The Hindu Business Line : Saturday, February 05, 2005

Pantaloon's pref allotment to Bennett Coleman
PANTALOON Retail (India) Ltd has informed the Bombay Stock Exchange that at an extra-ordinary general meeting of the company held on February 4, the shareholders approved the preferential issue of 9,53,653 equity shares of Rs 10 each at a premium ... More

MUTUAL FUNDS

UTI Mutual plans to launch dividend yield scheme
UTI Mutual Fund has lined up a scheme to focus on high dividend yielding stocks. Dividend yield will be considered `high' if it is greater than the dividend yield of the Nifty last released by the National Stock Exchange. The scheme, with the ... More

Escorts MF to launch liquid plan
ESCORTS mutual fund is launching its liquid plan and has filed the offer document with the Securities and Exchange Board of India. The primary investment objective of the scheme is to provide income and liquidity, consistent with the prudent ... More

TECHNICAL ANALYSIS

Bull run arrested
BEARS were successful to the extent of restricting the bulls from making further gains. Neither the bulls nor the bears could gain much from the day's trading. The sentiment reading of the tradable counters continues to remain strongly bullish. ... More

STOCK MARKETS

JM Financial — retail foray ticks up interest
JM Financial, a company into distribution of capital market products, has been in the limelight over the last few days. In the last two trading sessions, the stock price of the company has gained over 30 per cent. Dealers said the sudden ... More

Expectations of hike in offer price boost ACC stock
SHARES of Associated Cement Company (ACC) today closed above the open offer price of Rs 370 announced by Swiss cement major Holcim to the shareholders of the Indian company. The open offer is slated to commence on March 9. In today's trading, ... More

Better growth hopes lift Crest Animation
THE stock markets appear to be confident of Crest Animation Studios' performance in the coming quarters as seen in the renewed interest in its shares. In the last five sessions, shares of Crest Animation have risen by 20 per cent. Today, ... More

DERIVATIVES MARKETS

Outlook may turn negative for BPCL, Infosys
THE following strategies are based on Friday's trading in the spot and the derivatives segment on the NSE: BPCL: The stock closed at Rs 453 in the spot market. The outlook may turn negative if the stock trades below Rs 448. In the event, ... More

FOREIGN INSTITUTIONAL INVESTORS

Mid-cap stocks sizzle on FII interest
MID-CAP stocks sizzled at the bourses on Friday with NSE's Mid-cap Index touching its all-time high. The 200-stock mid-cap index gained 29.25 points intra-day to touch a record level of 2724.95. The index shed a little towards the end of the day ... More

10 FIIs buy into Dena Bank stock
THE Dena Bank public offer was oversubscribed 12 times, Mr Anil Khandelwal, Chairman and Managing Director, said. About Rs 2,600 crore was collected. Both retail and FII participation were strong. 5,22,000 retail applications were received. ... More

COMMENTARY

Markets take a breather
AFTER pushing the Sensex well past the 6,600 mark again on Thursday, the bulls took a breather on Friday. The markets ended on a flat note, although after a rather volatile trading session. The BSE Sensex closed 1.74 points lower at 6618.23, ... More

IPOS

Hutch consolidates operations — Brings mobile biz under single entity
THE Hutchison Essar group has consolidated its mobile interests under a single entity Hutchison Max Telecom Ltd in preparation for a domestic initial public offer later this year. Although this has happened hot on the heels of the hike in FDI ... More

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BSNL challenges TDSAT order on extending tariff cut to pvt operators

Pantaloon to pick up 49 pc stake in Planet Sports for Rs 14. 2 crore

Inflation declines on cheaper food, edible oils

Market intervention to hold prices — Procurement may cost Cotton Corp Rs 325 cr

Nirma, Henko also to cost more

Vegoil imports increase

Ministry cuts cargo charges for coastal vessels by 40 pc

In Focus

BHEL Disinvestment