MARKETS
FINANCIAL SERVICES
IndusInd Bank plans capital market outfit
INDUSIND Bank has decided to set up a subsidiary to handle activities related to the capital market. The company, which is likely to be incorporated shortly, will take up a host of functions, including equity broking, portfolio management, and ...
More
MUTUAL FUNDS
Tata MF plans core sector fund
TATA Mutual Fund has lined up a scheme to invest in the infrastructure sector. It has chosen the BSE Sensex as the benchmark, the offer document sent to SEBI for clearance has mentioned. The proposed Tata Infrastructure Sector Fund will carry ...
More
UTI fixes redemption price at Rs 10.1167 for MIP 99 (II)
THE Specified Undertaking of Unit Trust of India has decided to fix a redemption price of Rs 10.1167 per unit for holders of annual and cumulative options in MIP 99 (II), the monthly income plan that is being foreclosed. The redemption value ...
More
TECHNICAL ANALYSIS
Bulls reign
BULLS prevailed Thursday's trading activity but could not gain much from the day's trading. The sentiment reading of the tradable counters stands mildly bullish. Bear domination on Friday is likely to change the sentiment reading in their favour. ...
More
STOCK MARKETS
Block deals boost Nestle
DESPITE a worse than expected second quarter results, the stock of Nestle India Ltd showed signs of strength on Thursday with the stock price ending in positive territory. Brokers said the counter witnessed two block deals, the first being for ...
More
India Glycols jumps on strong prices
THE counter of India Glycols saw an increased buying on Thursday. Dealers said the buying was due to strong polymer prices in the current quarter and this is likely to help the company report good profits during the quarter. For the June quarter ...
More
DERIVATIVES MARKETS
GAIL: Outlook positive, buy August futures
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: Tata Motors: The stock closed at Rs 405 in the spot market. The outlook appears negative. The downside price target is Rs ...
More
FOREIGN INSTITUTIONAL INVESTORS
FIIs buy into IDBI; LIC bullish in IDBI Bank
IN the six months ended June 2004, LIC has turned out to be quite bullish on the IDBI Bank counter. The corporation, which held about 69 lakh shares or a stake of about 3.3 per cent at the end of December 2003, almost doubled it to about 6.4 ...
More
REGULATORY BODIES & RULINGS
SEBI issues IDR norms
COMPANIES proposing to issue Indian Depository Receipts (IDRs) should not have been prohibited to issue securities by the regulatory body applicable to them and should have a good track record with respect to compliance with securities market ...
More
COMMENTARY
Banking, oil stocks in the limelight
STOCK markets were swamped with news developments during the day with announcements such as the merger of IDBI with its subsidiary, launch of the initial public offer of TCS, decline in profits reported by Hindustan Lever Ltd (HLL), jostled for ...
More
IPOS
TCS IPO opens with bids for 91 pc shares
THE initial public offer of Tata Consultancy Services opened on Thursday with bids for over 91 per cent of the shares on offer. Bids were received for 5.05 crore shares out of the 5.54 crore on offer. However, maximum number of bids has been ...
More
Stock Quotes
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds