The Hindu Business Line : Thursday, May 19, 2005

MFs' new equity schemes disappoint investors
INVESTORS in IPOs of equity funds are generally coming in for a rude awakening — many of the schemes, including some of the new-fangled ones, have not made money for them at all. In some cases, the net asset values are way below their ... More

Sundaram Mutual unveils `Star'
SUNDARAM Mutual Fund has lined up an equity scheme aimed at investing in companies that are (or are expected to emerge as) global sourcing bases for products and services. Sundaram Star Fund will pick up companies that are turning out to be ... More

Prudential ICICI to launch services, infrastructure funds
PRUDENTIAL ICICI Mutual Fund is seeking to launch two new equity products called Prudential ICICI Service Industries Fund and Prudential ICICI Infrastructure Fund. The service sector fund is an open-ended fund that would invest primarily in ... More

TECHNICAL ANALYSIS

Bears prevail
BEARS extended further pressure over the initial hours of Wednesday's trading. The sentiment reading of the tradable counters stands bearish. Bull domination on Thursday has the potential to turn the sentiment reading to bullish. On the ... More

STOCK MARKETS

`No plans to ban participatory notes'
THE Securities and Exchange Board of India (SEBI) has no plans to ban participatory notes, Mr M. Damodaran, Chairman, SEBI, said here on Wednesday. Speaking to presspersons on the sidelines of the CII annual session, Mr Damodaran justified the ... More

Goa Carbon up on turnaround hopes
THE Goa Carbon stock has been on the move as the market discovered the turnaround prospects of the company. The counter on Wednesday closed up around 7 per cent with good volumes. It created a 52-week high on Monday. According to market ... More

Akash Opti gains on order expectations
Dealers said the interest in the stock is mainly on expectation of an order soon. However, the exact amount and from where this order will come were not known. But the talk is that this order is not from BSNL from where the company regularly ... More

REGULATORY BODIES & RULINGS

Simpler delisting norms for small cos in 6 months
The Securities and Exchange Board of India (SEBI) Chairman, Mr M. Damodaran, said on Wednesday that a simpler exit route for such companies would be evolved in the next six months. "We are working on this and there will be good news for you in ... More

COMMENTARY

Auto, IT, media stocks drive down indices
TUESDAY'S negative sentiment continued on to Wednesday's trade. After opening on a weak note, the markets continued to trade in the red. SEBI's announcement ruling out the banning of FIIs from issuing participatory notes appeared to have ... More

IPOS

Shri Ramrupai Balaji Steels plans IPO
JAI Balaji Group company Shri Ramrupai Balaji Steels Ltd has firmed up plans for an initial public offering of two crore equity shares of the face value of Rs 10 each through the book building process. Proceeds from the IPO, which is likely to ... More

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