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Saturday, August 21, 2004

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MARKETS

MUTUAL FUNDS
SBI Mutual to launch emerging business fund
SBI Magnum Sector Funds Umbrella will soon have its fifth scheme - an equity product that will invest in what SBI MF feels are emerging businesses. This will add to the existing schemes that are separately dedicated to technology, ... More

TAXATION
What's been earned by the unearned
Investors never had it so good, says S. Murlidharan, commenting on the securities transactions tax proposal More

Fine line between traders and investors
Following the controversy generated by the proposed securities transaction tax, the proposal has now been revamped to distinguish between different categories of intermediaries. While the guidelines help determine the taxability based on whether it i s a normal business or a trade transaction, some fine-tuning must be done to the new Section 111A to prevent litigation, says H. P. Ranina. More

TECHNICAL ANALYSIS
Bear domination
FRIDAY'S trading activity triggered the downtrend in most of the tradable counters. The sentiment reading of the tradable counters stand bearish. Bull domination on Monday is likely to change the sentiment reading to bullish. Otherwise, the ... More

STOCK MARKETS
Tata Power trips on profits concern
THE stock of Tata Power was the major loser among BSE Sensex and NSE's Nifty stocks in today's trading due to concern of fall in profits in the current fiscal, analysts said. In today's trading, the stock was down 4.45 per cent at Rs 249.10 on ... More

Hyderabad Ind jumps on strong Q1 numbers
BUILDING and engineering company, Hyderabad Industries stock has been on an upward movement this week due to the good financial performance of the company in the first quarter of the current fiscal, broker said. The stock has gained 46 per cent ... More

Takeover rumours fuel growth
According to the market grapevine, Lafarge is reportedly the interested party. Analysts maintain given that the company has an Rs 1,800-crore debt, a takeover would be a positive option. Sources said that it is either a sell out or the company ... More

DERIVATIVES MARKETS
GAIL: Outlook negative, sell Sept futures
THE following strategies are based on Friday's trading in the spot and derivatives segment on the NSE: GAIL: The stock closed at Rs 173 in the spot market. The outlook appears negative. The downside price target is Rs 162. Continual ... More

REGULATORY BODIES & RULINGS
SEBI eyes `primary regulator' role
THE Securities and Exchange Board of India (SEBI) is keen to don the mantle of a "primary regulator" of listed companies. It is of the view that the regulatory overlap on listed companies can be removed by making it the primary regulator of ... More

COMMENTARY
Sensex plunges into negative territory
THE markets ended the week on a negative note as concerns regarding rising crude oil process continue to be a dampener on investor sentiment. The negative sentiment towards oil stocks spilled over to most of the other sectors as well. Select ... More

INVESTOR PROTECTION
Investor fund transfers: Ministry to condone delays
COMPANIES can now transfer unclaimed and unpaid amounts of shareholders to the Investor Education & Protection Fund (IE&PF) without any fear of being penalised for procedural delays. Taking note of the practical difficulties faced by the ... More


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