MUMBAI: Cinema operator Pyramid Saimira Theatre Ltd said on Monday a promoter of the company had sold 6.5 per cent of his stake in the company through open market sale. Nirmal Kotecha’s shareholding in Pyramid Saimira will be reduced to 15.5 percent after the sale, according to the…

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The short-term market trend turned positive last week after a gap of a little over three months. The Nifty short-term (20 days) moving average closed above the mid-term (50 days) moving average on December 31, 2008, indicating a change in short-term trend to positive. The trend had been n…

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LONDON: Investors begin the first full week of 2009 trading on Monday with one question in mind: Is the worst over? Given that a 38 per cent loss on the broad US S&P 500 stock index last year was actually one of the better performances on stock markets, it is hard for some investors …

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For the week ended January 2, 2009, Nifty Futures closed nearly 6.49 % higher. In the process, it gave a technical bullish signal of having an upward Bar Reversal pattern. Generally, it gives a very good signal provided, there is follow up support. …

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The promoter holding in Satyam Computer Services has dropped by over three per cent to 5.13 per cent following share sale by lenders, with whom Ramalinga Raju and family had pledged all their shares. In a stock exchange filing, the company said that Satyam Chairman Ramalinga Raju held 8….

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The government’s second economic stimulus package, along with the Reserve Bank of India’s (RBI’s) decision to further cut policy rates as well as the cash reserve ratio — the amount which banks have to park with the central bank — has shown some hope for the stock markets, sa…

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The government on Friday unveiled the second and final round of its fiscal stimulus package, soon after the Reserve Bank of India announced cuts in repo and reverse repo rates and cash reserve ratio to fight the economic slowdown. The measures failed to satisfy analysts and observers, th…

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MUMBAI: Market regulator SEBI on Friday said that it has lodged an FIR with the Mumbai police for “forgery” of its communication in the wake of the Pyramid Saimira theatre episode. “An FIR has been registered at the Bandra-Kurla police station on January 1 to investigate…

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After six months of being net sellers in the market, the FIIs, in December, were net buyers. That is probably the first indication that the pressure to liquidate holdings has eased and the return on investment has once again become an important consideration in deciding on the choice of a…

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MUMBAI: Brokerages have begun handing out free demat and broking accounts in their bid to encourage equity investments among retail investors. Though such a generous marketing idea increases the burden on account books of brokers by about Rs 300 per fresh account opened, it will go a long…

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