The Hindu Business Line : Saturday, July 26, 2003

JM Mutual Fund plans expansion
JM Mutual Fund is planning to increase the corpus of funds handled by it from the present Rs 3,700 crore to around Rs 5,000 crore by the end of the current financial year, according to the company CEO, Mr Krishnamurthy Vijayan. Mr Vijayan told ... More

Chola MI 98 to be made open-ended
CHOLAMANDALAM Mutual Fund is seeking to roll over its close-ended scheme, Chola MI '98, into an open-ended monthly income plan with a small but active equity component limited to 20 per cent of the assets. In its new form, the scheme will aim ... More

TECHNICAL ANALYSIS

Bull onslaught
BULLS extended further pressure over Friday's trading activity. Their dominance left the bears stranded. Bulls gained substantially from the day's trading. The sentiment reading of the tradable counters stands strongly bullish with no downtrend ... More

STOCK MARKETS

Rains cheer up Avon Organics
ABUNDANT rains during the past two weeks have brought investors flocking to the counter of the Hyderabad-based Avon Organics Ltd. According to dealers, the good monsoon is likely to boost sales of the company's Diketene derivatives - basic ... More

Products launch helps Transgene gain over 500 pc
THE stock price of the Hyderabad-based Transgene Biotek (TBL) has gained over 500 per cent since the beginning of April on the back of launch of various bio-technology products in the current fiscal and placement of shares to various foreign ... More

Stake sale buzz buoys UTI Bank
RUMOURS of a stake sale by parent UTI has introduced an element of buoyancy in the UTI Bank counter in the recent past. Brokers said that the bank's shares on the bourses have been firming up ever since it became known that UTI-1 has sought ... More

DERIVATIVES MARKETS

Infosys: Outlook positive, buy August 3500 calls
The following strategies are based on Friday's trading in the derivatives section on the NSE: Equity options Infosys: The outlook on this stock is positive. The call implied volatility (vols) has increased in recent times, ... More

COMMENTARY

Strong buying in heavyweights boosts Sensex
THE sustained buying interest in the index heavyweights - both old economy and new economy - contributed to a rally in the BSE Sensex for the second successive day. At the end of the day's trading, the Sensex closed 58.39 points (or ... More

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