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Saturday, April 17, 2004

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MUTUAL FUNDS
Morgan Stanley Growth Fund sees steady climb
MORGAN Stanley Growth Fund, the closed-end diversified equity fund, is witnessing a steady climb on the bourses over the last week. Brokers attribute this to two reasons - dividend declaration and the fund's holdings in two pre-IPO scrips, ... More

TECHNICAL ANALYSIS
Volatile movement
THE sentiment reading of the tradable counters continues to remain bullish with no downtrend counters. Bear domination on Saturday is likely to change the sentiment reading in its favour. Otherwise, the prevailing sentiment is likely to be ... More

STOCK MARKETS
Pantaloon zooms on FII interest
THE stock of retailing company Pantaloon Retail was locked in the 10 per cent upper circuit on Friday. Dealers said the rise in the stock price was mainly on back of active buying from FIIs. Market talk is that a leading foreign broking ... More

Bajaj Auto moves up on growth guidance
A GOOD monsoon forecast and a reported guidance of 20 per cent growth in its motorcycle volumes for the next fiscal, saw the stock of Bajaj Auto gather strength on the bourses. Brokers maintain that the monsoon forecast has raised expectations ... More

PTC stock spurts on big deals
THE Power Trading Corporation (PTC) stock today witnessed a price spurt on large-scale buying and trading activity. There were 497 large-size deals involving 1.77 crore shares on the NSE, while on the BSE, 202 big deals involving 82.78 lakh ... More

DERIVATIVES MARKETS
Buy IOC April futures
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: IOC: The stock closed at Rs 564 in the spot market. The outlook appears positive. The near-term upside target is Rs 583. Buy ... More

FOREIGN INSTITUTIONAL INVESTORS
FII holding in Satyam down
THE foreign share holding in Satyam Computer Services Ltd has come down by a little over 3 per cent with FIIs (foreign institutional investors) paring their exposure in the company scrip even as Goldman Sachs and HSBC Global picked up ... More

EVENTS
DSE seminar on investor education
THE Delhi Stock Exchange, in association with the Northern India Regional Council of the Institute of Company Secretaries, is organising seminars on investor education. The move follows instruction from the Securities and Exchange Board of India ... More

COMMENTARY
Market bounces back on strong tech show
AFTER the sharp fall that was witnessed on Thursday, markets staged a rebound, largely on the back of a strong showing by the technology stocks within the Sensex, with the results announcement by Wipro acting as a kicker of sorts. The Sensex ... More


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