Financial Daily from THE HINDU group of publications
Wednesday, August 17, 2005
Markets (August 16)
BL 2502407.25 (+10.40)
BSE Sensex7768.24 (+0.75)
S&P CNX Nifty2369.80 (+8.25)
US Dollar (Buy/Sell)43.48/43.60
Gold Std (10 gm)6285 (-60)

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MARKETS

MUTUAL FUNDS


Tata MF bets on contrarian style
TATA Mutual Fund has worked out an equity scheme that will follow a contrarian investing strategy. The proposed Tata Contra Fund, which will adopt a bottom-up approach, will invest in stocks of companies irrespective of market capitalisation. ... More

Franklin launches Fixed Tenure Fund- Series II
MUMBAI: Franklin Templeton Investments (India) Ltd has launched a 60-month Fixed Tenure Fund-Series II plan, which would provide investors steady returns along with capital appreciation through equity exposure. The new fund offer period ... More

Contra funds: Gaining ground
CONTRA funds are set to become a complete genre in India, thanks to an increasing propensity of asset management companies to come up with these products. The latter, sources say, are slowly gaining a firmer foothold in the market. SBI MF ... More

TECHNICAL ANALYSIS


Bears reign
BEARS prevailed over Tuesday's trading activity. The day's market action resulted in increasing the bear count by a considerable margin. The sentiment reading of the tradable counters stands bearish. Bull domination on Wednesday has the potential ... More

STOCK MARKETS


Sterlite Optical gains on order positions
STERLITE Optical Technologies is buzzing on the market on its growing order book figures. The counter on Tuesday logged 4.43 lakh shares on the BSE and hung up with a gain of 1.47 per cent at Rs 86.40. According to the management, there had ... More

Small-caps shine on BSE — Every 8th stock hits upper circuit
LARGE-CAP and mid-cap stocks remained flat while small-cap stocks continued their upward movement in Tuesday's trade. A clear indication of this was seen when every eighth small-cap stock traded on BSE was locked in upper circuit with most of ... More

S Kumars Nationwide gains on retail and export focus
SHARES of S Kumars Nationwide Ltd (SKNL), a textile company, are moving upward on news that it plans to focus on exports and retailing of branded textiles and garments. The company's financial restructuring is also seen as positive for the ... More

Media Video jumps on re-rating hopes
MEDIA Video Ltd scaled its year-high price of Rs 40 on the BSE, on Tuesday, on huge buying by a section of traders and investors. The stock closed at Rs 38.45, up 14.43 per cent and recorded a total traded quantity of 3.62 lakh shares, against ... More

COMMENTARY


Buying interest in small, mid-caps salvages market
THE markets ended on a flat note on Tuesday after range bound trading witnessed throughout the session. The Sensex closed at 7768.2 - up 0.8 points. After a bout of profit-booking the markets managed to regain lost ground with an intra-day ... More
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