MARKETS
MUTUAL FUNDS
Stanchart MF unveils new income scheme
AFTER HDFC Mutual Fund, it is Standard Chartered MF that has come up with the idea of an income scheme carrying the `Relief Bond' tag. This time it is a close-ended scheme titled Grindlays Relief Bond Fund. GRBF will try to secure capital ...
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JM MF to snap ties with ABN Amro
JM Mutual Fund has proposed to break ties with ABN Amro Bank, custodian for some of its schemes, and engage HDFC Bank in its place. JM MIP Fund, JM Auto Sector Fund and JM Healthcare Sector Fund will have HDFC Bank as custodian from December ...
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TECHNICAL ANALYSIS
Bulls march ahead
BULLS maintained their pressure over Thursday's trading. The sentiment reading of the tradable counters remains bullish. Bear domination on Friday is likely to change the sentiment reading in their favour. Otherwise, the prevailing bullish ...
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STOCK MARKETS
Kothari Sugars not so sweet
THE stock of Kothari Sugars and Chemicals has been losing ground steadily on the bourses. The stock, which was ruling around Rs 129 (BSE) levels as on December 13, has since then lost ground by more than 69 per cent. As per market speculation, ...
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Acquisition plans boost Wockhardt
According to brokers and analysts, the market was expecting positive news from the company in the form of an acquisition in Europe. The company is issuing foreign currency convertible bonds (FCCB) worth $110 million (including a green shoe ...
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DERIVATIVES MARKETS
Short-term price reversal likely in M&M, i-flex
THE following strategies are based on Thursday's trading in the spot and the derivatives segment on the NSE. The strategies are structured to take advantage of short-term price reversals. The recommendation is valid for only three trading ...
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REGULATORY BODIES & RULINGS
Sub-brokers must pay fees for changing firm's status
THE Securities and Exchange Board of India has clarified that fees must be paid by sub-brokers for the conversion of a firm from a proprietorship into a partnership and for mergers and acquisitions. These two cases require fresh registration ...
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COMMENTARY
Tech, pharma stocks make gains
AFTER seeming to cool off in the morning session, the stock markets continued their upward journey in Thursday's trading. The BSE sensitive index closed at 6420.4 points, up by 18 points. The S&P CNX Nifty climbed by 0.2 per cent to 2033.2 ...
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IPOS
Primary market to see robust times
THE country's primary equity market is headed for busy times. Domestic companies, state-owned as well as private, are expected to raise more than Rs 7,000 crore through equity market offerings during 2005. The amount to be raised could go up ...
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