MARKETS
MUTUAL FUNDS
MF bonus offers, a tax planning device
BARELY five weeks before the closure of the current fiscal, investors in mutual funds have started actively tracking bonus proposals mooted by various schemes with the hope of tapping tax-planning opportunities. Aiding their efforts are ...
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Standard Chartered MF plans for PFs to invest in G-sec
STANDARD Chartered Mutual fund is launching a plan for provident funds, under the Grindlays Government Securities Fund. This is following the recent amendment allowing provident funds to invest in government security funds. The PF plan carries ...
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TECHNICAL ANALYSIS
Bulls recover
THE sentiment reading of the tradable counters continues to remain bearish. Bull domination on Wednesday is likely to change the sentiment reading in their favour. Otherwise, the prevailing sentiment is likely to continue with a slight change in ...
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STOCK EXCHANGES
BSE products to help Net trading
THE Bombay Stock Exchange (BSE) on Tuesday launched two new products — Electronic Contract Notes (ECNs) and SpeedX Plus, a new Internet trading terminal for brokers and investors. BSE in a statement said ECNs is for members of both BSE ...
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MSE plans to enter NSE thru trading arm
The development is expected to increase the value of an MSE stock broking card .
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STOCK MARKETS
Sharp dip in disinvestment cos' stocks
SHARE prices of companies lined up for disinvestment have declined sharply from their yearly highs, contrary to the share movement in the earlier disinvestment process. Brokers said the decline in share value this time around was on account of ...
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Titain Industries: Ticks up swiftly
THE stock of Titan Industries moved up swiftly on Tuesday on heavy buying. A market source said that a large Mumbai-based investor was active at the counter of the watch and jewellery maker. There are several rumours floating in the market on ...
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DERIVATIVES MARKETS
Churning of positions to March contracts seen
EVEN as the spot market witnessed volatile action on Tuesday, trading activity picked up in the derivative segment on the NSE with only two days left for the settlement of February contracts. (February contracts are expiring on February 26). The ...
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OVERSEAS INVESTMENTS
Vedanta may offer swap to Sterlite shareholders
INDIAN investors may soon be able to own shares of Vedanta Resources Plc, the LSE-listed holding company of the $981-million Sterlite group. The mining and metals major is planning a medium-term exchange of Sterlite shares listed on Indian ...
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REGULATORY BODIES & RULINGS
Acquisition through off-market transactions — SEBI for 5 pc threshold limit
THE Securities and Exchanges Board of India (SEBI) is recommending that the threshold limit for acquisition through off-market transactions should be limited to 5 per cent of shares. This is following the observation of SEBI's internal group ...
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COMMENTARY
Interest in index stocks perks up market
AFTER a sharp decline on Monday, the markets picked up as index stocks attracted buying. The Sensex opened on a weak note and remained volatile during the day. Click here for table The last one-and-a-half hour, ...
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RECOMMENDATION
CMC: Avoid
INVESTORS may avoid subscribing to the sale of shares made by the Government in CMC at the floor price of Rs 475 per share. At 20 times its annualised 2003-04 earnings, the stock's valuation is stiff. To sustain the existing market ...
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IBP: Avoid
INVESTORS can give this offer the go by. IBP is certainly a fundamentally strong company with good prospects going ahead but the stock appears fully priced even at the floor price of Rs 620 per share, leaving limited scope for appreciation. There ...
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IPOS
Govt fixes price band of Rs 385-400 for DCI shares
THE Government has fixed a price band ranging between Rs 385 and Rs 400 per share for sale of 56 lakh shares worth 20 per cent of the equity in the state-run Dredging Corporation of India (DCI). Retail investors who subscribe to the issue would ...
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