The Hindu Business Line : Friday, October 07, 2005

Fidelity moots second fund
Fidelity Mutual Fund has mooted its second fund, an equity linked savings scheme (ELSS). The proposed Fidelity Tax Advantage Fund will seek to generate long-term capital appreciation by investing in a diversified portfolio of primarily equity ... More

Morgan Stanley Growth Fund pedals ahead
MORGAN Stanley Growth Fund, investment circles point out, is moving ahead on two critical areas - NAV and size. As for the latter, the fund has inched up from Rs 1,914 crore (end-August) to Rs 2,082 crore. The NAV as on October 5 was Rs ... More

Equity funds' asset base swells
ASSETS managed by equity funds are swelling, thanks to investors who are pumping in money with scant regard for the wild fluctuations being recorded by the indices . Sizes of some of the largest schemes have increased in September, distinctly ... More

STOCKS

Impal to list on NSE from today
THE equity shares of India Motor Parts & Accessories Ltd (Impal) will be listed on the National Stock Exchange and admitted to dealings on the exchange with effect from October 7. "The trading will be in the normal market segment - ... More

ITL to sell over 40% stake to three players
INTERNATIONAL Tractors Ltd (ITL), manufacturer of the Sonalika brand of tractors, is planning to offload upwards of 40 per cent stake to three players as it seeks to expand its operations both domestically and overseas. ITL is estimated to have ... More

TECHNICAL ANALYSIS

Bear domination
THURSDAY'S market action resulted in changing the sentiment reading into bearish. Bull move on Friday has the potential to change the sentiment reading into neutral. On the other hand, the prevailing bearish sentiment is likely to be further ... More

STOCK MARKETS

Sensex drops 195; oil cos buck the trend
STOCK prices fell sharply on Thursday in line with the weak trend in global markets. However, shares of oil marketing companies remained firm with oil prices touching a two-month low. The global market was impacted mainly by the signs of ... More

Shines on crude price fall
ON a dull day when there was selling across the board, oil marketing companies bucked the trend. The gains in the stock prices of these companies were due to a fall in international crude prices, which fell to $62.23 per barrel, a two-month ... More

COMMENTARY

Sensex sulks on global gloom
THE stocks markets witnessed another round of corrective phase on Thursday as heavy selling by investors resulted in the indices recording losses for the second consecutive session. The Sensex, which has gained over 1,000 points in the last ... More

VENTURE CAPITAL

Solitaire Cap to raise Rs 300 cr under first scheme
REAL estate venture capital fund Solitaire Capital India said on Thursday that it would invest in 8-10 projects across the country in the next six to 12 months under its first `scheme' with a corpus of Rs 300 crore. The projects will span ... More

CARTOON