The Hindu Business Line : Wednesday, February 15, 2006

Sundaram Mutual launches fixed term plan
SUNDARAM Mutual is launching a close-ended income scheme `Sundaram Fixed Term Plan' with five maturity periods ranging from 100 to 800 days. The new fund offer (NFO) opens from February 15 and closes on February 21. There would be two ... More

Sahara unveils infrastructure fund
SAHARA Mutual Fund, part of Sahara India Pariwar, on Tuesday announced the launch of Sahara Infrastructure Fund, an open-ended growth fund. The new fund offer opens on February 15 and closes on March 10. The Sahara Infrastructure Fund aims to ... More

STOCKS

LIC sells 2.18 pc stake in Dr Reddy's
DR Reddy's Laboratories Ltd has informed the stock exchanges that Life Insurance Corporation of India has sold 16,67,144 shares aggregating to 2.18 per cent of share capital of Dr Reddy's Labs on January 30. The mode of sale is market sale. ... More

Prajay Engineers allots shares to Merrill Lynch
HYDERABAD: Prajay Engineers Syndicate Ltd has informed the stock exchanges that the allotment committee of its board of directors at a meeting held on Saturday has allotted 3,02,533 equity shares of Rs 10 each fully paid up to Merrill ... More

TECHNICAL ANALYSIS

Bear domination
BEARS dominated over Tuesday's trading activity. The sentiment reading of the tradable counters changed to neutral. Further bear pressure on Wednesday is likely to change the sentiment reading in to bearish. On the other hand, it is likely to ... More

STOCK MARKETS

Global cues hit metal stocks
Base metal stocks led by Hindustan Zinc, Hindalco, Sterlite Industries and National Aluminium dipped on Tuesday on weak global prices, dealers said. They said that the metals have been witnessing selling pressure at the London Metal Exchange, ... More

BAL gains on revamp buzz
Shares of Bajaj Auto witnessed buying interest from investors on market buzz that the company was going ahead with its restructuring plan by hiving off its investment arm, dealers said. The move is expected to unlock value, resulting in ... More

New market cap rankings
ONGC, Reliance and Indian Oil seemed to have lost out in the market cap sweepstakes, while BHEL, L&T, Maruti and Tata Motors have gained, considering variations in ever-changing market capitalisations over the last one month. FMCG counters such . More

FOREIGN INSTITUTIONAL INVESTORS

Canara Bank hits FII limit
MUMBAI: Foreign institutional investors and non-resident Indians cannot buy shares of Canara Bank, without permission of the Reserve Bank of India. In a press release issued on Tuesday, the central bank said the foreign investment in ... More

Foreign holding in Sensex cos rising
FOREIGN holding in Sensex companies is still growing. Figures pertaining to the end of the last quarter clearly indicate that the shareholding of foreigners, at 29.2 per cent, has increased at the cost of promoters. The latter's holding has ... More

COMMENTARY

Metals, IT, healthcare stocks in red
ON Tuesday, markets opened on a weak note, except for momentary breaks into the green the broad market indices moved in the red for most of the day. The BSE Sensex, which dabbled with the 10,200-mark on Monday, failed to make any significant ... More

IPOS

Sun TV files for IPO
Sun hopes to raise Rs 700-800 crore through the issue. More

Avendus study sees slew of IPOs in mid-cap IT sector
AN action packed scenario awaits the mid-cap IT sector in the near future as a clutch of private IT companies, including Mahindra British Telecom, Mindtree Consulting, L&T Infotech, Infinite and Persistent, are likely to tap in initial public ... More

Plethico Pharma files IPO draft prospectus
THE Indore-based Plethico Pharmaceuticals Ltd on Tuesday filed its draft prospectus for its maiden public issue with SEBI. The IPO is to raise Rs 110 crore, the company said in a release here. Plethico will list the equity shares through a 100 ... More

PUBLIC OFFER

Union Bank employees to go on strike today
AT the call of All India Union Bank Employees Association (AIUBEA) and All India Union Bank Employees Federation (AIUBEF), the Union Bank employees would observe full day stay-out strike on Wednesday with a view to register their opposition to ... More

Stock Quotes
SE Diary

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

Pick a Winner Stock Market Contest

Air Sahara strike withdrawn; Normal flights from today

Reliance Private Equity picks up 44 pc stake in DTDC for Rs 70 cr

Unit-linked policies are growth drivers — Insurers find it capital-efficient

Weather concerns worry shrimp exporters — Arrivals likely to be delayed by a month

The on-again, off-again nuclear deal

HLL back in the driver's seat

In Focus

Infrastructure woes stare IT sector

IPO Scams