Page 4436 - Markets News
Nifty trading below 6,150; Bank Nifty down over 1%
ICICI Bank, HDFC Bank, SBI, Axis Bank and HDFC have plunged between 0.4-1.5%.
 "Nifty trading below 6,150; Bank Nifty down over 1%")
HMT extends rally after government approves restructuring plan
The stock has rallied 23% in past three trading sessions after it received approvals for its restructuring plans from the Government of India.
DCM Shriram hits 52-week high on share buyback, bonus issue plan
The sub-committee of the board recommend to look at all options including share buy-back, review of dividends policy, bonus issues etc.
Markets remain under pressure; Bank and Metal shares decline
Benchmark indices continue to remain under pressure as financial heavyweights like ICICI Bank, HDFC, and HDFC Bank decline by 1-2% each
 "Markets remain under pressure; Bank and Metal shares decline")
Metal shares dip on weak China PMI data
Tata Steel, JSW Steel, Hindalco, SAIL, Jindal Steel and Sesa Sterlite are down 1-2% on BSE.
 "Metal shares dip on weak China PMI data")
Esab India slips on weak Q4 earnings
Net profit of the company slips 33% to Rs 7.05 crore amid lower sales income
Rhodia Specialty surges as promoter increases delisting offer price
Solvay SA, one of the promoter of the company increases the delisting offer price to Rs 675 per share.
Hexaware Tech dips as stock turns ex-dividend
Record date for payment of interim dividend of Rs 7.50/share was fixed at February 21, 2014
Pre-market: Weak trend seen tracking subdued overseas cues
Weak opening seen tracking subuded Asian cues and overnight losses in US stocks
 "Pre-market: Weak trend seen tracking subdued overseas cues")
Emerging markets big risk to financial market stability: BofA-ML
The survey findings also warn that the EM now is the biggest risk to financial market stability while the developed markets (DM) counterparty and default risk is seen as minimal
 "Emerging markets big risk to financial market stability: BofA-ML")
Axis MF to buy ING Investment schemes
Deal, valued at Rs 20-30 cr, will add Rs 1,000 cr to Axis's AUM
 "Axis MF to buy ING Investment schemes")
Product needs to be self-sustaining to become attractive: R Sundararaman
Chief of new products, India Index Services & Products and Dotex International
 "Product needs to be self-sustaining to become attractive: R Sundararaman")
Small mutual funds may approach CCI
At present, 19 fund houses do not meet the new net worth norms. They account for six per cent of the mutual fund sector's assets
 "Small mutual funds may approach CCI")
Idea: Spectrum, licence renewal weigh
Any decision to increase rates, however, should provide support to the stock in the near term
 "Idea: Spectrum, licence renewal weigh")
AMCs to get 3 years to achieve Rs 50 cr net worth under new rule
Quantum MF, IDBI MF, BOI AXA, ING MF, Motilal Oswal MF, Sahara, Taurus, India Bulls and IIFL are among the fund houses with net worth below Rs 50 cr
 "AMCs to get 3 years to achieve Rs 50 cr net worth under new rule")
Markets reward mid-caps
About 192 stocks from the BSE-500, small-cap and mid-cap indices have gained by up to 44%
 "Markets reward mid-caps")
Rs 2 lakh needed to take a position on volatility
NSE still to formally decide but sources say 20% margin on VIX futures
 "Rs 2 lakh needed to take a position on volatility")
Today's picks
Nifty, Sun Pharma, Tata Steel, Reliance Industries & Bank of Baroda
Economy may have bottomed, investor sentiments can take U-turn: Prabodh Agrawal
Q&A with head of research (institutional equities) at India Infoline
 "Economy may have bottomed, investor sentiments can take U-turn: Prabodh Agrawal")