MARKETS
MUTUAL FUNDS
ING Vysya plans for more MF products
ING Vysya is expected to launch products such as contract trading and option trading in the domestic mutual fund market soon, according to Mr Mike Ferrer, Regional General Manager, ING Investment Management, Asia-Pacific. These launches are ...
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UTI's India Infrastructure Fund posts 271 pc return
UTI Asset Management Company's (AMC) India Infrastructure fund, an offshore fund, has posted returns of 271 per cent in the last one year, according to a company press release. The fund is incorporated in the Mauritius and invests all of its ...
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TECHNICAL ANALYSIS
Bear-run arrested
THE sentiment reading of the tradable counters remains bearish. Bull domination on Monday is likely to change the sentiment reading in their favour. Click here for table On the contrary, the prevailing ...
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STOCK EXCHANGES
Coimbatore SE, members heading for a showdown?
THE Coimbatore Stock Exchange (CSX) and a section of its members are seem to be heading for a showdown with a CSX member calling for an extraordinary general meeting (EGM) on Friday to pass certain resolutions. The CSX termed the proposed ...
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Simplex listed on NSE
KOLKATA-BASED construction company Simplex Concrete Piles Ltd on Friday got listed on the National Stock Exchange (NSE). The equity shares of the company have been listed and admitted for dealing on the NSE at a face value of Rs 10 each, a ...
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STOCK MARKETS
Tech stocks save the day for Sensex, Nifty
THE top three tech stocks — Infosys, Wipro and Satyam Computers — saved the day for the Sensex and Nifty to an extent as investors on Friday took fancy for them. The Infosys stock closed up 5.2 per cent at Rs 5059.80 (Rs 4853.85), ...
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Selling pressure drags IPCL down
IPCL shares came under heavy selling on Friday. The stock of the company was the major loser in Nifty stocks and the volume in the counter also increased sharply from previous closing. It was down 5.98 per cent at Rs 193.45 on BSE with volume ...
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DERIVATIVES MARKETS
ICICI Bank: Outlook positive, buy March 300 calls
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: BHEL: The stock closed at Rs 588 in the spot market. The outlook appears positive. The upside price target is Rs 628. Consider ...
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FOREIGN INSTITUTIONAL INVESTORS
Fidelity hikes stake in Satyam
SATYAM Computer Services Ltd has informed the National Stock Exchange (NSE) that they have received intimation from Fidelity Investments regarding acquisition of 2,45,500 equity shares of the company by FMR Corp and its direct and indirect ...
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REGULATORY BODIES & RULINGS
SEBI norms on IDR issues soon: Bajpai
THE Securities and Exchange Board of India (SEBI) would soon commence the process of framing regulations for issuance of Indian Depository Receipts (IDRs), the capital market regulator Chairman, Mr G.N. Bajpai, said here on Friday. Speaking to ...
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COMMENTARY
Sensex ends higher on a choppy day
MARKETS witnessed volatile trading activity on Friday, as the benchmark BSE Sensex closed the last trading day of the week on a positive note. The buying interest during the last hour of the day's trading saw the 30-stock index to surge by 50.54 ...
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IPOS
BSE to rectify software glitch in IPO bids
THE Bombay Stock Exchange (BSE) on Friday said that there was over-estimation in bids for public offers through book-built issues, including that for State-owned companies. But the exchange said this was due to technical glitch in the software ...
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PUBLIC OFFER
ICICI Bank gets shareholders' nod for public issue
THE shareholders of ICICI Bank on Friday approved the proposed Rs 3,500-crore public issue at the extraordinary general meeting held at Vadodara. The issue is likely to hit the market within the first quarter of the next financial year, ...
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ECONOMIC OFFENCES
Restraint on Aftek Infosys
THE Securities and Exchanges Board of India (SEBI) has prohibited the promoters of Aftek Infosys Ltd from buying, selling or dealing in securities for a period of one year, according to a press release. SEBI had conducted investigations into ...
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INVESTOR PROTECTION
PHDCCI for revamp of investor protection norms
THE PHD Chamber of Commerce and Industries has suggested that Investor Education and Protection Fund (IE&PF) Rules should be amended to provide that the company should remit the amounts unclaimed by holders of company fixed deposits to the IE&
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