The Hindu Business Line : Saturday, December 10, 2005

Capital market as source of finance — The chest-thumping is premature
Market capitalisation of a company is merely the product of the number of equity shares issued and their market price. It is not a source of equity finance. The right indicator is the issue price. Market cap is up because of reduced risks and forecas ts of robust growth, which signal banks have read to lend more to India Inc. With bank credit up nearly 80 per cent, they still remain the main source of corporate finance, says G. Ramachandran. More

TECHNICAL ANALYSIS

Bulls ablaze
THE sentiment reading of the tradable counters remains bullish. Bear domination on Monday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment is likely to be further strengthened. ... More

STOCK MARKETS

Sensex closes above 9,000 — Market witnesses across-the-board buying
THE stock markets closed at lifetime high-levels on Friday, buoyed by fresh commitments by foreign funds, short-covering and on news of Bombay High Court's approval of Reliance Industries' de-merger scheme. The benchmark BSE-30 index closed at ... More

Polaris Software: Stake sale talk back again
POLARIS Software Laboratories on Friday logged over nine per cent appreciation in price and a jump in volumes. The stock closed at Rs 142.30. On the NSE, it recorded a traded quantity of 47.15 lakh shares and on the BSE, 16.62 lakh shares. The ... More

COMMENTARY

IT, pharma, auto record sharp gains
IT was a day marked by heightened bullish activity, which pushed the benchmark indices to record highs. Spurted by the Government's positive outlook on economic growth, markets recorded a spectacular rise. The benchmark Sensex, which had touched ... More

IPOS

Tanla Solutions plans public issue
TANLA Solutions Ltd, a telecom infrastructure solutions provider, is set to enter the capital market with a follow-up issue of 1.59 crore equity shares of Rs 2 each through 100 per cent book building process. The company has filed the draft ... More

Dynemic plans IPO
THE Ahmedabad-based food grade dyes manufacturer Dynemic Products Ltd is tapping the stock market with a Rs 15.47-crore initial public offering in January. The company is offering 44.21 lakh shares of Rs 10 face value at a premium of Rs 25 per ... More

PUBLIC OFFER

Response to public issue satisfies ICICI Bank
ICICI Bank, which has fixed the price of its domestic issue at Rs 525 a share, has drawn a "satisfactory" level of retail subscription, Mr K.V. Kamath, MD & CEO, remarked here today. The views of the ICICI Bank brass may be seen in the context .. More

Stock Quotes
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Top Stories
Bombay HC approves RIL demerger

Sumitomo group plans 3rd subsidiary in India

Forex reserves rise $921 m

PM urges unions to respond to changing times

15 lakh t soyameal contracted for exports

IRDA plans third-party risk pool for motor insurance

Beer: No more a seasonal drink?

In Focus

Trends in IT - 2005

FDI in retail sector