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Wednesday, January 07, 2004

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MUTUAL FUNDS
Reliance MF plans media, power, pharma funds
RELIANCE Mutual Fund has mooted three sector funds dedicated to media, power and pharma. The MF, which runs the country's only banking sector fund, has moved SEBI for clearance. Reliance MF's media and power funds, when launched, will be the ... More

Corpn Bank to sell DSP Merrill MF products
CORPORATION Bank has signed an agreement with DSP Merrill Lynch Mutual Fund to distribute mutual fund products of the latter as a part of the bank's strategy to increase the bouquet of products being offered to its clients and to earn fee-based ... More

MFs to follow uniform cut-off time for calculating NAVs
MUTUAL Funds have agreed to follow a uniform cut-off time for calculating applicable NAVs (net asset value) for their schemes. The Association of Mutual Funds in India (AMFI) would be submitting its recommendations for implementing the uniform ... More

TECHNICAL ANALYSIS
Bear domination
BULLS maintained their pressure during the initial hours of Tuesday's trading. During the wee hours of the day's trading bears made a smart recovery and gained control of further proceedings. This resulted in terminating most of the uptrend ... More

STOCK MARKETS
Sensex takes a knock, swings 200 points in volatile trading
PROFESSIONAL fund managers and equity analysts have begun to advise caution now that stock indices have risen out of their deep troughs to all-time highs. The small-scale investor, however, appears to have begun punting in right earnest at the ... More

Nocil spurts on `Reliance interest'
IN an otherwise volatile market, the stock of National Organic Chemical Industries Ltd (Nocil) surged ahead to hit a new high intra-day, amidst rumours that Reliance Industries may be looking at buying out Nocil's petrochem business. There was ... More

Stock-split confusion in L&T
There were a lot of confusions in the market over the restructuring and the stock-split announced by L&T. This reflected in the stock price movement. The stock opened firm and touched an intra-day high of Rs 565 and a low of Rs 515 and ... More

DERIVATIVES MARKETS
IT counters at receiving end
DESPITE the market taking a sudden beating during the latter part of the day, trading activity picked up the derivative segment on the NSE on Tuesday. The NSE recorded a higher turnover of Rs 15,135 crore as against Monday's Rs 15,104 crore, ... More

COMMENTARY
A volatile day ends in heavy losses
IT was a sea of red as the first signs of correction set in during the last couple of trading hours on Tuesday. The benchmark indices Sensex and Nifty — that witnessed a consistent run in the last one week creating new benchmarks — ... More

IPOS
ONGC, GAIL public offers open on March 10
THE public offer for sale of the Government's 10 per cent equity each in exploration firm Oil and Natural Gas Corporation (ONGC) and gas transmission company GAIL (India) is slated to be opened for subscription from March 10 to 16. The merchant ... More

TRENDS
Huge rush to convert shares into demat
AS stock indices are at their all-time highs, small and retail investors seem to be cashing in on the booming market by selling their holdings. A clear signal of this is seen in the conversion of large number of physical shares into demat form. ... More


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Top Stories
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Looking back
Dec. 28-Jan. 3
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