The Hindu Business Line : Saturday, March 19, 2005

Fidelity selects distributors to market equity fund
FIDELITY, which plans to launch its maiden equity fund in India, has signed on a string of national-level and regional distributors to vend its scheme. The entities that have been selected so far include some of the heavyweights in the business ... More

STOCKS

Only 50% response to Malco offer
JUST 50 per cent of the minority shareholders of Madras Aluminium Company have responded to the offer made by Twinstar Holdings, the Sterlite group company, to buy them out in a bid to de-list the company. According investment banking sources, ... More

EID Parry mulls stock split
CHENNAI: EID Parry (India) Ltd has informed the BSE that the meeting of the board of directors will be held on March 21, to consider and approve the sub-division of the equity shares (stock split). ... More

TECHNICAL ANALYSIS

Bears prevail
BEARS exerted further pressure over the initial hours of Friday's trading activity. The sentiment reading of the tradable counters stands strongly bearish. Bull domination on Monday has the potential to change the sentiment reading in their ... More

STOCK MARKETS

Stock market gains towards close
ON a day of textbook trading patterns, investors bought shares that were cheap and drove the indices up to positive terrains after five days of bearishness. With the markets having slipped by over 250 points in the last five days, ... More

Skanska Cementation springs a surprise
THE Skanska Cementation India stock, which after change in overseas parent was thought to be out and over on the domestic market after an open offer in January this year, is not only alive but kicking too. The stock today built and finished at ... More

ICICI Bank's sponsored ADS priced at $21.11
This price is at a premium of 18 per cent to the closing domestic share price on March 11, which was the last date for tender of shares. The bank issued 19.2 million ADS, which is equivalent to 38.4 million equity shares. A press release from ... More

Spirited gains
THE stock of McDowell, which has been on an upswing with the news of its subsidiary Phipson Distilleries acquiring 49 per cent stake in Herbertsons, continues to gain ground. Analysts say that this acquisition lends faith to the theory that UB ... More

Shiv-Vani Oil promoters dilute over 5 pc stake — Reliance MF buys in open market
PROMOTERS of Shiv-Vani Oil & Gas Exploration Services have sold more than 5 per cent of their stake in the open market. Reliance Mutual Fund purchased most of the shares. Filing with the BSE shows that promoters of Shiv-Vani sold 12 lakh shares . More

DERIVATIVES MARKETS

Outlook may turn positive for Bank of Baroda, BHEL
THE following strategies are based on Friday's trading in the derivatives segment on the NSE: BoB: The March futures contract closed at 225. The outlook may turn positive if futures contract trades above 226. The upside target is 245. ... More

`Demystifying derivatives'
MANGALORE: The Justice K.S. Hegde Institute of Management (JKSHIM) at Nitte in Udupi district will hold an executive development programme on `Demystifying derivatives' at Nitte on March 26. A press release by the institute said here on ... More

COMMENTARY

Indices up, end five-day losing streak
POWERED by a surge in buying that commenced in the post-afternoon session, the benchmark BSE Sensex snapped a five-day losing streak to post a gain of 30.82 points on Friday. The Sensex closed at 6,700.34 points. The Nifty gained 10.65 points ... More

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