The Hindu Business Line : Wednesday, February 23, 2005

Panyam Cements open offer
SOBHAGYA Capital Options Ltd on behalf of Mr S. Sreedhar Reddy, Mr S.P.Y. Reddy and other persons acting in concert (PAC) is making an open offer to the shareholders of Panyam Cements & Mineral Industries Ltd to acquire 2,78,550 fully paid-up ... More

McGraw Hill's open offer to Crisil shareholders in April
THE McGraw Hill Companies' open offer to Credit Rating Information Services of India Ltd's (Crisil) shareholders will commence on April 6, according to a public announcement to the shareholders filed with the Securities and Exchange Board of ... More

MUTUAL FUNDS

SBI MF launches Midcap fund
The initial public offering of Magnum MidCap fund is open from February 21 to March 17. This open-ended scheme's investment objective is to provide investors with opportunities for long-term growth in capital as well as provide liquidity and ... More

TECHNICAL ANALYSIS

Bulls prevail
BULLS were in command of Tuesday's trading activity. The day's market action resulted in reducing the bear count by a considerable margin. The market sentiment reading of the tradable counters stands mildly bearish. Bull move on Wednesday is ... More

STOCK MARKETS

Bank stocks lead bull charge
STOCK prices led by bank shares rebounded during the latter part of the session, following announcements from the Union Government offering greater autonomy to public sector banks. The mood of the market, which was lacklustre in the first four ... More

Revamp, profit hopes drive up VIP Ind
THE VIP Industries stock today witnessed increased activity and gains of 4 per cent on the major bourses. According to market sources, the anticipated business restructuring, expansion and better profit expectations have kept the stock ... More

Betting on Budget sops
THE Tourism Finance Corporation of India (TFCI) stock was locked in the 10-per cent upper circuit on Tuesday. Dealers said the active buying in the counter came on market talk that the Union Budget may announce some positive announcement for ... More

DERIVATIVES MARKETS

Outlook may turn positive for HCL Tech, negative for BEL
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: HCL Tech: The stock closed at Rs 336 in the spot market. The outlook may turn positive if the stock trades above Rs 341. In the ... More

COMMENTARY

Bank stocks, L&T lead recovery
ON Tuesday, the stock markets shook off their pre-Budget jitters to post strong gains. After starting the day on uncertain territory, the BSE Sensitive Index closed the day with a 54-point gain at 6589.4 points. The S&P CNX Nifty too followed ... More

INVESTOR PROTECTION

Auditors of vanishing cos come under MCA lens
STATUTORY auditors of companies that had raised public funds and vanished have come under the lens of the Ministry of Company Affairs (MCA) for possible collusion with promoters. "We have asked our regional offices to enquire into the role of ... More

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