MARKETS
MUTUAL FUNDS
Income schemes dominate MF asset base
THE gap between equity and debt assets managed by mutual funds remains as significant as ever, with income schemes managing close to Rs 70,000 crore, an overwhelming portion of the industry's total asset base of Rs 1,45,373 crore. Figures for ...
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DSP Merrill Lynch to launch diversified equity fund
DSP Merrill Lynch is launching a diversified equity fund that would invest in shares of corporates that stand to benefit from liberalisation of economic policies and investments in infrastructure. The scheme has been christened DSP Merrill Lynch ...
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TECHNICAL ANALYSIS
Bulls recover
THE sentiment reading of the tradable counters remains bearish. Bull domination on Monday is likely to change the sentiment reading in its favour. Otherwise, the prevailing bearish sentiment is likely to continue with added strength. More
STOCK MARKETS
Sensex recovers, but markets still cautious
WITH the Disinvestment Minister donning the boxing gloves, the "bear cartel" appears to have withdrawn to the ropes, easing jangled nerves and pulling together frayed stock prices. News that the Government has found enough buyers - many of ...
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Reliance rumours keep MTNL afloat
MARKET rumours about stake acquisition by Reliance in MTNL are gathering strength again, buoying the MTNL scrip. The share closed on Friday at Rs 136.45 on the BSE and at Rs 136.65 on the NSE. Volumes are also looking up and about 7.7 lakh shares ...
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FII interest in tech biggies
A LARGE foreign broking firm was said to be buying stocks of Infosys Tech and Satyam in large quantities on Friday. According to a dealer, a strong showing of Nasdaq has brought back foreign institutional interest (FII) in Indian technology ...
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Balmer Lawrie Investments sees bulk deals
THE stock of Balmer Lawrie Investments (BLI), the listed special purpose vehicle for holding 61.8 per cent in the PSU Balmer Lawrie, on Friday attracted substantial increase in the trading volume on bulk buying. The counter recorded a traded ...
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DERIVATIVES MARKETS
SBI: Outlook positive, buy March 600 calls
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: SBI: The stock closed at Rs 585 in the spot market. The outlook appears positive. The upside price target is Rs 640. Consider ...
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NSE issues notice to revise size of derivative contracts
THE National Stock Exchange has issued notice to revise the size of derivative contracts. This is in compliance with the Securities and Exchanges Board of India's regulation seeking to maintain the size of derivative contracts at manageable ...
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COMMENTARY
Heavyweights push Sensex up
THE markets continued to witness volatile trading activity on Friday, as the benchmark BSE Sensex closed the last trading day of the week on a bullish note. Aided by the buying interest in the key index heavyweights, the 30-stock index rose ...
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PUBLIC OFFER
5 PSU offers oversubscribed
FOLLOWING some tough talk by the Disinvestment Minister, Mr Arun Shourie, the investors' response to the Government's disinvestment process gained momentum with all the five issues so far opened getting oversubscribed. The investors faith in ...
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Retail investors keeping away
RETAIL investors seem to be refraining from the Government's disinvestment process if one goes by the break-up of the investors' participation in the public offers of IPCL, IBP and CMC. On the other hand, mutual funds and FIIs have emerged as ...
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Response heartening, says Shourie
THE Government on Friday said that the responses to the public offers in five companies so far has been "heartening" with all the issues which hit the market, getting over-subscribed. The allocation of shares for the IPCL public offer, which ...
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GAIL offers staff loan for subscribing to IPO
GAIL (India) Ltd has offered its employees a loan from State Bank of India (SBI) to invest in the company's public issue. The offer for sale for 10 per cent of the Government's equity share in GAIL opened on Friday and the bidding will close ...
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`IBP road shows should have started earlier'
IBP Ltd said on Friday that road shows for its public issue should have started earlier as the time available for institutional investors was less. "Dates came up very fast. Perhaps we should have started the road shows a little earlier," the ...
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ECONOMIC OFFENCES
SEBI bans Badani for a year
THE Securities and Exchange Board of India (SEBI) has banned Mr Shashikant Badani, in the matter of Cyberspace Ltd, from buying, selling or dealing in securities for one year. The 2001 scam involving Unit Trust of India was with regard to the ...
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