MARKETS
OPEN OFFERS
NewBridge, Maxwell open offer for Matrix
THE two global funds, US-based NewBridge Capital and Singapore Government-owned Temasek Holdings, have announced an open offer to the shareholders of Matrix Laboratories Ltd (MLL) to acquire a further 20 per cent holding in the Hyderabad-based Rs ...
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MUTUAL FUNDS
MF assets down by Rs 6,000 cr in March
THE "March" phenomenon has shrunk the mutual fund industry by about Rs 6,000 crore. The total assets under management stood at Rs 1.39 lakh crore at the end of the month against Rs 1.45 crore registered in February 2004. Industry players ...
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Reliance MF mops up Rs 415 cr thru power fund
RELIANCE Mutual Fund has collected over Rs 415 crore from the initial public offer of the Reliance Diversified Power Sector Fund, according to a company press release. The offer closed on April 15. The corpus was created from the participation ...
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TECHNICAL ANALYSIS
Sideways movement
THE sentiment reading of the tradable counters remains bearish. Bull domination on Wednesday is likely to neutralise the prevailing sentiment reading. Otherwise, the prevailing sentiment is likely to be further strengthened. Nifty futures ...
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STOCK MARKETS
CalPERS to enter Indian equity market
THE California Public Employees' Retirement System (CalPERS), one of the biggest pension funds in the US with assets of $166 billion, has decided to invest in the Indian equity market. The CalPERS Board of Administration decided this on ...
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Steel counters in limelight
STEEL counters today moved up on major bourses following reported buying of Tata Steel stock by LIC Mutual Fund and SBI Mutual Fund. According to dealers, the sector leaders mainly attracted value-based buying; smaller players also benefited ...
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Corporation Bank gains in strength
THE last few trading sessions have seen the stock of Corporation Bank gather strength on the bourses. Market sources maintained that the counter generally follows any rally with a lag. "As such, given that the stock is relatively less liquid ...
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Limited upswing
AFTER witnessing a sharp rise over the last few days, the counter of public sector bank Oriental Bank of Commerce (OBC) has been on the downslide. And no, there is no adverse news about the bank or poor financial results. Dealers said the FII ...
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DERIVATIVES MARKETS
Outlook positive for Reliance, Bank of India
THE following strategies are based on Tuesday's trading in the spot and the derivative segments on the NSE: Reliance Industries: The stock closed at Rs 553 in the spot market. The primary trend appears positive. In the near-term, the ...
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FOREIGN INSTITUTIONAL INVESTORS
FIIs raise stake in SSI to 30 pc
THE holding of foreign institutional investors (FIIs) in SSI Ltd has gone up to about 30 per cent for the quarter ended March 2004, from 18.34 per cent in December 2003. In the latest shareholding pattern disclosure, the new names among FIIs ...
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COMMENTARY
Steel, media & refinery stocks shine
STOCK markets remained subdued on Tuesday with both Nifty and Sensex ending the day flat with marginal gains. Sensex remained weak in the morning session trading below the 5,800-mark. Prices, however, recovered twice during the day and on both ...
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Stock Quotes
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