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Friday, July 23, 2004

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FINANCIAL SERVICES
SAT permits Integrated Enterprises to continue operations
THE Securities Appellate Tribunal (SAT) has allowed Integrated Enterprises to continue its depository operations for now even as a final verdict is awaited on the SEBI's (Securities and Exchange Board of India) order to suspend the same for six ... More

MUTUAL FUNDS
Tax modifications spell positive for MFs
THE mutual fund industry expects positive inflows post Finance Minister's announcement, which included equity funds under the definition of "securities," and, thereby extending the capital gains tax benefit to investment in these funds as well. ... More

Reliance power fund NAV crosses Rs 10
THE power sector fund launched by Reliance Mutual Fund is finally showing signs of upward movement. With the market looking up, buoyed by the positive sentiments flowing from the Finance Minister's latest announcement, the fund's NAV has crossed ... More

TECHNICAL ANALYSIS
Bulls prevail
THE sentiment reading of the tradable counters remains bullish. Bear domination on Friday is likely to change the reading in its favour. On the other hand, the prevailing bullish sentiment may be further strengthened. Nifty futures ... More

STOCK MARKETS
PTC gains on hopes of power sector reforms
THE Power Trading Corporation (PTC) stock on Thursday witnessed over 9-fold jump in volumes on the major bourses with around 7.8 per cent jump in its price. According to analysts, a revaluation exercise is on for the power sector stocks as the ... More

B-1, B-2 scrips see rise in trading, turnover
AFTER the cut in short-term capital gains tax to 10 per cent, the number of scrips traded in the B-1, B-2 and Z categories of the BSE is on rise. Along with the rise, there has also been increase in the stock price of several of illiquid ... More

Reliance Ind firms up on global trend
THE counter of Reliance Industries was once again a major gainer among the index stocks. Stock price of the company gained 4.68 per cent at Rs 454.80 on the BSE with a volume of 49.16 lakh shares and on the NSE, it closed at Rs 454.90, up 4.74 ... More

DERIVATIVES MARKETS
M&M: Outlook positive, buy August futures
THE following strategies are based on Thursday's trading in the spot and the derivatives segments on the NSE: M&M: The stock closed at Rs 433 in the spot market. It has fallen from a recent high of Rs 525. A trend reversal appears to be ... More

REGULATORY BODIES & RULINGS
SEBI amends norms for employee stock options
THE Securities and Exchange Board of India (SEBI) has amended the Employee Stock Option Scheme (ESOS) and Employee Stock Purchase Scheme (ESPS) guidelines to include provisions of mandatory disclosures of employee compensation cost using fair ... More

COMMENTARY
Transaction tax cut brings cheer to markets
THE Government's decision to slash the transaction tax to 0.015 per cent appears to have cheered the day traders and institutional investors, as the secondary markets remained buoyant on Thursday. Good quarterly earnings recorded by some of the ... More

INVESTOR PROTECTION
Top Line Shoes: Ministry seeks details from RoC
THE little master Sunil Gavaskar could be pushed on the back-foot this time. The Ministry of Company Affairs is closely monitoring the case of the vanishing footwear company Top Line Shoes Ltd, where Gavaskar's name figures in a police complaint ... More


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