MARKETS
MUTUAL FUNDS
UTI Mutual to focus on urban market keenly
"We have not grown at the same pace as the industry as our corpus is largely retail investor driven. We do not focus on institutional money that comes in for short periods of time."
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Templeton declares 35% on Prima Fund
MUMBAI: Franklin Templeton India Mutual Fund has declared 35 per cent dividend under Prima Fund, an open-ended equity scheme. The record date for dividend payout of Rs 3.5 per unit of face value Rs 10 each was October 5, the MF said in ...
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Tata MF launches Dividend Yield Fund
TATA Mutual Fund is launching its Dividend Yield Fund. The open-ended equity fund would invest at least 70 per cent of its net assets in shares with dividend yields higher than those of Sensex, at the time of investment. Birla Sun Life AMC ...
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TECHNICAL ANALYSIS
Bulls prevail
BULLS gained control of Thursday's trading activity. However, the sentiment reading of the tradable counters stands mildly bearish. Mild bull pressure on Friday is likely to change the sentiment reading to bullish. On the contrary, the prevailing ...
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STOCK MARKETS
SSI Ltd loses 70 pc in single day of trading
THE Chennai-based SSI Ltd saw a steep erosion of 70 per cent value in a single day of trading today. According to brokers, investors lost around Rs 8.5 crore based on the trading volume on Tuesday. The sorry pass came about with stock exchanges ...
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Talk of price drop weakens Gujarat Ambuja Cement
MARKET talk of a rate war vis-à-vis cement prices in Gujarat lent an element of volatility to the counter of Gujarat Ambuja Cement Ltd (GACL) on the bourses on Thursday. Brokers said that a perception that the sudden downturn could impact the ...
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DERIVATIVES MARKETS
Outlook could turn positive for Tata Steel, Oriental Bank
THE following strategies are based on Thursday's trading in the spot and the derivatives segment on the NSE: Tata Steel: The stock closed at Rs 285 in the spot market. The outlook will turn positive if the stock moves above Rs 291. In ...
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REGULATORY BODIES & RULINGS
SEBI fiat on mandatory UIN
THE Securities and Exchange Board of India (SEBI) has mandated that all domestic investors who carry out a single transaction of Rs 1 lakh or more have to quote their unique identification number (UIN). This order will be effective from April 1, ...
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Colour Chem case: SEBI files review petition before SC
Overseas acquirers asked to wait till final verdict
THE Securities and Exchange Board of India has filed a review petition before the Supreme Court against the apex court's verdict, pronounced on August 25, 2004, on the Colour-Chem Ltd (CCL) case. The regulator's latest move will have a bearing ...
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COMMENTARY
Tech stocks prop up Sensex; metals slump
SNAPPING the three-day losing streak, the key market indices ended on a positive note on Thursday. The BSE Sensex closed at 5713.1, up by 36.37 points over Tuesday's close of 5676.3. The S&P CNX Nifty closed up by 7.85 points at 1794.75. The ...
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IPOS
NTPC issue subscribed 12 times
NATIONAL Thermal Power Corporation's initial public offer, the first high profile disinvestment since the UPA Government took charge in May, was oversubscribed by a dozen times by late evening on the closing date of the issue on Thursday. ...
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Panel to fix PSU share price band
THE Government on Thursday announced the constitution of an Empowered Group of Ministers (e-GoM) to determine the share price bands of PSUs coming up for disinvestment. The group will be headed by the Finance Minister, Mr P. ...
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