The Hindu Business Line : Wednesday, December 14, 2005

Clarification on ELSS
THE Finance Ministry on Tuesday clarified that tax benefit under Section 80C of the Income Tax Act would be available to the investments made on or after April 1,2005 in the units of a mutual fund issued under any plan formulated in accordance ... More

STOCKS

Sensex, Nifty touch new highs
STOCK prices continued to surge, backed by sustained FII inflows and positive sentiments permeating from the Asian markets. The BSE Sensex crossed the 9,200-mark, while NSE Nifty scaled a new all-time high to end above 2,800 levels. However, ... More

ABG Shipyard debuts at 47% premium
ABG Shipyard Ltd made its debut on the Bombay Stock Exchange on Tuesday with a 47.24 per cent premium on the issue price. The stock opened at Rs 280, touched a high of Rs 298 and closed at Rs 272.40, with 71.7-lakh shared traded on the first ... More

TECHNICAL ANALYSIS

Bulls prevail
THE sentiment reading of the tradable counters remains bullish. Bear domination on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment is likely to be further strengthened with ... More

STOCK MARKETS

Sugarcane price, global trend push sugar stocks to a high
INTERNATIONAL developments and lower than expected sugarcane prices in the domestic markets are among the reasons contributing to the continued buoyancy in sugar company stocks. Sugar stocks gained 10 - 20 per cent today. Bajaj Hindustan ... More

Ginni Filament rises ahead of follow-up issue
GINNI Filament, a textile company, saw its stock rise on Tuesday. It closed at Rs 37.70, up 10.23 per cent on the BSE with a volume of 2.82 lakh shares and on the NSE, the closing price was Rs 37.80, up 10.36 per cent, with a volume of 5.55 lakh ... More

Ion Exchange stock gathers steam
THE market seems to be gradually warming up to the growth possibility of Ion Exchange. The stock on Tuesday closed with a gain of around 1 per cent at Rs 121.40, and 1.01 lakh shares were traded on the BSE. The counter improved by around 9 per ... More

FOREIGN INSTITUTIONAL INVESTORS

MFs, FIIs can now participate in gold, silver & crude futures — Decision on other commodities to be taken gradually
THE Forward Markets Commission (FMC) has announced that mutual funds and foreign institutional investors would be allowed to participate in bullion and crude oil futures at the national commodity exchanges. "We would like to open up commodity ... More

Merven cancels pref offer to Olympus
MERVEN Drug Products Ltd has informed the stock exchanges that its annual general meeting held on December 9 has declared cancellation of resolution for issue of 23.9-lakh equity shares of Rs 10 each of the company at a premium of Rs 110 per ... More

REGULATORY BODIES & RULINGS

SAT seeks SEBI clarification on transfer of holdings in Sree Karpagambal Mills
IN an interim order, Securities Appellate Tribunal (SAT) on Tuesday asked SEBI to explain how it gave an exemption to Sree Karpagambal Mills on transfer of promoters' holdings without following its takeover regulations. The case relates to a ... More

OBC decides to extinguish GTB shares on SEBI advice
SEE, I will be very honest. GTB (Global Trust Bank) has become history. This company doesn't exist anymore. So, the share certificate today is as good as a toilet paper." This is what Mr B.D. Narang, the then Chairman and Managing Director of ... More

COMMENTARY

Sectoral indices end in positive territory
THE dream run continued for the markets as the BSE Sensex marched up by 130.23 points (or 1.43 per cent) to close for the day at 9,263.90 points, a new all-time high. The S & P CNX Nifty also followed the same course, closing 1.30 per cent ... More

Stock Quotes
SE Diary

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