The Hindu Business Line : Tuesday, April 12, 2005

UTI Mutual plans to beef up branch network
UNIT Trust of India (UTI) Mutual Fund proposes to strengthen its branch network across the country and launch niche products, according to its President, Mr K. Madhava Kumar Mr Kumar told newspersons on Monday that the company has acquired Rs ... More

Franklin launches 60 Month Plan
FRANKLIN Templeton Investments (India) is launching a new fund, the Franklin Templeton Fixed Tenure Fund - Series 1 60 Month Plan. It is a close-ended income fund that seeks to provide investors steady returns, according to a press release from ... More

TECHNICAL ANALYSIS

Bears prevail
BEARS extended further pressure over Monday's trading activity. The sentiment reading of the tradable counters remains strongly bearish with no uptrend counters. Bull domination on Tuesday is likely to reduce the bear count by a substantial ... More

STOCK EXCHANGES

BSE launches indices tracking mid-, small-cap stocks
WITH interest in mid-cap and small cap stocks gaining momentum, the BSE today announced the launch of two new indices — BSE mid-cap and BSE small-cap index. These indices will track the performance of companies with relatively small ... More

STOCK MARKETS

Conflict of brokers' trading interests causes alarm
THE increasing number of instances of conflict of interest between stockbrokers' own investments and their clients' accounts has reached alarming proportions now. Brokers' proprietary positions, where they invest their own money in the stock ... More

Infosys Tech: Pre-results jitters
THE counter of software major Infosys Technologies has been on a downward move in the last one week. Dealers said they were witnessing continuous selling in the counter. The major factor for the fall in the stock price ahead of the financial ... More

Steel stocks firm amid widespread fall
THE steel stocks generally held firm today at close amid widespread correction in the market. According to analysts and brokers, some players have been selling on uncertainty over global steel prices holding for the second or third quarter of ... More

COMMENTARY

Selling pressure makes it hard for software stocks
SELLING pressures engulfed the market for the second successive trading session, as the Sensex closed below 6400 points during the day. The Sensex shed 82.02 points to close for the day at 6397.52, after touching a high of 6444.33 and a low of ... More

IPOS

HSBC launches Midcap Fund, caps issue size at Rs 700 cr
HSBC Mutual Fund launched the HSBC Midcap Equity Fund (HMEF), with a limit of Rs 700 crore on the fund size. This is the first time that an asset management company has fixed a cap on the size of the fund. Mr Sanjay Prakash, CEO, HSBC Asset ... More

INVESTOR PROTECTION

Ministry of Company Affairs may widen investigation base
IN no mood to leave any stone unturned in addressing investor grievances, the Ministry of Company Affairs (MCA) is considering expanding its investigation base so that not only the defaulting company but also other companies in the Group being ... More

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