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Wednesday, July 21, 2004

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MUTUAL FUNDS
Mutual funds seek clarification on capital gains tax
FRESH Inflows to the mutual fund industry have been significantly impacted in the past fortnight due to the lack of clarity on the capital gains tax issue, say asset management companies. The mutual fund industry is awaiting clarification on ... More

TECHNICAL ANALYSIS
Bears prevail
THE sentiment reading of the tradable counters stands neutral. Bull domination on Wednesday is likely to change the sentiment reading in its favour. On the contrary, the sentiment reading is likely to turn bearish. Nifty futures ... More

STOCK EXCHANGES
Efforts on to revive CSE
LYONS Range operatives are urging institutional investors to route some of their business through local stock broking firms. This, they say, could make a difference to the fate of Calcutta Stock Exchange (CSE), the country's number two bourse ... More

STOCK MARKETS
Contrarian
THE counter of petrochemicals major Reliance Industries Ltd (RIL) on Tuesday witnessed increased buying. This was seen from increase in volumes along with rise in stock price on a day when the overall market tone was bearish. Dealers said a ... More

DERIVATIVES MARKETS
Outlook negative for Tata Power, Bajaj Auto
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 254 in the spot market. The outlook appears negative. The downside price target is Rs 232. An ... More

COMMENTARY
TCS price band, weak monsoon dampen sentiment
THE stock markets registered a blip on Tuesday's trading after three consecutive days of marginal gains. The BSE Sensex closed the day 17 points or 0.35 per cent lower than the previous day, at 4957.8 points. The Nifty too slumped by an ... More

IPOS
TCS public offer: SEBI says no to participatory notes
BOOK running lead managers are not allowed to issue participatory notes on behalf of their clients for the Tata Consultancy Services' IPO. The Securities and Exchange Board of India has turned down the lead managers' request for the ... More


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