The Hindu Business Line : Friday, June 03, 2005

Kotak Mahindra launches contra fund
KOTAK Mahindra Mutual fund launched its open-ended contrarian equity fund, Kotak Contra. The fund seeks to invest in fundamentally sound stocks that are overlooked by the market and are waiting for their value to be discovered. The contra ... More

Birla Sun Life unveils GenNext fund
BIRLA Sun Life Mutual Fund is betting on the consumption spree that Generation Next is expected to indulge in for its new equity fund. The Birla India GenNext Fund is a thematic fund that targets equities of companies that are expected to benefit ... More

TECHNICAL ANALYSIS

Bear domination
BEARS gained control of Thursday's trading activity. The sentiment reading of the tradable counters stands bearish. Bull domination on Friday has the potential to change the sentiment reading in their favour. On the contrary, the prevailing ... More

STOCK MARKETS

Bull run trips over metal, oil price worries
BULLISHNESS in stock market hit a roadblock on Thursday with metal and oil prices adding to the worries of the bourses. The benchmark indices, Sensex and Nifty, shed 1.10 per cent each during the day's trading, while BSE's Metal index lost 2.26 ... More

Siyaram gains on bonus talk
THE Siyaram Silk Mill stock is on a flight this time on an expectation of a bonus issue, according to market sources. The counter on Thursday weaved its new 52-week high at Rs 170.70 and closed at Rs 161.05, up 2.48 per cent on the BSE with a ... More

Maharashtra Scooters inches up
THE Maharashtra Scooters stock began moving up again on the hopes that the arbitration process for determining price for the Western Maharashtra Development Corporation's 27 per cent stake in the company, to be bought out by Bajaj Auto, would ... More

DERIVATIVES MARKETS

Small reversal likely in BHEL, Maruti
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE. These strategies are constructed to take advantage of small reversal in futures prices. The positions may run counter to the primary trend. ... More

COMMENTARY

Metal sector takes a beating
THE markets shot down concern of poor monsoon this year, after opening almost flat on Thursday. Selling pressure set in after reports of an expected lower than average rainfall this month. Metal stocks went for a spin for the second consecutive ... More

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