The Hindu Business Line : Friday, May 12, 2006

Principal Mutual plans FMP scheme
Principal MF has worked out a close-ended scheme offering fixed maturity plans. The proposed Principal PNB Long Term Equity Fund will have two investment plans with three and five year maturity periods. This will be converted into an ... More

STOCKS

Strategic sells holding in Astra Microwave
Astra Microwave Products Ltd has informed the stock exchanges that one of its shareholders — Strategic Ventures Fund (Mauritius) Ltd — has sold 5 lakh shares at market price on Thursday. Following this, the shareholding of Strategic ... More

5 additions in MSCI India index
Indiabulls inclusion surprises analysts More

Ion Exchange betting on numbers
Ion Exchange continued its strong upward move and closed 7.52 per cent up at Rs 123 on Street expectation of an "exceptional" March 2006 quarterly results. The traded quantity of 2.63 lakh shares on the BSE marked a jump from its average, ... More

Divestment talk helps STC
Bets are on a part-disinvestment in STC in the near future and vastly improved profits, particularly in Q4, in '05-06. Punters turned the generally sleepy stock active (BSE volume 1.16 lakh & closed 3.21 per cent up at Rs ... More

JK Investo shines on land deal
The market buzz on Thursday was that JK Investo Trade signed a land development deal with Shapoorji Pallonji for a big plot of land at Thane. The counter finished with a gain of 5 per cent on a falling market at Rs 133, with a traded quantity of ... More

Clarification
With reference to a report captioned "Ceat rises on realty talk" published under the `Ear to the Ground" column on May 4, the company clarified that it hardly has 50 acres of land and not 57-58 acres as reported. Also the company clarified that ... More

TECHNICAL ANALYSIS

Bear domination
Bears dominated the Thursday's trading activity. The sentiment reading of the tradable counters changed to bearish. Bull pressure on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish ... More

STOCK MARKETS

Market plunges on Left's ascent
Buddhadeb on top in Bengal; LDF to rule Kerala; DMK-combine wins in TN More

FOREIGN INSTITUTIONAL INVESTORS

RBI directive on FIIs stake in ACC
Foreign Institutional Investors (FIIs) cannot buy into ACC without permission from the RBI, as the FIIs' stake has reached the limit of 22 per cent of the company's paid up capital. "No further purchases of equity shares of ACC should be made on ... More

COMMENTARY

Oil, gas stocks take a beating as Sensex tumbles
More

IPOS

Deccan Aviation IPO on May 18, price band Rs 150-175
Proceeds from the issue to part-finance expansion plans More

Reliance Petro debuts on BSE at 70 pc premium
Shares of Reliance Petroleum Ltd (RPL) made their debut at a 70 per cent premium on Thursday. The share opened at Rs 101.95 against its issue price of Rs 60 on the BSE in the morning but went down to Rs 81.10 before closing at Rs 85.45. ... More

Transwarranty plans Rs 30-cr initial public offering
Investment banking and corporate finance outfit Transwarranty Capital Pvt Ltd is planning to come out with an initial public offering for raising about Rs 30 crore to fund its expansion plans that include setting up six regional offices in the ... More

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