Financial Daily from THE HINDU group of publications
Wednesday, July 28, 2004

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MUTUAL FUNDS
ING Vysya Mutual eyeing acquisitions
IN keeping with the consolidation moves in the mutual fund industry, ING Vysya Mutual Fund on Tuesday said it was open to acquisitions. The fund has set itself a target of Rs 3,000 crore asset under management against Rs 1,600 crore at ... More

TECHNICAL ANALYSIS
Bullish sentiment prevails
THOUGH the market fell on Tuesday but that was not enough to change the sentiment reading of the top-10 tradeable counters. The sentiment reading of the tradeable counters continues to remain bullish. Bear domination on Wednesday is likely to ... More

STOCK MARKETS
Zee Tele gains on DTH foray
THE counter of Zee Telefilms is being accumulated by a section of the market over the last few days and the stock price is also on the rise. On Tuesday, the stock gained 2.55 per cent at Rs 146.85 on the BSE with volume of 23.17 lakh shares; ... More

DERIVATIVES MARKETS
SBI: Outlook negative, sell August futures
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: SBI: The stock closed at Rs 443 in the spot market. The outlook appears negative. The downside price target is Rs 417. Sell ... More

REGULATORY BODIES & RULINGS
SEBI suspends CSE member
THE Securities and Exchange Board of India has suspended Amitabh Sonthalia, a member of the Calcutta Stock Exchange (CSE), for entering into fraudulent transactions to evade regulatory directives that are meant to bring about transparency and ... More

COMMENTARY
Profit booking pulls market down
PROFIT booking across industry segments pulled down the major stock market indices on Tuesday. With the looming prospect of poor monsoons this year and the lack of any positive indicators that could have triggered a further increase in ... More


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