MARKETS
MUTUAL FUNDS
Reliance MF launches power sector fund
RELIANCE Mutual Fund is launching its sector specific fund for the power sector, Reliance Diversified Power Sector Fund. This open-ended fund would invest in equity or fixed income securities of power and other associated companies to tap into ...
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Sundaram Mutual beefs up sales team
SUNDARAM Mutual Fund has strengthened its sales force to prepare itself for a change it anticipates in the mutual fund industry - corporate clients and banks would lose ground to retail clients. "We are aware its purely high net worth ...
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TECHNICAL ANALYSIS
Bulls regain
THE sentiment reading of the tradable counters stands bullish. Bear domination on Thursday is likely to change the sentiment reading in their favour. Otherwise, the prevailing bullish sentiment is likely to be further strengthened. Nifty ...
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STOCK MARKETS
Markets end fiscal 2003-04 on positive note; Sensex gains 70
THE bourses went up on Wednesday marking the end of the financial year on a positive note. The BSE Sensex gained 70 points to close at 5590.60. On the National Stock Exchange, the S&P Nifty closed at 1771, a 1.24 per cent gain over Tuesday's ...
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MFs act boosts indices
ON the last day of financial year, the rise in most of the major indices is not new for the stock market and this was seen on Wednesday as well. Dealers said the main factor for the rise in Nifty and the Sensex was the propping up of NAVs by ...
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Bharti Tele in tune with market perception
MARKET perception of a strong growth momentum has been the principal driver for the stock price of Bharti Tele-Ventures (BTVL) in the recent past. Brokers said that while telecom sector stocks have been witnessing bullish sentiment, talk of a ...
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Rajasthan Bank: Some say it's hot, some not
IS the Rajasthan Bank stock a hot cake or a hot potato? Opinions of brokers and dealers are divided. Going by the counter's volume spurt in the major bourses on Wednesday, it appeared to be in demand. The counter witnessed a traded quantity of ...
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DERIVATIVES MARKETS
ACC: Outlook positive, buy April futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: ACC: The stock closed at Rs 255 in the spot market. The outlook appears positive. The stock faces some resistance at Rs 265. ...
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REGULATORY BODIES & RULINGS
SEBI to probe ONGC share allotment issue: Shourie
THE market regulator SEBI will probe into the issue of over-allotment of ONGC shares to retail investors to find out if there was any ``culpable mistake'' and to determine as to who should bear the consequent losses, the Union Disinvestment ...
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SEBI extends deadline for unique ID number
THE Securities and Exchanges Board of India has extended the deadline for market participants to obtain the unique identification number till June 30. Brokers and other market intermediaries have three more months to comply with the ...
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COMMENTARY
Weak dollar turns tech stocks weaker
THE indices remained in the positive for the best part of the day, thanks to the gains of old economy and defence stocks. The BSE Sensex gained about 1.27 per cent at 5,590.60. The broadbased index Nifty stood firm, went up 1.24 per cent to ...
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PUBLIC OFFER
ONGC share allotment likely to be completed today
THERE was respite for some investors who applied for ONGC public offer as they received the shares in their demat account by late evening today. However, the entire allotment process is yet to be completed. Karvy Consultants officials, who are ...
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