The Hindu Business Line : Saturday, October 22, 2005

ICRA assigns highest credit risk rating to HDFC savings plan
ICRA has assigned a credit risk rating of `mfA1+' to HDFC Cash Management Fund - Savings Plan. The rating denotes highest credit quality short-term rating assigned by the agency to debt funds. The scale, an ICRA press note states, applies to ... More

5-year close-ended scheme from HDFC Mutual Fund
HDFC Mutual Fund has worked out a five-year close-ended scheme, which will be automatically converted into an open-ended fund on maturity. The proposed HDFC Long Term Equity Fund will allow redemptions and switch-outs on an on-going basis at ... More

SBI MF hikes stake in Crompton Greaves
SBI Mutual Fund has acquired 1.25 lakh shares of Crompton Greaves Ltd from the market, accounting for 0.24 per cent of the company's paid-up equity. The acquisition has been carried out through various schemes managed by SBI MF. The fund has ... More

STOCKS

Consumer packing project attracts interest in Paper Products
A BLOCK deal involving 3.26 lakh shares on the NSE indicated some churning in the institutional investment in the Paper Products' stock. The stock finished 5.63 per cent up at Rs 229. The deal was struck at Rs 228 and represented almost the total ... More

Biocon jumps on hopes of stable statins prices
DESPITE a reported fall in net profit for the second quarter, the stock of pharma company Biocon rose on Friday on expectation of stability in statins prices, a key product for the company. In today's trading, the stock rose 5.46 per cent to Rs ... More

TECHNICAL ANALYSIS

Bull domination
BULLS dominated Friday's trading activity. However, the sentiment reading of the tradable counters remains mildly bearish. Further bull domination on Monday is likely to reverse the sentiment reading in its favour. On the contrary, the prevailing ... More

FINANCIAL MARKETS

Chidambaram for more depth in capital market — `More cos must be listed on SEs'
THE Finance Minister, Mr P. Chidambaram, today called for greater depth in the capital market by suggesting that more public and private companies should be listed on the country's stock exchanges to enable their performance to be judged by the ... More

STOCK MARKETS

Sensex bounces back with 134-pt gain
STOCK prices rose on Friday reversing a three-day decline as value buying and statement by the Finance Minister, Mr P. Chidambaram, that foreign investors would continue to invest in India, buoyed sentiment. The relaxation of foreign investment ... More

Adlabs betting on numbers
ADLABS, a media company, is being accumulated by market players even in a depressed market environment. Dealers said the buying is ahead of the company's financial results next week. The company's board is scheduled to meet on October 27 for ... More

FOREIGN INSTITUTIONAL INVESTORS

FII inflows here to stay: Chidambaram
`20 pc jump in FDI'
THE Finance Minister, Mr P. Chidambaram, today allayed fears of possible large-scale pullout of portfolio investments by foreign institutional investors (FIIs) and expressed confidence that the country would continue to get large inflows. "If ... More

COMMENTARY

Good Q2 nos put bulls back in driver's seat
AFTER wilting under bearish sentiment for three consecutive sessions, markets rebounded with a strong note of optimism. All-round buying helped the Sensex post a gain of 133.8 points, while the broader Nifty ended 48.3 points higher. On Friday, ... More

IPOS

Sethusamudram Corpn to raise $100 million — Apart from foreign currency loans, IPO planned
While the Government of India will pump in equity of Rs 495 crore, Shipping Corporation of India and Tuticorin Port will chip in with Rs 50 crore each and the Chennai and Ennore ports will contribute Rs 30 crore each. More

SEBI working on IPO rating
THE Securities and Exchange Board of India (SEBI) is working with credit rating agencies to introduce grading of initial public offerings, according to Mr M. Damodaran, Chairman, SEBI. The aim is to enable more realistic pricing of shares and ... More

INVESTOR PROTECTION

`SEBI taking steps to make capital market safe for investors'
THE Securities and Exchange Board of India (SEBI) is working on a series of steps, including permitting short selling of securities by institutions, increasing the positions limit for derivatives and stricter regulation of mutual fund ... More

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