The Hindu Business Line : Tuesday, July 26, 2005

`UTI MF stake sale not to harm investors'
THE stake sale of UTI Mutual Fund to one or all of its current sponsors is not likely to affect investors' interest, the Chairman of UTI AMC, Dr R.H. Patil, said. "The stake sale is a matter for the Government. As it has invested substantially ... More

STOCKS

India Cements posts Rs 5.21-cr net; to issue GDRs
INDIA Cements Ltd has reported a net profit of Rs 5.21 crore on sales of Rs 452 crore for the April-June 2005 period compared to a loss of Rs 18.10 crore on sales of Rs 312.14 crore for the corresponding period last year. The board on Monday ... More

TECHNICAL ANALYSIS

Bulls reign
THE bulls maintained their supremacy over Monday's trading activity. Their dominance for the third successive trading day left the bears totally stranded. The sentiment reading of the tradable counters stands strongly bullish with no downtrend ... More

STOCK MARKETS

Stock markets have not outpaced economy, says SEBI Chairman
THE latest run-up in the stock market indices is not indicative of an over-heated capital market, the Securities and Exchange Board of India Chairman, Mr M. Damodaran, hinted on Monday. "I think what the Finance Minister said was that if the ... More

NTC mills' sale triggers boom in firms with land
THE sale of two Mumbai's textile mills at very high prices has once again driven up share prices of companies with huge real estate. There was across the board buying in the shares of companies that own land in Mumbai or other major cities in ... More

Blue Coast Hotels gaining on room strength
BLUE Coast Hotels & Resorts created a price wave on the BSE at its 52-week high of Rs 95.05. However, because of profit-taking, the counter closed at Rs 88.05, lowest of the day. According to dealers, the occupancy rate of the 250-room super ... More

Indo Rama Synthetics: Correction

DERIVATIVES MARKETS

Outlook may turn positive for NDTV
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: ICICI Bank: Sell July futures if the contract trades below 483. The downside target is 480-474. Place the protective stop at 490. The open ... More

FOREIGN INSTITUTIONAL INVESTORS

Sensex zooms past 7,500 on foreign fund inflows; bank stocks shine
STOCK prices continued their upturn taking the BSE Sensex past 7,500 points for the first time. Bank stocks, including SBI and ICICI Bank, lead the pack as FIIs continued to buy shares ahead of the quarterly review of the monetary policy on ... More

Temasek arm sells 6% in Satnam Overseas, Morgan Stanley buys part
A TEMASEK Holdings' subsidiary on Monday sold more than six per cent of its stake in Satnam Overseas in the market. Morgan Stanley & Company bought most of these shares. Filings with stock exchanges show that Aranda Investments, a subsidiary of . More

REGULATORY BODIES & RULINGS

`No extension of deadline for revised clause 49 compliance'
THE Securities and Exchange Board of India (SEBI) has ruled out any extension of the December 31 deadline set by it for compliance by listed companies with the revised clause 49 of the Listed Agreement. "No concerns about December 31 deadline ... More

COMMENTARY

Record-breaking run continues
THE markets witnessed another record-breaking run on Monday with both the Sensex and Nifty creating new highs. Continuous net buying by foreign institutional investors, impressive corporate results and the normal monsoon boosted market ... More

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`No extension of deadline for revised clause 49 compliance'

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