MARKETS
MUTUAL FUNDS
ING Vysya to launch WTO theme fund
ING Vysya Mutual Fund is seeking to launch a fund that would invest in companies that benefit from the World Trade Organisation's mandated changes in the business environment and increasing business opportunities in the generic pharmaceutical ...
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TECHNICAL ANALYSIS
Bull onslaught
THE sentiment reading of the tradable counters stands bullish with no downtrend counters. Bear domination of Friday is likely to neutralise the sentiment reading. Otherwise, the prevailing bullish sentiment is likely to continue with added ...
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STOCK MARKETS
Sensex scores 150 on first day of new fiscal
STRONG third quarter growth and perhaps the feel-good factor of a first-ever Test match victory in Pakistan helped lift investor sentiment in the stock market today. Institutional investors began the first day of the new fiscal year by helping ...
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MTNL shares rally on privatisation buzz
FOR the MTNL stock, it was not a prank call on Thursday on major bourses. The stock closed up 7.37 per cent at Rs 137.70 (52-week high: Rs 142.50) on the NSE, with a traded quantity of over 78.23 lakh (27.70 lakh) shares. On the BSE, it logged a ...
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Fired by gas
THE stock of Reliance Industries shot up in afternoon trade on Thursday on a report that the company had found gas in two fields in the Bay of Bengal. Investors, retail and institutional, rushed to buy shares of the integrated giant throughout ...
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Bank stocks riding on hopes of corporate credit offtake
BSE's Bankex Index has gained over 10 per cent in the last one week, the highest gain seen in any index during this period.
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DERIVATIVES MARKETS
Index futures catches on
A COMBINATION of growing volatility in the stock market and institutional investors' attempts to hedge their investments has shifted trading activity in the derivatives market towards index futures. The shift has come largely at the expense of ...
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Tata Power: Outlook positive, buy April futures
THE following strategies are based on Thursday's trading in the spot and the derivatives segments on the NSE: Tata Power: The stock closed at Rs 384 in the spot market. The outlook appears positive. The upside price target is Rs ...
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FOREIGN INSTITUTIONAL INVESTORS
Foreign investors pump $10 b into forex kitty
FOREIGN investments (both FII and FDI), at $10.1 billion, accounted for over 38 per cent of the $26.4-billion accretion to the country's forex reserves in the nine months ended December 2003. The accretion had been significantly lower in the ...
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REGULATORY BODIES & RULINGS
SEBI yet to decide on loss in ONGC trading
SEBI is yet to find a solution to compensate the loss suffered by ONGC shareholders who on Monday sold shares in excess of what they were allotted. According to sources, SEBI and the stock exchanges met on Thursday to sort out various issues ...
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SEBI extends ban on Samir Arora to 5 years
THE Securities and Exchange Board of India has extended the ban on Mr Samir Arora, former Chief Investment Officer of Alliance Capital Mutual Fund, from dealing in securities to a period of five years. This period is inclusive of the interim ban ...
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COMMENTARY
`Feel-good' factor fuels sentiment
THE stock markets entered fiscal 2004-05 on a bullish note. The BSE Sensex ended the day 150.25 points (or 2.69 per cent) higher at 5740.85. Just as the opening day of the new fiscal, the last day of the fiscal 2003-04 also ended on a positive ...
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