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Thursday, February 12, 2004

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MARKETS

MUTUAL FUNDS
Retail participation in MFs on the rise
RETAIL participation in mutual funds schemes has nearly doubled in the last six weeks. Asset management companies attribute this to renewed retail interest in the stock market, change in investment mindset of retail customers and shift in ... More

Escorts Mutual Fund to rework proposal
THE Securities and Exchange Board of India's decision to allow equity funds take up to 50 per cent exposure to derivatives is prompting Escorts MF, which had mooted a special derivatives-based product last year, to take a fresh look at its ... More

MF investments point to hardening interest rates
PEOPLE who invest largely in company and bank fixed deposits may be in for a pleasant surprise as recent changes in bond investments by some mutual funds signal the chance of a rise in interest rates. Funds such as Franklin Templeton and Birla ... More

STOCKS
Fallout of broking firms' downgrade — ICICI Bank share price moves down 8 pc
A DAY after ICICI Bank announced its Rs 3,500-crore equity issue to the Indian public, its share price today plunged by about 8 per cent on both the BSE and NSE. The shares, which had increased by around four per cent yesterday, immediately ... More

TECHNICAL ANALYSIS
Bulls regain
BULLS regained control of Wednesday's trading activity. The sentiment reading of the tradable counters continues to remain bullish. Bears domination on Thursday is likely to change the sentiment reading in their favour. Otherwise, the ... More

STOCK MARKETS
Concern over swap ratio
THE counter of IFCI, which is to be merged with Punjab National Bank, came under heavy selling pressure on concern over its the merger ratio with PNB. Dealers said heavy selling was from players aware of an unfavourable merger ratio for IFCI ... More

Business restructure seen driving NIIT up
THE stock of NIIT Ltd has been steadily climbing up in the expectation of the business restructure being completed by March. NIIT had announced in October that the software solution business would be spun off as a separate company, to be ... More

Essar Oil stock active on renewed buying
THE Essar Oil stock on Wednesday was relatively more active on the National Stock Exchange on renewed interest from traders and speculators. Certain operators have shown interest from time-to-time in the recent months in the counter. A couple of ... More

DERIVATIVES MARKETS
Maruti: Buy February 450 puts
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: Maruti Udyog: The stock closed at Rs 474 in the spot market. The outlook could turn negative, if the stock cuts Rs 453 on the ... More

REGULATORY BODIES & RULINGS
An unacceptable `offer' argument
SEBI ought to regulate PSU disinvestment, says N. R. Moorthy More

COMMENTARY
Sensex swings back on late-hour buying
TRADING in a narrow band, the benchmark indices managed to end in the positive territory on Wednesday. The BSE Sensex, which slid into the negative territory in afternoon trades, rose towards the close to end with 17.3 points gain at 5946.78 ... More

IPOS
Dishman to tap market to support outsourcing
WITH outsourcing in the global pharmaceutical segment not facing the negative overtones witnessed in infotech, the Ahmedabad-based Dishman Pharmaceuticals & Chemicals Ltd is looking to strengthen its research and manufacturing facilities to ... More

PUBLIC OFFER
IPCL: Sale document to be filed this week
THE Government will soon approach the Registrar of Companies with the offer document for the sale of its residual equity in Indian Petrochemicals Corporation Ltd (IPCL) following the final clearance of the public offer by SEBI. "The sale ... More

Shoppers' Stop IPO in 3 months
THE Raheja Corp-promoted Shoppers' Stop Ltd's proposed public offer is finally taking shape. The retail chain has appointed JM Morgan, Kotak Mahindra and Enam Securities to manage its IPO, which is expected to be floated in three months time, ... More

PEOPLE

  • Mungla joining ABN Amro MF
    Stock Quotes
    SE Diary



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