MARKETS
MUTUAL FUNDS
Balanced funds post lower returns
BALANCED funds have been posting declining returns over the last six months. Positioned as an equity exposure fund to the cautious investor, Balanced funds invest 60 per cent in equity and 40 per cent in debt instruments. Data on fund ...
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Integration of IL&FS, UTI schemes to be over by April
THE legal proceedings and final integration of the funds run by IL&FS Mutual Fund, now acquired by Unit Trust of India, would be completed by April, according to Mr A.K. Sridhar, President, UTI Asset Management Company Ltd. Products that are ...
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TECHNICAL ANALYSIS
Bulls regain
Bear domination on Monday is likely to change the sentiment reading in their favour. Otherwise, the prevailing bullish sentiment is likely to be further strengthened. Nifty Futures Recommendation: The March contract opened around its ...
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STOCK MARKETS
Block deal `sweetens' Balrampur Chini
TRADING in the Balrampur Chini counter was sweetened on Friday following a block deal on the National Stock Exchange involving 65,619 shares at Rs 300. The deal was struck at around 11 a.m. Brisk trading activity ensued immediately after that. ...
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Oil, gas scrips gain from interest in ONGC offer
AN overwhelming response to the ONGC public issue provided a fillip to the oil and gas sector scrips on Friday. Almost all oil and gas scrips posted gains. Brokers maintained that rumours of Mr Warren Buffet, the American investor, having bid ...
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Building positions
A LARGE corporate group is said to have built up a sizeable long position in the stock of Tisco. The group is said to be very bullish on the steel-maker in the short-term. Even though the Tisco counter saw some selling as soon as the market ...
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DERIVATIVES MARKETS
Outlook positive for Oriental Bank
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: Oriental Bank: The stock closed at Rs 297 in the spot market. The outlook appears positive. The upside price target is Rs 311. ...
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REGULATORY BODIES & RULINGS
Norms violation: SEBI suspends CSFB for a month
CREDIT Suisse First Boston (CSFB) has been found guilty of violating SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) regulations and has been suspended for one month by an order issued by Mr A.K. Batra, ...
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COMMENTARY
PSU stocks fuel rally in the bourses
AFTER a dull trading day on Thursday, the markets bounced back to life on Friday, buoyed by buying in the index heavyweights and old economy pivotals. The Sensex gained 64 points up from 5815.87 to close at 5880.35. The Nifty rose by 21 points to ...
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PUBLIC OFFER
ONGC offer opens in style — Oversubscribed 2 times on first day
THE sale of 10 per cent of ONGC shares — the largest-ever public issue in the country — was fully subscribed within 10 minutes of the opening of the offer. Unconfirmed reports said legendary investor Mr Warren Buffet put in large ...
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ONGC public offer: `A good deal for retail'
WITH institutional investors lapping up the ONGC stock within minutes of the issue hitting the market, a highly elated Government feels that retail investors should now see value in the scrip and subscribe to the offer for making it a grand ...
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Dredging Corpn cut-off price fixed at Rs 400
THE Government on Friday fixed a cut-off price of Rs 400 per share for the sale of its 20 per cent equity constituting 56 lakh shares in Dredging Corporation of India (DCI), garnering Rs 221 crore from the issue. Among the applicants, retail ...
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