Financial Daily from THE HINDU group of publications
Tuesday, March 09, 2004

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UTI Thematic Fund launched
UTI Mutual Fund has announced the launch of UTI Thematic Fund to capitalise on diverse investment opportunities across various sectors. The fund would be an open-ended growth-oriented equity scheme. According to a press release, the scheme ... More

Bulls march ahead
FOR the third successive trading day, the sentiment reading of the tradable counters stands favouring the bulls. Bear domination on Tuesday is likely to reduce the bull count to a bare minimum and thereby change the sentiment reading to bearish. ... More

Response to ONGC offer boosts market; Sensex gains 55
CHEERY response to the Government's discount sale of PSU shares has brought wavering investors and fickle speculators back in form. As demand for ONGC shares increased to three times the number of shares put on sale by the Government, the stock ... More

Techs dip, PSUs turn darling
If the market talk is to be believed, the selling was from various institutional investors, as they are now shifting their positions to the PSU stocks. Dealers said after the excellent response to the IPO of various public sectorcompanies, the ... More

Textiles stocks draw special attention
TEXTILES counters today drew attention of a section of investors over general and specific value-related issues. According to analysts, the broad impetus that has come off recently was inclusion of textiles items for potential bilateral trade ... More

Private placement buzz keeps Tata Power aloft
RUMOURS of a private placement have been aiding the stock of power generation and distribution player Tata Power Company to sustain its upward momentum on the bourses. As per the market grapevine, the company is reportedly planning a placement ... More

ONGC scrip rules firm on huge bids in IPO
THE stock price of ONGC ruled firm on Monday as its public offer continued to receive huge bids from institutional investors on the third day. In today's trading, the oil major gained 6.06 per cent at Rs 850.90 on the BSE, with 23.50 lakh ... More

GAIL: Outlook positive, buy March futures
THE following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE: GAIL: The stock closed at Rs 230 in the spot market. The outlook appears positive. The upside price target is Rs 252. Consider ... More

Oil, cement stocks stay in positive territory
FOLLOWING the surge in stock prices on Friday, the markets began the week on a high note to close in the positive territory for the second consecutive trading day. Buoyed by the continuing interest in oil stocks, the Sensex surged by 54 points ... More

Federal Bank loans for IPO subscription
KOCHI: Federal Bank has introduced a new retail product, Federal Equity Subscription Scheme, for financing the IPOs and public issue applications of its customers. Loan will be available to individuals for applying for IPOs and public ... More

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