MARKETS
FINANCIAL SERVICES
Transfer-cum-demat scheme withdrawn
NATIONAL Securities Depository Ltd (NSDL) has decided to withdraw the transfer-cum-demat scheme. The scheme was introduced by the depositories to counter the problems faced by the investors in the transition phase of moving from physical to demat ...
More
INSIGHT
Beware the market buzz
THE buzz on the street is that this time the stock market rally is different. It is broad based and not confined to any specific sector. Some analysts argue that this is an authentic bull run and not at all a ...
More
MUTUAL FUNDS
UTI ready to gobble big MFs
THE mutual fund industry is in for a major shake-up, with the country's largest mutual fund, UTI Mutual Fund, on the prowl for acquisitions. The Chairman, UTI Mutual Fund (UTI MF), Mr M. Damodaran, today said that the target group for ...
More
What's special about a mutual fund IPO?
INITIAL Public Offerings (IPOs) are back in flavour in the stock markets. And this trend is spilling over to mutual funds, too. Between July and December 2003, fund houses have rolled out 22 new offerings, mopping up Rs 3,826 crore; twice the ...
More
Canganga to pay 20 pc
CANBANK Mutual Fund has declared a 20 per cent dividend on Canganga, an open-ended equity-oriented balanced mutual fund scheme. Every unit with a face value of Rs 10 will receive Rs 2 as dividend. This income distribution will be tax-free in ...
More
Ajay Bagga to join Kotak Mahindra MF
MR Ajay Bagga, who was sales and distribution head at the erstwhile Kothari Pioneer MF, is slated to join Kotak Mahindra MF as its CEO. He is expected to take up his new assignment soon, Kotak sources indicate. Mr Bagga will be expected to lead ...
More
Canbank MF scheme dividend
TECHNICAL ANALYSIS
Bull run arrested
BULLS failed to maintain their pressure over Tuesday's trading activity. The day's activity resulted in terminating the uptrend in few tradable counters. The sentiment reading of the tradable counters continues to remain bullish with no downtrend ...
More
STOCK MARKETS
GlaxoSmithKline shoots up on good Q4 numbers
THE stock of GlaxoSmithKline Pharma rallied sharply, touching a 52-week high of Rs 645 (NSE) during intra-day trade, amid good volumes on the bourses today. While the company's Q4 numbers have provided a shot in the arm, brokers believe that ...
More
Sugar stocks sweeten up
COMMODITY prices have always known to influence voting patterns in elections and political parties have a history of colluding with sympathetic businessmen to inflate or deflate prices of essential commodities to swing votes. Soaring onion ...
More
Bank stocks in limelight
ON a day when stock market remained almost flat, stocks from the banking sector remained in the limelight mainly on the back of a strong economic growth in the current fiscal and upgradation of banks' foreign currency deposits rating to `stable' ...
More
Sensex may see a 13-24 p.c. correction: CLSA study
THE CLSA research team in its latest study on the stock market has come up with a view that the Sensex, the domestic benchmark, valuation is still reasonable. However, it is of the opinion that the current rally has not seen a significant ...
More
DERIVATIVES MARKETS
BoB: Outlook positive, buy March futures
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: BoB: The stock closed at Rs 245 in the spot market. The outlook appears positive. The stock could move to Rs 270 in the near ...
More
COMMENTARY
Sensex closes marginally up after yo-yoing
THE markets witnessed volatile trading activity on Tuesday as the benchmark BSE Sensex closed the day's trading marginally higher. The 30-stock index was up 6.3 points (0.11 per cent). Sensex opened firm at 5937.46 points, about 11 points ...
More
IPOS
Four Soft set to freeze acquisition by August
The company is close to firming up an acquisition in the logistics-related sphere.
More
INVESTOR PROTECTION
Some say `fairness opinion' on share valuation unfair
A SECTION of corporate India is against any regulatory move that would mandate a `fairness opinion' on the share valuation made by a valuer in relation to amalgamations, acquisitions, mergers/demergers or buyback. This stance comes even as the ...
More
`More IPOs mean stocks are heading south'
"The mutual fund asset management companies must ensure that they help investors profit from the opportunities in the market."
More
Stock Quotes
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds