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Saturday, April 23, 2005

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JRG starts online trade in commodity, capital markets
JRG, one of the leading brokerage houses, has introduced integrated Internet trading venture in commodity and capital markets. Mr Regi Jacob, Managing Director, JRG Securities Ltd, said that the company has created its own integrated platform ... More

MUTUAL FUNDS


Ambika Cotton to issue pref shares to UTI venture fund
A VENTURE fund promoted by UTI Asset Management Company has forayed into textiles account by choosing to invest in the Coimbatore-based Ambika Cotton Mills Ltd (ACM), a known name in the premium segment cotton yarn production and exports. ACM's ... More

UTI Mutual spreads wings in eastern region
SALES figures logged in the eastern region, considered a relatively risk-averse market for long, have sprung a surprise for UTI Mutual Fund, thanks mainly to what is being identified as the region's growing appetite for equity schemes. As much ... More

STOCKS


3i Infotech closes below issue price
SHARES of 3i Infotech made their debut on the BSE at Rs 105.15 as against the issue price of Rs 100. However, the stock closed the session at Rs 97.80. It touched a high of Rs 107.90 and a low of Rs 95.55 for the day. At the NSE, the stock ... More

TECHNICAL ANALYSIS


Initial gains not held
BULLS extended further pressure over the initial hours of Friday's trading activity. The sentiment reading of the tradable counters stands strongly bullish. Bear domination on Monday is likely to reduce the bull by a considerable margin thereby ... More

STOCK MARKETS


Infotech stocks lead market rally
THE markets ended the trading week in style, posting gains for the third consecutive day. The Sensex gained 47.37 points to settle at 6346.57 points, even as the Nifty moved up by 18.80 points to end the day at 1967.35 points. More

Balmer Lawrie revamp talk pep-up
THE twin counters of Balmer Lawrie and Balmer Lawrie Investments, the holding company of the former, on Friday moved up on street talk that the Government is taking a fresh look at the possibility of divesting or restructuring the business of the ... More

DERIVATIVES MARKETS


NSE's F&O list: Inclusion criteria shocks brokers
THE National Stock Exchange's decision to introduce more securities for futures & options (F&O) trading has not found favour with many stockbrokers as they think the exchange has included many illiquid stocks and left out some liquid ... More

Outlook negative for IPCL, Tata Tea, Tata Power
THE following strategies are based on Friday's trading in the derivatives segment on the NSE: IPCL: The April futures contract closed at 161.90. The outlook appears negative. The downside target range is 155-153. Sell April futures ... More

IPOS


Nandan Exim IPO to hit market on May 12
NANDAN Exim Ltd, a company of the Rs 800-crore Chiripal Group, is hitting the markets with an initial public offering for 60 lakh shares on May 12. The company, which is offering a share of Rs 10 face value at a premium of Rs 10, plans to ... More

BONUS ANNOUNCEMENTS


Wipro Q4 net up 35%; announces 1:1 bonus
SOAP-TO-SOFTWARE maker Wipro Ltd sprang a surprise on Friday by announcing a bonus share for every one held and recommended a dividend of Rs 5 a share (250 per cent on par value), despite a bottomline growth that fell short of market ... More

INVESTOR PROTECTION


Shareholders seek remedy to 'trading' anomalies while restructuring
NATIONAL Investors Foundation (NIF) has drawn the securities regulator's attention to what it feels is an "unfair" market practice - delay in listing of newly-issued shares after corporate restructuring. A note from NIF to SEBI's secondary ... More
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