The Hindu Business Line : Wednesday, June 22, 2005

Petro funds ride high on Reliance stock
THE market's euphoria over the Reliance Industries stock has come as a shot in the arm for mutual funds focused on the petrochemicals sector. Reliance, which recently touched the Rs 650-mark, has helped catapult petro funds' net asset values ... More

TECHNICAL ANALYSIS

Bull onslaught
BULLS were in total command of Tuesday's trading activity. The sentiment reading of the tradable counters remains bullish. Bear move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish ... More

STOCK MARKETS

Sensex zooms past 7,000 — Reliance stocks stay in the limelight
THE bourses continued to be buoyant with the BSE Sensex touching a new high and ending above the 7,000-point mark, as the settlement between the Ambani brothers and the advancing monsoon rains in Mumbai cheered market players. The mood in the ... More

Sesa Goa stock upbeat on strong growth forecasts
THE Sesa Goa stock is active on the bourses over the possibility of continuing strong bottomline growth this fiscal also. After last fiscal's impressive performance by this iron ore and pig iron exporter on global demand and robust margins, the ... More

Himatsingka Seide gains on retail focus
WITH the retail sector being the buzz among the market players, a stock that is being accumulated is Himatsingka Seide, a company engaged in textile business. Dealers said that Himatsingka's retail initiative called Atmosphere, which sells home ... More

Rajesh Exports to split stock
RAJESH Exports Ltd has informed the Bombay Stock Exchange that its board of directors has recommended the splitting of stock of the company from the face value of Rs 10 per share to Rs 2 per share. Following the decision, every shareholder of ... More

FOREIGN INSTITUTIONAL INVESTORS

Global funds eye mid-cap textile companies
MID-cap textile companies seem to be high on the global investor radar, in the backdrop of buoyant exports in the quota-free regime. Also, a number of domestic companies have started tapping the global markets, both for access to cheaper ... More

COMMENTARY

Bank, oil and metal stocks lead market rally
THE upbeat mood in the markets helped the BSE Sensex not only breach the 7000-mark but also close above it. Almost all the indices recorded gains, contrary to Monday's losses. Click here for table The previous ... More

IPOS

General insurers may opt for IPO route to raise capital
The IPO route is now being explored by at least two private sector insurers, especially since the Government has not relaxed foreign equity cap beyond 26 per cent. More

Yes Bank IPO subscribed 26 times
YES Bank's initial public offering, which closed on Tuesday, was subscribed 26 times, according to the NSE Web site. A total of 186.34 crore bids were received against the issue size of 7 crore equity shares. A total of 16.52 crore bids were ... More

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