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Thursday, April 29, 2004

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FINANCIAL SERVICES
New office for Capstocks at Thiruvananthapuram
THIRUVANANTHAPURAM: The Minister for Labour, Mr Babu Divakaran, inaugurated the new office of Capstocks and Securities, a stock broking company, here. The company intends to enter portfolio management in the immediate future, according ... More

TECHNICAL ANALYSIS
Bear run arrested
THE sentiment reading of the tradable counters stands absolutely bearish. Bull domination on Thursday is likely to reduce the bear count to a bare minimum thereby neutralising the sentiment reading. Otherwise, the prevailing sentiment is likely ... More

STOCK MARKETS
Stocks rally, draw a little comfort from rollovers
STOCK markets regained their composure on Wednesday after the 213-point plunge drawing comfort mainly from rollovers of positions in the futures and options market. The 30-share BSE Sensex opened firm and rose about 35 points in early trade ... More

DSP Merrill bullish on Sensex
IRRESPECTIVE of which political party comes to power at the Centre after the current polls, the ongoing economic reforms were bound to continue, albeit with a variation in pace, according to DSP Merrill Lynch Fund Managers, amutual fund major ... More

Fund buying at lows
SOME domestic mutual funds were actively buying the shares of Chennai Petroleum and GAIL (India) at lower levels on Wednesday. According to an institutional dealer, some local funds have picked up reasonably large number of shares. Many equity ... More

Reliance closes firm after yo-yoing
THE Reliance Industries stock today remained volatile; but amid a dull market closed firm on the eve of its announcement of results for 2003-04. The counter saw 45 block deals involving 6.8 lakh shares on the Bombay Stock Exchange and 85 block ... More

DERIVATIVES MARKETS
M&M: Outlook positive, buy May futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: M&M: The stock closed at Rs 479 in the spot market. The outlook appears positive. The upside price target is Rs 505. Buy May ... More

FOREIGN INSTITUTIONAL INVESTORS
India corners 45% of FII flows into Asia in a week
INDIA attracted nearly 45 per cent of all foreign fund flows into Asia, excluding Japan, during the week up to April 21. According to latest data published by EmergingPortfolio.com Fund Research, a firm that tracks about $2.5 trillion in assets ... More

CORPORATE BONDS
BSE introduces zero coupon yield curve
THE Bombay Stock Exchange (BSE) is introducing the Zero Coupon Yield Curve with a view to launch exchange traded derivatives in the future. This is part of the exchange's initiatives towards development of debt market. According to a BSE ... More

REGULATORY BODIES & RULINGS
SEBI issues clarification on straight through processing
THE Securities and Exchanges Board of India has clarified on the procedure for Straight Through Processing (STP), which has been made mandatory for all institutional trades from July 1, 2004. SEBI flowchart details that an STP user intending to ... More

COMMENTARY
Flat end to a volatile day
THE uncertainty of the election results appears to be weighing heavy on the minds of investors. A range-bound trading session followed the steepest fall in three years. The markets remained volatile throughout the day. Select stocks registered ... More


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