The Hindu Business Line : Friday, June 02, 2006

NEW FUND OFFER
Principal PNB launches fixed duration fund
Principal PNB Asset Management Company in association with Vijaya Bank has announced the launch of `Principal Pnb Fixed Duration Fund 3 Year Plan-Series I,' a close-ended debt fund. It is on offer from May 22 to June 15. The fund has been ... More

MUTUAL FUNDS
Osian's launches art fund worth Rs 100 cr
Osian's-Connoisseurs of Art Private Ltd, a leading archive and auction house, today announced the launch of a private fund called Osian's Art Fund, worth over Rs 100 crore. The project will create a base in the mutual fund industry for Indian ... More

MFs to face large-scale redemptions?
Concerns that investors may soon choose less-risky alternatives More

MF investors grappling with wealth erosion
Trend attributed to decline in broad market condition More

Franklin intl fund moves to Re standard
With effect from today, Franklin India International Fund will seek to standardise the valuation of securities. On valuation day, all assets and liabilities in foreign currency will be valued in rupees, the company said. The rate quoted by ... More

STOCKS
Bear hug squeezes Sensex of 327 pts
Metal, auto indices post big declines; market lacks depth More

iShares MSCI India to get listed on SGX on June 15
Barclays Global Investors (BGI) and Singapore Exchange Ltd (SGX) on Thursday announced that `iShares MSCI India' would be listed on SGX on June 15, making it the first Exchange Traded Fund (ETF) outside India to offer investors an ideal route for ... More

EID Parry transfers shares to Roca
EID Parry (India) Ltd on Thursday, transferred 4.32 lakh equity shares of Rs 10 each in its 100 per cent subsidiary, Parryware Glamourooms Pvt Ltd (PGPL), to Roca Sanitario S.A. for a consideration of about Rs 118 crore, after ... More

Unitech closes up 5 pc
Unitech stock closed up five per cent today (at Rs 14,094 on the BSE) on reported clarity on its Noida bid and 1:12 bonus issue proposal. According to market sources, the FIIs were buyers in the counter today. The New Okhla Industrial ... More

Dewan Housing: Strong hold
Dewan Housing and Finance Corporation amid crumbling values built a spiral on surge in demand. The stock finished up 3.66 per cent on the BSE with a traded quantity of 72.41 lakh shares (two week average 24.32 lakh shares). On the NSE, 1.14 crore ... More

PAE Ltd: Appreciating on realty hopes
PAE Ltd resisted the market trend as possibility of real estate sale kept the stock price on a firm ground. The stock closed with a marginal loss at Rs 17.10 after touching a high at Rs 18.25. Punters are expecting that apart from its land in ... More

TECHNICAL ANALYSIS
Bear domination
Bears prevailed over Thursday's trading activity. However, sentiment reading of the tradable counters turned neutral. Further bear domination on Friday is likely to change the sentiment reading in their favour. On the contrary, it is likely to ... More

STOCK EXCHANGES
CSE records maintenance report
The Securities and Exchange Board of India has directed the Calcutta Stock Exchange (CSE) to submit a report on the measures taken by it with regard to maintenance of records relating to listing requirements. The regulator had ... More

FOREIGN INSTITUTIONAL INVESTORS
Economic growth to decelerate to 6.6% this fiscal: JM Morgan
Rising global interest rates, low infrastructure spending cited as reasons More

COMMENTARY
Heavy selling pressure drags Sensex down
More

IPOS
DLF to firm up price band by mid-June
Team of analysts to meet investors to get feedback More

Stock Quotes
SE Diary