An army officer narrates his harrowing tale of how his life savings got wiped out at Motilal Oswal, his victory in consumer courts and how SEBI took the brokers’ side despite clear grounds of fraud and forgery. And SEBI is supposed to protect investors’ interests! The very first sent…
Continue reading...Swing trading call, buy GMDCLTD on dips
Gmdc has got good support around 185 levels and it gave a good close on last day. As far as it holds above these levels, we expect it to move higher. Gmdc ltd – closed at 195.6 Buy on dips Buy range -193 to 189 Target levels – 200/206/213 Stop loss 185 closing basis Chart given …
Continue reading...Reforms, RBI give some help to your finances
Though household expenses are up, borrowing will be cheaper In the past couple of years, investors have been grappling with negative to negligible returns from stocks and mutual funds. However, things seem to have changed since the beginning of this month at domestic-cum-global levels. O…
Continue reading...Govt wins mkt’s trust vote
It was another lucky Friday for the markets. Key stock indices surged to 14-month highs and the rupee gained after the government slashed a tax on foreign borrowing by local firms and included mutual funds in the Rajiv Gandhi Equity Savings Scheme, giving a clear signal to investors about…
Continue reading...Markets surge to highs of the day
Markets are near the day’s high in afternoon trades on the back of gains in banking and metal shares. BSE Sensex is up 447 points at 18,796 – after touching a high of 18,866 earlier in the day. The Nifty is up 137 points at 5,691. Meanwhile in Asia, Hang Seng has added 140 po…
Continue reading...Cong core group meets after Mamata decides to exit UPA
With the support of outside allies govt may still be comfortably placed with support of over 300 members A day after Trinamool Congress decided to withdraw support to UPA, the Congress top brass was today huddled in a meeting with party president Sonia Gandhi and Prime Minister Manmohan …
Continue reading...Markets to remain closed on Wednesday, 19th Sep’ 2012
Markets to remain closed on Wednesday, 19th Sep’ 2012 on account of Ganesh Chaturthi …
Continue reading...Top 9 firms add Rs 62,604 cr in m-cap, RIL biggest gainer
IT majors — TCS and Infosys — together added Rs 13,507 crore to their combined market value Buoyed by firm stock market trends, the combined market valuation of top-nine Sensex firms advanced by Rs 62,604 crore last week, where RIL and Coal India saw the biggest gain. These …
Continue reading...Sensex zooms 406 points, Nifty regains psychological 5,500 level
Mumbai: The BSE benchmark Sensex surged over 406 points in early trade on Friday on flurry of buying by funds and retail investors, driven by strong global cues after the Federal Reserve unveiled a fresh stimulus plan to help bolster the US economy. The 30-share barometer, which has gain…
Continue reading...Diesel price hiked by Rs 5/litre, cap on LPG cylinder supply
New Delhi: Biting the bullet, the government Thursday hiked diesel prices by a steep Rs 5.62 per litre and restricted the supply of subsidised cooking gas to 6 cylinders per household in a year to fetch an additional Rs 20,300 crore. It, however, left kerosene rates untouched and spared …
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