The Hindu Business Line : Thursday, February 23, 2006

Idbipaisabuilder launched in Kochi
IDBI Capital Market Services Ltd has launched its online investment portal idbipaisabuilder.in at Kochi, targeting retail investors. The advanced online trading portal is built with the objective of providing easy and informed investing ... More

STOCKS

Heavyweights drive Sensex to new high
SHARE prices rose for the third consecutive day on Wednesday with the benchmark BSE-30 Sensex piercing the 10,200-mark for the first time ever and closed at a record high of 10,224.32, up 56.21 points from Tuesday. The previous high closing was ... More

Heritage Foods firm on retailing, construction plans
EVER since the company's announcement last month on plans to foray into retailing of processed food products and infrastructure, Heritage Foods (India) Ltd has been attracting significant rise in volumes and value on the bourses. From around ... More

Reliance Energy Ventures listing tomorrow
RELIANCE Energy Ventures Ltd will start trading at stock exchanges this Friday said a statement from the Anil Dhirubhai Ambani Enterprises group. REVL is the holding company of Reliance Energy Ltd. It is one of the four companies in the ADA ... More

TECHNICAL ANALYSIS

Sideways movement
TODAY'S market witnessed sideways movement. The sentiment reading of the tradable counters remains bullish. Bear pressure on Thursday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment is ... More

STOCK MARKETS

Artson Engg: To change hands?
A sudden position build-up in Artson Engineering is understandably over the speculation that a change of control of the company is imminent. According to market talk, a large engineering firm and a private investor are taking controlling stake ... More

GE Shipping, Mercator Lines buoyant
A SECTION of investors boarded GE Shipping on expectation that the proposed demerger of offshore business would take effect this month. The stock registered a traded quantity of 30.25 lakh shares on the NSE and 10.52 lakh shares on the BSE. In ... More

FOREIGN INSTITUTIONAL INVESTORS

`More global investors entering India'
Deutsche Bank upbeat
THERE is more money waiting to come into India, as long term and strategic investors are in the process of entering the market, said Mr Claus Martini, Global Chief Investment Officer, Deutsche Bank Private Clients. The investment bank is ... More

Goldman Sachs ups stake in Strides
GOLDMAN Sachs Investments (Mauritius) I Ltd has raised its stake in Strides Arcolab Ltd by acquiring 85,200 shares or 0.24 per cent of the share capital of the Bangalore-based pharma company. The shares were bought from the market on February ... More

INTERVIEW

Manage risks with large-cap exposure: JP Morgan
AS per JP Morgan, the valuations in the Indian market are really a matter of concern. Therefore, its strategist for Asia, Mr Adrian Mowat advises people to focus better on risk management by having large liquid blue chip counters. Calling ... More

COMMENTARY

Capital goods, metals & pharma hog limelight
IT was a hat-trick of gains for markets as they ended on a strong note for the third consecutive day. Positive sentiment continued to sweep the markets, which marched ahead smartly. The Sensex finished the day at its historic high of 10,224.3, ... More

IPOS

IPO scam fall-out — CBI conducts search at Karvy, Vijaya Bank, BhOB premises
CLOSE on the heels of assurance of the Union Finance Minister, Mr P. Chidambaram, to the Lok Sabha last week on stringent action on culprits in the recent IPO scam, the Central Bureau of Investigation (CBI) has on Wednesday conducted searches at ... More

KNR Constructions to raise Rs 160 crore
KNR Constructions Ltd, the Hyderabad-based infrastructure company, plans to raise Rs 160 crore capital from institutions and is planning an IPO soon, to position itself to execute large projects. State Bank of Patiala has agreed to take 50 per ... More

NSDL, CDSL told to update bank details of account holders
THE SEBI on Tuesday asked the depository participants to update the MICR code and other bank details of the account holders in the database of depositories to ensure direct credit of IPO refunds to the bank accounts of the applicants through the ... More

Inox IPO price is Rs 120
MUMBAI: Inox Leisure Ltd has fixed its IPO price at Rs 120 a share. The company, which operates a chain of nine multiplexes, had entered the capital market with an IPO of 16.5 million shares. The issue was subscribed by 49 ... More

PUBLIC OFFER

Union Bank offer price fixed at Rs 110 — Issue subscribed 30 times
UNION Bank of India has raised Rs 495 crore through its follow-on public issue of 4.5 crore equity shares. The bank fixed the share price at Rs 110, said a press release. The issue, which closed on February 21, was subscribed 29.82 times. The ... More

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In Focus

Infrastructure woes stare IT sector