Morning news-14 April

London based billionaire among bidders for Financial technlogies’ MCX stake 

MUMBAI: An entity representing the interests of London-based Lord Bagri family has bid for the 24% stake of Financial TechnologiesBSE -0.75 % (FT) in Multi Commodity Exchange (MCX), two sources close to the deal said.

Time to get D-Street smart as doubts crop up about the strength of recent rally 

"It is time to rationalise your portfolio and focus on quality names because cyclicals have gone up without the support of fundamentals," said S Naren, chief investment officer, ICICI Prudential MF, which manages Rs1 lakh crore in assets.since the rally started mid

February, shares of banks, infrastructure and realty companies have been the top performers. BSE's Realty Index is up 29%, Capital Goods Index has risen 27% and PSU bank index has gained 21% in past two months against the 10% advance in Sensex.