The Hindu Business Line : Thursday, July 27, 2006

OUTSOURCING
SEC-certified TWI analysts to track US stocks from Mumbai
The `Great Indian Outsourcing Story' is now replicating its successful model in yet another uncharted area — equity analysis on Wall Street stocks. The US-based investment bank Thomas Weisel International (TWI), a wholly-owned subsidiary ... More

STOCKS
Matrix Labs up on stake sale talk
Rumours of a stake sale/takeover resurfaced at the counter of Matrix Laboratories driving prices up by more than 4 per cent on the BSE. The company, which had sometime back considered taking over Stride Arcolab, is back on the market radar on ... More

McDowell: On brand acquisition hope
Another stock that moved up on acquisition rumours today was McDowell and Company. Market talk indicating that the company is close to buying four brands from White and Mackay saw the company's share price surge almost 5 per cent to end at Rs ... More

TECHNICAL ANALYSIS
Bulls prevail
Bulls prevailed over Wednesday's trading activity. The sentiment reading of the tradable counters remains bullish. Bear move on Thursday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish ... More

STOCK MARKETS
Sensex up 202 points on good Q1 results
Markets continued their upward trend for the third consecutive day on good corporate results by ONGC and Bharti Airtel. The BSE-30 Sensex gained 1.94 per cent to end at 10,617.27, up by 201.66 points. All indices ended in green with BSE FMCG ... More

`Certain element of froth on equity valuations'
Standard Chartered Private Equity (SCPE), the global private equity arm of Standard Chartered Bank, feels there is still an element of froth on equity valuations despite the recent meltdown and that expectations in the market on valuations are ... More

FOREIGN INSTITUTIONAL INVESTORS
Japanese stay invested despite BoJ rate hike
The interest rate hike by Bank of Japan has not led Japanese institutional investors to redeem by huge amounts, said Mr Kenjiro Noda, Deputy President, Daiwa Securities SMBC, a global investment bank. He was announcing the setting up of the ... More

Foreign holdings in ICICI Bank
FIIs, NRIs and PIOs can invest in the equity shares of ICICI Bank up to 74 per cent through stock exchanges in India under the Portfolio Investment Scheme without prior clearance of the RBI. The RBI also informed that foreign ... More

INTERVIEW
More rate hikes in future, says UBS
The Global Head of Emerging Markets Strategy at UBS, Mr Bhanu Baweja, says that there will be more rate hikes in the future and the reverse repo rates are likely to rise to 6.5 per cent by the end of the financial year 2007. He adds that ... More

COMMENTARY
Market sustains buoyancy for third consecutive day
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IPOS
Tech Mahindra IPO price band fixed at Rs 315-365
Tech Mahindra's IPO shares will be priced between Rs 315 and Rs 365 a share. The offer will open on August 1 and close on August 4. The company plans to raise up to Rs 465 crore through the issue, which offers 12.75 crore shares for sale. The ... More

GTF plans Rs 300-cr IPO
Global Trade Finance Ltd plans an initial public offering of around Rs 300 crore by later this year or early next year. The non-banking financial company is a joint venture between Exim Bank, FIM Bank (Malta), IFC (Washington) and Bank of ... More

Consumer group seeks postponement of GMR issue
The Ahmedabad-based Consumer Education and Research Centre (CERC) has petitioned market regulator SEBI to postpone the initial public offering of GMR Infrastructure on the grounds that a case was pending before the Supreme Court on the ... More

PERFORMANCE
NAVs turn negative for sector funds
Technology funds - the least affected More