The Hindu Business Line : Wednesday, April 20, 2005

ING Vysa launches mid-cap fund
ING Vysya Mutual Fund launched its mid-cap fund on Tuesday. This open-ended equity scheme seeks to provide long term growth of capital at controlled level of risk by investing primarily in the mid-cap stocks, according to company officials. The ... More

Chola Mutual launches global fund
MUMBAI: Chola Mutual Fund on Tuesday launched the Chola Global Advantage Fund. The fund seeks to invest in Indian companies that are expanding globally and are expecting at least 20 per cent of their turnover to come from export ... More

STOCKS

TCS triggers fall — Sensex sheds more in volatile trading
STOCK markets shifted momentum mid-trade, after TCS announced results, to close with a loss of 21.92 points. The bourses opened strong on Tuesday with many counters witnessing value buying. However, when TCS revenue and profit announcements ... More

TECHNICAL ANALYSIS

Initial gains not held
BULLS gained control of the initial hours of Tuesday's trading. Thereafter, bears made a strong comeback and took charge of the day's proceedings. The initial move led to the termination of downtrend in few tradable counters. However, the ... More

STOCK MARKETS

Essar Steel down on revamp blues
THE stock price of Essar Steel has been witnessing a declining trend over the last few days. The stock is down from its recent top of Rs 70 last month. In the last one week, it has fallen by more than 25 per cent. On Tuesday, the stock was ... More

Nestle, Colgate shine in depressed market
IN a depressive and volatile market condition, the FMCG stocks - Colgate-Palmolive and Nestle - smiled as investors took a bite at them. According to Mr Ashish Kapoor, a sector analyst at Anagram Stockbroking, the environment seems ... More

DERIVATIVES MARKETS

Positive outlook for OBC, Ranbaxy
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: OBC: The April futures contract closed at 281.65. Buy the April contract if it trades above 280. The upside target range is 286-289. Place a ... More

FOREIGN INSTITUTIONAL INVESTORS

BSMA picks 7.5% stake in Adlabs
INTERNATIONAL firm BSMA Ltd has acquired a 7.5-per cent stake in Adlabs Films Ltd for $6 million. The investment was made at Rs 150 per share. The proceeds of this deal will be used towards expansion plans of the multiplex division of Adlabs. ... More

COMMENTARY

Sensex tumbles as TCS disappoints market
EARLY trades at the stock market seemed to indicate that it had recovered its moorings on Tuesday after the freefall of the previous few sessions. However, what looked like a promising rebound was short-lived as a strong bout of profit booking ... More

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