MARKETS
MUTUAL FUNDS
Benchmark launches FoF
BENCHMARK Mutual Fund has launched its fund of funds scheme based on index investing. This is the first product in its category in India, according to Mr Rajan Mehta, Executive Director, Benchmark Mutual Fund. The fund would invest in existing ...
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STOCKS
Alok Industries plans FCCB issue
MUMBAI: Alok Industries Ltd has informed the BSE that the company proposes to make an international offering of unsecured foreign currency convertible bonds (FCCBs) convertible into equity shares. The offering is based on the approval ...
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TECHNICAL ANALYSIS
Bear onslaught
THE sentiment reading of the tradable counters stands absolutely bearish with no uptrend counters. Irrespective of bull or bear domination on Monday, the prevailing bearish sentiment is likely to continue with a slight change in its ...
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STOCK EXCHANGES
LSE targets 10 mid-cap Indian cos for listing
THE London Stock Exchange is advising close to 10 mid-cap Indian companies for possible listing on AIM — the bourse's platform for growing companies. The listing proposition is tailored for venture capitalists who are seeking exit option ...
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STOCK MARKETS
Market mood hit by CMP blues — Sensex plunges 223 points
THE much-awaited common minimum programme (CMP) of the Congress-led United Progressive Alliance was given a thumb-down by the stock market as it failed to give any clear direction that the new Government would follow vis-à-vis the economy in ...
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Aluminium counters weather selling spree
THE aluminium counters today withstood the selling onslaught in the stock market. According to analysts, the steady LME prices for aluminium since March have provided strong clue to the earnings for the domestic outfits. Dealers said that ...
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Vishal Exports lists at discount to offer price
VISHAL Exports Overseas shares were listed on Friday on the NSE at a 20-per cent discount to the offer price of Rs 45. On the first day, the stock opened at Rs 55, also the day's high, touched a low of Rs 33.80 and closed at Rs 35.75, a ...
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Punjab Tractors steady
EXPECTATIONS that the buoyancy in tractor sales will continue have ensured that investors stay invested in the stock of Punjab Tractors Ltd which ended the day flat in a weak market today. The forecast of normal monsoon by the Council of ...
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`Zooms' on fund interest
IN an otherwise volatile market, media and entertainment stocks Zee Telefilms and Sri Adhikari Brothers Television, stood firm ending the day in positive territory. While fund interest propped up the counter of Zee Telefilms, there is talk of ...
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DERIVATIVES MARKETS
Reliance: Outlook negative, sell June futures
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: Reliance Industries: The stock closed at Rs 434 in the spot market. The recent uptrend of Rs 86 appears to be a retracement to ...
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COMMENTARY
Sensex tumbles on broad-based selling
THE markets were swamped by across-the-board selling on Friday, as the contents of the Common Minimum Programme announced by the new ruling alliance and data on FII pullouts from Indian equities over the past week combined to heighten uncertainty ...
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IPOS
Trinethra makes expansion plans in AP
TRINETHRA Super Retail Ltd, the Hyderabad-based supermarket chain comprising 72 outlets across Andhra Pradesh, plans to go for an IPO by 2006 after reaching out to all the district headquarters and opening three hyper marts in three major ...
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INVESTOR PROTECTION
SEBI restricts execution of share splits before IPO
THE Securities and Exchange Board of India (SEBI) has restricted companies to execute share splits just before an initial public offering (IPO). This has been incorporated in the amendments made to the Disclosure and Investor Protection ...
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