Financial Daily from THE HINDU group of publications
Friday, April 29, 2005

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More brokerages join the equity bandwagon
EQUITY broking services are attracting more players than you thought. With the expansion of business by large brokers and consolidation among the smaller ones, equity broking is undergoing a quiet change.. Companies that have traditionally ... More


Chola Mutual plans four more products
CHOLA Mutual Fund, a Murugappa Group company, has firmed up plans to introduce four more mutual fund products soon. It currently has 11 schemes and manages funds in excess of Rs 1,000 crore. The Chennai-based company has already submitted its ... More

Sahara Mutual moots another equity fund
SAHARA Mutual Fund has mooted a broad-based equity scheme for investing in companies expected to emerge as wealth builders over the long-term. The proposed Sahara Wealth Plus Fund, with the S&P CNX 500 index as its benchmark, will chiefly ... More


Bears hold sway
BEARS extended further pressure over Thursday's trading activity. The sentiment reading of the tradable counters remains bearish with no up-trend counters. Bull domination on Friday is likely to change the sentiment reading in their favour. ... More


FMCG stocks shine on turnaround hopes
JUST ahead of the announcement of quarterly results from Hindustan Lever on Friday, the stocks of most FMCG companies shot into the limelight. The active buying in the sector was seen from the rise in the BSE FMCG Index, which jumped 1.88 per ... More

Mixed feeling for housing finance cos
THE counters of housing finance companies today had mixed impact of the Credit Policy announcement. While the companies with no access to foreign currency funds dipped, the others with such access moved up. The Dewan Housing stock moved down ... More

Reverse repo rate hike pulls down bank stocks
BANKS shares fell sharply on Thursday after the RBI announced a hike in reverse repo rate by 25 basis points. Brokers and analysts said the hike in reverse repo rates indicates a rise in interest soon, which in turn could affect the banks ... More


Short reversal likely in PNB, HDFC futures
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE. The strategies are constructed to take advantage of short reversals in futures prices. The position may run counter to the primary trend. ... More


SAT functioning sans quorum
THE Securities Appellate Tribunal, which has fallen short of its necessary quorum since March 1, has now started taking up cases for final orders. Battling a pile up of pending cases, the Tribunal is disposing off the cases where both the parties ... More


Banking stocks shed considerable value
MARKETS ended on neutral territory for the day, with the BSE Sensex putting on just five points at 6284 and the Nifty adding 6 points at 1941 points. Mid-cap stocks seem to underperform the index heavyweights, with both the BSE Midcap Index ... More


Shoppers' Stop IPO
MUMBAI: The Shoppers' Stop initial public offering that opened on Thursday was subscribed by 5.29 times. The issue was sold within a few minutes of opening. The issue is priced between Rs 210 and Rs 250 a share. The total issue size was ... More
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Top Stories
Ministry to relook at BPCL, Kochi Refineries swap ratio

Reverse repo rate hike — PDs nervous, seek safety net

'No velvet glove to big defaulters'

`$500-mark for gold no longer a fancy'

Time-of-day power tariffs on the anvil

Traditional items boost export growth in April-Jan

Tea exports from South rise in 2004

Bharti Tele-Ventures Q4 net rises 44 pc

Leyland turnover crosses $1 b; net up 40 pc

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Apr. 17-Apr. 23
Mutual funds losing ground despite booming market

Shareholders seek remedy to 'trading' anomalies while restructuring

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