MARKETS
MUTUAL FUNDS
ING Vysya MF unveils open-ended income scheme
ING Vysya Mutual Fund is launching an open-ended income fund, named the ING Vysya High Interest Fund. The primary objective of the scheme is to generate income by investing in high-yielding fixed income securities and money market instruments ...
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DSP Merrill Lynch MF bullish on asset growth
RIDING the crest of renewed interest among retail investors to invest in equity funds, DSP Merrill Lynch Mutual Fund (DSPML MF) is confident of doubling the Assets Under Management (AUM) to nearly Rs 10,000 crore by the end of 2004 and wants to ...
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TECHNICAL ANALYSIS
Bull domination
THE sentiment reading of the tradable counters remains bullish. Bear domination on Monday is likely to change the sentiment reading in their favour. On the contrary, the prevailing sentiment is likely to continue. Nifty futures ...
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STOCK MARKETS
Auto, bank, tech stocks take Sensex up 114
BULLISH international stock markets, smooth rollover of March futures, and options contracts restored sagging investor sentiment on Friday buoying demand for pivotal stocks, which in turn helped haul up major indices from 2004 lows. The ...
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Omax Autos on a roll
THE stock of auto ancillary company Omax Autos has been gaining ground on the bourses. Brokers said the current interest in the stock is more on account of domestic play on Hero Honda. As per the grapevine, Hero Honda is likely to end the ...
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Petronet LNG closes below offer price on Day One
THE IPO of Petronet LNG made its debut on the stock exchanges on Friday amid bearish market sentiment with the shares of the company closing below the offer price of Rs 15. In Friday's trading on the NSE, the issue opened at Rs 17, also the ...
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Back on buy list
THE counter of the recently-listed software company Patni Computers was on the buy list of select investors on Friday. Dealers said several institutional investors are believed to have bought these shares. Market buzz is that the stock price ...
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DERIVATIVES MARKETS
Nifty: Buy futures if spot moves above 1760
THE following strategies are based on Friday's trading in the spot and the derivatives segment on the NSE: SBI: The stock closed at Rs 593 in the spot market. The uptrend will be confirmed only if the stock moves above Rs 601. In the ...
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REGULATORY BODIES & RULINGS
Inadequate disclosure in Birla public offer for L&T — SEBI internal probe faults JM Morgan Stanley
A SEBI enquiry officer has faulted the top merchant banker JM Morgan Stanley for inadequate disclosure to Larsen & Toubro shareholders while managing AV Birla group's open offer to buy 20 per cent equity of the engineering and cement major in ...
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COMMENTARY
Banking stocks lead the rise
THE bulls, who peaked out on Thursday, took the benchmark indices to higher levels on Friday. The BSE Sensex rose 114.50 points (2.1 per cent) to close at 5,528.94 points riding on the back of strength in ICICI Bank, Reliance, Infosys and ...
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IPOS
NTPC likely to go public by September
THE National Thermal Power Corporation (NTPC), enthused by the response to its recent bond issue in the international market, is likely to go public later this year, probably in August-September, according to Mr P. Narasimha Ramulu, Director, ...
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