The Hindu Business Line : Tuesday, March 29, 2005

MFs could invest only 50% of corpus raised
MUTUAL fund houses, who were outgunning each other to launch initial public offerings for various equity schemes in January and February, are yet to fully invest the corpus raised. The first couple of months the year had some bumper IPOs with ... More

Fidelity acquires 9.23 pc stake in UTV Software
FIDELITY Group has bought 9.23 per cent equity stake in UTV Software Communications through open market purchase on March 17, the day UTV shares made their debut. UTV today informed the NSE that with this purchase, Fidelity's holding is 9.99 ... More

TECHNICAL ANALYSIS

Bear run arrested
BULLS were in control of Monday's trading activity. However, they could not gain much from the day's trading. The sentiment reading of the tradable counters remains bearish. Bull move on Tuesday is likely to change the sentiment reading in ... More

STOCK MARKETS

PNB hit by new share jitters
THE stock of Punjab National Bank has been witnessing continuous selling after the second public issue of the bank closed earlier this month. The stock price of the bank is down from high of Rs 512 touched earlier this month. On Monday, the ... More

ITC initiatives yet to impact market
THE ITC stock, after the announcement of the massive expansion plan for next five years on Saturday in both tobacco and non-tobacco businesses, initially went up in today's trading but closed marginally lower. According to dealers and ... More

DERIVATIVES MARKETS

Outlook positive for CanBank, HCL Tech
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Canara Bank: The March futures contract closed at 200.50. The outlook appears positive. The upside target is 207. Buy March futures. ... More

COMMENTARY

Infosys, ICICI Bank lead recovery
ON Monday, the market recovered to the levels that prevailed in the early sessions of last week. With the passing of Easter Sunday, the bulls re-appeared from their hibernation to send the market on a roll. The resurrection comes after ... More

IPOS

Talbros Automotive on expansion mode; plans IPO in June
TALBROS Automotive Component Ltd (TACL), a leading manufacturer of auto components is, coming out with an Initial Public Offering through a 100 per cent book-building route. The company is looking to raise Rs 50 crore through the public issue, ... More

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