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Thursday, May 20, 2004

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MARKETS

MUTUAL FUNDS
Canbank plans to float Nifty-based index fund
CANBANK Mutual Fund has lined up an index fund based on the S&P CNX Nifty of the National Stock Exchange. The offer document for the proposed scheme, CanIndex, has been sent to SEBI for approval. The fund would provide investors with the two ... More

Fine-tuning of ad campaigns
FINANCIAL companies and their advertising agencies are realising the need to fine tune ad campaigns and conform to market sentiments, especially in event of political uncertainties and vulnerable popular sensitivities. For instance, the TIGER ... More

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

STOCK EXCHANGES
BSE to invite membership in cash segment
BSE has decided to invite membership from all over the country in the cash segment (Equities & Debt) against a deposit of Rs 75 lakh, according to a press release. The membership is restricted to 100 members. Deposit based membership will be ... More

STOCK MARKETS
`Original' reformer's return cheers markets
THE securities markets bounced back to "comfortable" levels today on the expectation of Dr Manmohan Singh, "the original reformer", becoming the Prime Minister. The Sensex opened strong and shot up to 5,052 by 10.15 a.m. from Tuesday's close of ... More

Commodity stocks make gains
A PERCEPTION that metal prices would improve on the LME propelled commodity stocks like Sterlite Industries, Nalco, Hindalco, Hindustan Zinc etc to register substantial gains on the bourses. "The correction in metal stocks is more or less over ... More

Banking stocks outshine
THOUGH market sentiment was dominated by unfolding political events over the past few days, price swings have varied from sector to sector. The banking stocks showed extreme elasticity to the political developments in the few trading ... More

NDTV debuts on BSE; closes at Rs 99.40
THE New Delhi Television Ltd (NDTV) scrip made its debut on the BSE on Wednesday at Rs 101, up 44 per cent in comparison to the offer price of Rs 70 per share. It touched a high of Rs 124.85 and a low of Rs 86.65 in today's brisk trade before ... More

DERIVATIVES MARKETS
Buy Maruti, Andhra Bank futures at lower levels
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: Maruti Udyog: The stock closed at Rs 457 in the spot market. It is currently on a corrective phase to the recent decline of Rs ... More

FOREIGN INSTITUTIONAL INVESTORS
100 pc FII buying in MphasiS allowed
MUMBAI: The Reserve Bank of India has notified that FIIs can now purchase equity shares and convertible debentures of MphasiS BFL LTd up to 100 per cent of its paid-up capital through primary market and stock exchanges in India. This is ... More

COMMENTARY
Positive streak continues on political cues
EVEN as the political drama unfolded over the issue of selection of the Prime Minister by the Congress Party, the BSE Sensex reacted positively and remained upbeat right through the day's trading. The Sensex closed at 5006.10 points, 129.08 ... More


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Looking back
May. 9-May. 15
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FIIs shed ONGC over fears on new policy


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