Business Daily from THE HINDU group of publications
Thursday, August 03, 2006
Markets (August 02)
BSE Sensex10876.19(+124.53)
S&P CNX Nifty3182.10(+34.30)
US Dollar (Buy/Sell)46.70(+0.13)


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MARKETS

NEW FUND OFFER
Fidelity enters fixed income business
Launches short term fund that will invest in money markets, bonds More

MUTUAL FUNDS
Dividend yield stocks may turn attractive
Concept may find fresh takers if market remains volatile More

Franklin Templeton inks distribution pact with Karnataka Bank
Franklin Templeton Investments, on Wednesday, entered into an agreement with Karnataka Bank for distribution of its investment products. Karnataka Bank will initially distribute the entire range of Franklin Templeton funds through its 100 ... More

STOCKS
Super Spinning Mills stock split on Sept 8
Super Spinning Mills Ltd, Coimbatore, has fixed September 8 as the record date for the 10:1 stock split. In a notification to the NSE, the company said that the board at its meeting held on July 31 decided to implement the decision of ... More

Ondeo Nalco up on Suez stake sale buzz
Ondeo Nalco India is set to be finally de-listed after three changes in the foreign promoters. According to market grapevine, a tacit understanding has been reached between the present overseas promoters, Nalco Company of US and Suez of France ... More

CSE de-listings
The Calcutta Stock Exchange has informed members that a number of companies including GMR Industries, IG Petrochemicals, Greenply Industries, Balmer Lawrie & Co and Prime Textiles have been delisted from the exchange. These are voluntary ... More

TECHNICAL ANALYSIS
Bull domination
Bulls dominated Wednesday's trading activity. The sentiment reading of the tradable counters changed to bullish. Bear move on Thursday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment is ... More

DERIVATIVES MARKETS
Deutsche Bank opens exchange-based futures business
Direct access to regional markets More

FOREIGN INSTITUTIONAL INVESTORS
TV 18: Foreign investment with RBI nod
Foreign shareholding in Television Eighteen Ltd has reached the caution limit of 24 per cent, the Reserve Bank of India said in a press release. Foreign institutional investors, non-resident Indians and persons of Indian origin can invest in ... More

COMMENTARY
Benchmark indices extend gaining streak
More

VENTURE CAPITAL
Indiareit floats $160-m offshore fund
Ties up with 3i for $40 m investment More

Matrix launches $150-m fund
The firm will invest between Rs 2 crore and Rs 50 crore in various companies, depending on the stage of development. More


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