Financial Daily from THE HINDU group of publications
Wednesday, January 11, 2006
Markets (January 10)
BSE Sensex9445.30(-138.15)
S&P CNX Nifty2870.80 (-39.30)
US Dollar (Buy/Sell)44.25/44.38


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MARKETS

NEW FUND OFFER


FT India launches `fixed tenure' close-ended fund
FRANKLIN Templeton Investments (India) on Tuesday announced the launch of new close-ended fund `Franklin Templeton Fixed Tenure Fund'. "It is a close-ended fund that seeks to provide investors steady returns along with capital appreciation ... More

UTI targets Rs 1,000 cr thru Leadership Equity Fund
UTI Mutual Fund is looking at raising at least Rs 1,000 crore through the `Leadership Equity Fund,' a new scheme that seeks to invest in equity and equity-related instruments of industry leaders, its Chief Marketing Officer, Mr K. Madhava ... More

MUTUAL FUNDS


India-specific funds cash in on growing investor confidence
INDIA-specific funds are growing bigger, thanks to overseas investors' continued belief in the India story. Funds of all shapes, ranging from such large ones managed by HSBC and Fidelity to the not-so-large ones offered by Deutsche, have ... More

Birla MF in pact with Bank of Rajasthan
BIRLA Mutual Fund signed a memorandum of understanding (MoU) with Bank of Rajasthan (BoR) here on Tuesday to market the Birla Mutual Fund's products through the bank's 425 branches. "We are positive that the tie-up will give us an opportunity ... More

STOCKS


HCC plans to raise $150 m in overseas market
THE board of directors of Hindustan Construction Company Ltd (HCC) has approved plans to raise funds through FCCBs, SPNs and equity shares through the depository receipt mechanism by way of GDRs/ADRs and other financial instruments (OFIs) ... More

TECHNICAL ANALYSIS


Bears strengthened
BEARS dominated Tuesday's trading activity. The sentiment reading of the tradable counters remained bearish. Bull domination on Thursday is likely to change the sentiment reading in their favour. On the contrary, the bearish sentiment is ... More

STOCK MARKETS


Sensex down 138 points
LOWER earnings expectations of Reliance Industries Ltd (RIL) and cautious approach by investors ahead of Infosys Technologies' third quarter results on Wednesday dragged the benchmark index BSE-30 by 138.15 points (1.14 per cent) on Tuesday. ... More

Kale Consultants flies high on performance hopes
KALE Consultants, which is moving between Rs 97 and Rs 99 before announcement of the third quarter results, has appreciated by around 4 per cent in the last one week. According to market sources, the expectation was that the company may repeat ... More

INVESTOR GRIEVANCES


`Retail investors concerned over volatility, manipulation'
STOCK price volatility, manipulation and corporate mismanagement are the biggest worries for retail investors, says a study. According to a study on "India Household Investors Survey" by Society for Capital Market Research and Development for ... More

COMMENTARY


Profit booking ahead of results drags indices down
IT was a day marked by heightened bearish activity with the markets ending with a significant slide. Profit booking by investors ahead of results announcements by index heavyweights dragged the indices into the red. The benchmark Sensex shed ... More

IPOS


Raj Rayon public issue opens tomorrow
YARN manufacturer Raj Rayon Ltd is entering the capital market with a public issue of 85 lakh equity shares of Rs 10 each, through 100 per cent book building process. The price band is fixed at Rs 55-65 per equity share of Rs 10 each. The company ... More

Jagran Prakashan price band at Rs 270-324
MUMBAI: Jagran Prakashan Ltd has fixed the price band for its initial public offering at Rs 270-324 per share. The company is entering the capital market with a public issue of 1.15 crore shares of Rs 10 each and a green shoe option of ... More

PUBLIC OFFER


BoB to take up review of subsidiaries soon
AFTER it completes the public issue that is currently on, Bank of Baroda will take up an exercise to review the performance of its subsidiaries with a view to finding out what to do with them. Bank of Baroda has four subsidiaries - Bobcards, ... More
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In Depth

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Looking back
Jan. 1-Jan. 7
Can fund houses sustain the current trend?

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Lufthansa

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