MARKETS
MUTUAL FUNDS
StanChart MF to launch `fund of funds' scheme
STANDARD Chartered Mutual Fund is launching a `fund of funds' scheme, to provide stable returns and make available an investment avenue for a longer horizon, according to the details filed in the offer document with SEBI. The investment objective ...
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TECHNICAL ANALYSIS
Sideways movement
THE sentiment reading of the tradable counters stands mildly bearish. Bull domination on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish sentiment is likely to be further strengthened. ...
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STOCK MARKETS
More capital market-friendly measures awaited in Budget — Tax experts want full exemption on LTCG
EVEN as the Union Finance Minister, Mr P. Chidambaram, is gearing up to start pre-Budget discussions with various experts, including the Securities and Exchange Board of India officials, especially on the direct taxes front, tax experts and ...
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BPCL, HPCL gain on good dividend yield
AFTER being battered by market players over the last few weeks, the shares of BPCL and HPCL gained sharply on Tuesday on the back of good dividend yield. Market talk that the Government will soon decide on the price hike for petroleum products ...
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Margin pressure tells on Asian Paints
DESPITE turning in a full-year performance well within market expectations, the Asian Paints stock has been largely range-bound primarily on concerns over narrowing profit margins. The pressure on profit margins is mainly on account of the ...
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Zooms on merger talk
Rumours of a possible merger with Hindalco propelled the stock of Bihar Caustic and Chemicals on the BSE on Tuesday. According to the market grapevine, with Hindalco's views on restructuring and the fact that it already has a majority holding ...
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DERIVATIVES MARKETS
NIIT: Outlook positive, buy June futures
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: Tata Power: The stock closed at Rs 265 in the spot market. It has declined from a high of Rs 430 to a low of Rs 235 in recent ...
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FOREIGN INSTITUTIONAL INVESTORS
FIIs turn net sellers in May
FOR the first time in 17 months, foreign institutional investors (FIIs) remained net sellers in Indian equity markets in May 2004. Driven by political uncertainty and triggered by the possibility of increase in the US interest rates, FIIs ...
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FIIs holding in ICICI Bank falls
THE Reserve Bank of India has notified that Foreign Institutional Investors (FIIs) can purchase shares of ICICI Bank Ltd in the secondary market under the portfolio investment scheme. A release from the Reserve Bank of India said, "The ...
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ASSET MANAGEMENT COMPANIES
AMRO Mutual gets clearance
SEBI has cleared AMRO Mutual Fund's application to begin asset management operations in India. The approval puts an end to a fairly long wait for the mutual fund, which has already put in place a management team, led by Mr Nikhil Johri, who ...
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COMMENTARY
Auto sector stocks in demand
STOCK prices rebounded after five successive days of losses with the Sensex registering a gain of 1.6 per cent. The bounceback gained strength in early trade as Sensex rose to a level that was a hair's breadth away from 5,000 ...
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