The Hindu Business Line : Friday, November 21, 2003

Service tax liability for distributors — AMFI seeks UTI help to study Finance Ministry circular
THE Association of Mutual Funds in India (AMFI) has requested Unit Trust of India to examine the Finance Ministry's circular which says the services of distributors of mutual funds are basically in the nature of services of commission agents as ... More

STOCKS

i-flex overseas listing likely in `next fiscal'
I-FLEX Solutions Ltd expects its overseas listing to happen only in the next financial year. Mr Deepak Ghaisas, CEO of Indian Operations and CFO, i-flex, told Business Line on the sidelines of a press conference that the overseas issue ... More

TECHNICAL ANALYSIS

Bear domination
BEARS extended their dominance over Thursday's trading activity. Bulls were unable to make any impact for the second successive trading day. The market sentiment reading of the tradable counters stands bearish with no uptrend counters. ... More

STOCK MARKETS

Market under creepy feeling
EXUBERANT investors have begun showing signs of worry and conspiracy theories are slowly replacing bravado as major indices continued to fall on Thursday. The grapevine has it that a big corporate group and three brokerage houses are holding ... More

McDowell high on renewed buying
THE stock of McDowell, the flagship company of the UB Group, has been in a recovery mode since end-October on the bourses. From a low of Rs 33 as on March 25 (BSE) the stock has appreciated by almost 73 per cent to its current levels. The stock ... More

Power transmission cos in the limelight
THE stocks of power transmission companies on Thursday continued their upward journey on buying support from a set of select broking firms. KEC International, leader among the pack, hit its 52-week high at Rs 71.45 (Rs 59.85). ... More

Interim stay helps Transgene Biotek resume trading
In a notice to its member, the BSE said it was in receipt of an order dated 17 November, passed by Mr Justice A. Gopal Reddy of the High Court of Andhra Pradesh at Hyderabad, in which interim stay had been granted. The Exchange had earlier ... More

DERIVATIVES MARKETS

Bank of Baroda: Outlook positive, buy Dec futures
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Equity options M&M: The outlook on this stock is negative. The downside price target is Rs 292. Consider shorting the December ... More

REGULATORY BODIES & RULINGS

SEBI reduces time period for book closure
The Securities and Exchange Board of India (SEBI) has reduced the time period for record date and book closure with immediate effect following the representation received from various quarters of the securities market. In a statement on ... More

EVENTS

Small investors now more informed: Bajpai
THE SEBI Chairman, Mr G.N. Bajpai, today said small investors seemed to have become more informed about the stock market as they had sold shares in the rising market this year. "The key to investor education is that investors should take ... More

COMMENTARY

Heavyweights drag Sensex down
THE benchmark BSE Sensex plunged into the negative territory for the third trading day in a row. The 30-stock index was down 52.5 points (1.09 per cent). The index opened firm on Thursday at 4840.80 points, up by about 17 points from that of ... More

IPOS

BPO sector may witness a few IPOs next year
SOME of India's business process outsourcing (BPO) companies may go public next fiscal as their revenues swell to a critical size, costs are well controlled and profits surge. Top tier BPO companies, which employ thousands of people and work ... More

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