Financial Daily from THE HINDU group of publications
Wednesday, June 01, 2005
Markets (July 26)
BL 2502331.81 (+6.53)
BSE Sensex7552.77 (+47.17)
S&P CNX Nifty2303.15 (+11.40)
US Dollar (Buy/Sell)43.44/43.57
Gold Std (10 gm)6050

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SKF drops delisting plans
MUMBAI: The Sweden-based SKF Group has dropped its plans to purchase its publicly held shares in SKF India Ltd after its reverse book-building exercise yielded a price that was unacceptable to it. In addition, the number of equity ... More


Tata MF launches mid-cap fund
TATA Mutual Fund launched its mid-cap fund with a target of collecting Rs 500-600 crore from 1.5 lakh investors during the initial issue period. The fund seeks to invest in 30-40 scrips that fall within the market cap requirement of CNX Midcap ... More


Bulls prevail
THOUGH bulls were in command of Tuesday's trading activity they had little impact on the tradable counters. The sentiment reading of the tradable counters stands neutral. Click here for table Bull ... More


REI Agro moves up on new biz plans
The stock of REI Agro has been attracting a lot of attention in the bourses. Dealers say that the management of the company has expressed plans for expansion of the business and this is generating interest in the stock. On Tuesday, it closed ... More

Hikal inches up on growth prospects
THE Hikal Ltd stock closed marginally up (0.77 per cent) at Rs 454 after touching the day's high at Rs 462 on Tuesday. The counter's 52-week high was created at Rs 497 on May 19 last. A section of pharmaceutical analysts seems to be ... More

JBF Industries gains on expansion plans
POLYESTER maker JBF Industries stock has been on an upward move on expectation of strong growth due to its expansion plans. JBF is expanding capacity of polyester chips by 2 lakh tonnes to 3.2 lakh tonnes with investment of Rs 170 crore. The ... More


Outlook may turn positive for Tata Motors, Hero Honda
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Tata Motors: The June futures contract closed at 424.60. The outlook may turn positive if the June contract trades above 427.75. The upside ... More


WestBridge stake in Dr Lal PathLabs
NEW DELHI: The Mauritius-based WestBridge capital Partners on Tuesday announced acquisition of 26 per cent stake in Dr Lal PathLabs, according to a company release. However, no investment figures were made available by the ... More


ITC, REL drive positive sentiment
THE markets bounced back after Monday's loss and ended in positive territory with the Sensex closing at 6715.1 points, up 0.8 per cent, and S&P CNX Nifty closing at 2087.55, up 0.7 per cent. The bullish undertone appears to have been driven by .. More


Jindal Poly Films to tap market to raise Rs 300 cr
JINDAL Poly Films Ltd is entering the capital market with a public issue to raise Rs 300 crore to fund its expansion plans. The company, which manufactures flexible packaging and metallised films, will use the proceeds of the issue to expand ... More
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