MARKETS
MUTUAL FUNDS
Sundaram Mutual plans more equity funds
SUNDARAM Mutual plans to launch new equity-oriented funds this year even as it reorients its organisation towards retail customers. As he launched Sundaram's new equity scheme, India Leadership Fund, this week the asset management company's ...
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MIP returns shrinking fast
EXPOSURE to monthly income plans is quickly turning into a nightmare for investors who had not so long ago flocked to MIPs after being disillusioned with the kind of returns being generated by pure debt funds. These schemes, which try to use ...
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TAXATION
Capital gains tax for FIIs may be reviewed
THE Finance Minister may review capital gains tax laws concerning foreign institutional investors in the forthcoming Union Budget. According to an institutional source, the Finance Minister, Mr P. Chidambaram, had a lengthy discussion with the ...
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TECHNICAL ANALYSIS
Bear domination
THE sentiment reading of the tradable counters stands bearish. Bull domination on Friday is likely to neutralise the sentiment reading. Otherwise, the prevailing bearish sentiment is likely to be further strengthened. Nifty Futures ...
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STOCK MARKETS
Sensex crashes 105 points — Early gains not held; Chidambaram rounds off visit
THOUGH capital market players said they felt "positive" after their meeting with the Finance Minister on Wednesday, bourses took a tumble on Thursday right after Mr P. Chidambaram made a brief statement summing up his two-day visit to Mumbai. ...
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Push from order hopes
Rumours of the company looking to bag a huge order from MSEB moved the stock of Asian Electronic Ltd into positive territory on the bourses on Thursday. The stock ended higher by 6.6 per cent at Rs 57.35 with around 5.46 lakh shares traded on ...
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Stake sale talk boosts Blue Dart
MARKET buzz of a stake sale has seen the stock price of courier company Blue Dart Express appreciate by 23 per cent from around Rs 151.95 (BSE) levels a week ago to its current levels of Rs 187 on the bourses on Thursday. According to the ...
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DERIVATIVES MARKETS
GAIL: Outlook negative, sell June futures
THE following strategies are based on Thursday's trading in the spot and the derivatives segments on the NSE: Gas Authority: The stock closed at Rs 167 in the spot market. The current uptrend completes a 50 per cent retracement to the ...
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Heavy selling in index futures
ON a day when the stock market was highly volatile, Nifty index futures valued around Rs 300 crore were sold within 15 minutes resulting in sharp fall in the index, brokers said. They said that between 2 p.m. and 2.15 p.m. there was heavy ...
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FOREIGN INSTITUTIONAL INVESTORS
Institutional investors `encouraged'
Mr Chidambaram has assured the institutional investors that fiscal deficit will be contained by 2007.
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REGULATORY BODIES & RULINGS
SEBI warns JM Morgan
THE Securities and Exchange Board of India has issued a warning to J M Morgan Stanley Retail Services (JMM). This is following a SEBI enquiry on many irregularities that were unearthed during an inspection. There has been a lapse on the part of ...
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COMMENTARY
Sensex retreats to bearish mode
IT took only a day for the market to change tack and turn bearish. On Wednesday, the stock markets had cheered the Finance Minister's two-day much-hyped trip to Mumbai to reiterate the reformist credentials of the Government. The BSE Sensex ...
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