Financial Daily from THE HINDU group of publications
Tuesday, August 10, 2004

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ESOPS
ICAI calls for changes in ESOP norms
THE Institute of Chartered Accountants of India (ICAI) wants the Securities and Exchange Board of India to drop all accounting related guidance from the latter's guidelines on employee stock option plans (ESOPs) and employee share purchase plans ... More

MUTUAL FUNDS
StanChart MF launches All Seasons Bond Fund
STANDARD Chartered Mutual fund has launched a debt asset allocation fund - Standard Chartered All Seasons Bond Fund. The fund is an open-ended fund of funds scheme. The fund's retail plan specifies a minimum investment of Rs 500, and the ... More

Opportunities equity fund from Kotak
KOTAK Mahindra Mutual Fund has launched Kotak Opportunities, an open-ended equity growth scheme. The fund is an aggressive scheme with a flexible investment style, where the fund manager will look for opportunities in the market and can invest ... More

STOCKS
Gujarat chemical firm to list on Singapore bourse today
MEGHMANI Organics Ltd, a Rs 250-crore pigment and agro-chemical manufacturer, will be the first Indian company to list its equity shares on the Singapore Stock Exchange when it begins trading tomorrow. The Ahmedabad-based private limited ... More

TECHNICAL ANALYSIS
Bears prevail
INITIAL hours of bear domination on Monday changed the sentiment reading of the tradable counters to bearish. However, even a mild bull pressure on Tuesday could neutralise the sentiment reading. Bull domination on Tuesday could change the ... More

STOCK MARKETS
Numeric Power hits 52-week high
THE stock of the Chennai-based Numeric Power Systems is a new discovery for some market players. The stock price has been rising for sometime. In the last fortnight, it had hit a low of Rs 127, but today it topped its 52-week high. After ... More

Hikal gains on new drug launches
The stock price was up 10 per cent at Rs 308 on the BSE with volumes of 7,404 shares. On the NSE, it closed at Rs 306.65, up 10 per cent with volumes of 3,903 shares. Dealers said the rise in the stock price was on market talk that the ... More

DERIVATIVES MARKETS
Maruti Udyog: Outlook negative, sell Aug futures
THE following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE: Maruti Udyog: The stock closed at Rs 403 in the spot market. The outlook appears negative. The downside price target is Rs ... More

FOREIGN INSTITUTIONAL INVESTORS
Arvind Mills gets shareholder nod to up FII limit to 49%
ARVIND Mills Ltd (AML) has received approval from shareholders to increase its FII limit to 49 per cent of the paid-up equity capital of Rs 195.37 crore. The approval to raise the limit from 24 per cent to 49 per cent came at the AGM held at ... More

COMMENTARY
Sensex recovers on fresh buying
AFTER the weakness witnessed towards the close of last week and despite the fall in major indices globally, Monday's trading session at the Indian stock markets saw a strong upward move on the back of fresh buying support. Inflation-related ... More

ECONOMIC OFFENCES
SEBI launches probe into `insider trading' in GTB shares
THE SEBI Chairman, Mr G.N. Bajpai, today said that the regulator has launched an investigation into the alleged insider trading in Global Trust Bank (GTB) securities before the announcement of moratorium and merger with Oriental Bank of Commerce ... More


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Top Stories
WTO framework agreement: No cause for celebration


Rs 115-cr revival plan proposed for Hind Antibiotics

PFC plans floating rate for future loans

Bank guarantee for mobile operators to be cut 50 pc

GTB full year net loss widens to Rs 812 cr

Service tax case: SC dismisses plea against tribunal order

Tyre stocks race ahead on price increase hopes

Port restriction on natural rubber imports scrapped

Looking back
Aug. 1-Aug. 7
Hedge funds: Not the ogres as made out

Indices may witness sideways movement

Price rise sweetens sugar stocks

Textile stocks in limelight


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