MARKETS
FINANCIAL SERVICES
Many may miss SEBI deadline on unique ID number
SEVERAL stock market intermediaries are yet to receive the unique identification number (UIN) even though the March 31 deadline is merely hours away. The Securities and Exchanges Board of India (SEBI) has regulated that "specified ...
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PMS business is hotting up
THE PMS (portfolio management service) scenario is hotting up in the country with SEBI granting registrations to a clutch of new players that propose to enter the business. HDFC Securities, Refco-Sify Securities, India Infoline Securities, ...
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STOCKS
ONGC allotment issue may be sorted out today
THE issues surrounding the over-allotment of ONGC shares to a section of investors is likely to be solved by Wednesday. Officials at MCS Ltd, the registrar to the ONGC public issue, said by Wednesday morning, the actual number of shares ...
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Renaissance's Dalmia picks up stake in Lakshmi Vilas Bank
MR Abhishek Dalmia of the New Delhi-based Renaissance Group has picked up a 2-per cent stake each in Lakshmi Vilas Bank and the Delhi-based real estate and construction company Unitech. Informed sources told Business Line that this would ...
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TECHNICAL ANALYSIS
Bears prevail
THE sentiment reading of the tradeable counters stands neutral. Bear domination on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the sentiment reading is likely to turn bearish. Nifty futures ...
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STOCK EXCHANGES
ONGC to get into Nifty; weightage to go up in Sensex
WITH the successful completion of ONGC public offer, the country's most valuable company in terms of market capitalisation would be included in the S&P CNX Nifty index from April 12. In a statement, India Index Services (owner of Nifty index) ...
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STOCK MARKETS
Small is beautiful
AFTER the run-up in larger power distribution companies, it's the turn of smaller power distribution companies. Among this group, the stocks that were bought by investors on Tuesday included CESC (up 9.97 per cent at Rs 105.30), Ahmedabad ...
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DERIVATIVES MARKETS
Tata Tea: Outlook positive; buy April futures
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: Tata Tea: The stock closed at Rs 328 in the spot market. The outlook appears positive. The upside price target is Rs ...
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ASSET MANAGEMENT COMPANIES
Cholamandalam AMC launches exercise in brand-building
Compared to the Rs 850-crore of assets under management at the end of March 2003, Cholamandalam had crossed Rs 1,463 crore by February 2004.
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COMMENTARY
Weak techs halt market uptrend
WEAK tech stocks pulled the indices into negative territory, breaking the three-day uptrend. While the Sensex lost 50.93 points to 5520.44 points, the S&P CNX Nifty declined by 11.90 points to 1750.15 points. With news that the Bharatiya ...
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IPOS
Power Trading Corpn again postpones share listing
THE ONGC imbroglio now seems to have ensnared Power Trading Corporation too, which is in the process of completing one of the hottest equity issues of the year. The power trading company has had to postpone for the second time listing its new ...
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