The Hindu Business Line : Wednesday, July 20, 2005

Anand Rathi branch in Kochi
KOCHI: The Mumbai-based Anand Rathi Group, offering various financial services, has forayed into the Kerala market with the opening of its regional office in Kochi. The full-fledged branch at Kochi will offer the entire gamut of ... More

Bank of India to take stake in broking firm
To augment its Tier II capital, the bank is planning a bond issue to raise Rs 300 crore and has also got approval to raise Tier I capital of Rs 100 crore through equity offering. More

MUTUAL FUNDS

All options open on UTI MF rejig
Whoever, individually or collectively, takes over the fund would be asked to pay a premium to the Government for acquiring the assets. More

TECHNICAL ANALYSIS

Narrow movement
TUESDAY'S trading activity witnessed range bound movement. Neither the bulls nor the bears could gain much from the day's activity. The sentiment reading of the tradable counters remains bullish. Bear domination on Wednesday has the potential ... More

STOCK MARKETS

Of mandi and teji at the bourses — Remain calm and do not be greedy to make money from the market, speeding or not

`Buy and sell small quantities, and have patience and discipline, you will never lose in the market.'

`The next 15 to 20 years are going to be very big for the economy, and hence they will be good for the equity market too.'

`There is no such thing as a free lunch, but these days the stock market seems to be serving a free lunch to everybody.'

`When both the bears and the bulls are equally forceful, it is best to watch the show from the sidelines... ' More

Revathi Equipment firm on fundamentals
REVATHI Equipment ruled firm ahead of book closure, which begins on Wednesday. The stock, after touching the day's high at Rs 745, closed at Rs 738 on the BSE. It had witnessed its 52-week high on July 6 at Rs 770. According to analysts, strong ... More

Steel Strips gains on export orders
STEEL Strips Wheels, an auto-ancillary company into wheel rims, was locked in the 5-per cent upper circuit. The stock closed at Rs 164.60 on the BSE with volumes of 89,335 shares; on the NSE, it closed at Rs 166 with volumes of 44,396 shares. ... More

NEPC India jumps thanks to firm orders
NEPC India today closed at a 52-week high of Rs 37.90, 10 per cent higher than the previous close of Rs 34.45, hitting the circuit breaker. On the NSE, about 5.4 lakh shares exchanged hands. The stock has been attracting investors' attention in ... More

FOREIGN INSTITUTIONAL INVESTORS

Temasek picks 10 pc in Shringar Cinemas
TEMASEK Holdings, the investment vehicle of the Singaporean Government, has picked up 10 per cent stake in Shringar Cinemas Ltd in a bulk deal on the Bombay Stock Exchange (BSE) for a total consideration of Rs 19.73 crore. Temasek's acquisition ... More

COMMENTARY

Sensex flat, RIL gains
THE markets ended on a lacklustre note compared to the buying action witnessed on Monday's trading. The Sensex closed 0.47 points (0.01 per cent) lower at 7346.63 points. The Sensex, however, staged a recovery from the lows touched in early ... More

IPOS

Bharat Overseas Bank to raise Rs 100 cr through IPO in October
CHENNAI-BASED Bharat Overseas Bank Ltd is tapping the capital markets with its Rs 100-crore initial public offer in October. Mr G. Krishna Murthy, Chairman and Chief Executive Officer of the bank, said that the proceeds from the IPO would go ... More

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