MARKETS
MUTUAL FUNDS
UTI Master Plus to pay 30%
UTI Master Plus Unit Scheme declared a dividend of 30 per cent, that is Rs 3 per unit on a face value of Rs 10. The record date is August 2. Investors who join the scheme on or before August 2 will also be eligible for the dividend, stated a ...
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Corporate interest in MFs unlikely to wane
UTI Mutual Fund does not see the recent hike in withholding tax on the income distributed by debt-oriented mutual funds to corporates as a dampener for the latter's investment interest in such funds. The country's second largest mutual fund is ...
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TECHNICAL ANALYSIS
Bull domination
Bear domination on Friday is likely to change the sentiment reading in their favour. On the other hand, the prevailing bullish sentiment is likely to be further strengthened. Click here for table Nifty ...
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CREDIT RATING
Rating agencies watching Birla case keenly
CREDIT rating agencies will follow developments at Birla Buildings with keen interest, their ardour set off by Priyamvada Birla's will and what has occurred since its revelation. The raters are viewing the unexpected happening as a test case, ...
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STOCK MARKETS
New tax regime lures NRIs to capital markets
"There has been a paradigm shift in the attitude of NRIs from bank deposits to capital market investments after the Budget."
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Stealing the show
STEEL stocks continued to remain firm on Thursday, as there was across-the-board buying in most of the counters. Dealers said the interest in the counters is due to two factors. The main factor is the restoration of DEPB benefits to steel ...
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Gulf NRIs paring exposure in Indian equities
According to Mr Vivek Mahajan, Senior Investment Advisor of Aspire Services of Dubai, which handles cumulative NRI portfolio worth around $ 500 million, Gulf NRIs have generally been sellers in the recent boom in the market. "On the other hand, ...
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DERIVATIVES MARKETS
BoB: Outlook negative, sell July futures
THE following strategies are based on Thursday's trading in the spot and the derivatives segments on the NSE: ONGC: The stock closed at Rs 654 in the spot market. The outlook could turn negative if the stock cuts below Rs 636. In the ...
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FOREIGN INSTITUTIONAL INVESTORS
Citicorp raises stake in Jisco
CITICORP Banking Corporation has increased its stake in Jindal Iron and Steel Company (Jisco). In a notice to stock exchanges, the company said Citicorp Banking Corporation A/c CBC Bahrain-FII Equity Account has acquired 5.5 lakh shares ...
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REGULATORY BODIES & RULINGS
SEBI launches new scheme for brokers to pay dues
THE Securities and Exchange Board of India has launched the SEBI (Interest Liability Regularisation) Scheme, 2004, in order to bring a satisfactory solution to the problem of registration fees payable by the brokers in the cash segments of the ...
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COMMENTARY
Market bounces back on monsoon optimism
THE optimism over quarterly earnings performance that are trickling in, potential revival of monsoons over the next few days, and relaxation of turnover tax norms fuelled the markets on Thursday's trading. The BSE Sensex closed for the day at ...
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