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Wednesday, December 08, 2004

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STOCKS
India Advantage Fund buys Nagarjuna shares
ICICI Venture Funds Management Company Ltd informed the bourses on Tuesday that India Advantage Fund - I has acquired 17.5 lakh shares aggregating 12.15 per cent of the total paid up capital of Nagarjuna Construction Co Ltd. The date of ... More

TECHNICAL ANALYSIS
Bears prevail
BEARS managed to gain from Tuesday's trading activity. The sentiment reading of the tradable counters stands neutral. The bear move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the sentiment reading is ... More

STOCK EXCHANGES
LS approves Bill on corporatisation of stock exchanges
THE Lok Sabha today approved the Securities Laws (Amendment) Bill, 2004 to provide for the corporatisation and demutualisation of all recognised stock exchanges. Replying to a brief discussion on the Bill, the Finance Minister, Mr P. ... More

CREDIT RATING
JP Morgan upgrades India to 'neutral' from 'underweight'
CalPERs has started investing in Indian equities. This may encourage other conservative pension funds to invest in India. More

STOCK MARKETS
Mid-cap funds sizzle, thanks to rally
MID-cap funds launched by asset management companies have been able to successfully ride the wave of the last several months. Mid-cap funds have managed to post robust returns over the last year, according to data from Value Research. ... More

NBFC stocks in limelight
AFTER banking sector stocks, non-banking finance companies' (NBFCs) stocks have now attracted the attention of stock market players. Analysts say stocks in this sector have not performed in the current rally, even as the business has grown ... More

Godrej Ind gains on fundamentals
THE stock price of Godrej Industries Ltd (GIL) has appreciated by almost 30 per cent from around Rs 87 levels as on December 1, to its current levels of Rs 113. Brokers maintain that the share price gain has been purely on account of ... More

Moser Baer jumps on fresh buying
THE Moser Baer (India) stock on Tuesday was active on emergence of some fresh buying. The stock, before closing at Rs 241.80 (Rs 235.25), touched its intra-day high at Rs 245 on the BSE with around seven times jump in traded volume. On the NSE, ... More

DERIVATIVES MARKETS
Outlook may turn positive for BPCL
THE following strategies are based on Tuesday's trading in the spot and the derivatives segment on the NSE. BPCL: The stock closed at Rs 427 in the spot market. The outlook could turn positive if the stock moves above Rs 430. The upside ... More

REGULATORY BODIES & RULINGS
Exchange for small, mid-cap cos to be operational by Jan
INDONEXT, a separate trading platform for small and mid-cap companies, will be operational early 2005, Mr G.N. Bajpai, Chairman, Securities and Exchange Board of India , has announced. It could be operational as early as January. All the ... More

SAT summons DSQ Software chief
THE Securities Appellate Tribunal (SAT) has directed that Mr Dinesh Dalmia must be present for the hearing of appeal filed against SEBI order in the DSQ Software case and must produce a valid power of attorney if their appeal has to be ... More

COMMENTARY
Mid-cap, IT indices fare better
THE markets seem to be taking a breather after a hectic run-up in the past couple of weeks. After touching the all-time high for the second time during the twelve-month period, the Sensex stocks appear to be taking a break. The popular buying ... More


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