The Hindu Business Line : Tuesday, May 23, 2006

EDS offer now more meaningful for MphasiS shareholders
The crash has resulted in EDS' offer price of Rs 204.5 becoming more attractive for the existing shareholders of MphasiS than the current market price of Rs 187. More

FINANCIAL SERVICES

Indian Bank launches DP services
Indian Bank has launched its Depository Participant services. There are two main implications of this new service. First, it will be another service offered to the bank's 1.15-crore retail customers and also fetch the bank commission income. ... More

INSIGHT

When the market almost fell off the margin
With the market going into another tailspin, margin calls are under the scanner again. Some blame the broker-client nexus, while others point a finger at the banking system or the taxman. Whatever the real reason, strengthening the existing stock-len ding mechanisms is the key to the health of the bourses, says D. MURALI. More

MUTUAL FUNDS

Mutual funds ignore equity for debt at peak levels
Guess where the mutual funds were parking the funds they mobilised in recent times through equity schemes? While the mutual funds were buying into equity markets in a small way, the domestic fund houses have been major buyers of debt over the ... More

TECHNICAL ANALYSIS

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

STOCK MARKETS

1,111-point Sensex shocker
Trading suspended for one hour; margin pressure triggers freefall More

Chidambaram comes under Opposition fire
Ordinary investors need not worry: Finance Minister More

Stock slide unlikely to dent PSBs
Exposure to stocks limited, say bankers More

LIC comes to the rescue?
Institutions likeLIC appear to have come to the rescue of the stock markets when it suffered its steepest fall on Monday. According to LIC officials, the PSU insurer bought stocks in excess of Rs 100 crore on Monday and around Rs 180 crore on ... More

`Systemic' woes hit pay-ins at NSE, BSE
Brokers, financiers opt for heavy distress selling to limit losses More

No payment or liquidity problem, says Finance Ministry
`Margin call pressures on brokers may have accentuated crash' More

`Defensive plays' suffer
Stocks that relatively outperformed More

When NRIs waited to buy...
`There was not much panic this time around' More

Consumer durable index worst hit
Banking, pharma sectors contain losses More

A clear disconnect between official pronouncement and market reaction
It is not a development that requires change to company strategy, but the volatility and decline in the Indian stock market could end up more than just a CFO's challenge. Of prime concern is the pattern of disconnect between official ... More

RBI pitches in to iron out payment glitches
Settlement banks assured of liquidity support More

Index funds decline in sync with market
The free fall in the market, reflected in a marked decline in the indices, is spelling trouble for investors in index funds. For those who had entered these funds when the Nifty and the Sensex were at higher levels - higher, considering the ... More

A sense of déjà vu
Investors who experienced the bloodbath in the markets on May 17, 2004, must have had an overwhelming sense of déjà vu, as they watched much of the gains that they had made in recent months wash away in the first few hours of trading on ... More

Crash will hit retail interest in equities, say brokers
Broking houses could be looking at significant erosion in earnings, courtesy the steep market declines of the last few days. Those with an institutional client base may not take a direct hit, but they will not remain impervious to the current ... More

`No reason to panic'
"There is no reason to panic from the fall — if anything the deep correction provides a buying opportunity for long term investors. We have already seen some buying interest come back into the market and as margin calls work their way ... More

Voices on market crash

INTERVIEW

Stock markets will remain under pressure: Marc Faber
It is fallacy to say markets are cheap More

COMMENTARY

Metals, capital goods and auto sectors worst hit
More

IPOS

Indian Bank IPO not until capital reduction
Indian Bank will not come out with its initial public offering unless it is able to bring its Rs 743-crore capital further down, either by way of converting a part of the equity capital into preference, or by returning part of the capital to the ... More

Market mayhem takes a toll on IPOs
Air Deccan public issue likely to take hardest knock More

CARTOON