Business Daily from THE HINDU group of publications
Friday, January 19, 2007
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Markets (Jan 18)
BSE Sensex14217.75 (+86.41)
S&P CNX Nifty4109.05(+32.60)
US Dollar (Buy/Sell)44.35 (-0.23)


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MARKETS

MUTUAL FUNDS
`Good response in South to India Post-UTI MF tie-up'
Karnataka, Tamil Nadu and Andhra Pradesh lead the list of States where the India Post-UTI MF tie-up for distribution is expected to start fetching results. The tie-up, seen to be widening the fund's reach, currently covers select post offices ... More

Equity funds sitting on cash pile
Managers turn cautious on profit taking, high stock valuation More

STOCKS
Metal stocks: On `Downgrade' worry
Metal majors Hindalco and Sterlite have been witnessing some selling pressure of late on the back of a few broking houses putting out a `sell' recommendation on metal stocks. According to market players, metals, particularly copper and ... More

ICICI Bank: Betting on Q3 nos
ICICI Bank has been gaining sharply in line with the general market trend for banking stocks. While the stock gained 8.7 per cent and 9.9 per cent over a week and month, respectively, the BSE Bankex gained 8 per cent and 5.8 per cent, ... More

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

COMMENTARY
Buoyant results propel yet another rally
Bouyed by the slew of results announcements from India Inc, which indicate a strong third quarter performance by most frontline companies, the markets witnessed another round of gains on Thursday. The benchmark indices at both the Bombay Stock ... More

IPOS
PFC public issue opens on Jan 31
The Power Finance Corporation (PFC) has fixed a price band of Rs 73 to Rs 85 for its proposed initial public offering. The company is offering 11.73 crore equity shares of Rs 10 each to the public, through a 100 per cent book building process. ... More

Transwarranty Finance IPO opens on Jan 23
Price band to be in the Rs 48-55 range More






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