The Hindu Business Line : Tuesday, December 09, 2003

Deutsche Mutual plans another equity fund
DEUTSCHE Mutual Fund has proposed to introduce an equity scheme with the BSE 200 as its benchmark index. The proposed Deutsche Fortune Fund, which will be the second equity product in the MF's stable, will seek to generate capital appreciation ... More

PF scheme from BOB Mutual Fund
BOB Mutual Funds has floated the BOB PF Plan under its gilt fund. This is subsequent to the Government permitting provident fund trusts to invest in mutual funds, said a press release. The plan is available for subscription from December 9-22. ... More

TECHNICAL ANALYSIS

Volatile Movement
THE market witnessed volatile movement during Monday's trading. Neither the bulls nor the bears had control over the day's trading activity. The market sentiment reading of the tradable counters remains bearish. Bull domination on Tuesday is ... More

STOCK MARKETS

Digital Globalsoft: Hope of a better price
INVESTORS jacked up the price of Digital Globalsoft on Monday to beyond Rs 750 a share, the floor price at which HP India has offered the public to buy shares of the company through a reverse book building process. This is the first time the ... More

Merger rumour energises Pfizer, Pharmacia Health
THE stock prices of Pfizer India and Pharmacia Healthcare gained on Monday's trading on market expectation of a possible merger between the two companies. On Monday, the stock price of Pfizer gained 6.57 per cent to Rs 521.05 on the BSE, with a ... More

Funds' buying boosts Amara Raja Batteries
THE Amara Raja Batteries stock moved up further on purchases by a couple of large broking firms. The buy recommendation from these firms, based on expectation of improvement in the fundamentals during the third quarter, has aroused some retail ... More

Bharti Tele soars on break even buzz
REPORTS that Bharti Tele-ventures is likely to break even this year sent the domestic telecom major's stock surging ahead on the bourses amidst good volumes. In addition, technical chartists maintain that at these levels the stock is poised ... More

DERIVATIVES MARKETS

Outlook negative on NIIT, IPCL
THE following strategies are based on Monday's trading in the spot and the derivatives segment on the NSE: NIIT: The stock closed at Rs 234 in the spot market. The outlook on this stock is negative. The downside price target is Rs 200. ... More

FOREIGN INSTITUTIONAL INVESTORS

A new form of colonialism
Holding as much as 30 per cent of the equity capital of the 10 largest Indian companies, and nearly 20 per cent of the equity of the top 50 firms, foreign institutional investors are today responsible for determining the mood of the stock market. Whi le SEBI suspects that a fifth of the funds brought in by FIIs could be "hot" money, it cannot easily establish this, let alone nail those guilty of such transactions, says Paranjoy Guha Thakurta. More

COMMENTARY

Flat end to a choppy trading day
THE benchmark indices yo-yoed between the positive and the negative territories during Monday's trading. The Sensex closed marginally lower at 5131.54 points (down 0.18 points). The Sensex came off the day's high of 5163.01 points in early trades ... More

Stock Quotes
SE Diary

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