MARKETS
ECONOMIC SURVEY
Seamless norms for primary market on cards
A SEAMLESS allotment procedure for the primary market without any human intervention is in the offing, according to the Economic Survey. Mentioning the problems faced by investors during the ONGC public issue, the Survey stated that a ...
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FINANCIAL SERVICES
Integrated's DP status suspended by SEBI
THE Securities and Exchange Board of India (SEBI) has suspended Integrated Enterprises' registration as a depository participant for six month starting August because the company violated relevant regulations. SEBI's order, posted on its Web ...
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MUTUAL FUNDS
AMFI for MF investments in gold, silver
GOLD, silver and other metals will be the first commodities you will be able to invest in through the mutual fund route. The Association of Mutual Funds in India (AMFI), which went into the possibility of mutual funds investing in commodities ...
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Mutual funds press for cheque writing facility
THE issue of allowing cheque-writing facility to investors in money market funds is quickly assuming bigger proportions, with the asset management industry increasingly looking at appropriate intervention from the country's banking authorities on ...
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TECHNICAL ANALYSIS
Bulls march ahead
THE sentiment reading of the tradable counters stands bullish. Bear domination on Wednesday is likely to neutralise the sentiment reading. On the contrary, the prevailing bullish sentiment is likely to be further strengthened. Nifty futures ...
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STOCK EXCHANGES
Sun TV buys land in Chennai for Rs 3.3 cr
SUN TV has purchased 10 grounds in MRC Nagar from the Madras Stock Exchange for Rs 3.3 crore. Official sources said that the deal was concluded towards the end of June. They added that the land had been originally earmarked for residential ...
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STOCK MARKETS
Jain Studios scrip doubles in five days
AT a time when most of the media companies' shares are moving in narrow range, the stock price of Jain Studios has more than doubled in the last five trading sessions. There was also rise in volumes. The stock price of the company, which runs ...
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Market remains firm ahead of Budget
STOCK prices remained firm ahead of the crucial Union Budget on Thursday even as the Economic Survey failed to enthuse the market sentiment. However, in Wednesday's trading, the BSE Sensex failed to break the crucial 5000 mark. At close, it ...
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Turnover tax loaded against Indian investors
THE Finance Ministry is considering turnover tax in the ensuing budget as a substitute for Capital Gains tax. The suggestion has been made by certain Foreign Institutional Investors who feel that the paper work required in filing Income-Tax ...
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Aluminium cos gain
SHARES of aluminium makers Hindalco and Nalco gathered strength on the bourses on the back of recovery in global aluminium prices on the London Metal Exchange and signs of a revival in demand from China. Aluminium prices on the LME had softened ...
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DERIVATIVES MARKETS
Tata Tea: Outlook positive, buy July futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: Tata Tea: The stock closed at Rs 394 in the spot market. The outlook appears positive. The upside price target is Rs 420. ...
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ASSET MANAGEMENT COMPANIES
Pru ICICI launches `Discovery Fund'
The open-ended equity fund will invest in companies that are available at a discount to their intrinsic value. The initial public offer is open from July 9 to July 23at par value of Rs 10 per unit. The fund aims to provide long-term capital ...
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COMMENTARY
Volatile market ends on a positive note
MARKETS remained volatile on Wednesday, as the benchmark BSE Sensex closed the day on a positive note. The 30-stock index rose by 27.38 points (0.56 per cent). The index opened the day on a weak note at 4919.54 points, about nine points lower ...
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Stock Quotes
SE Diary
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