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Wednesday, September 22, 2004

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MUTUAL FUNDS
LIC MF launches floating rate MIP
LIC Mutual Fund has launched its floating rate monthly income plan fund. This open-ended income scheme's objective is to generate consistent returns, minimise interest rate risk and generate capital appreciation in the long-term by investing in ... More

Kotak Mahindra unveils scheme for `undervalued' stocks
KOTAK Mahindra MF has lined up a scheme that will invest in stocks of companies that are sound but undervalued. "Undervalued' stocks have been defined as those whose "true long-term potential" has not been recognised by the broad market so ... More

STOCKS
Satyam delists from HSE
SATYAM Computer Services Ltd has informed the National Stock Exchange that the company shares have been delisted from Hyderabad Stock Exchange with effect from September 20. Pursuant to the members' approval obtained in the annual general ... More

TECHNICAL ANALYSIS
Bull domination
BULLS were in total command of Tuesday's trading activity. The sentiment reading of the tradable counters stands strongly bullish. Bear pressure on Wednesday is likely to reduce the bull count by a substantial margin thereby changing the ... More

STOCK MARKETS
Call rates move higher; Sensex crosses 5600
CALL rates in the inter-bank market were significantly higher on Tuesday as deals were struck at 5.00 per cent, dealers said. The rates were in a range of 4.75 to 4.95 per cent with some trades quoted as high as 5.25 per cent, they said. ... More

Capacity ramp-up plans sweeten Bajaj Hind
A PERCEPTION that Bajaj Hindustan's capex plans will position it as one of the largest sugar manufacturer, has been propelling interest in the said counter on the bourses. While the stock price has been range-bound for practically the whole of ... More

TCS gains on results hopes
EXPECTATIONS of good results has been spurring market interest in the TCS counter in the recent past. Brokers maintain that the company's performance will see a further re-rating of the stock. Valuations are expected to become more attractive ... More

DERIVATIVES MARKETS
HPCL: Outlook positive, buy October futures
THE following strategies are based on Tuesday's trading in the spot and the derivatives segment on the NSE: HPCL: The stock closed at Rs 337 in the spot market. The outlook appears positive. The upside price target is Rs 356. Buy ... More

FOREIGN INSTITUTIONAL INVESTORS
JM Morgan Stanley top TCS IPO mobiliser
JM Morgan Stanley Retail Services, which procured Rs 13,158 crore of Tata Consultancy Services IPO, or 33.4 per cent of the total demand, is the top procurer among brokers in the offering, said a news release from J M Morgan Stanley. The ... More

COMMENTARY
Heavyweights propel broad-based rally
THE strong revival of buying support that has been driving the indices northwards at the stock markets, during the last couple of weeks, continued to gain momentum on Tuesday. The upbeat sentiment is due to the inflow of good corporate ... More

IPOS
NTPC issue price band set at Rs 52-62
THE price band for NTPC's first equity public offering has been fixed at Rs 52-Rs 62 per share. On Monday, the company filed the preliminary prospectus with the Registrar of Companies. The issue will open on October 7 and close on October 14. ... More

INVESTOR PROTECTION
SEBI filing review petition on Colour Chem verdict
THE Securities and Exchange Board of India is filing a review petition before the Supreme Court against the apex court's verdict, pronounced on August 25, 2004, on the Colour-Chem Ltd (CCL) case. Mr R.S. Loona, SEBI Executive Director (in ... More


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