On Wednesday, turnover on MCX in the first session was Rs39.98bn, down 2.2% from last day’s turnover in the same session. Trades totaled 73,924. rn
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Central Bank of India on Wednesday fixed Rs 102 as the issue price for its initial public offer, which would take its total resource mobilisation from the market to Rs 816 crore.
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The market will open strong but may give up its gains during the day, as huge shorts have been built by institutions, which are unlikely to be covered till the market crosses previous highs, says Harihar.
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Crude for September delivery was at US$76.64 a barrel, up 11 cents. Yesterday, oil fell US$1.68, or 2.2%, to US$76.53 after touching US$78.77
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Sangeeta Purushotam of Religare Securities says that the markets are likely to see uncertainty in markets for few more weeks.
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Markets turned volatile after Wednesday's savage drop. The key indices erased gains to end flat as traders consolidated their positions.
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According to Technical analyst Rajat Bose, although markets had a 600point fall, technical charts suggest that Sensex can touch the low of 12316. However, if that level is tested but not broken, and there is a bounce back, then 3650-3680 would act as a resistance.
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Hyderabad, Aug. 3 Virtusa Corporation, an information technology services company, on Friday announced the pricing of its initial public offering of 44,00,000 shares of its common stock at a price to the public of $14 per share. All of these ...
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Bulls dominated trade on Friday. Bear move on Monday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment is likely to be strengthened with additional counters. ...
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Since most inflows coming into mutual funds are coming through new fund offerings (NFOs), Fidelity Mutual Fund is relaunching its flagship Fidelity equity fund. This comes close on the heels of strong
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Dipan Mehta, Member BSE/NSE believes that Puravankara issue may just about a scrape through but would not expect a fabulous over subscriptions.
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Technical Analyst VK Sharma of Anagram Stock Broking says on the strenght of the markets in the last few days that based on yesterdays close, the market is strong at this point of time.
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Technical Analyst, Ashwani Gujral is of the view that market volatility has consistenly been coming down, which bodes well for the upmove. Strong support should exist between 4060 and 4120 on the Nifty.
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Jogin was reading about Murdoch, Mississippi, and mortgages. Sridevi was studying cases of offbeat diversification, such as a steel company getting into aviation, and a petrochemical player entering chip making. And Dakshinamoorthy was surfing ...
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Existing ones redemptions marginally higher than sales: Fidelity
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