The Hindu Business Line : Thursday, February 03, 2005

Sundaram Mutual keen on West Asia base to tap NRIs
SUNDARAM Mutual desires to expand its non-resident Indian (NRI) clientele base. It is mulling setting up a second distribution centre in West Asia to reach out to potential customers, the asset management company's Managing Director, Mr T. P. ... More

TECHNICAL ANALYSIS

Indecisive move
THE market remained indecisive for the second successive trading day. Bears managed to gain marginally from the day's trading. However, the sentiment reading of the tradable counters remains bullish. Bear domination on Thursday is likely to ... More

STOCK MARKETS

Royal Airways flies high on FII fuel
FOREIGN institutional investors (FIIs) have turned bullish on India's aviation sector in anticipation of a number of airlines entering the fray. Royal Airways (formerly Modiluft Ltd) is one such company in which FIIs have taken more than 8 per ... More

JK Investo Trade hits upper ceiling
AS a co-promoter of JK Investo Trade India Ltd, formerly JK Chemicals, has proposed delisting of the stock, the counter has been hitting the upper circuit on the Bombay Stock Exchange for the last three days. JK Investors (Bombay) Ltd has asked ... More

TFCI: Riding piggyback on tourism
WITH Indian tourism sector on revival path, the stock of Tourism Finance Corporation of India (TFCI) has been on the rise. Dealers said the interest is due to the good outlook for the tourism sector. The talk is that the financial institution, ... More

DERIVATIVES MARKETS

Outlook may turn negative for Maruti, HCL Tech
THE following strategies are based on Tuesday's trading in the spot and the derivatives segment on the NSE: Maruti Udyog: The stock closed at Rs 450 in the spot market. The outlook may turn negative if the stock trades below Rs 445. In ... More

FOREIGN INSTITUTIONAL INVESTORS

Gujarat Ambuja board raises limit for FII, OCB shareholding
THE board of directors of Gujarat Ambuja Cements Ltd has increased the 40 per cent combined investment limit for foreign institutional investors, non-resident Indians and overseas corporate bodies to 50 per cent in the company. The limit for ... More

REGULATORY BODIES & RULINGS

SEBI to launch integrated market surveillance by June
AMIDST frequent volatility in the Indian stock markets with sudden crashes and bull runs that keep raising suspicions over the role of certain market players, SEBI is now on the verge of providing final touches to an integrated market ... More

SEBI disposes complaint against Sterlite in Indal deal
THE Securities and Exchange Board of India (SEBI) has passed an order disposing of the complaint lodged by Mr Sanjay Soni and Mr Sumeet Soni. The order held that there has been no violation of SEBI's original order dated October 28, 1998 and ... More

COMMENTARY

Reliance, HLL drag Sensex; telecoms shine
THE market activity was lacklustre during Wednesday's trading. The benchmark indices closed on a weak note for the second day in a row. Market participants appear to have treaded the path of caution ahead of the US Federal Reserve's meeting to ... More

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