MUTUAL FUNDS
MFs plan to reach small towns thru NSE network
MUTUAL Funds may try to piggyback on the National Stock Exchange's countrywide network of stockbrokers to reach small towns inexpensively following a growing interest in equities recently. The NSE's presence in over 350 cities has begun to draw ... More

`Transparency must to build investor confidence in MFs'
TRANSPARENCY and open book policies are what asset management companies must ensure in order to build investor confidence in mutual funds, according to Mr A P Kurien, Chairman, Association of Mutual funds in India (AMFI). Mr. Kurien was ... More

Reliance mops up Rs 700 cr on MIP
THE monthly income plan from Reliance Mutual Fund has collected over Rs 700 crore from 40,000 investors during its initial public offer, according to a company press release. This takes the total number of investors of Reliance Capital Mutual ... More

TECHNICAL ANALYSIS
Marginal gains
BEARS were in total command of Friday's trading activity. Their dominance left the bulls with no opportunity to recover during the day's trading. The sentiment reading of the tradeable counters stands bearish. Bull domination on Monday is ... More

STOCK EXCHANGES
Brokers unhappy over IndoNext rollout delay
BROKERS from regional bourses like the Bangalore Stock Exchange, along with four other regional stock exchanges in the South feel that they were losing out on business as the proposed IndoNext trading platform is yet to be rolled out. ... More

STOCK MARKETS
Sensex drops 250 points in 2 days on `correction'
STOCK market is finally seeing the much-awaited technical correction with the BSE Sensex losing around 250 points in just two trading sessions, the sharpest fall seen in the current bull-run. Heavy selling for the second day continued with BSE ... More

TV Today listed at Rs 220
THE shares of TV Today Network Ltd (TVTN) were listed on Friday at a price of Rs 220 on the Bombay Stock Exchange, more than double the issue price of Rs 95 per share but ended at Rs 181.35. During the session, they touched a low of Rs 179 and an ... More

Wipro is biggest wealth creator during 1998-2003: Study
WIPRO, the Bangalore-based IT company, created a total wealth of Rs 24,471 crore to be assessed as the biggest wealth creator between April 1998 and March 2003. During the period, the honour of being the fastest wealth creator went to ... More

Hindalco: Import duty cut fallout
THE counter of Aditya Birla group Hindalco was among the select metal stocks that saw heavy selling on Friday. If the market talk is to be believed, several FIIs were selling in the counter in the wake of concern over the competition from imports ... More

Sops drive Thomas Cook up
THE Thomas Cook (India) stock today had a fancy price flight along with an increase in the traded quantity. The stock price moved up by around 5.62 per cent on the National Stock Exchange with a traded volume of 42,344 shares. On the Bombay ... More

DERIVATIVES MARKETS
Ranbaxy: Outlook negative, buy Jan 1050 puts
THE following strategies are based on Friday's trading in the spot and the derivatives segment on the NSE: Tata Steel: The stock closed at Rs 438 in the spot market. The outlook could turn negative if the stock opens with a downside gap. ... More

COMMENTARY
Bank, cement stocks hit by selling pressure
IT was a day of broad-based selling at the both the bourses on Friday. After plunging to a low of 5914 points during the day, the BSE Sensex limped back to close the day at 5946.2 points, registering a 118-point decline from Thursday's ... More

IPOS
Patni offer price band at Rs 200-230
PATNI Computers Systems Ltd has announced an indicative price band of Rs 200-230 for its IPO. The offer comprises fresh issue of 1.34 crore equity shares of Rs 2 each and a sale of 53.2 lakh equity shares of Rs 2 each, aggregating 1.872 crore ... More

ONGC to file `red herring' draft prospectus
THE public offer of sale of the Government's 10 per cent equity or about 14.2 crore equity shares in the Oil and Natural Gas Corporation (ONGC) is expected to see a split of 50 per cent to institutional investors; 25 per cent to retail and 25 per ... More