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Friday, February 20, 2004

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MARKETS

MUTUAL FUNDS
MFs turn net sellers ahead of big IPOs
MUTUAL funds have turned net sellers in the equity market this month after being net buyers in the past three months. According to market analysts, mutual funds are facing redemption pressure as several unit holders are encashing their ... More

Principal Mutual launches Global Opportunities Fund
PRINCIPAL Mutual Fund has launched its Global Opportunities Fund - a diversified equity fund that will invest in shares of international companies. This is first such fund to be launched in the country. The universe of stocks that the fund ... More

TECHNICAL ANALYSIS
Steep fall
THE sentiment reading of the tradable counters stands bearish. Irrespective of bull or bear domination on Friday, the prevailing bearish sentiment is likely to continue with a slight change in its value. Nifty futures recommendation: ... More

STOCK MARKETS
FII selling pulls down Sensex by 172 points
A WAVE of selling by foreign institutional investors ravaged the stock market today shredding stock prices and pulling down indices. Domestic mutual funds, said to be facing some redemption pressure ahead of a string of primary issues, were ... More

Goodlass Nerolac shines on strong fundamentals
IMPROVED fundamentals and good growth prospects have shored up market interest in the counter of Goodlass Nerolac Paints Ltd (GNPL), with the stock hitting a 52-week high of Rs 489.95 intra-day on the bourses today. According to market sources, ... More

Bonus, stock split drive it
ON a day when most stocks fell, Divi's Laboratories was an exception. In fact, on Thursday the stock gained 6.68 per cent at Rs 1,733.75 on the BSE with volumes of 35,846 shares. On the NSE, it closed at Rs 1,733, up 5.68 per cent with volumes of ... More

Sterling Biotech clocks 52-week high
THE Sterling Biotech stock on Thursday touched its 52-week high at Rs 139.50 on the Bombay Stock Exchange, but closed slightly lower at Rs 134. According to dealers, the stock largely withstood the general selling onslaught in the market and ... More

DERIVATIVES MARKETS
BHEL outlook negative; sell February futures
The following strategies are based on Thursday's trading in the spot and the derivatives segments on the NSE: BHEL: The stock closed at Rs 600 in the spot market. The outlook appears negative. The downside price target is Rs 583. If ... More

REGULATORY BODIES & RULINGS
SEBI (Ombudsman) Regulations 2003 — Much needs to be clarified
THE Security and Exchange Board of India notified the Ombudsman Regulations 2003 with effect from August 21, 2003. The ombudsman is empowered to:

  • Facilitate amicable resolution of the complaint(s) against any ... More

    COMMENTARY
    Bank, technology stocks lead the plunge
    THE modest reversal in stock prices on Wednesday assumed larger proportions on Thursday as stock prices plunged. Technology and bank issues led the decline as Sensex closed the day with a loss of 172 points. At BSE, 46 stocks, most of them ... More


    Stock Quotes
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    Top Stories
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