The Hindu Business Line : Friday, August 29, 2003

Canbank MF launches new schemes
CANBANK Mutual Fund today launched the Can Short Term Plan and the Can Equity Diversified Scheme. Can Short Term Plan targets investments from corporates, financial institutions and other investors seeking low risk returns with an investment ... More

Sundaram MF raises minimum investment for entry load waiver
SUNDARAM Mutual Fund has raised the minimum level of investment required to qualify for a waiver on entry load on its equity schemes to Rs 25 lakh from the earlier level of Rs 25,000. In May and June, the fund waived the entry load on its ... More

Birla MF to offer 4 models under fund of funds scheme
BIRLA Mutual Fund has lined up a fund of funds (FoF) with four investment plans, based on the principle of asset allocation. The four plans have been identified as aggressive, moderate, conservative and dynamic debt. The FoF, the fourth of its ... More

TECHNICAL ANALYSIS

Bull run arrested
BEARS gained control of Thursday's trading activity. Bulls failed to make any impact during the day's trading. Neither the bulls nor the bears could gain much from the day's trading. The market sentiment reading of the tradeable counters remains ... More

STOCK EXCHANGES

DSE may okay demutualisation — Sans provision to restart trading
AN extraordinary general meeting (EGM) of the Delhi Stock Exchange (DSE) on Friday is likely to approve a demutualisation scheme that does not include any provision to restart trading on the exchange. The scheme has already been approved by the ... More

SEBI studies scope for self-regulatory bodies
THE Securities and Exchange Board of India, in its attempt to study the possibility of development of self-regulatory organisations (SROs) in India, has referred to norms outlined by the International Organisation of Securities Commissions ... More

STOCK MARKETS

Institutional interest at BPCL
PUBLIC sector Bharat Petroleum Corporation Ltd's stock has been attracting a lot of institutional buying. The interest in the counter is due to various reasons. One factor for the institutional interest is the turnaround of its subsidiary ... More

Acquisition buzz takes Marico to new high
THE Marico Industries stock today scaled a new 52-week high of Rs 206.60 on spirited buying by funds and institutions. According to dealers, the market was sniffing possibility of some acquisition, which will allow the company an entry into ... More

New initiatives boost Wockhardt
INDIAN `large to small' mid-cap pharma companies are having a good run on the bourses. One such beneficiary would appear to be the stock of Wockhardt Ltd. Touted as a "good medium story", the stock is regaining lost ground on the bourses on the ... More

DERIVATIVES MARKETS

BHEL: Trend reversal likely, short Sept futures
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Equity option: The outlook on BHEL appears negative. Note that more open positions have been added to puts than calls in the recent ... More

COMMENTARY

Gains in Nasdaq rev up software stocks
FUELLED by a rally in software and select pharma stocks, the BSE Sensex closed in the positive territory. However, it ended with only marginal gains of 6.73 points (or 0.16 per cent) at 4212.29 points. While the new economy stocks were the ... More

ECONOMIC OFFENCES

Samir Arora appears before SEBI for hearing
MR Samir Arora, former chief investment officer of Alliance Mutual Fund, barred from dealing in securities for alleged insider trading, today appeared for a personal hearing before the Securities and Exchange Board of India (SEBI). In today's ... More

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