Financial Daily from THE HINDU group of publications
Thursday, June 17, 2004

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ANNOUNCEMENTS
Pioneer Embroideries' share capital up
MUMBAI: Pioneer Embroideries Ltd has informed the Bombay Stock Exchange that pursuant to the scheme of amalgamation of Salzer Textiles Ltd and JJ Textiles Ltd with the company, its authorised share capital has been increased from Rs 8 ... More

MUTUAL FUNDS
Templeton MF to consolidate product portfolio
TEMPLETON Mutual Fund has proposed to consolidate its product portfolio - a move that will bring its Fund of Funds (FoF) to the fore. It will merge two of its schemes, FT India Asset Allocation Fund and FT India PE Ratio Fund, into FT India ... More

TECHNICAL ANALYSIS
Initial gains not held
THE sentiment reading of the tradable counters stands mildly bullish. Bear domination on Thursday is likely to change the sentiment reading in its favour. On the contrary, the prevailing bullish sentiment is likely to continue with added ... More

STOCK MARKETS
Eveready gains on demerger plans
THE stock price of Eveready Industries has increased almost 14 per cent after the announcement of the company's plans to demerge its FMCG and bulk tea business. Brokers and analysts said the move by the company is good, as it would unlock the ... More

Mid-cap IT stocks back in favour
AFTER being down over the last few weeks, the stock of IT services company MphasiS BFL gained sharply on Wednesday. The stock price of the company gained 4.26 per cent at Rs 244.3 on the BSE with volume of 36,772 shares and on the NSE it gained ... More

Harig Crankshaft zooms 500% in 13 trading sessions
AT a time when most stocks are witnessing fall in price, the price of loss-making auto ancillary company Harig Crankshaft is on the rise. More interestingly, the price has increased from Rs 3 (at the end May) to Rs 18 levels, a rise of 500 per ... More

DERIVATIVES MARKETS
ACC: Outlook negative, sell June futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE. ACC: The stock closed at Rs 230 in the spot market. The outlook appears negative. The near-term downside price target is Rs ... More

COMMENTARY
Oil & power sectors take a beating
TRADING started on an optimistic note on Wednesday as Sensex stayed above 4,800 levels for a while but could not hold on to the gains. By close, it had dipped below the 4,800 level and ended with a loss of 0.5 per cent. Nifty too ended with a ... More


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