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Saturday, December 25, 2004

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MUTUAL FUNDS
Chola MF more keen on retail investors
CHOLA Mutual Fund, which has come out with its fourth equity-loaded mutual fund offering Chola Multi-Cap Fund, does not think that the small portfolio size of its three equity-oriented schemes is a reflection of the performance of the fund. The ... More

TECHNICAL ANALYSIS
Bull domination
BULLS were in total control of Friday's trading activity. The sentiment reading of the tradable counters remains bullish. Bear domination on Monday has the potential to change the sentiment reading in their favour. On the contrary, the prevailing ... More

STOCK EXCHANGES
Ahmedabad SE board's powers restored
THE Securities and Exchange Board of India (SEBI) has decided to restore the administration of the Ahmedabad Stock Exchange to the governing board of the bourse. The governing board of the Exchange was superseded by SEBI on March 26, 2003 for a ... More

STOCK MARKETS
Sensex crosses 6,500 intra-day, gains 56 points — RIL rises ahead of Monday's meet
STOCK prices continued to rule firm, with the BSE Sensex crossing the 6,500 levels for the first time on Friday. Interest in Reliance Industries Ltd (RIL) stock further buoyed market sentiment. At close, the Sensex gained 56.21 points to close ... More

Prism Cement up on takeover buzz
RUMOURS of a possible sell out to foreign cement major Lafarge saw the stock of Prism Cement touch new highs on the bourses on Friday. Brokers attribute the large volumes and the fact that the counter hit the upper circuit to rumours of a ... More

Shipping cos back on investors' radar
SHIPPING stocks are again on the buy list of several investors on expectations of the freight market firming up in the coming weeks. Earlier this month, shipping stocks had been tracing a downward curve in tune with the softening of rates in ... More

Surana Tele MD, others sell 6.13% stake
THE Managing Director of Surana Telecom Ltd, Mr Narender Surana, on behalf of persons acting in concert, sold 693,218 equity shares aggregating 6.13 per cent of the company's share capital from November 24 to December 22, through open market ... More

Pioneer Embroideries' promoters dilute stake to fund retail venture
THE promoters of Pioneer Embroideries Ltd sold part of their stake in an open market transaction recently. Following the transaction, the overall promoter stake is now 56 per cent from about 64 per cent earlier. According to a company press ... More

DERIVATIVES MARKETS
Outlook may turn negative for Tata Steel
THE following strategies are based on Friday's trading in the spot and the derivatives segment on the NSE: Tata Steel: The stock may see a short-term price reversal. Sell December futures after the stock moves below Rs 358.90 in the ... More

REGULATORY BODIES & RULINGS
SEBI panel moots changes to margin trading norms
A SEBI committee has suggested that banks accept fixed deposits and bank guarantee as cash equivalent for initial margins, while using margin trading facility. This forms part of a set of recommendations made by the secondary market advisory ... More

COMMENTARY
Reliance plays Santa; cement scrips too party
LED from the forefront by Reliance Industries, which rallied sharply on the back of the news that Chairman Mr Mukesh Ambani had decided to give up his holdings of 50-crore shares in Reliance Infocomm, the benchmark BSE Sensex ended moved up by ... More


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