The Hindu Business Line : Saturday, July 09, 2005

Fund houses pitching for built-in ELSS option
INFLUENTIAL sections of the asset management industry are rooting for alterations in all diversified equity funds so as to provide investors with a built-in ELSS (equity-linked savings scheme) option, complete with the mandatory lock-in and tax ... More

PNB open to shedding stake in UTI MF
CLOSE on the heels of State Bank of India expressing its willingness to consider taking over UTI Mutual Fund, another sponsor — Punjab National Bank — has expressed a willingness to scrutinise proposals to offload its holdings in ... More

AROUND THE BOURSES
Mastergain is now UTI Equity Fund
KOLKATA: UTI Mutual Fund has renamed Mastergain Unit Scheme as UTI Equity Fund. There will be no change in its features. The rechristening will help distinguish the scheme from other 'Master Series' products. It will also "bring clarity ... More

TECHNICAL ANALYSIS

Range-bound movement
BEARS failed to extend their pressure over Friday's trading activity. Neither the bears nor the bulls could gain much from the day's trading. The sentiment reading of the tradable counters remains bearish. Bull domination on Monday is likely ... More

STOCK MARKETS

Markets recover from London shock — Sensex gains 67 points
FINANCIAL markets put their worries behind them about the London blasts and bounced back to a `business-as usual' day on Friday. As US markets closed in the green on Thursday, it provided sentimental support to continued bullishness to Indian and ... More

Hinduja TMT finding favour among investors
ARE investors finding a new comfort level in revaluing the Hinduja TMT stock? The stock price trends seem to suggest that it has been trying to breach the resistance in the range between Rs 300 and Rs 350. Today, it finished at Rs 312.25, with ... More

Titan Ind shines on expansion plans
THE stock of Titan Industries has been buzzing around the bourses all week. The stock touched its 52-week high of Rs 454.90 on Friday and ended trade at Rs 447.95. The stock rose over 8 per cent during trade today. Overall, the stock has ... More

Jyoti Structures jumps on talk of Reliance Energy hiking stake
THE Jyoti Structures stock gained sharply on Friday on market talks that Reliance Energy, through its investment companies, could increase stake in the company. Reliance Energy Investment Pvt Ltd holds 20 lakh shares (14.47 per cent) in the ... More

FOREIGN INSTITUTIONAL INVESTORS

MosChip mulls FII cap hike
HYDERABAD: MosChip Semiconductor Technology Ltd has informed the Bombay Stock Exchange that the members of the company will consider the approval of the resolutions (through Postal Ballot) of raising of investment limit of foreign ... More

COMMENTARY

Metal, banking, pharma buoy markets
LED by the metal, banking and pharma sectors, the markets staged a smart recovery as most of the indices closed for the week on a positive note. The markets recovered a part of Thursday's losses, buoyed by the strong bullish mood that could be ... More

IPOS

AROUND THE BOURSES
IL&FS offer subscribed 29 times
MUMBAI: THE IL&FS Investsmart India, a financial services firm, IPO has been subscribed by 29.2 times. The IPO received bids for 33.28 crore shares compared to issue size of 1.14 crore shares with maximum bids (33.14 crore shares) at ... More

VENTURE CAPITAL

HI-REF announces closing
HDFC Property Fund announced the closing of its first real estate venture fund, on Friday, said a press release. Called HDFC India Real Estate Fund (HI-REF), the seven-year close-ended venture fund, which was privately placed, has a cumulative ... More

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