The Hindu Business Line : Saturday, May 07, 2005

Kotak unveils lifestyle fund
WITH an eye on the growing domestic market, Kotak Mahindra Mutual Fund is launching the Kotak Lifestyle fund. This open-ended growth fund would invest in equity of companies that are likely to benefit by the changing lifestyle and rising ... More

STOCKS

NCCL may split shares
HYDERABAD: The board of directors of Nagarjuna Construction Company Ltd will meet on May 16 to consider sub-division of existing equity shares. The board would also consider and approve audited results of the company for the year ended ... More

TECHNICAL ANALYSIS

Initial gains not held
INTRA-day bear pressure of Friday's trading activity led to the termination of the uptrend in most of the counters in the list. The sentiment reading of the tradable counters stands mildly bullish. Bear domination on Monday is likely to change ... More

STOCK EXCHANGES

CSE transfers membership cards
The exchange on Friday listed the names of members whose cards will now be held by others, in some cases based on the strength of nominations granted in favour of the latter. The CSE has also invited members to lodge claims, if any, against the ... More

STOCK MARKETS

Havells surges on strong growth
THE counter of Havells India, a company into electric circuit breakers and other electrical equipments, touched its 52-week high on Friday. The stock closed at Rs 341.85, up 4.54 per cent, on the BSE with volume of 51,718 shares and on the NSE ... More

Electronic media stocks in limelight
ELECTRONIC media stocks, led by Zee Telefilms, were among the movers on Friday as investors' attention was keyed towards the segment for a number of reasons. The Zee stock rose 6.48 per cent to Rs 150.30, around its two-month high. Content ... More

DERIVATIVES MARKETS

Outlook may turn negative for HPCL, Andhra Bank
THE following strategies are based on Friday's trading in the derivative segment on the NSE: HPCL: The May futures contract closed at 335.25. The outlook may turn negative if the May contract trades below 324.15. In the event, the ... More

COMMENTARY

Technology, oil stocks lead rally
FIRM trend in stock prices continued as markets put on gains for the fifth straight day. The upward momentum to stock prices during the week reverses the setback suffered in the previous week. In the week ended April 29, Sensex shed 192 points. ... More

IPOS

Nandan Exim plans Rs 12-cr IPO
MUMBAI: Nandan Exim Ltd is entering the capital with an initial public offer to raise Rs 12 crore from the market to finance its capacity expansion. It will issue 60 lakh shares of Rs 10 each at a premium of Rs 10. The issue will open on ... More

PUBLIC OFFER

Yash Papers public issue priced at Rs 14 per share
YASH Papers Ltd, in the process of expanding its paper manufacturing capacity, plans to enter the capital market with an issue to raise Rs 22 crore to part fund its expansion plans. The company's public issue, priced at Rs 14 per share, is ... More

INVESTOR PROTECTION

IGF seeks probe into alleged price rigging in 3 banks
THE Investors' Grievances Forum (IGF) has demanded an inquiry by the Securities and Exchange Board of India (SEBI) into alleged price rigging in the shares of public sector banks ahead of their public issue this year. The inquiry demanded by ... More

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