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Friday, June 11, 2004

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FINANCIAL SERVICES
Anand Rathi group opens office in Bangalore
BANGALORE: Financial services provider, Anand Rathi Group, has forayed into the southern markets by setting up its regional office in Bangalore. The office is likely to take the lead in planning clients' complete investment decisions ... More

MUTUAL FUNDS
ABN Amro MF lines up plain vanilla schemes
ABN Amro Mutual Fund has lined up its maiden schemes, all of them plain vanilla products. The fund, which has sought regulatory clearance, proposes to bring to the table an equity fund, a monthly income plan, a dynamic debt fund, a floating rate ... More

TECHNICAL ANALYSIS
Bears prevail
THE sentiment reading of the tradable counters stands mildly bearish. Bear domination on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish sentiment is likely to be further ... More

STOCK MARKETS
Investment buying boosts Glenmark
THE Glenmark Pharma stock moved up today on bourses on mild investment buying doses. The gained by 5 per cent and the volumes went up by over three times on the NSE and BSE. Of the total traded quantity on the NSE, 35.6 per cent was placed for ... More

Block deal spurs volumes
THE stock of UTI Bank witnessed huge volumes on Thursday, particularly on the BSE. Dealers said that a block deal of close to 11 lakh shares propped up the volumes in this counter. Word on the street is that the block deal occurred at around ... More

DERIVATIVES MARKETS
Outlook positive for BPCL, HCL Tech
THE following strategies are based on Thursday's trading in the spot and the derivatives segments on the NSE: BPCL: The stock closed at Rs 360 in the spot market. The outlook appears positive but the trend will be confirmed if the stock ... More

COMMENTARY
Volumes tumble as dull trend continues
THE overall lacklustre trading environment prevalent in the last few days was extended to Thursday's trading as well. While the key market indices managed to eke out nominal gains in the past three days, they closed on a weak note Thursday. ... More

ECONOMIC OFFENCES
Plan to strengthen banking sector — 2nd action report to stock scam tabled in House
IN its second progress report on the action taken on the 2001 stock market scam, the Government has said that it proposes to introduce Bills to amend the Banking Regulation Act and Securities Contract Regulation Act (SCRA) by incorporating fresh ... More


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