Indian equities markets continued to rally for the second day consecutive day as market got a positive trigger from the RBI's monetary policy. The Reserve Bank of India (RBI) hiked its key short term repo and reverse repo rates by 25 basis points each. This was in line with the market expectations. The new repo and reverse repo rates stand at 6.5% and 5.5% respectively. The central bank however ... [Continue Reading]
Coal India Ltd. Lists At Rs.291, Gaining More Than 30%
India's largest IPO, Coal India Ltd. lists today at Rs.291 vs issue price of Rs.245. The most gain was for the retail investors, who got 5% discount in the IPO. The stock went up in very short time after listing amd made a high of Rs.324.95. We have strongly recommended to subscribe this IPO. ... [Continue Reading]
23 New Scrips to be Added in NSE F&O
The National Stock Exchange (NSE) is going to introduce 23 new scrips in F&O segment from October 29, 2010(Friday). 23 new scrips are 3i Infotech, Alok Industries, Bajaj Holdings, Bata, Bombay Dyeing, Central Bank, DCB, Escorts, Havells, HOEC, IGL, IndusInd Bank, IRB Infra, Jet Airways, Karnataka Bank, Max India, MRF, Oil India, S Kumars, SREI Infra, Sterlite Tech, Tata Motors DVR and TVS ... [Continue Reading]