The Hindu Business Line : Saturday, July 16, 2005

Karnataka Bank denies takeover bid — 'Trading volumes under watch'
THE Chairman and CEO of Karnataka Bank, Mr Anantakrishna, has categorically refuted any corporate house accumulating the shares of the bank. Replying to queries of the shareholders at the 81st AGM in Mangalore on Friday, he said: "We have come ... More

Aurobindo chief converts warrants
HYDERABAD: Aurobindo Pharma Ltd has informed the Bombay Stock Exchange that its committee of board of directors at a meeting held on Friday has allotted 10 lakh equity shares of Rs 5 each at a premium of Rs 370 per share to Mr P.V. ... More

TECHNICAL ANALYSIS

Bulls reign
BULLS gained control of Friday's trading activity. However, they could not gain much from the day's market action. The sentiment reading of the tradable counters stands neutral. Further bull move on Monday is likely to change the sentiment ... More

STOCK MARKETS

Sensex gains 84 points
THE bulls were back in business at the bourses on Friday, with frenzied short covering in the last hour helping the indices surge over 1 per cent. On a day when it largely stayed in the green, the Sensex gained 83.84 points to close at ... More

HFCL jumps on acquisition talk
Is one of the largest global private equity funds, backed by an international bank, taking a significant stake in HFCL? According to market sources, the target acquisition price is double the Friday's closing price of Rs 23.25. Promoters, as ... More

Markets stage comeback after bear run
THE markets, which opened on a weak note, gave into pressure from the bears as the bellwether indices stepped into negative territory. The negative sentiment failed to hold on for long as the bulls stepped in from nowhere to stage a coup. The ... More

DERIVATIVES MARKETS

Small reversal likely in Reliance Ind, ONGC
THE following strategies are based on Friday'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. Protective ... More

FOREIGN INSTITUTIONAL INVESTORS

Pvt equity firms' investment surges
PRIVATE equity firms have already pumped in upwards of $650 million in the Indian market in the first five months of the calendar year. And this may end up looking like a trickle, considering the flow of leading private equity players such as ... More

FII holding in TV 18

REGULATORY BODIES & RULINGS

Allbank Fin gets SEBI nod for merchant banking
ALLBANK Finance, the subsidiary of Allahabad Bank that has been lying dormant, has been granted a merchant banking licence by the Securities and Exchange Board of India (SEBI). The company hopes to begin merchant banking activities shortly, ... More

IPOS

IDFC public offer subscribed 14 times
MUMBAI: The initial public offering of Infrastructure Development Finance Co. Ltd has been fully subscribed 14 times. The issue was subscribed within a few minutes after it opened for bidding. IDFC is raising around Rs 1,300 crore ... More

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Pvt equity firms' investment surges

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HDFC first quarter net up 21%

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