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Thursday, March 11, 2004

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MUTUAL FUNDS
MFs unlikely to face redemption pressure
UNLIKE in the past, this March would be an easy ride for mutual funds. The pressure on redemptions — corporate and retail — is anticipated to be low this March, according to fund managers. In March 2003, the mutual fund industry ... More

TECHNICAL ANALYSIS
Bears prevail
THE sentiment reading of the tradable counters stands bearish. Bull domination on Thursday is likely to neutralise the sentiment reading. Otherwise, the prevailing bearish sentiment is likely to be further strengthened. Nifty futures ... More

STOCK MARKETS
Ratio talk props it up
AFTER a long wait, the merger of Burroughs Wellcome with GlaxoSmithKline Pharma is all set to happen. However, the main concern for the market is the merger ratio between the two companies. If the market talk is to be believed, the ratio is ... More

Cheaper valuation attracts interest in standalone refinery stocks
THE stocks of standalone refineries such as Kochi Refineries, Chennai Petroleum and Bongaigaon Refinery today attracted immense interest from a section of investors on major bourses. "The main reason for the renewed attraction appeared to be ... More

FII interest props up Jaiprakash Ind scrip
THE stock of Jaiprakash Industries has been scaling new intra-day highs in the recent past, on the bourses. While the stock ended the day marginally weak on Wednesday, dealers maintain that it was more in keeping with the market pattern. "It ... More

DERIVATIVES MARKETS
Reliance Energy: Outlook negative, short March futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: Reliance Energy: The stock closed at Rs 769 in the spot market. The outlook appears negative. The downside price target is Rs ... More

COMMENTARY
Key index stocks drag Sensex down
WEAKNESS in key index stocks such as Reliance Industries, ICICI Bank and Hindustan Lever dragged the Sensex for the second day in a row. After the 80-point drop on Tuesday, the market shed a further 91 points to end the day at 5759.29 ... More

IPOS
Four Soft IPO oversubscribed
FOUR Soft Ltd., which recently came out with its IPO (initial public offer) of 79,50,000 equity shares of Rs 5 each at a premium of Rs 20 per share, has been oversubscribed by over 6 times. The company has announced it has finalised the basis ... More


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