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Tuesday, September 14, 2004

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MARKETS

MUTUAL FUNDS
Debt funds sitting on cash pile
CASH is king in the world of debt funds, with fund managers deciding to stay close to this most liquid of all assets, waiting to deploy their large piles when market conditions turn better. Cash or its near equivalent contributes significantly ... More

STOCKS
Suzuki's new plan hits Maruti stock prices
THE country's largest carmaker Maruti Udyog Ltd's (MUL) stock prices slipped on Monday, triggered ostensibly by parent company Suzuki Motor Corporation's announcement to set up a new car assembly unit in India through a separate joint venture. ... More

TECHNICAL ANALYSIS
Bulls prevail
BULLS maintained their pressure on Monday's trading. However, they could not make any gain from the day's trading. The sentiment reading of the tradable counters remains bullish. Bear domination on Tuesday is likely to change the sentiment ... More

STOCK MARKETS
CRR move weakens banking stocks
THE reduction in interest rate on CRR balances by RBI from 6 per cent to 3.5 per cent will leave banks across-the-board poorer by Rs 2,000 crore. "The extent of loss, across the banks, will be proportionally equal irrespective of the size of the ... More

Selective buying seen in Ahmednagar Forgings counter
THE counter of auto components company Ahmednagar Forgings was locked in 10 per cent upper circuit on Monday. The stock price closed at Rs 105.60 on the BSE with a volume of 57,266 shares; on the NSE, it closed at Rs 106.10 with a volume of ... More

DERIVATIVES MARKETS
Outlook negative for SBI, Tata Steel
THE following strategies are based on Monday's trading in the spot and the derivatives segment on the NSE: SBI: The stock closed at Rs 457 in the spot market. The outlook appears negative. The downside price target is Rs 437. Sell ... More

FOREIGN DIRECT INVESTMENT
Lankan citizens can now invest in Indian firms
In a circular issued to authorised foreign exchange dealers on Monday , the Reserve Bank of India said citizens of Sri Lanka would henceforth be eligible for purchase of shares and convertible debentures of Indian companies under the foreign ... More

REGULATORY BODIES & RULINGS
SEBI gives clean chit to ICICI Brokerage on GTB synchronised deals
THE Securities and Exchange Board of India has given a clean chit to ICICI Brokerage Services Ltd in a four-year-old incident where it was alleged to have helped Asian Development Bank synchronise deals in the Global Trust Bank stock with ... More

COMMENTARY
Sensex rides on positive sentiment
THE positive sentiment in the market continues unabated, with the indices beginning the week on a positive note. The BSE Sensex crossed the 5400-mark on Monday, but selling pressure in the last hours of the session drove it down to 5397.46, 27 ... More


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