The Hindu Business Line : Wednesday, March 23, 2005

Reliance Vision, Growth funds to pay 50%; 2:5 bonus on Medium Term
RELIANCE Mutual Fund has announced a dividend pay out for three equity schemes and bonus allotment for another scheme. While the dividend pay out would be 50 per cent (Rs 5 per unit) under dividend option of both Reliance Vision Fund and ... More

STOCKS

JVSL to be listed on BSE
MUMBAI: Jindal Vijayanagar Steel Ltd's shares will be listed on the BSE on Wednesday. The company was formed out of the merger between Jindal Iron & Steel and Jindal Vijayanagar Steel . ... More

TECHNICAL ANALYSIS

Bears dominate day's proceedings
BEARS were in total command of Tuesday's trading activity. The sentiment reading of the tradable counters stands bearish. Bull domination on Wednesday is likely to reduce the bear count by a considerable margin thereby resulting a change in the ... More

STOCK MARKETS

Market sees the blues; Sensex sheds 121 points
MARKING the end of months of exuberance stock markets tumbled on Tuesday, driving home the point that markets do not move only one way. Though the bourses have been tepid and sluggish over the last few sessions, the loss of so much ground ... More

On defensive bet
ON a day when there was selling in most of the Sensex and Nifty stocks, FMCG major Hindustan Lever bucked the trend. The stock closed at Rs 130.60, up 0.31 per cent, on the BSE with volumes of 8.55 lakh shares and at Rs 130.80, up 0.42 per cent, ... More

DERIVATIVES MARKETS

Short turn likely in SBI, M&M, HDFC
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE. The strategies are set up to take advantage of short-term reversals in the futures price. The position has to be traded with protective stops to ... More

INTERVIEW

`India is a stock picker's market'
AFTER over a year of frenzied preparations and awaiting regulatory clearances, Fidelity Mutual Fund is ready to go live. It's not surprising then, that Mr Arun Mehra, Fund Manager of Fidelity Equity Fund, the asset management company's maiden ... More

COMMENTARY

Selling pressure drags Sensex down
SELLING pressure dragged the Sensex down sharply by 121.24 points (or 1.82 per cent) on Tuesday's trading, marking the second successive day of decline in the broad markets. The Sensex closed at 6535.45 points, slipping back to the levels ... More

IPOS

Jaiprakash Hydro IPO oversubscribed
THE public offer for buying stake in Jaiprakash Hydro Power Ltd, promoted by Delhi-based Jaiprakash Associates, was oversubscribed within minutes after the offer opened today. At the end of the day, the offer was subscribed almost two ... More

3i Infotech IPO price band at Rs 90-100
IT solutions and services provider 3i Infotech hopes to mop up Rs 230 crore with an initial public offering of 2 crore equity shares and a greenshoe option of 30 lakh shares. The issue will open on March 30 and close on April 4. The price band ... More

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