MARKETS
MUTUAL FUNDS
Mutual funds' asset base swells in June
IN spite of the continued slump in the returns posted by mutual funds, average assets under management of the industry marginally increased in June. According to data collected by the Association of Mutual Funds in India (AMFI), overall assets ...
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TAXATION
Transaction tax stays with differential rates — Chidambaram exempts bond trades
THE Finance Minister, Mr P. Chidambaram, today brought cheer to market players by announcing that the 0.15 per cent securities transaction tax (STT) proposed in his Budget would be confined to only delivery-based trade in equities, even while ...
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Markets cheer partial relief
THE relief on transaction tax announced by the Finance Minister was greeted with cheers by both debt and equity markets. Stock prices, which were rangebound all morning, shot up immediately following the Finance Minister, Mr P. Chidambaram's ...
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Chambers hail Chidambaram's move on transaction tax
THE industry chambers have welcomed the Finance Minister, Mr P. Chidambaram's announcement on the differential transaction tax regime. The Confederation of Indian Industry President, Mr Sunil Kant Munjal, said, "Directionally, the system of ...
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TECHNICAL ANALYSIS
Bull domination
THE sentiment reading of the tradable counters stands bullish. Bear domination on Thursday is likely to neutralise the sentiment reading. Otherwise, the prevailing bullish sentiment is likely to continue with added strength. Nifty futures ...
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STOCK EXCHANGES
CSE adopts resolution for demutualisation
AN extra-ordinary general meeting of members of the Calcutta Stock Exchange (CSE) has adopted a resolution regarding the demutualisation of the exchange. Members have proposed to meet again later this month to discuss a number of pending issues, ...
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STOCK MARKETS
Tisco firm on number hopes
WITH steel prices remaining firm in the first quarter, Tata Steel is expected to report strong first quarter financial results. If the market talk is to be believed, the company is expected to report a net profit of around Rs 675-700 crore for ...
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DERIVATIVES MARKETS
ACC: Outlook negative, sell August futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: Tata Steel: The stock closed at Rs 357 in the spot market. The outlook appears positive. The upside price target is Rs 369. ...
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FOREIGN INSTITUTIONAL INVESTORS
CalPERS registers with SEBI as FII
THE California Public Employees' Retirement System (CalPERS), one of the biggest pension funds in the US with assets of $166 billion, has finally made its entry into India. The pension fund has been granted a registration in India as FII by ...
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COMMENTARY
Sensex gains on transaction tax changes
THE Finance Minister's tweaking of the transaction tax proposals appears to have been received positively by the markets. The BSE Sensex rose by 35 points to close at 4,993.76 points, just seven points shy of the 5,000-mark. The S&P CNX Nifty ..
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IPOS
More offers for TCS, Tata Sons staff post-IPO
APART from 10 per cent of TCS' initial public offer (IPO) being reserved for its employees, there are two other offers for employees of TCS and of Tata Sons, which together could amount up to Rs 305 crore in the financial year 2005. The ...
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