Financial Daily from THE HINDU group of publications
Friday, December 09, 2005
Markets (December 08 - 15.30 IST)
BSE Sensex8,906.31(+10.50)
S&P CNX Nifty2706.70 (+13.70)
US Dollar (Buy/Sell)46.21/46.34


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FINANCIAL SERVICES


ABN-Amro plans to offer retail brokering services
ABN-AMRO is planning to start retail brokerage services by February 2006, under ABN-Amro Equities, which is a subsidiary of the bank, said Mr Romesh Sobti, Executive Vice-President and Country Representative. In the first phase, the service ... More

MUTUAL FUNDS


Federal Bank to distribute Franklin Templeton MFs
FRANKLIN Templeton Investments (India), one of the largest mutual funds in the country, today announced a tie-up with Federal Bank to distribute its products through the bank's branches. A memorandum of understanding was signed between the ... More

StanChart MF unveils 2 close-ended schemes
STANDARD Chartered Mutual Fund today announced the launch of two close-ended income funds targeted at traditionally fixed income investors. The Standard Chartered Tristar Series I and Grindlays Fixed Maturity Plus Plan I will be close-ended ... More

Merrill Lynch ups stake in DSP-ML — To be delisted from BSE
The deal is expected to close in the first half of 2006 and is subject to various regulatory approvals More

TECHNICAL ANALYSIS


Bull domination
BULLS dominated Thursday's trading activity. Bear domination on Friday is likely to change the sentiment reading. On the contrary, the bullish trend is likely to be strengthened by additional counters. Nifty futures: The ... More

STOCK MARKETS


Navin Fluorine gains on carbon trading buzz
NAVIN Fluorine gained by five per cent on Thursday to close at Rs 324.10 with volumes rising on market buzz that the company has progressed in its efforts towards beginning carbon trading. Volume increased to 1.02 lakh shares from the two-week ... More

FOREIGN INSTITUTIONAL INVESTORS


FIIs can buy 49 pc in Strides Arcolab
MUMBAI: Foreign institutional investors can purchase equity shares and convertible debentures of Strides Arcolab Ltd, up to 49 per cent of its paid-up capital, under portfolio investment scheme, the Reserve Bank of India said in a press ... More

REGULATORY BODIES & RULINGS


SEBI fines CSFB for `short selling' Reliance scrip
The SEBI order comes at a time when there are reports that CSFB is planning re-entry, since the two-year suspension is over. More

COMMENTARY


Cautious mood
THE markets opened on a flat note as market sentiment continued to remain cautious. The bellwether indices marked by range-bound movement in the early part of the session alternated between positive and negative territories. Post-lunch market ... More

IPOS


Bartronics plans to enter capital market
BARTRONICS India Ltd, a player in the automatic identification and data capture (AIDC) business, plans to establish an R&D centre and expand its branch network in India and is eyeing the potential overseas. The company is envisaging a Rs ... More
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