The Hindu Business Line : Thursday, April 07, 2005

Self regulatory body for brokers mooted
THE Association of NSE Members of India (ANMI) has mooted the idea of forming Self Regulatory Organisation (SRO) to regulate the stockbrokers community. "A proposal for SRO has been given to SEBI for approval and once it has been done, ANMI ... More

INSIGHT

Abhimanyus of the financial markets
A financial market with a million Abhimanyus, who cannot exit, is a poor showpiece for global participants. It is important to rework the financial architecture to reform the illiquid stock market and integrate domestic credit markets, evolve a singl e yield curve and enhance the capability of participants to enter and exit the market any time. Such a reworking is required before there is talk of integrating the domestic markets into the global financial system, says R. Vaidyanathan. More

TECHNICAL ANALYSIS

Narrow movement
MARKET witnessed range-bound movement on Wednesday. Neither the bulls nor the bears could gain much from the day's trading. The sentiment reading of the tradable counters remains bearish. Bull domination on Thursday is likely to change the ... More

STOCK MARKETS

United Western Bank gains ahead of board meet
THE stock of United Western Bank on Wednesday reacted positively ahead of the bank's board meet on Thursday. The stock finished at Rs 44.75, up 2.52 per cent, after touching a day's high at Rs 45.30 on the NSE. The bank proposes to raise Tier-I ... More

Despite no assets and operations — Buyers flocking to SM Dyechem shares
STRANGE are the ways of stock investors and what they deem to be a profitable buy. It matters not a whit to them that a company ceases to operate and its assets stand liquidated. One instance of investors staying bullish after a company had ... More

NDTV up on diversification talk
THE much talked about stock in the media space is NDTV. Market speculation revolves around the company's plan to diversify into other channels. Indications are that the company would announce the launch of a general entertainment channel ... More

DERIVATIVES MARKETS

Outlook may turn positive for BoB, OBC
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: BoB: The April futures contract closed at 212.65. The outlook could turn positive if futures trade above 213.70. The upside target range is ... More

REGULATORY BODIES & RULINGS

SEBI fines Sterlite over pref allotment to Twinstar Holdings
THE Securities and Exchange Board of India (SEBI) has levied a fine of Rs 1 lakh on Sterlite Industries in connection with the preferential allotment of shares to Twinstar Holdings. Sterlite Industries made a preferential allotment of shares ... More

COMMENTARY

Pivotals, small-cap stocks make gains
THE seesaw movement in stock prices continued with stocks bouncing back on Wednesday to recoup the losses suffered on Tuesday. Sensex, which ended above the level of 6,600, gained 0.86 per cent. This was higher than the gains registered by BSE ... More

IPOS

Gokaldas IPO subscribed 42 times
THE Gokaldas Exports' IPO, which opened on March 30, closed on Wednesday. It offered 31.25 lakh equity shares with a face value of Rs 10 in the Rs 375-425 price band and was subscribed 41.62 times. Over 13 crore bids were received. Post issue, ... More

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