The Hindu Business Line : Thursday, May 25, 2006

MUTUAL FUNDS
FIIs vs MFs on the Sensex front
Between June 30, 2005 and March 31, 2006, market capitalisation of BSE-30 stocks rose by about Rs 5 lakh crore. That is, from Rs 9,33,303 crore to Rs 14,27,271 crore. Over this period, the value of holdings by foreign institutional investors ... More

STOCKS
Bullish undertone in Jindal Drilling
`Outlook for companies in this sector is strongly linked to growth in exploration' More

Crisil: Opportunity for value-buy
The country's leading credit rating agency, more than 55 per cent of which is owned by international major Standard & Poor's, is bobbing up and down on the stock exchange, providing an opportunity for value investors to get in at every low. The . More

Allahabad Bank up on growth hopes
The Rs 10-face value Allahabad Bank stock, which has now come off its 52-week high of Rs 100, is seen to be accumulated by some sections, following what seems to be tell-tale signs of improving operations. This is said to have been reflected in a ... More

TECHNICAL ANALYSIS
Volatile movement
The market on Wednesday witnessed a tug of war between bulls and bears. The sentiment reading of the tradable counters continues to remain bearish. Bull domination on Thursday is likely to change the sentiment reading in their favour. On the ... More

STOCK MARKETS
EPFO awaits norms to invest in equity markets
CBT reaches consensus on investments; notification of revised guidelines awaited More

The art of signalling
Through all the brouhaha of the stock market crash, be it due to interest rate hikes in the US, the fall in the commodities markets, the draft CBDT circular apparently planning to tax FIIs or global downturn in equities, the India growth story ... More

Sensex sheds 250 points
Heavy volatility marks day's trading; Nifty down 83 More

Few takers
THE VOLATILITY SHOWS: It's a dull day for the vendor selling IPO applications in Kolkata on Wednesday as there are no takers. The highly bearish and volatile secondary market has left the primary capital market struggling. The IPOs and follow-on ... More

FIIs record $1.13 b sales in May
Offload more than $1.32 b worth equity after May 11 peak More

Many IPO stocks reel under double-whammy
With the stock markets suffering a double whammy — a black Monday followed by a bleak Wednesday, the year 2006 does not seem to be a great year to the investors, who had put their money in the IPOs floated since January 2006, hoping to ride ... More

FOREIGN INSTITUTIONAL INVESTORS
Set-off set to rest
Much to the relief of FIIs, a Special Bench of IT Appellate Tribunal settles the how of set-off of capital losses. More

A draft that drew ire
The Finance Minister, Mr P. Chidambaram, is known for his measured words. But his recent ticking off of the Central Board of Direct Taxes has raised many an eyebrow. In an apparent bid to calm the jittery stock market, which many enthusiasts ... More

COMMENTARY
Markets wilt in grip of bears; oil and metals worst hit
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IPOS
On under-subscription and devolvement
Losers are many in the recent falls that the stock market experienced. Among the worst hit are those companies that came with IPO (initial public offering). Because, driven by the dismal mood that has been prevailing in the bourses, takers have ... More

Prime Focus plans IPO
Prime Focus Ltd, a post-production and visual effects service house, plans to enter the capital market with an initial public issue of Rs 115 crore, through the book building process. The issue opens on May 25 and closes on May 31. The price ... More

Unity Infraprojects IPO subscribed 2.3 times
Unity Infraprojects Ltd's initial public offering, which closed on Wednesday, was subscribed by 2.3 times, said a press release from the company. Around 90 per cent of the total demand was at the top end of the price band at Rs 732 per ... More

Global Vectra files red herring prospectus
Global Vectra Helicorp Ltd, a leading provider of helicopter services, filed its draft red herring prospectus with Securities & Exchange Board of India. The company plans to enter the capital markets with an IPO of 35 lakh equity shares of Rs ... More

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