidity situation is not likely to ease. Rajesh Jain said the present crisis is a crisis of confidence. There doesn't seem to be any stopping or midpoint where the worst seems to be improving and one starts buying. read more
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High Implied Volatilities are discomforting and the Nifty is likely to face major resistance at 31503200 levels, says Abhinay Jain. read more
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According to SKP Securities' Technical Analysis report, Nifty has its support at 2525 and resistance at 2980. Corresponding levels for sensex are 8700 and 9330/9417. read more
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Market was under pressure due to unwinding pressure in FO, which is more vulnerable to fresh shorts. Call writing seen at 31003200 and that is seen as resistance for the market and on the downside 27002800 seen as support, says Thukral. read more
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Today's rally is largely led by short covering. Reliance Industries (RIL) is holding on since morning trade; few long only funds have been buyer for past few days. read more
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