MARKETS
MUTUAL FUNDS
Pak sending team for Asia Oceania MF meet
INDIA-PAKISTAN initiatives are spilling over to an unlikely area — mutual funds. Pakistan is sending a big delegation — so far the largest — to a meeting of organisations representing the asset management industry in the Asia ...
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MIPs - are investors aware of risks?
SEVERAL mutual funds have filed offer documents with the Securities and Exchanges Board of India for launching monthly income plans (MIPs) with higher equity limits. Tata Mutual Fund, for instance, is slated to launch Tata MIP Plus Fund, where ...
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UTI to acquire IL&FS schemes
UTI has announced that it is going to acquire the schemes of IL&FS Mutual Fund, subject to regulatory approvals. A memorandum of understanding (MoU) was signed between the two today, according to a joint release. With the assets under ...
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TECHNICAL ANALYSIS
Bears rebound
BULLS extended their dominance during the morning session of Thursday's trading. Later part of the day saw the bears rebounding to gain an upper edge over the day's trading. The tradeable counters were not affected in the later part of the rally. ...
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STOCK MARKETS
Jaswantspeak adds pep to tea stocks
FOR the tea industry that is dogged by falling prices and sluggish exports, the announcements made by the Union Finance Minister, Mr Jaswant Singh, in his interim budget, offered some reprieve. Market sources said the proposed special tea term ...
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Bombay Dyeing stock makes gains
THE Bombay Dyeing stock today moved up on major bourses on concerted buying by a section of investors. Dealers talked about another possible attempt by a certain market players to corner the stock. It may be mentioned that jute baron Mr Arun ...
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Gains on active interest
IN yet another volatile trading day, the Infosys Technologies stock saw heavy volatility. However, at close the stock gained mainly on back of active buying from institutional investors. According to market talk, several funds sold heavily in ...
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DERIVATIVES MARKETS
ACC: Outlook negative, buy February 250 puts
THE following strategies are based on the spot and the derivatives segments on the NSE: ACC: The stock closed at Rs 255 in the spot market. The outlook appears negative. The downside price target is Rs 225. If the selling pressure ...
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FOREIGN INSTITUTIONAL INVESTORS
FIIs pull-out peaked on Feb 3
FOREIGN Institutional Investors (FIIs) pulled out a whopping Rs 436 crore from the Indian equity market on Tuesday (February 3). The net sale booked by them on that day is the largest in the past year. FIIs purchased stocks worth Rs 694.2 ...
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COMMENTARY
Volatile trading marks the day
MARKETS witnessed volatile trading activity as the benchmark BSE Sensex turned bearish again on Thursday. Sensex dropped by 36.13 points (0.63 per cent) to close at 5720.63 points. The index opened marginally lower than the previous day's ...
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IPOS
NTPC public issue gets clearance
THE Cabinet has cleared a proposal for National Thermal Power Corporation (NTPC) to float an initial public offering (IPO) for up to 10 per cent of its equity. According to the Power Secretary, Mr R.V. Shahi, a 10 per cent float will raise around ...
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Ministry seeks details from TCIL on IPO
THE Disinvestment Ministry has asked for details from Telecommunication Consultants India Ltd (TCIL) on its proposed initial public offering (IPO), which is expected to hit the markets in the next couple of months. According to Mr G.D. Gaiha, ...
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