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Thursday, March 03, 2005

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PREFERENTIAL ALLOTMENTS


Royal Airways okays pref issue to IL&FS
ROYAL Airways has approved a preferential issue to IL&FS of up to 15.30 lakh 10-per cent unsecured fully convertible debentures (FCDs) of Rs 100 each, convertible up to 37,15,394 equity shares of Rs 10 each. An official statement quoting Mr ... More

OVERSEAS BORROWINGS


Granules raises $8.65 m through GDR issue
GRANULES India Ltd has announced that it has raised $8.65 million through its first GDR (global depository receipts) issue, which was successfully completed with the GDRs listed on the Luxemburg Stock Exchange. In a press release here on ... More

FINANCIAL SERVICES


Geojit opens office in Oman
GEOJIT has tied up with global financial investments SAOG, Muscat, in the Sultanate of Oman. The new enterprise will offer a wide range of services and NRIs can trade directly on the NSE and the BSE and also subscribe to IPOs. The products and ... More

INVESTMENTS


`Gold fund cost-effective saving'
MUMBAI: By offering gold-backed investment products like the Gold Exchange Traded Fund (GETF), investors will get the opportunity of saving in gold in a more cost-effective and convenient way through the banks and mutual fund sector, ... More

TECHNICAL ANALYSIS


Sideways movement
WEDNESDAY'S trading activity witnessed a range bound movement. Neither bulls nor bears could gain much from the day's trading. The sentiment reading of the tradable counters remains mildly bullish. Bear domination on Thursday has the potential ... More

STOCK MARKETS


GTC Industries strengthens on realty talk
AFTER ITC, it is the turn of another cigarette company GTC Industries stock to witness hectic activity. The stock was locked in the 20 per cent upper circuit on Wednesday. It closed at Rs 54.25 on the BSE with volumes of 18.63 lakh shares and on ... More

Shift in biz focus drives up Gujarat Fluorochemicals
THE Gujarat Fluorochemicals stock today created its new 52-week peak at Rs 416 on the bourses. A section of market players is consistently adding premium to the stock in view of gradual transformation of its business. The production of ... More

DERIVATIVES MARKETS


Outlook positive for Maruti, HDFC Bank
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: Maruti Udyog: The stock closed at Rs 462 in the spot market. The outlook may turn positive if the stock trades above Rs 468. ... More

FOREIGN INSTITUTIONAL INVESTORS


Big block deal in ONGC shares valued at Rs 745 cr
A BLOCK deal of around 86 lakh shares of ONGC valued at around Rs 745 crore was struck on the BSE today. According to sources, a group company of Reliance Communications India Ltd, Smart Solutions, was the seller, and the buyers were several ... More

COMMENTARY


Good show by banking, tech stocks
AFTER a wave of profit-booking on Tuesday, the markets bounced back on Wednesday even amid apprehensions that the proposal to tax fringe benefits may have a negative impact on companies. Banking stocks, which witnessed selling pressure on ... More
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Looking back
Feb. 20-Feb. 26
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