Financial Daily from THE HINDU group of publications
Friday, May 07, 2004

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Will investors favour gold securities?
WHETHER there is a broad-based genuine investor interest in exchange traded gold securities is a question engaging the attention of players and observers of the bullion market. This is because an exchange-traded gold bullion product that was ... More

Assam Co aims for NSE listing
THE City-based tea Assam Company Ltd, a member of the Duncan Macneil group, hopes to get its scrip listed on the National Stock Exchange. The company, which claims to be the world's oldest tea company, being established way back in 1839, has ... More

Bulls prevail
THE sentiment reading of the tradable counters continued to remain bullish. Bear domination on Friday is likely to change the sentiment reading in its favour. Nifty futures recommendation: Thursday's market action witnessed bulls in ... More

Poll forecast lifts Sensex by 71 points
FINANCIAL markets seem to be moving in tandem with the exit poll forecasts. Notwithstanding the fall of 213 points after the second phase of Lok Sabha elections, the Sensex today gained 71 points as exit polls, after the third phase, indicated a ... More

Paper stocks gain from rise in global prices
THE rise in the international paper prices boosted the stock market sentiment towards paper company scrips in Thursday's trading. Brokers said that most of the paper companies gained due to the rise in the international paper prices by $25-40 ... More

Focus on ALFL, Reliance cap stocks
THERE was buying interest today from institutions and traders in certain counters of the finance companies. Ashok Leyland Finance and Reliance Capital moved up with strong volume gains on the major bourses. According to dealers, despite the ... More

Buoyed by big bank interest
THE market grapevine is abuzz with news that IndusInd Bank has offered a strategic stake to Citigroup. The grapevine says that negotiations are on and a deal — perhaps with one of the US-based bank's investment arms — may happen soon. ... More

GAIL: Outlook positive, buy May futures
THE following strategies are based on Thursday's trading in the spot and the derivatives segments on the NSE. GAIL: The stock closed at Rs 227 in the spot market. The outlook appears positive. The upside price target is Rs 245 but the ... More

UTI asset co launches `Axel'
UTI Asset Management Company today launched a portfolio management service for high net worth individuals and corporates. The wealth management division, named `Axel' would offer investment services and execution of transactions across equity ... More

PHDCCI wants SEBI to set up panel to examine, approve delisting cases
TO make the delisting procedure smooth for all the stakeholders - the stock exchanges, the companies and the investors - the PHD Chamber of Commerce and Industry (PHDCCI) has urged the the Securities and Exchange Board of India to consider ... More

Bears exit on poll projections
EXIT polls on the latest phase of the Lok Sabha elections moving in favour of the ruling alliance and away from a hung Parliament triggered a rally at the bourses. The BSE Sensex rallied for the third consecutive day and advanced by 71.11 ... More

TCS public offer by June-end?
THE much-awaited initial public offer of Tata Consultancy Services is expected to hit the markets towards the end of June. Corporate finance personnel of the company and the book running lead managers are readying the red herring draft prospectus ... More

Investors baffled by allotment largesse
ALLOTMENT mistakes, which had surfaced over the recent public issues of ONGC and Bank of Maharashtra, do not seem like isolated incidents after all. The recent equity issues of GAIL (India) and Power Trading Corporation (PTC) were also marked by ... More

Syndicate Bank plans second public issue — Net profit rises 26 per cent
THE public sector Syndicate Bank proposed to come with its second public issue of Rs 50 crore within the next six months. Briefing reporters here today, after the annual general meeting, the bank's Chairman and Managing Director, Mr Michael ... More

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