The Hindu Business Line : Saturday, June 03, 2006

Kotak Mahindra MF, UCO Bank pact
Kotak Mahindra MF has signed an MoU with the Kolkata-based UCO Bank for distribution of its products. The fund house hopes to tap the bank's network, said Mr Sandesh Kirkire, CEO. The tie-up will be across all branches of UCO ... More

TECHNICAL ANALYSIS
Bull domination
Bulls dominated over Friday's trading activity. The sentiment reading of the tradable counters remains neutral. Further bull domination on Monday is likely to change the sentiment reading in their favour. On the contrary, it is likely to turn ... More

STOCK MARKETS
Steel stocks: Advance selectively
SAIL and Tata Steel, both large-cap stocks that form part of the main indices, ended with 5 per cent-plus gains on Friday, giving rise to hopes that steel counters may well be advancing selectively. The case for metals such as steel is not ... More

Centurion BoP: Turns active
Volumes are rarely an issue with Centurion Bank of Punjab, possibly the lowest-priced private bank stock in the country on Friday. The Re 1-face valued counter, which closed at Rs 24.80 on the NSE, today saw a large number of shares, over 23 ... More

Sensex makes a strong comeback
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Ray of hope
SUNSHINE OVER BSE: A man walking past by the Bombay Stock Exchange reflected in the puddle of rain water on the street as Sensex moves up 380 points to close at 10,451 points. ... More

FOREIGN INSTITUTIONAL INVESTORS
Markets gain on buying by foreign funds
Renewed buying by foreign funds helped the stock market end three consecutive days of loss, with a gain of over 3.7 per cent at close on Friday. Dealers said Japanese funds were major buyers. The BSE-30 Sensex had an intra-day fluctuation of ... More

ASSET MANAGEMENT COMPANIES
Close-ended schemes are the in-thing for AMCs
MFs hope clients will latch on to the idea of staying invested for a pre-determined maturity period More

INTERVIEW
80% of ICICI Prudential ULIP investors switch to equity
`We invested Rs 350-400 cr in May' More

IPOS
Indian Bank likely to float IPO in 2007
Indian Bank hopes to tap the capital market with an initial public offering (IPO) during the first quarter of calendar 2007, the Chairman and Managing Director of the bank, Dr K.C.Chakrabarty, said here today. "We hope to do an IPO sometime ... More