The Hindu Business Line : Tuesday, May 16, 2006

Tata MF launches Equity Management Fund
Tata Mutual Fund today launched a new close-ended equity scheme, Tata Equity Management Fund, which will automatically convert into an open-ended scheme after 18 months, without further reference from the mutual fund or trustee. The fund is ... More

STOCKS

Dabur Pharma, a value pick
The Dabur Pharma counter ruled firm during early trade but ended relatively flat, absorbing some of the day's bearish market sentiment. Brokers said steady institutional interest had been propping up the stock. Given its low float, any ... More

Kernex Micro up on order buzz
Another stock that bucked market trend was that of Kernex Microsystems India Ltd. The market believes the company may have bagged a Rs 200-crore `signalling' order from the Railways. Rumours of robust order book saw the counter rule firm ... More

Copper fall drives Finolex Cables
A marginal drop in domestic copper prices was all it took for the Finolex Cables stock to hit a new 52-week high of Rs 422.60 intra-day on the BSE. Brokers said copper and zinc had led the plunge in metal prices in London, with copper for ... More

Schroders to pick up stake in WS Industries
Schroders Credit Renaissance Fund and "its affiliates and associates" will pick up 31.50 lakh shares in W S Industries at a price of Rs 67.50 a share, W S Industries told the BSE on Monday. The consideration works out to Rs 22 crore. A general ... More

TECHNICAL ANALYSIS

Bear domination
Bears dominated Monday's trading activity. The sentiment reading of the tradable counters remains extremely bearish. Bull pressure on Tuesday is likely to neutralise the sentiment reading. On the contrary, the prevailing bearish sentiment is ... More

FOREIGN INSTITUTIONAL INVESTORS

Metals melt the markets
Sensex tanks 462; heavy selling by foreign funds as domino effect takes its toll More

COMMENTARY

Bears continue to haunt markets
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IPOS

Suryachakra Power planning IPO
Suryachakra Power Corporation, a Hyderabad-based independent power producer, is planning to enter the capital market to fund its expansion plans and foray into new areas. Established in 1995 by Dr S.M. Maneppali, the company manages a 20 MW ... More

PUBLIC OFFER

Zenith Birla files draft prospectus
Steel pipe-manufacturer Zenith Birla (India) Ltd has filed its draft prospectus with SEBI for a secondary public offering of Rs 131 crore. The capital raised will be used to set up facilities for manufacture of mechanical tubes and expand working ... More

OUTLOOK

Overseas fund flow may be negative in short-term: Analysts
`Speculative interest had taken upper hand over the fundamentals' More

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