Financial Daily from THE HINDU group of publications
Wednesday, October 20, 2004

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MARKETS

MUTUAL FUNDS
Reliance MF sets much store by smaller centres
RELIANCE Mutual Fund is seeking to enlist a new set of intermediaries as part of a plan to expand its network in smaller centres. Its targets seem to include driving schools, computer training institutes and even medical representatives. A move ... More

Kotak Mahindra launches India Growth Fund
KOTAK Mahindra Bank has launched `India Growth Fund', a private equity fund, in partnership with SEAF Management LLC, US, according to a press release. The fund has already received Rs 180 crore and targets to have a final close with ... More

TECHNICAL ANALYSIS
Bull domination
BULLS were in control of Tuesday's trading activity. They gained substantially from the day's trading. The sentiment reading of the tradable counters stands bullish. Bear domination on Wednesday is likely to turn the sentiment reading to ... More

STOCK MARKETS
Construction cos up on performance hopes
CONSTRUCTION companies, in particular, mid-cap construction companies were the flavour of the day with the stocks such as IVRCL Infrastructure and Projects, Nagarjuna Construction Company, Hindustan Construction Company, Gammon India, Era ... More

Bongaigaon Refinery up on result, dividend hopes
MARKET players have been accumulating the shares of Bongaigaon Refinery ahead of the company's second quarter results. Dealers said this is due to the expectation of good results from the company. The company's board is expected to meet on ... More

DERIVATIVES MARKETS
Outlook may turn positive for Infosys, Mastek
THE following strategies are based on Tuesday's trading in the spot and the derivatives segment on the NSE: Mastek: The stock closed at Rs 332 in the spot market. The outlook will turn positive if the stock moves past Rs 339. In the ... More

COMMENTARY
Late-hour buying props up Sensex
THE market rallied towards the end of the day's trading, after trading in a narrow range earlier in the day, to settle at 5738.11 points, a gain of 58.28 points or 1.03 per cent. In the course of this rally, the markets also tossed the two-day ... More


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