Reuters Market Eye - Kotak Institutional Equities cuts MCX India from 'add' to 'reduce' with fair value of 500 rupees.

Kotak cuts MCX India to 'reduce'; fair value Rs 500

Reuters

The stock is currently trading at Rs 145 up almost 3% at on the National Stock Exchange (NSE).

Alstom T&D up 3% on new order worth Rs 105.5 cr

Business Standard

Auto stocks rallied on Tuesday morning as the markets opened in the green for the fourth straight session. On the BSE, the auto sector stocks were up about 3.9%, while the broader Sensex was up about 2.6%.

Investors find value in auto stocks; up 4%

BS Reporter

Shares of Tata Tele (Maharasthra), BGR Energy Systems and Sah Petroleums rose today after market regulator Securities and Exchange Board of India (Sebi) revoked the restrictions it had imposed on these companies for not complying with the 25% minimum public shareholding requirement (MPS).

TTML, BGR, Sah Petro rise after Sebi lifts curbs

Shares of India's major cement companies have gone for a toss so far this month. During this period, despite broader market carnage, key indices have lost a little over 5%, cement stocks are beaten anywhere between 7 and 18%.

Shares of top cement major crack 7-18% in August

Shares of India's largest lender - State Bank of India (SBI), which opened its 15,000th branch in Tamil Nadu last week, has emerged as one of the outperformers among its large peers amid market carnage.

Shares of SBI fall the least amid carnage; outperforms peers

Metal stocks have bucked the trend in today's trade on the stock exchanges.

Metal Stocks buck the trend; up between 2.5 and 4.5 %

The shares of OCL rose over 30 per cent in falling markets after the company fixed the record date for demerger of its steel and real estate businesses into two separate entitities. 


OCL up on demerger buzz

Time Technoplast was locked in the upper circuit, gaining 20 per cent from its previous close of Rs 611 to Rs 733.20  a new 52-week high. Volumes remained strong as just a shade less than 1.3 million

Payout hopes spur Time Technoplast

The stock, which hit an all-time high of Rs 676 last week, has appreciated more than 40 per cent after the company inducted four top officials of CLSA, the countrys largest foreign broking firm. 


India Info: Scrip wise

SKF India declined 12.9 per cent to Rs 409.80 when the parent company, SKF Group, announced on June 7 that it would build a Rs 270-crore greenfield factory for manufacturing large size bearings. 


SKF India: Rally punctured

Public sector power major Bharat Heavy Electricals (BHEL) surged close to 6 per cent from its previous close of Rs 2,153.60 to touch an intraday high of Rs 2,280, before settling for a close at Rs 2

BHEL up on provisional numbers

Though Autoline Industries listed at Rs 230  at a minor premium over its issue price of Rs 225  it touched a level of as high as Rs 287.7 and closed with a premium of 15 per cent at Rs 257.95. 


Autoline gains on debut

Gujarat Ambuja Cements (GACL) spurted 9 per cent to Rs 118.60 after it reported strong results for the third quarter ended March 31, 2006. 


Gujarat Ambuja up on robust numbers

In the domestic textile sector, the Sangam India stock is worth looking at. In a lacklustre Monday market, the stock rose 4.78 per cent to Rs 77.85 with a volume of around 95,000 shares. 


Stock watch: Sangam India

Select bank stocks lost ground after a sharp rally in yesterdays trading. Among the top losers in the banking sector wereKarnataka Bank, down 8.68 per cent to Rs 106.75, Karur Vysya Bank, down 5.65

Bank stocks run the correction course

The leading private sector banksICICI Bank and HDFC Bank, hit all-time high on Monday following a strong rise in their ADRs on Friday. ICICI Bank went up by 6 per cent to Rs 450.50 and HDFC Bank went

ICICI Bank, HDFC Bank hit roof on ADR spike

The Hanil Era Textiles counter was in action on Friday after the company announced that it had received an order from Chungi Industrial Company of South Korea. 


Korean order boosts Hanil Era Textiles

Wanbury  the final entity formed out of the merger of Wander with Pearl Organics  commenced trading on the stock exchanges and started off with a bang. The stock opened at Rs 130, went to a high of

Wanbury lists with a bang following merger

The Organic Coatings Ltd scrip was in buyers only territory on buzz that the Mumbai-based inks major is planning preferential allotment of equity shares to fund exports-led expansion plans. 


Organic Coatings soars on preferential buzz

The Indian Oil Corporation (IOC) stock was in the limelight on Friday, gaining nearly two per cent on news that ONGC proposes to buy back its 9.6 per cent stake held by the oil refiner.


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