The Hindu Business Line : Wednesday, March 02, 2005

MF industry hails Budget
"From the Mutual Fund industry's perspective, the fact that dividend tax regime hasn't been changed, is a positive. Continuity has its advantages and I am sure that as an industry we will benefit from it. The announcements, regarding a ... More

Karvy, Reliance MF on knowledge yatra
KARVY Group and Reliance Mutual Funds are jointly organising a weeklong mobile campaign - Knowledge on Wheels - on two trailers. The Karvy Group Chairman, Mr C. Parthasarathy, and Director, Mr Yugandhar, formally inaugurated the ... More

STOCKS

Citigroup arm picks up stake in Abhishek Industries
FOREIGN investors are increasingly picking up stakes in Indian textiles players because of the huge export potential following the end of trade quotas late last year. A private equity arm of Citgroup has picked up a 7-per cent equity in ... More

TECHNICAL ANALYSIS

Bull-run arrested
BEARS gained control of Tuesday's trading activity. The day's market action had less impact on the tradable counters. The sentiment reading of the tradable counters stands mildly bullish. Bear domination on Wednesday has the potential to change ... More

STOCK MARKETS

ITC jumps on tax saving hopes
THE stock of ITC gained on Tuesday despite the in excise duty hike on cigarette in the Budget. Dealers said the interest in the counter came due to likely savings by the company on corporate taxes. ITC is one of the highest corporate taxpayers ... More

CCL Products hot on growth prospects
CCL Products in the coffee counter on Tuesday turned hot purely on fundamentals and growth prospects. The stock moved 3.5 per cent on the BSE to close at Rs 223. The traded quantity also shot up on the NSE and BSE. Around 80,000 shares changed ... More

DERIVATIVES MARKETS

Short-term trend reversal in ITC, Hindalco likely
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE. These strategies are structured to take advantage of any likely short-term price reversals. Note that the outlook can run counter to ... More

`A boost to derivative market'
THE derivative market has got a shot in the arm with the Government deciding to treat income from derivatives trading as a non-speculative income, a former President of the Coimbatore Stock Exchange (CSX) has said. The tax proposals relating to ... More

REGULATORY BODIES & RULINGS

SEBI overburdened with disciplinary cases
THE Secutities and Exchange Board of India takes on more than it can chew and is overburdened with work that can be assigned to others, opined Mr Justice Kumar Rajaratnam, Presiding Officer, Securities Appellate Tribunal. If adjudication on ... More

COMMENTARY

FMCG, capital goods, consumer durables gain
SELLING pressure brought the Sensex down by 62.78 points (or 0.94 per cent) to close at 6651.08 points, after a spectacular post Union Budget surge on Monday. The markets, which cheered the Budget with a gain of 144.14 points, took a breather ... More

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Partnership firms will have to file I-T returns

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Ashok Leyland mulls plant in North India

Net worth floor for private banks fixed at Rs 300 cr

`In the right direction for hardware sector'

Fringe tax to bite deeper into smaller IT cos

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