Financial Daily from THE HINDU group of publications
Friday, January 20, 2006
Markets (January 19)
BSE Sensex9449.84(+212.31)
S&P CNX Nifty2870.85 (+61.65)
US Dollar (Buy/Sell)44.31/44.44


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PREFERENTIAL ALLOTMENTS


BAL, Copa Cabana pick up stake in Bajaj Auto Fin
BAJAJ Auto Ltd and Copa Cabana have informed the NSE that they have acquired equity shares of Bajaj Auto Finance Ltd. Bajaj Auto Ltd has informed the stock exchanges that Bajaj Auto Ltd (& Bajaj Auto Holdings Ltd) has acquired 10,03,260 shares .. More

NEW FUND OFFER


IL&FS, Orix to launch $100-m pan-Asia fund
THE Mumbai-based IL&FS and Orix Corporation of Japan are jointly launching a $100-million Pan-Asia Project Development Fund. A joint venture agreement to this effect has been signed in Tokyo by Mr Y. Miyauchi, Chairman and CEO of Orix, which is . More

MUTUAL FUNDS


Franklin Templeton suspends sales in Prima Fund for 6 months
FRANKLIN Templeton Investments has decided to suspend fresh sales in Franklin India Prima Fund (FIPF), a diversified fund that invests chiefly in mid and small cap stocks. The suspension, effective February 4, will be in force for six ... More

STOCKS


ITSL acquires 40.79 pc in Sanghi Industries
IDBI Trusteeship Services Ltd (ITSL) has acquired 8,89,21,000 shares of Sanghi Industries Ltd (SIL), aggregating to 40.79 per cent of its total paid-up capital. The company has informed the stock exchanges about the acquisition in the capacity ... More

TECHNICAL ANALYSIS


Bull domination
BULL dominated over Thursday's trading activity. The sentiment reading of the tradable counters turned bullish. Bear domination on Friday is likely to change the sentiment reading in their favour. On the contrary, the current sentiment is likely ... More

STOCK MARKETS


Sensex rebounds; gains 212 points
BROAD-BASED buying by investors fuelled the stock market with the BSE Sensex gaining 212.31 points to close at 9449.84 points. The markets, which had been moving down in a correction phase during the last few sessions, reversed that trend in ... More

IVRCL rises on `buy' report
SHARES of IVRCL Infrastructures & Projects have been on the upward march after a leading brokerage firm recommended a `buy' on the stock. The company's shares rose by Rs 52.15 (6.22 per cent) on the BSE on Thursday. On the NSE, the stock rose ... More

COMMENTARY


IT, sugar stocks guide Sensex rally
THE bulls stampeded their way through Dalal Street, and dismissing in their wake weak trading trends in the early part of the week. The Sensex gain of 212 points was the highest single-day gain in close to four months. Within the Sensex, all but ... More

IPOS


ICAI offers service in IPO issues — Vetting allotment process
THE Institute of Chartered Accountants of India (ICAI), worried at the latest incidents of wrongful allotments of initial public offerings, has proposed to offer its services in vetting the allotment process followed by companies. The fact that ... More

RIGHTS ISSUE


GIC Housing Fin up ahead of rights issue
GIC Housing Finance on Thursday shot up ahead of final price announcement for the forthcoming rights issue. The stock finished at Rs 54.3, up 5.44 per cent on the BSE. It also recorded higher traded volumes on both BSE and NSE. Over 1.67 lakh ... More
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