MARKETS
MUTUAL FUNDS
Mutual funds unhappy
THE Budget does not augur well for the mutual fund industry, primarily because of the changes made in the dividend distribution tax, say asset management companies. The Finance Minister has changed the tax on dividends distributed by mutual ...
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TECHNICAL ANALYSIS
Volatile movement
THE sentiment reading of the tradable counters stands bearish. Bull domination on Monday is likely to reduce the bear count to a bare minimum thereby changing the sentiment reading to bullish. Otherwise, the prevailing bearish sentiment is likely ...
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ON THE HEDGE
Outlook positive for M&M, SBI
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: M&M: The stock closed at Rs 511 in the spot market. The outlook appears positive. The upside price target is Rs 530. If the ...
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STOCK MARKETS
Stocks recover on SEBI reassurance
STOCK prices recovered as sentiment improved today after the Securities and Exchange Board of India (SEBI) reassured investors that the transaction tax proposed by the Finance Minister will be applicable only after the Finance Bill is passed. ...
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North Block irked over protests
THE phone lines between the Finance Ministry and the Securities Exchange Board of India (SEBI) were busy on Friday as an anxious North Block watched trading deals refusing to take off in the debt market. Finance Ministry officials kept a ...
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Mixed reaction to Budget move on primary market
INVESTORS and analysts responded differently to the disinvestment announcement and the proposed investment commission and encouragement for fresh investments as proposed in the Budget. Fund managers and institutional investors felt that the ...
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Shipping stocks steer ahead
WHILE stocks of most sectors plotted an uncertain movement on the bourses in the week preceding the Union Budget, stocks of shipping companies reflected a confidence that was evident in their steady upward climb. The reason: the market was ...
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Spinning forward
TEXTILE stocks rallied sharply on Friday on the back of measures announced for the sector in the Union Budget. From readymade garment makers like Zodiac Clothing, Bombay Dyeing, to counters like Indian Rayon, Century Textiles, Raymond, Vardhman ...
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DEBT MARKET
Debt market stranded over transaction tax — Only stray deals put through
TRADING on the debt markets came to a virtual halt today as traders decided to stay away from the market in protest against the proposed transaction tax. However, there were stray deals worth Rs 430 crore on the NSE, as against the daily ...
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REGULATORY BODIES & RULINGS
SEBI to waive 16 pc interest on broker's fee
THE Securities and Exchange Board of India has decided to waive the 16 per cent interest, capped on the broker's fee (popularly known as SEBI registration fee for brokers) arrears since 1998. The waiver will be effective till a date of payment ...
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COMMENTARY
Markets rebound on strong buying activity
MARKETS, which took a beating in reaction to the budget proposal for turnover tax on securities on Thursday, rebounded on Friday. Heavy buying activity was witnessed in the shipping, auto and textile sectors. The benchmark indices surged, ...
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