Financial Daily from THE HINDU group of publications
Friday, June 24, 2005
Markets (July 25)
BL 2502325.28 (+12.27)
BSE Sensex7505.60(+82.35)
S&P CNX Nifty2291.75 (+26.15)
US Dollar (Buy/Sell)43.51/43.63
Gold Std (10 gm)6085 (+35)

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MARKETS

MUTUAL FUNDS


JM Mutual to focus on equity portfolio
FOLLOWING a major internal research spread over one-and-a-half years, JM Financial Asset Management Pvt Ltd has decided to shift its focus towards equity portfolio from the debt segment, its Director, Mr J.K. Modi, said. Of the Rs 4,200-crore ... More

Anand Rathi launches Real Estate Opportunities Fund
ANAND Rathi group, which is into financial services, today announced its foray in real estate private equity with the launch of the `Real Estate Opportunities Fund'. It is a close-ended fund for domestic and overseas investors with a targeted ... More

STOCKS


Reliance Industrial Infra makes steady gains
RELIANCE Industrial Infrastructure Ltd, which carries the lowest profile among all listed entities in the Reliance group, has lately been a quiet performer on the bourses. The RIIL counter has been creeping up ever since the market started ... More

IDBI divests stake in Novopan
HYDERABAD: Novopan Industries Ltd has informed the stock exchanges that Industrial Development Bank of India Ltd (IDBI) has sold 1,77,891 shares aggregating to 2.02 per cent of the share capital of Novopan. The shareholding of IDBI after ... More

TECHNICAL ANALYSIS


Range-bound movement
THURSDAY'S trading activity witnessed a narrow movement. Neither the bulls nor the bears could gain from the day's trading. The sentiment reading of the tradable counters remains bullish. Bear domination on Friday has the potential to change the ... More

STOCK MARKETS


Glenmark up on milestone payment talk
THE Glenmark Pharmaceuticals stock is in the buzz on market talk that it would get first milestone payment for its anti-diabetic drug research. On Thursday, the counter attracted a traded quantity of around 3 lakh shares on the BSE and finished ... More

Pocket
``I'm sure it's the 7000 effect! He's stared calling my money `our money' again!''

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DERIVATIVES MARKETS


Small reversal likely in HCL Tech, Tata Motors
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE. These strategies are constructed to take advantage of small reversal in futures prices. The positions may run counter to the primary trend. Protective ... More

COMMENTARY


IT stocks dampen sentiment; mid-caps gain
AFTER scaling new life highs over the past week, both the bellwether indices took a breather on Thursday, as they closed almost flat. The BSE Sensex closed the day at 7119.7 points, shedding about 26 points in value; while the Nifty lost 4 ... More
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