The Hindu Business Line : Saturday, May 28, 2005

SKF group reverse book building nets only 45% shares
MUMBAI: Swedish multinational SKF Group plans to de-list the shares of its Indian subsidiary - SKF India - has not received good response with only 45 per cent of the shares being offered back by shareholders of the company. The ... More

FINANCIAL SERVICES

JM Financial Mutual Fund ties up with Karvy
KARVY Computershare Private Ltd on Friday announced its association with JM Financial Mutual Fund. Under this arrangement, Karvy would act as JM Financial's exclusive registrar and share transfer (R&T) agent in India. In a press release ... More

MUTUAL FUNDS

BSE to suspend trading in SPIcE ETF
THE Bombay Stock Exchange has decided to suspend trading in Sensex Prudential ICICI Exchange Traded Fund (SPIcE) from June 1 in the wake of sharp rise in its price. SPIcE gained almost 150 per cent in the last one week. In today's trading also ... More

TECHNICAL ANALYSIS

Bulls prevail
BULL domination on Friday turned the sentiment reading in their favour. Further bull pressure on Monday is likely to strengthen the prevailing sentiment reading. On the contrary, it is likely to turn bearish. Nifty Futures ... More

STOCK MARKETS

Hind Lever gains on price hike
Index heavy weight Hindustan Lever Ltd (HLL) was among the major gainers. The stock gained 4.9 per cent at Rs 138.10 on the BSE with volumes of 18.74 lakh shares; on the NSE, it closed at Rs 138.20, up 4.66 per cent, with volumes of 52.88 lakh ... More

DEBT MARKET

US-64 bonds active in secondary market
HALFWAY into their tenure, US-64 bonds are alive and well, with investors displaying a healthy interest in trading in these instruments. The bonds, issued in June 2003 as a conversion option to holders of the erstwhile Unit Scheme 64, are doing ... More

DERIVATIVES MARKETS

Outlook may turn negative for Nifty, TCS
THE following strategies are based on Friday's trading in the derivatives segment on the NSE. Note that the risk-return trade-offs for these strategies may not be very attractive. The reason is that high intra-day volatility has led to ... More

REGULATORY BODIES & RULINGS

SEBI in pact with SFC Hong Kong
IN a move to allow Indian investors to invest in products trading on the Hong Kong market, the Securities and Exchange Board of India has signed a letter of intent with the Securities and Futures Commission (SFC), Hong Kong. Both the ... More

COMMENTARY

Longest winning streak in 8 months for Sensex
RALLY in global markets, strong performance of ADS on Nasdaq and sustained buying interest in the frontline stocks helped the Indian markets end the week with smart gains. With a gain of 36.9 points, Sensex witnessed its longest winning streak ... More

IPOS

Uniply to come out with Rs 12-cr public issue
UNIPLY Industries Ltd is coming out with a public issue to raise Rs 12 crore to fund its expansion of veneers and plywood manufacturing capacities. The issue planned for June 9 will be of 5 million equity shares of Rs 10 each at a premium of Rs ... More

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