MARKETS
MUTUAL FUNDS
SBI Mutual to launch new scheme focussing on emerging sectors
SBI Mutual Fund will launch a new scheme next month to invest in emerging sectors such as business process outsourcing, auto ancillaries and biotechnology, a top company official has said. "We are launching in August an `Emerging Sector Fund', ...
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Birla MF plans to launch Index Enhancer Fund benchmarking Nifty
BIRLA Mutual Fund has lined up a scheme that will invest in the Nifty stocks with a view to outperform the index. The proposed Birla Index Enhancer Fund, once cleared by SEBI, will be an open-ended scheme aiming at long-term growth of capital by ...
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STOCKS
Bright Star stake up in VST by 2 pc
BRIGHT Star Investments Pvt. Ltd has acquired 3,10,273 shares of VST Industries Ltd amounting to 2.01 per cent of VST's paid-up equity. Following the fresh acquisition, the holding of Bright Star stood at 36,42,297 shares, translating into ...
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TECHNICAL ANALYSIS
Lacklustre movement
FRIDAY'S lacklustre movement resulted in initiating the downtrend in few tradable counters. However, the sentiment reading of the top-10 counters remains bullish. If bears were to take charge of Monday's trading, the sentiment reading is likely ...
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STOCK EXCHANGES
CSE willing to provide critical info to members
MEMBERS of the Calcutta Stock Exchange (CSE) are finally getting a response from the bourse authorities regarding some of their long-pending demands. On Friday, the CSE management said that it would provide them with critical information in ...
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STOCK MARKETS
Colgate ends strong on funds' buying
THE Colgate Palmolive stock on Friday moved up by over seven per cent on the NSE and the BSE. According to market sources, the stock attracted some institutional buying. It is part of the sectoral attention that the FMCG stocks got today, a ...
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Medicamen Biotech jumps 85 per cent in a week
IN the list of small cap companies without strong financials, a stock that is witnessing increased interest is the Delhi-based Medicamen Biotech. The stock price of the company has increased almost 85 per cent in just over a week's time. The ...
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Sailing along
AFTER excellent results by Tata Steel, market focus has now shifted on to SAIL. Dealers said the company is likely to report a strong first quarter results. Other than the strong financial results, the company is also likely to come under the ...
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DERIVATIVES MARKETS
Outlook positive for HCL Tech
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: Maruti Udyog: The stock closed at Rs 425 in the spot market. The outlook appears negative. The downside price target is Rs ...
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REGULATORY BODIES & RULINGS
SEBI tells Rolta to follow accounting norms
The company has been advised to discontinue its practice of including the cost of self assembled capital equipment and not to adopt, in future, any accounting practice inconsistent with relevant Indian and International Accounting ...
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COMMENTARY
Cement, steel stocks shine in dull day
STOCKS belonging to the cement and the steel sectors exhibited firm trends on what was otherwise a day of range-bound trade during the last session of the week. The BSE Sensex oscillated within the 5030-5080-point band during intra-day trade; ...
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IPOS
TCS to use IPO proceeds for `significant' buys
TATA Consultancy Services has said its upcoming initial public offer (IPO) would give it a leverage to go for "significant" acquisition deals, as part of its growth strategy. "As far as the inorganic route for growth in concerned, we have now, ...
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