MARKETS
FINANCIAL SERVICES
CSE brokers demand action against defaulters
THE CSE brokers today at a meeting with two members of Parliament, Mr M.D. Salim and Mr S. Sil, demanded that the bourse authorities should actively pursue the cases against the defaulters to recover money. They also urged that the bourse ...
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MUTUAL FUNDS
MF scheme mergers leave investors with tax burden
MERGERS of mutual fund schemes are leaving investors with the burden of capital gains tax. With the industry expected to consolidate further, investors are worried about the unanticipated tax outflow that they would be forced to pay. Unit ...
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Chola MF launches two open-ended funds
CHOLA Mutual Fund has launched two open-ended funds - Chola Midcap Fund and Chola Income Plus. The initial offer period is from June 25 to July 23 2004 with the offer price of Rs. 10 per unit. Subsequently, the funds will be open on an ...
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STOCKS
BPB plans to delist India Gypsum
HAVING acquired 39.99 per cent holding in India Gypsum Ltd (IGL) from Hyderabad Industries Ltd in the previous couple of years and consolidated its total holding in IGL to 79.99 per cent, the UK-based BPB Group plans to delist the company from ...
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TECHNICAL ANALYSIS
Bull domination
THE sentiment reading of tradable counters stands bullish. Bear domination on Monday is likely to reduce the bull count to a bare minimum, thereby neutralising the sentiment reading. Otherwise, the prevailing bullish sentiment may continue with ...
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STOCK MARKETS
Revathi Equipment up on talk of Atlas Copco compensation
THE stock of the Coimbatore-based engineering company Revathi Equipment has been moving up on sustained buying interest on the bourses. The counter has appreciated by 17 per cent from aroundRs 205 on June 17 to its current level of Rs 240 on the ...
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Birla Corp gains on active buying
AFTER witnessing sharp fall in the last few weeks, the counter of Birla Corporation gained sharply on Friday. Volume in the counter also increased sharply. The stock gained 11.24 per cent at Rs 85.60 on BSE, with volume of 2.90 lakh shares, and ...
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DERIVATIVES MARKETS
Volumes take a beating in derivatives segment
TURNOVER dipped sharply at the derivative segment on the NSE to Rs 6,378 crore on Friday against Rs 10,803 crore recorded on Thursday, which saw the settlement of June month contracts. It was for the first time in June that the turnover in the ...
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COMMENTARY
Mid-caps outperform major indices
FOR the second straight day, the markets looked up. This time, the gain was across sectors such as steel, cement and telecom. A number of mid-caps too gathered momentum as the price rise was accompanied by a good rise in volumes. However, ...
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