MARKETS
MUTUAL FUNDS
MFs get a breather on rural branches
THE Finance Ministry has for the time being decided against introduction of any regulatory norms that would require fund houses in the country to set up a mandatory number of rural or semi-urban branches. Faced with a situation of low ...
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Chidambaram wants household savers to become retail investors
THE Union Finance Minister, Mr P. Chidambaram, today underscored the need for more innovative practices on the lines of the tie-up between the Department of Posts and the UTI Mutual Fund to transform a large section of household savers in the ...
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UTI schemes to be sold at post offices
THE Department of Posts (DoP) and UTI Mutual Fund on Tuesday announced a strategic tie-up for distribution of the latter's mutual fund schemes through select post offices. Initially, UTI MF will be focusing on retailing five schemes through 50 ...
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STOCKS
Capital Research stake in HDFC crosses 6 pc
CAPITAL Research and Management Company USA's holding in Housing Development Finance Corporation Ltd has crossed over 6 per cent. In a notice to stock exchanges on Monday, HDFC said Capital Research and Management Company USA has acquired ...
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TECHNICAL ANALYSIS
Bears prevail
TUESDAY'S market action resulted in triggering the downtrend in a few counters in the tradable list. However, the sentiment reading of the tradable counters continues to remain bullish. Bear domination on Wednesday is likely to turn the ...
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STOCK MARKETS
Maruti shares take a knock over Suzuki Motor plans
THE Maruti Udyog stock slipped for the second consecutive day after parent company, Suzuki Motor Corporation, announced plans to set up a new car plant in the country through a separate joint venture. Maruti shares lost 6.34 per cent to close ...
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Uniphos Enterprises zooms
THE stock price of Uniphos Enterprises has more than doubled in just a week's time due to the company's plans to foray into trading, selling and manufacturing of agricultural inputs such as seeds, food grains, commercial crops and others. The ...
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Equity funds launched in 2004 fare poorly
A number of equity funds launched in 2004 have disappointed investors, with some of the theme-based schemes faring particularly poorly since their introduction. An uncertain stock market and the cautious stand adopted by fund managers are being ...
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Steel scrips down on incentive cut fears
Uncertainty over whether the duty neutralisation scheme under DEPB would be dispensed with, saw steel counters such as Tata Steel and Jindal Iron & Steel in a state of flux. Brokers said the counters came under pressure given the fact that a ..
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DERIVATIVES MARKETS
BHEL: Outlook positive, buy Sept futures
THE following strategies are based on Tuesday's trading in the spot and the derivatives segment on the NSE: BHEL: The stock closed at Rs 579 in the spot market. The outlook appears positive. The upside price target is Rs ...
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ASSET MANAGEMENT COMPANIES
SEBI reiterates norms on insider trading for AMCs
IN response to a query raised by HDFC Mutual Fund, SEBI has reiterated the provisions of Regulation 13(3) of SEBI Insider Trading Amendment Regulations, 2002, which state that any person who holds more than five per cent shares or voting rights ...
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COMMENTARY
Sensex makes gains for 8th successive day
THE positive run for the BSE Sensex continued for the eighth successive day, with the bellwether ending the day above 5,400 points. The Sensex closed for the day at 5,428.77 points, 31.31 points (or 0.58 per cent) higher than Monday's close. The ...
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Stock Quotes
SE Diary
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