MARKETS
MUTUAL FUNDS
Further consolidation seen in MFs
UTI'S acquisition of IL&FS Asset Management Company (AMC) is believed to be the beginning of a process of consolidation that the mutual fund (MF) industry is set to go through this year. With this deal, the industry scorecard shows a total of 30
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MIP returns lose steam as equities turn weak
MONTHLY Income Plans seem to be coming off their high pedestal. With investor sentiments turning weak, returns generated by MIPs are shrinking by the day even as the asset management industry tries its best to sell them. MIPs, which are chiefly ...
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TECHNICAL ANALYSIS
Bulls bounce back
MARKETS remained indecisive till the noon session of Friday's trading. In the final moment, bulls geared up their sleeve and bounced back smartly. The sentiment reading of the tradable counters continues to remain bullish. Irrespective of bull ...
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STOCK MARKETS
Vijaya Bank: Broker's favourite
ONE large Mumbai-based institutional broker is said to be extremely bullish about the prospects of Vijaya Bank. According to market sources, the broker has been recommending the stock to its big clients. The source said a US-based mutual fund ...
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GNFC stock jumps on block deals
THE GNFC stock on Friday attracted a few block deals indicating certain stake holding change through market operation. The counter's volume jumped more than 10 times that of Thursday to 6.34 lakh shares on the Bombay Stock Exchange around 70.30 ...
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DERIVATIVES MARKETS
Derivatives market to see larger volumes
THE traded volume in the derivatives market is expected to double in the next couple of years, partly because of its own momentum as also reduction in contract size and partly at the cost of the cash market. The higher leverage facility may ...
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Outlook positive for ICICI Bank
THE following strategies are based on the spot and the derivatives segments on the NSE: ICICI Bank: The stock closed at Rs 322 in the spot market. The outlook appears positive. The upside price target is Rs 340, but the stock could touch ...
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FOREIGN INSTITUTIONAL INVESTORS
FIIs chase mid-caps
FOREIGN Institutional Investors (FIIs) are increasing their exposure to mid-cap stocks. These are stocks that have a market capitalisation of Rs 500 crore to Rs 1,500 crore. The shareholding pattern of 170 companies for the October-December ...
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FIIs registration going up
THE number of foreign institutional investors (FIIs) operating in the equity market is now rising steadily. Registered FIIs operating in the country have increased by 14, since the beginning of 2004. In 2003, new FII registrations were only 28. ...
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REGULATORY BODIES & RULINGS
SEBI may amend norms for disclosing shareholding
THE Securities and Exchanges Board of India (SEBI) is proposing to amend the provisions of the disclosure requirements relating to the shareholding pattern of companies. According to the proposed provision, companies will have to file with ...
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COMMENTARY
Strong buying in index heavyweights
MARKETS continued to witness volatile trading activity on Friday even as the benchmark BSE Sensex ended the last trading day of the week on a positive note. The 30-stock index rose 65.72 points (1.15 per cent) to 5786.35 points. The index ...
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IPOS
Bull run spurs IPO boom
SEVERAL companies, tempted by the prolonged bull run, are set to enter the primary market to raise funds in excess of Rs 1,000 crore in the next couple of months. Besides the big-ticket disinvestment candidates such as ONGC, SAIL and IPCL, a ...
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Shiva Cement may raise Rs 9.5 cr through rights-cum-public issue
THE Rourkela-based Shiva Cement is hoping to raise a little over Rs 9.5 crore through a rights-cum-public issue some time in the middle of May, to fund its working capital needs and de-bottleneck its production unit. This is the first move by ...
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Govt lists public offers in 6 PSUs
THE Disinvestment Ministry has drawn up a schedule, prioritising the proposed public offers for sale of Government stakes in IPCL, CMC Ltd, IBP & Co Ltd, Dredging Corporation, ONGC and Gail in three stages spread over February and ...
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