Financial Daily from THE HINDU group of publications
Thursday, June 23, 2005
Markets (July 25)
BL 2502325.28 (+12.27)
BSE Sensex7505.60(+82.35)
S&P CNX Nifty2291.75 (+26.15)
US Dollar (Buy/Sell)43.51/43.63
Gold Std (10 gm)6085 (+35)

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Ram Info plans Bangalore, Vizag centres
RAM Informatics Ltd plans to expand into two more centres — in Bangalore and Visakhapatnam. The Bangalore centre will handle its BangaloreOne project. The company management has convened a meeting next month to seek shareholders' nod to ... More

Pitti board allots pref shares
THE board of directors of Pitti Laminations Ltd on Wednesday allotted shares and share warrants to promoters and non-promoters on preferential basis at Rs 72 a share as well as share warrant. Among the non-promoters, Sonata Investments Ltd was ... More

STOCKS


Standard Life sells 4.9 pc stake in HDFC — To invest more in insurance venture
STANDARD Life, the Edinburgh-based mutual insurer, on Wednesday sold 4.9 per cent of its shares in HDFC in the open market for over Rs 1,000 crore. This reduces Standard Life's holding in HDFC to 9.35 per cent. Of this, 1.15 crore shares ... More

TECHNICAL ANALYSIS


Bulls prevail
BULLS extended further pressure over Wednesday's trading activity. Their dominance for the third successive trading day left the bears stranded. The sentiment reading of the tradable counters stands strongly bullish. Bear domination on Thursday ... More

EDUCATION


BSE, Narsee Monjee join hands to offer new course in capital markets
BSE, in association with Narsee Monjee Institute of Management Studies (NMIMS), has launched a new management programme in capital markets. The full time programme is of two years duration and covers over 30 papers in the areas of management, ... More

STOCK MARKETS


Bull charge continues
AFTER the BSE Sensex, it was the turn of the NSE's Nifty to create history as it touched an all-time high today. The Sensex also closed at an all-time high. The S&P CNX Nifty touched 2,196.45 before closing at 2,187.35, up 17.35 points (0.8 per . More

JK Investo Trade up on value buying
THE JK Investo Trade India counter is up on higher valuations of its investments in the JK group of companies. The investment arm of the JK Group holds around 13.92 lakh shares in Raymonds, which fetches an earning per share of Rs 70. The ... More

Everest Industries gains on open offer hopes
THE Everest Industries counter is lately trending up based on the belief that an open offer for the entire outstanding stock will materialise soon. On Wednesday, the stock closed at Rs 190.75 on the NSE after reaching an intra-day high of Rs ... More

DERIVATIVES MARKETS


Small reversal likely in Bajaj Auto, M&M
THE following strategies are based on Wednesday'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

FOREIGN INSTITUTIONAL INVESTORS


Japanese investors buying heavily
JAPANESE investors have again entered the Indian equity with huge purchases during last week and this week. According to brokers, most of the FII purchases seen during the period are from investors based in Japan. They added that several ... More

COMMENTARY


Midcap, Smallcap & Bankex end weak
MARKETS continued their smart rally with the BSE Sensitive Index showing no signs of tiring out. The Sensex after opening on a flat note, quickly moved to an intra-day high of 7167.3. It later pared the early gains and closed at a record 7145.3, ... More

IPOS


YES Bank IPO priced at Rs 45
THE YES Bank IPO has been priced at Rs 45 per share as it received the maximum number of bids at this price. The IPO, which was through a book-building route, had a price band of Rs 38-45 per share. The IPO received 2,57,000 bids, resulting ... More

Nectar Lifesciences IPO subscribed 6 times
THE initial public offering of the Chandigarh-based pharma company Nectar Lifesciences Ltd to raise Rs 90 crore was subscribed 6.04 times on the opening day. According to information available, foreign institutional investors subscribed to a ... More


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