Financial Daily from THE HINDU group of publications
Friday, December 23, 2005
Markets (December 22)
BSE Sensex9372.30 (+33.13)
S&P CNX Nifty2835.25 (+12.35)
US Dollar (Buy/Sell)45.19/45.33


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MARKETS

MUTUAL FUNDS


SBI MF launches blue chip fund
SBI Mutual Fund on Thursday launched an open-ended growth fund `SBI Blue Chip Fund', which will primarily invest in the BSE-100 index stocks. The launch comes immediately after the fund raised record initial collection of Rs 2,112 crore through ... More

UTI Growth and Value Fund declares payouts for HY, annual plans
UTI Growth and Value Fund has declared tax-free dividends of 50 per cent under its `annual dividend plan,' and 25 per cent under its `half-yearly dividend plan.' A UTI Mutual Fund press release said here on Wednesday that the record date for ... More

UTI MF shortlisted for managing National Investment Fund
THE Government has shortlisted UTI Mutual Fund for managing the National Investment Fund, the new vehicle for funding health and primary education projects. UTI MF intends to leverage its expertise as the country's No. 1 asset manager handling ... More

STOCKS


Uttam Galva raises $14 m thru FCCB issue
UTTAM Galva Steels today announced that it has exercised its green shoe option and raised $14 million through Foreign Currency Convertible Bonds (FCCB). The Green Shoe option of $14 million is over and above the initial FCCB offering of $30 ... More

Granules India shines on strong export market
GRANULES India is moving up on strong export impetus. The stock today moved up by 4.35 per cent to Rs 116.45. The traded quantity in the counter also shot up to 3.42 lakh shares from the fortnightly average of 2.46 lakh shares on the ... More

IDFC plans to buy 19.4 pc stake in Feedback Ventures
THE Infrastructure Development Finance Company Ltd (IDFC) has decided to buy 19.4 per cent equity in the Delhi-based Feedback Ventures Pvt Ltd, an infrastructure advisory, engineering services and project development company. IDFC will also ... More

TECHNICAL ANALYSIS


Volatile movement
THURSDAY'S market activity witnessed volatile movement. However, the sentiment reading of the tradable counters remains bearish. Bull domination on Friday is likely to change the sentiment reading in their favour. On the contrary, the bearish ... More

STOCK MARKETS


Jaiprakash Associates up on re-rating hopes
JAIPRAKASH Associates, a company into construction, cement and power, rose on Thursday. The stock rose 7.29 per cent at Rs 392.80 on the BSE with volumes of 8.51 lakh shares; on the NSE, it closed at Rs 392.80, up 7.22 per cent with volumes of ... More

FOREIGN INSTITUTIONAL INVESTORS


Warburg sells balance stake in GACL
WARBURG Pincus has sold its remaining stake in Gujarat Ambuja Cements Ltd, its affiliate Elm International selling over 2.18 crore shares in a bulk deal on BSE that fetched it Rs 178 crore. The deal was done at Rs 82 per share, the buyer being ... More

REGULATORY BODIES & RULINGS


SEBI bans 9 finance cos for rigging in GCCL Infrastructure
THE Securities and Exchange Board of India has banned nine finance companies and one OCB (overseas corporate body) from accessing and dealing in the securities market for rigging in share prices of the Ahmedabad-based GCCL Infrastructure and ... More

COMMENTARY


ONGC, HDFC, HDFC Bank ensure index gain
DRIVEN by gains in key index stocks such as ONGC and the duo of HDFC and HDFC Bank, the benchmark Bombay Stock Exchange (BSE) Sensex rose by 33.13 points to finish at 9372.30 points. The Nifty rose 12.35 points to end at ... More

IPOS


Sree Sakthi Paper to enter market to raise Rs 25 cr
AFTER a gap of nearly a decade, activity has picked up in Kerala's IPO (initial public offering) market with the Kochi-based Sree Sakthi Paper Mills Ltd announcing its maiden public issue. The company has obtained clearance from the Securities ... More
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