The Hindu Business Line : Thursday, February 17, 2005

Franklin flexi cap fund mops up Rs 1,950 cr
FRANKLIN Templeton Investments (India) has collected over Rs 1,950 crore during the initial public offer of its new equity fund - Franklin India Flexi Cap Fund, according to a company press release. The IPO of the fund closed on February 9. ... More

`Govt did not gain from UTI bailout'
THE Government said on Wednesday that it had not gained financially in the UTI bailout package at the cost of investors. Responding to reports in a section of the media, the Finance Ministry said that the news item gives a misleading impression ... More

STOCKS

Balaji Tele shares end lower on stake sale by Star TV arm
SHARES of Balaji Telefilms moved down on the Bombay Stock Exchange (BSE) to end at Rs 95.80 against the previous close of Rs 97.25 on news that Star TV affiliate Asian Broadcasting FZ LLC had sold 40.74 lakh shares or 6.25 per cent. Asian ... More

TECHNICAL ANALYSIS

Marginal loss
BEARS exerted further pressure over Wednesday's trading activity. Neither the bulls nor the bears could gain much from the day's trading. The market sentiment reading of the tradable counters continues to remain neutral. Bear pressure on Thursday ... More

STOCK MARKETS

Shaw Wallace in high spirits
SHARES of Shaw Wallace have been climbing steadily for the last several sessions. Markets are abuzz with speculation that the UB group would be taking over the liquor business of the company. Though the speculation has been on for a while, it ... More

GKW up on revival plan hopes
THE GKW stock on Wednesday made a smart move upwards with substantial volumes on renewed hopes of BIFR hearing on its draft revival package soon. The stock shot up by over 10 per cent with a traded quantity of 12.83 lakh shares on the National ... More

Hindalco hits FII buy limit
HINDALCO Industries Ltd has reached the trigger limit of 22 per cent for foreign institutional investor (FII) holding, the Reserve Bank of India said in a notification on Wednesday. The RBI also said that no further purchases of equity shares ... More

DERIVATIVES MARKETS

Outlook may turn positive for HDFC Bank, M&M
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE. HDFC Bank: The stock closed at Rs 562 in the spot market. The outlook may turn positive if the stock trades above Rs 573. In ... More

COMMENTARY

Consumer durables, capital goods gain
A STRONG bout of selling towards the fag end of the trading session on Wednesday left the Sensex in the negative territory, down 62.28 points (or 0.93 per cent) to close at 6607.78 points. After remaining fairly steady in the early part of the ... More

PUBLIC OFFER

Govt plans to trim holding in all public sector banks to 51% — Spate of equity offerings on cards
THE trickle of fresh equity offerings by public sector banks (PSBs) during the current fiscal could turn into a deluge in the coming financial year. In a move that could well spark off a cloudburst of bank offerings, the Government is ... More

Allahabad Bank files draft with SEBI
ALLAHABAD Bank filed on Wednesday a draft red herring prospectus with the Securities and Exchange Board of India as part of its exercise to enter the capital market with an offer of public issue of equities, according to a press release issued by ... More

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