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Tuesday, February 10, 2004

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MUTUAL FUNDS
Participation in derivatives
MFs can invest up to 50% of net asset: SEBI

THE SEBI has issued a fresh set of guidelines for participation by equity funds in derivatives trading for the purpose of hedging and portfolio balancing, along with the caveat that derivative positions must never (not even for a few moments on ... More

TECHNICAL ANALYSIS
Bulls surge ahead
MONDAY'S trading activity was totally under the control of the bulls. Their dominance left the bears stranded. The sentiment reading of the tradable counters remains bullish with no downtrend counters. Bear domination on Tuesday is likely to ... More

STOCK MARKETS
Sensex gains 140 on smart rally
AFTER several days of volatile movements, equities on Monday staged a smart rally with active buying in index stocks by institutional investors. However, the undertone in the market remained somewhat bearish, as day traders and retail investors ... More

Reliance Energy gains on FII buying
THE counter of Reliance Energy (formerly BSES) is back on the buy list of several FIIs. Dealers said the energy major counter saw heavy purchases by several new FIIs. Interest is due to improved profitability of its Mumbai business, likely ... More

Funds buying drives up Amtek Auto
THE stock of Amtek Auto on Monday forged ahead on the major bourses in terms of value and volume on talks of FII investment going up. The company has recently put in place provisioning of increasing FII investment limit to 49 per cent from 24 ... More

Tata Tea exits FAL Industries
Tata Tea had a 5.3 per cent stake in FAL. On February 6, it sold off its holding of 2,41,659 shares through off-market spot deals. Two other Tata Group outfits — Tata Chemicals and Tata Investments Corporation — hold 12.49 per cent ... More

DERIVATIVES MARKETS
SBI: Outlook positive, buy Feb 640 calls
THE following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE: SBI: The stock closed at Rs 623 in the spot market. The near-term outlook appears positive. The upside price target is Rs 651. ... More

FOREIGN INSTITUTIONAL INVESTORS
Welspun members okay FII limit hike
WELSPUN India Ltd has informed the Bombay Stock Exchange that the members of the company, vide postal ballot, have approved the resolution authorising the board to give guarantee to secure enhanced working capital facility of Rs 45 crore ... More

COMMENTARY
Sensex shoots up sans volatility
CASTING aside the volatility witnessed over the past week, the stock markets launched on an optimistic note this week. The BSE Sensex appreciated by 139.87 points (or 2.42 per cent) to settle for the day at 5926.22 points. Unlike the intra-day ... More

IPOS
Four Soft IPO opens on Feb 16 — Issue priced at Rs 20 premium; to fetch Rs 20 cr
FOUR Soft Ltd, a Hyderabad-based software company, is launching an IPO of 79.5 lakh shares of Rs 5 each, at premium of Rs 20, aggregating Rs 19.875 crore. Post-issue, the equity share capital of the company would grow to Rs 15.86 crore from Rs ... More

Petronet LNG stakes claim for 10 pc equity in Ras Gas train — Public issue to open on February 19
PETRONET LNG Ltd (PLL) is hitting the market with an IPO of 26.1 crore equity shares of Rs 10 each on February 19. This will account for 34.8 per cent of the company's paid-up equity where at least 80 per cent would be available for the retail ... More


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Top Stories
Participation in derivatives
MFs can invest up to 50% of net asset: SEBI


New dredging policy in muddy waters — Dredging Corporation IPO may be hit

LIC collects Rs 2,021 cr from pension, group schemes

From Green to Grey Revolution

PM dedicates 3 power projects to nation

Foreign flag ships chartering — Exporters unaware of cancellation of pre-approval norms

Looking back
Feb. 1-Feb. 7
Private bank stocks lose sheen

MIPs - are investors aware of risks?

Govt lists public offers in 6 PSUs

Strong buying in index heavyweights


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