Financial Daily from THE HINDU group of publications
Wednesday, May 12, 2004

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Sensex to senses
THE jitters gripping the stock exchanges, with the sensex graph looking like the ECG of a patient in the throes of myocardial infarction, are not evidence of a mature and confident investor community or a market ... More

Benchmark launches first split capital fund
BENCHMARK Asset Management Company on Tuesday launched India's first split capital fund. The fund seeks to distribute credit risk between two classes of units to deliver different risk-return combinations, as per the requirements of the ... More

Reliance MF launches pharma sector fund
RELIANCE MF, which has just concluded allotment of units to investors in its power sector fund, has simultaneously launched a scheme dedicated to the pharmaceutical sector. Reliance Power Fund, which has opened for ongoing subscription, has ... More

Bear onslaught
THE sentiment reading of the tradable counters stands absolutely bearish. Bull domination on Wednesday is likely to reduce the bear count to a bare minimum. Otherwise, the prevailing bearish sentiment is likely to continue with a slight change in ... More

Sensex sinks 229 on political worries
THE results of the Andhra Pradesh Assembly elections ripped through the financial markets on Tuesday, toppling the stock indices to the deepest intra-day fall in four years. Brokers, analysts and other market participants were expecting the ... More

FIIs net sellers at Rs 595 cr on Monday
FIIs were net sellers to the tune of Rs 595 crore on Monday in the equity market, the highest in a single day in 2004, in line with heavy selling by them in various other emerging markets. According to SEBI data, FIIs on Monday bought shares ... More

Pantaloon Retail retains investor interest
TOUTED as the only retailer in the country to demonstrate success across multiple retail formats — Pantaloon, Big Bazaar, Food Bazaar — has enabled the stock of Pantaloon Retail to retain investor interest on the bourses. Brokers ... More

A spell of uncertainty ahead?
INVESTORS may be preparing themselves for a spell of uncertainty in the equity market. The recent shift in concentration of trading in the NSE to high profile companies is in contrast to the interest in smaller companies during the recent ... More

Bharat Forge scrip falls 5.3 pc on `poor Q4 nos'
THE Bharat Forge stock on Tuesday declined 5.3 per cent to Rs 741 on low volumes even as the company board has proposed a dividend of 100 per cent for 2003-04 against 60 per cent in 2002-03. On the NSE, there was a large-size deal of 27,329 ... More

Market players unsure; await poll results
DARK clouds overthe Mumbai skyline in the past few days not only indicate the untimely monsoons, but also reflect the looming uncertainties in the domestic financial markets due to the changing political climate. Even as market participants and ... More

Quick exit for profit booking
THE counter of recently listed Ramakrishna Forging fell sharply on Tuesday. Stock price of the company was down 15.72 per cent, at Rs 36.20, on the BSE with volumes of 4.24 lakh shares; on the NSE, it was down 15.05 per cent, at Rs 36.40, with ... More

ACC: Outlook negative, short June futures
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: ACC: The stock closed at Rs 256 in the spot market. The outlook appears negative. The stock is on a corrective phase to its ... More

Panic over actual results continues
THE increasing political uncertainty and with the possibility of a clear majority in the current elections eluding both the major political parties - Bharatiya Janata Party (BJP) and the Congress - and their allies led to a carnage in the ... More

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