MUTUAL FUNDS
RBI mulls allowing investments in overseas index funds
THE Reserve Bank of India is considering allowing Indian investors, including mutual funds, to invest in overseas index funds. The proposal was discussed at a high-level committee of financial regulators on Friday. A regulatory source said ... More

STOCKS
Shriram Investments to issue shares to Reliance Capital
SHRIRAM Investments Ltd has informed the Bombay Stock Exchange of its board's decision to issue up to 23 lakh shares and 31 lakh shares respectively, to Reliance Capital Ltd and Shriram Chits & Investments Pvt. Ltd. The shares have a face value . More

TECHNICAL ANALYSIS
Bears prevail
Bear domination on Monday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish sentiment is likely to be further strengthened. Nifty futures recommendation: The June contract opened with a ... More

STOCK MARKETS
Sensex down 112 points; Tata group cos shine
ON a day when the major stock indices fell, the shares of several Tata group companies rose on reports of Tata Consultancy Services' (TCS) plans to hit the primary market. While there was buying interest in Tata group shares, overall mood ... More

PSU oil, refinery stocks decline
BPCL, HPCL, Indian Oil, Bongaigaon Refinery, Kochi Refinery declined today on reports that the Government may cut customs duties on crude and petroleum products, thereby reducing the protection enjoyed by domestic companies. Oil PSUs, which ... More

Stake sale talk - a wrong call?
AFTER several positive developments in the last few months for telecom major Bharti Tele-Ventures, some negative news is expected soon. If the market talk is to be believed, Warburg Pincus, a big investor in the company, is likely to exit. The ... More

Sintex closes higher amid all-round selling
THE stock of Sintex Industries on Friday moved and closed higher amid all-round selling in the market. The stock finished 0.6 per cent up at Rs 111.25 with a little increase in the trading volumes on the major bourses. The stock did not ... More

DERIVATIVES MARKETS
IOC: Outlook negative, sell June futures
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: IOC: The stock closed at Rs 384 in the spot market. The outlook appears negative. The downside price target is Rs 355. If selling ... More

ASSET MANAGEMENT COMPANIES
Franklin Templeton merges some schemes
FRANKLIN Templeton Asset Management is merging schemes with similar investment plans. The fund house had acquired the schemes of Kothari Pioneer earlier and some of these are being merged with existing schemes that are similar in nature and ... More

COMMENTARY
Sensex slumps as bears dominate
Even as the news of Tata Consultancy Services (TCS) hitting the markets with its initial public offering (IPO) had barely died down, the bear brigade swung into action at the bourses. The Sensex opened the day lower and did attempt to breach its ... More

IPOS
Transfer of ownership — Tata Sons to get Rs 2,300 cr from TCS
TATA Consultancy Services (TCS) will pay Rs 2,300 crore to Tata Sons for the transfer of ownership. According to the offer document for the initial public offering of TCS, Tata Sons would be paid the sum on the completion of the IPO and ... More