Financial Daily from THE HINDU group of publications
Wednesday, December 24, 2003
Markets (Dec. 23)
BL 2501999.20 (-15.62)
BSE Sensex5564.33 (-13.63)
S&P CNX Nifty1780.30 (-8.85)
US Dollar (Buy/Sell)45.53/45.67
Gold Std (10 gm)6110

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MARKETS

MUTUAL FUNDS


UTI MF plans to launch six sector funds
UTI Mutual Fund today announced it has sought the regulator's permission to launch six sector funds. Pledging to position UTI MF as the "preferred investment fund of the average Indian investor", its Chairman, Mr M. Damodaran, told newspersons ... More

Kotak Mahindra MF launches equity fund
KOTAK Mahindra Mutual Fund today launched the Kotak Global India Scheme, an equity fund that will invest in globally competitive Indian companies. According to Mr C. Jayaram, Director, Kotak Mahindra AMC, ability to deliver globally acceptable ... More

Canbank MF dividend
MANGALORE: Canbank Mutual fund has declared 25 per cent maiden dividend in its Canequity Diversified open-ended equity scheme on face value of Rs 10 per unit under income plan. A press release by Canbank Investment Management Services ... More

TECHNICAL ANALYSIS


Bears gain
BEARS gained some of their lost ground on Tuesday's trading. They were were able to put breaks to the bull run. However, the sentiment reading of the tradable counters continues to remain bullish. Bear domination on Wednesday is likely to change ... More

STOCK EXCHANGES


Regional SEs to form common trading platform
THE regional stock exchanges in association with the Bombay Stock Exchange (BSE) would soon finalise the formation of a common trading platform, called `Indonext', according to Mr D.N. Das, former President of the Madras Stock Exchange (MSE). ... More

STOCK MARKETS


Honchos join bull party
WHEN the going at the stock market gets good, it's not the small-time retail investor alone who goes laughing all the way to the bank. A look at the corporate announcements put out on the NSE's Web site shows that quite a few personnel from the ... More

Many mid-cap stocks tumble on talk of shift to trade-to-trade
SEVERAL mid-cap stocks such as Jain Irrigation, Shyam Telecom and others fell sharply in today's trading on market rumours that these would be shifted to trade-to-trade (TTT) segment. In TTT investors are not allowed the facility of netting - ... More

SAILing on hopes
STEEL Authority of India Ltd is expected to post a bumper profit for the current year. Investors are speculating that the company would show a profit of nearly Rs 1,500 crore for the full year. A couple of foreign institutional investors are ... More

J&K Bank continues to have low P/E ratio
THE Jammu & Kashmir Bank stock, despite re-rating in the last few months, continues to have poor P/E ratio of 4.27. According to analysts, two factors are still considered as negative for the bank stock. The fact that the bank is owned by ... More

ASSET MANAGEMENT COMPANIES


UTI AMC scouting for partners for asset revamp co
UTI Asset Management Company is looking for private partners for its asset reconstruction company. Addressing newspersons here, Mr M. Damodaran, Chairman, UTI Mutual Fund, said currently, the Life Insurance Corporation and a few others have ... More

COMMENTARY


Profit-booking takes toll on pharma stocks
THE stock market recorded a volatile trading session on Tuesday and the benchmark indices posted a fall after a string of gains during the past few sessions. The Bombay Stock Exchange's Sensitive Index (Sensex) started out the day's session on a ... More

IPOS


TV Today success brightens scene for media cos
THE good response that TV Today's initial public offer (IPO) has generated could enthuse other media companies to access the capital markets. And, according to the market buzz, companies such as the Prannoy Roy-promoted NDTV, UTV, Sony ... More

ECONOMIC OFFENCES


SEBI debars Dilip Pendse for six months
SEBI on Tuesday debarred Mr Dilip Pendse, former Managing Director of Tata Finance Ltd (TFL), for six months from the securities market for insider trading in the shares of TFL. In an order, the SEBI whole time member, Mr T.M. Nagarajan, ... More
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Top Stories
Ranbaxy set to defend UK arm against price-fixing charge


Outsourcing to offshoring, it is advantage India

Many mid-cap stocks tumble on talk of shift to trade-to-trade

VSNL launches `Total Internet'

Big players exit PC finance biz

Core sector growth at 5.2 pc in Nov

Dual citizenship for PIOs may be launched on Jan 9

In Focus
Budget Wish-list
Stocks: Dizzying Heights
Steel Industry in 2003
Outsourcing backlash
Stamp paper scam
Housing finance scenario
Insurance Round-up — 2003
Organic farming
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
Rising intolerance
(The Hindu)
Vaishnavaite Temples in Tamil Nadu
(The Hindu)
Saivite Temples in Tamil Nadu
(The Hindu)

In Depth
Insurance Corner
Swati CA
Simple Economics
Slowburn
Tax Talk
NRIs & Investment Avenues
Iraq Diary

Looking back
Dec. 14-Dec. 20
Mumbai regains ground in NSE turnover

SEBI panel moots curbs on stock split

ONGC market cap crosses Rs 1 lakh cr

Asset management cos rake in profits in H1


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