The Hindu Business Line : Wednesday, May 03, 2006

Slaughter of the lambs
The stock market is up and away, soaring to newer heights almost every day. A major correction is said to be "just around the corner," but then it has been ever since it began speeding away from 8,000-levels. At 12,000 and counting, how long can ... More

MUTUAL FUNDS

UTI-Basic Ind Fund becomes Infra Fund
UTI Mutual Fund has changed the name of UTI-Basic Industries Fund to UTI-Infrastructure Fund with effect from May 2, 2006. All the other terms/features of the scheme remain unchanged, a release by UTI Mutual Fund said here. "Keeping in line ... More

DWS aims to create new delivery channels
DWS intends to build its operations in India on two basic props - newer products and better distribution. More

STOCKS

Indian stocks `not cheap': DWS
Launches Deutsche Asset Management's retail brand More

RCoVL shares
The board of directors of Reliance Communication Ventures (RCoVL) has approved reclassification of 100 crore unclassified shares of Rs 5 each into equity shares of Rs 5 each. The reclassified authorised share capital of the company now is Rs ... More

Kitex Garments: Stitch in time
A number of funds are understood to be falling head-over-heels for Kitex Garments stake at a much higher price than its CMP of Rs 13.30. According to sources, the promoters, who hold over 56%, are negotiating with some for a minority stake. Quiet ... More

Panasonic: On higher ground
Is deep value buying on in Panasonic counter? Grapevine suggests so. The stock closed on the upper circuit on the BSE on Tuesday at Rs 16.30. It has gained over 47 per cent in the last one month. A set of value pickers has reportedly zeroed in on ... More

Blow Plast: Strong merger ahead
Blow Plast spurted ahead of its proposed merger with VIP Industries (up 10 per cent at Rs 128.45 with a volume of one lakh shares on the BSE). According to dealers, a group of investors is revaluing the stock, considering the strength of VIP ... More

TECHNICAL ANALYSIS

Bull domination
Bulls dominated over Tuesday's trading activity. The sentiment reading of the tradable counters changed to bullish. Bear pressure on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish ... More

STOCK EXCHANGES

UAE Exchange online share trading
UAE Exchange, which is into money transfer, money changing and travel and tourism, today launched its online stock trading service, adding to its existing stock trading service. UAE Exchange's Chairman ... More

STOCK MARKETS

Sensex up 176 points on fund buying
Positive news on pharma majors buoy sentiment More

REGULATORY BODIES & RULINGS

HC stays SEBI order on Karvy
Company can continue normal market activities; no shifting of DP accounts More

COMMENTARY

May begins on a good note for markets
The markets opened on a strong note for the month of May with the bulls continuing to wield the upper hand. Most of the sector-oriented indices on the Bombay Stock Exchange (BSE) closed in the positive territory. A strong bullish sentiment ... More

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