The Hindu Business Line : Wednesday, May 17, 2006

SEBI proposes lower fee for brokers
SEBI on Tuesday proposed a new fee structure for stockbrokers both in cash and derivative segments. Though the new structure is based on the recommendations of the Committee headed by Mr D.C. Anjaria, SEBI has proposed a lower fee than what ... More

NEW FUND OFFER

UTI Mutual plans Wealth Builder Fund
UTI Mutual Fund has worked out a close-ended equity fund with a maturity period of five years. The fund, named UTI Wealth Builder, will be automatically converted into an open-ended scheme upon maturity. The fund, which will be benchmarked ... More

MUTUAL FUNDS

Meltdown forces fund managers to think different
Local AMCs seeing the latest trend as a buying opportunity More

STOCKS

Titan up on rising gold prices
Titan Industries rose 4.22 per cent on rising gold prices and on an expected jump in its exports. Dealers said there was always a "correlation" between Titan's share price and bullion prices, which have been bullish barring Monday's correction. ... More

Sugar stocks slip on fear of Govt intervention on pricing
The recent pull back in sugar stock prices has been attributed to an underlying uneasiness that after cement, the Government may be looking to intervene in the sugar industry. Shares of sugar companies — Balrampur Chini Mills Ltd and ... More

Raymond gains on expansion plans
The real estate angle and expected gains from expansion plans helped the Raymond Ltd counter on Tuesday. The company's shares, which were down by about 6 per cent in Monday's bloodbath, made a smart pull back on Tuesday to gain by 5.42 per cent ... More

TAXATION

CBDT's supplementary instructions
The Central Board of Direct Taxes (CBDT) plans to issue supplementary instructions to its assessing officers to provide further guidelines for determining whether a person is a trader in stocks or an investor in stocks. Towards ... More

TECHNICAL ANALYSIS

Volatile movement
Tuesday's market action witnessed a tug of war between bulls & bears. After volatile movement through out the day, bulls managed to gain control towards the end. However, the sentiment reading of the tradable counters remains bearish. Further ... More

STOCK MARKETS

Markets bounce back in style
Sensex swings 575 points during the day; closes with a gain of 51 More

Just a correction, says Chidambaram
Terming the steep fall in the local stock market indices over the past few sessions as a "correction", the Finance Minister, Mr P Chidambaram, on Tuesday said that this trend primarily reflected the effect of global factors such as declining ... More