The Hindu Business Line : Tuesday, September 20, 2005

Fortis Securities sees good potential for PMS
FORTIS Securities Ltd (FSL), promoted by Ranbaxy Labs, sees high potential for portfolio management service (PMS) and plans to increase the assets under the PMS offered by it to Rs 500 crore from Rs 80 crore within three years. The company, ... More

MUTUAL FUNDS

Future ownership: Three-stage plan for UTI MF on cards
Existing sponsors may be allowed to exit after 3 yrs
UTI Mutual Fund is likely to sport the present `public' character of ownership for at least the next three years, according to plans currently under the Government's consideration. The latter is considering a staggered three-stage plan for the ... More

Deutsche MF plans Flagship Equity Fund
DEUTSCHE MF has mooted a fund that will chiefly invest in equities. It will also be free to invest in debt securities, subject to a limit of 35 per cent. The proposed Deutsche Flagship Equity Fund, billed as a `flexi cap' scheme, will have the ... More

STOCKS

Som Distilleries at new high on debt-free move
THE loss-making Som Distilleries and Breweries is on a high over its attempts to become debt-free. The stock today touched a 52-week high at Rs 31.25 before closing at Rs 30.85 on the BSE with a gain of 3.52 per cent. The stock has moved up ... More

TECHNICAL ANALYSIS

Bulls prevail
BULLS continued their domination during Monday's trading activity. The sentiment reading of the tradable counters stands bullish. Bear domination on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the ... More

STOCK EXCHANGES

Singapore SE to re-launch Nifty futures from Oct 10
THE Singapore Stock Exchange (SGX) will re-launch trading in the CNX Nifty futures from October 10. According to a SGX note, the Nifty futures will have a smaller contract size on its platform - SGX Quest "to help facilitate active trading ... More

STOCK MARKETS

FII, MF inflows power Sensex past 8400
Fall in global crude oil prices triggers upturn
FOREIGN institutional investors (FIIs) as well as domestic mutual funds continued their purchases in Indian stocks driving the BSE Sensex to a record high on Monday. The Sensex crossed the 8,400 level today after opening firm and continuing to ... More

Frontline stocks rule firm on bull charge
THE northward journey continued on the bourses, with bulls taking charge. All-round buying and continued foreign institutional investment support helped the markets end the day in a positive territory. The Sensex gained 63.8 points to close ... More

Sterlite Industries gains on firm metal prices
STERLITE Industries, a leading player in copper, aluminum and zinc, rose on Monday. The stock closed at Rs 935.65, up 8.51 per cent with volumes of 47,488 shares on the BSE; on the NSE, it closed at Rs 935.70, up 8.47 per cent, with volumes of ... More

IPOS

Tulip IT Services files prospectus with SEBI for public issue
THE Delhi-based Tulip IT Services Ltd has filed draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for a public issue of 90 lakh equity shares. "Of the total equity float, 81 lakh equity shares are for the ... More

CARTOON