Financial Daily from THE HINDU group of publications
Wednesday, August 27, 2003
Markets (Aug. 26)
BL 2501487.02(+57.23)
BSE Sensex4152.29(+147.66)
S&P CNX Nifty1318.20(+47.10)
US Dollar (Buy/Sell)45.83/45.96
Gold Std (10 gm)5490

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MUTUAL FUNDS


Aggressive selling endows mutual funds with viability
AN aggressive selling effort has helped a handful of relatively smaller mutual funds to more than double in size over the last year, and thereby acquire critical mass. According to Mr Dhirendra Kumar, Chief Executive, Value Research, the ... More

ICRA plans two new ratings for MFs
ICRA Ltd, in collaboration with Moody's Investor Services, has decided to launch two new sets of ratings for the mutual funds industry either by the end of September or in the beginning of October. According to Mr P.K. Choudhury, Managing ... More

Equity funds post significant gains
DIVERSIFIED equity funds on Tuesday recovered the ground they lost on Monday, following the bomb blasts in Mumbai. Many of them managed to clock a growth over Friday's closing values. Net asset values (NAVs) of the mainstream funds reflected ... More

Temasek, Stanchart form India-focussed fund
TEMASEK Holdings (Pvt) Ltd and Standard Chartered Private Equity (SCPE), the private equity arm of Standard Chartered Bank, have established a $100 million India-focussed private equity fund called the Merlion India Fund, an official statement ... More

TECHNICAL ANALYSIS


Bears overpowered
BEARS failed to extend their pressure during Tuesday's trading activity. Bulls were in total command of the day's proceedings. Tuesday's market action resulted in terminating a few downtrend counters in the tradable list. However, the ... More

STOCK MARKETS


As investors put fears behind — Markets recoup, Sensex gains 147
THE stock markets dampened by Monday's twin bomb explosions in Mumbai , bounced back confidently today as investors returned to make purchases. Brushing aside fears of violence, they helped wipe out the previous day's losses. The Finance ... More

Zee picking up on CAS hopes
"TO be not to be'' is the question that has been dogging the Zee Telefilms counter of late. And once again news that the Government is to adhere to its September 1 schedule to implement CAS, generated a lot of activity at the counter. "The ... More

Sugar cos' stocks rise on price hike, festival season
AFTER banks, textiles and steel sector stocks, sugar companies' shares are attracting market attention mainly on account of increase in the sugar price and increased demand due to the beginning of festival season. Brokers said the rise in the ... More

Steel ends stronger
THE share prices of steel companies soared on Tuesday on heavy buying. Dealers said investors, big and small, had lined up at steel counters. They said a price hike on Monday by China Steel Corporation (CSC) helped push up stocks here. CSC jacked ... More

COMMENTARY


Markets gain across the board
AFTER being wrecked by the Mumbai bomb blast on Monday, the market staged a phenomenal comeback on Tuesday. The benchmark market indices - BSE Sensex and the S&P CNX Nifty recovered ground during the day's trading and wiped off the losses ... More

INVESTOR PROTECTION


Central Listing Authority now has say on securities
THE Central Listing Authority (CLA) has been empowered to make recommendations to the Securities and Exchange Board of India (SEBI) on issues concerning the protection of interests of investors in securities and the development and regulation of ... More
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