The Hindu Business Line : Wednesday, January 04, 2006

StanChart Mutual Fund plans Enterprise Equity scheme
STANDARD Chartered Mutual Fund has lined up a close-ended scheme with a duration of 18 months. The proposed Standard Chartered Enterprise Equity Fund, which will enable investors to avail themselves of long-term capital gains and indexation ... More

UTI Mutual launches leadership equity fund
UTI Mutual Fund on Tuesday announced the launch of a new equity-oriented scheme `UTI-Leadership Equity Fund', which will invest in leading companies in various sectors and industries. Addressing a news conference here, Mr U.K. Sinha, Managing ... More

MUTUAL FUNDS

ING Group scheme bets on fund managers
There is the possibility of money too moving with the fund manager when he moves out to other funds. More

ING Investment into portfolio management
TO tap the growing high networth individuals (HNI) segment, ING Investment Management (I) Pvt Ltd is entering the portfolio management services (PMS) business. ING Investment Management India (IIM), which is the investment manager for ING Vysya ... More

TECHNICAL ANALYSIS

Bulls on fire
BULLS alighted over Tuesday's trading activity. The emotional reading of the tradable counters remains bullish. Bear control on Wednesday is likely to alter the outlook in their favour. On the contrary, the prevailing bullish sentiment is likely ... More

STOCK MARKETS

719 stocks hit upper circuit on BSE — Sensex closes above 9,500
TRADERS went berserk on Tuesday's trading with every fourth stock traded on the Bombay Stock Exchange (BSE) finding only buyers and no sellers. The intensity of buying was so strong that 719 stocks hit the upper circuit at the bourse, out of ... More

Asian Paints surges on price hike buzz
ASIAN Paints has been on an upward march. The stock hit the 52-week high of Rs 595 on Tuesday. Market buzz is that the company hiked the paints' prices from this month, which is expected to ease the pressure on its products. There are also ... More

Cement majors post robust sales in Dec — Stocks move up on firm prices
CEMENT majors have reported robust growth in sales for December 2005; and with cement prices increasing as well in some regions, cement scrips too posted robust gains on the stock exchanges. The country's largest cement producer, The ... More

FOREIGN INSTITUTIONAL INVESTORS

Nitesh Estates to get Siachen Capital's $100-m funding
SIACHEN Capital LLC, a New York-based private equity firm, will be investing $100 million in two phases in Nitesh Estates, the real estate arm of the Bangalore-based Nitesh Group. The US company would invest $30 million in the first phase. ... More

COMMENTARY

Dream run continues at the bourses
THE dream run for the stock markets continued, with both the Sensex and the Nifty touching lifetime highs during and at the end of the day's trading session. The Sensex closed 149.23 points (or 1.59 per cent) higher at 9,539.37 points and the ... More

IPOS

Royal Orchid plans IPO to fund expansion
ROYAL Orchid Hotels Ltd (ROHL), a hospitality chain, will be raising Rs 102-122 crore from the capital market to fund its expansion plans, which include the setting up of two hotels in Pune and Hyderabad. The initial public offering will ... More

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