The Hindu Business Line : Tuesday, January 10, 2006

SPrEAD gets SEBI nod
UTI MF has received the regulator's consent for an open-end scheme that will tap arbitrage opportunities arising out of price differences between cash and derivatives. The proposed UTI-Spread Between Prices of Equity and Derivative Fund ... More

MUTUAL FUNDS

Hubli turns hotspot for UTI's PMS
HUBLI, the industrial town in Karnataka, has suddenly become a hotspot for the portfolio management service (PMS) offered by UTI Mutual Fund. Hubli has contributed a chunk of the Rs 180 crore or so now handled by the PMS run by the country's ... More

STOCKS

Growth hopes trigger rally in Piramyd Retail
PIRAMYD Retail (PRL), which made their debut on bourses recently, rose sharply on Monday on expectation of huge growth prospects in the next few years compared to other retail companies. In today's trading, the stock rose 16.69 per cent at Rs ... More

Citigroup arm sheds VisualSoft stake
HYDERABAD: Citibank N.A. has informed the National Stock Exchange that Citigroup Global Markets (Mauritius) Pvt Ltd has sold 200,000 shares aggregating to 1 per cent of the total share capital of Visualsoft Technologies Ltd on January 4, ... More

Hythe Securities plans to subscribe $12 m worth GDRs of GV Films
THE London-based Hythe Securities Ltd plans to place $12 million (about Rs 55 crore) in the proposed GDR issue of G.V. Films. The GDR issue is about $20-25 million and is filed with the Luxemburg Stock Exchange and also filed for an ... More

Sanghi allots 2.89 cr shares to raise FDI
HYDERABAD: Sanghi Industries Ltd informed the stock exchanges on Monday that its board of directors at a meeting on January 6 had issued and allotted 2.89-crore equity shares of Rs 10 each to Spinnaker Global Funds under the foreign direct ... More

TECHNICAL ANALYSIS

Bear domination
MONDAY'S trading activity witnessed bear domination. The sentiment reading of the tradable counters turned to bearish. Bull domination on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the bearish sentiment ... More

STOCK MARKETS

ONGC up on hopes of index weightage
SEVERAL investors are buying ONGC, a key index stock, in the last few days on expectations of an increase in its weightage in indices after the de-merger of Reliance Industries and on the rise in international crude prices. Dealers said the ... More

Aurobindo Pharma jumps on talk of Teva buying it
No such negotiations: Co informs SEs
AMIDST the buzz that the Israeli generics giant Teva Pharmaceutical Industries is close to finalise a deal to acquire the Hyderabad-based Aurobindo Pharma Ltd (APL), the latter's stock recorded heavy trading volumes and steep rise in price on ... More

SPIC active on hive-off hopes
SOUTHERN Petrochemical Industrial Corporation (SPIC) is witnessing increased activity on the market talk that the company has made some headway in disposing off a part of its businesses. On the NSE, its volume was around 6.16 lakh shares. In ... More

REGULATORY BODIES & RULINGS

SEBI exempts Pasupati Acrylon promoters' from making open offer
SEBI has granted exemption to the promoters of Pasupati Acrylon Ltd from making an open offer in the company's proposed preferential allotment of 1.4 crore equity shares to the promoter group entities. After the preferential allotment, the ... More

COMMENTARY

Strong rupee, weak Reliance pull Sensex down
THE markets, which opened for the week on a subdued note, succumbed to the cause of the bears. Concerns on the appreciating rupee and decline in Reliance pulled the markets into the red. Frontline stocks in the IT sector registered sharp ... More

Stock Quotes
SE Diary

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IPO Scams