The Hindu Business Line : Tuesday, July 19, 2005

India Cements Capital branch in Namakkal shares a success story
EVERYONE knows that Namakkal in Tamil Nadu has carved a niche for itself in the industrial sector — be it road transport or poultry development. But this small town in the western part of the State has earned a name for itself for the ... More

MUTUAL FUNDS

Midcap funds changing tack to suit new index norms
MIDCAP funds are changing tack in line with the introduction of the new CNX Midcap Index, which has replaced the earlier CNX Midcap 200 with effect from today. Fund houses which use the NSE index as their benchmark, have been busy writing to ... More

STOCKS

RIL stock sees block deals worth Rs 525 cr
RELIANCE Industries stock today witnessed multiple block deals on BSE and NSE valued at more than Rs 525 crore. One deal was struck for 59.9 lakh shares at Rs 663.30 per share on BSE and another deal of 20 lakh shares at Rs 663.10 a share on ... More

IDBI sells 2 pc stake in Novopan
HYDERABAD: Industrial Development Bank of India (IDBI) has sold 1,76,266 shares of Novopan Industries Ltd (NIL), aggregating to 2 per cent of its share capital. In a communiqué to stock exchanges, Novopan said the shareholding of IDBI, ... More

TECHNICAL ANALYSIS

Bull onslaught
BULLS were in total command of Monday's trading activity. The sentiment reading of the tradable counters stands bullish. Bear domination on Tuesday has the potential to reduce the bull count by a considerable margin thereby resulting change in ... More

STOCK MARKETS

Torrent Pharma gains on new molecule talk
DALAL Street is abuzz with talk that Torrent Pharma has made a new molecule discovery under its contract research programme. According to market sources, the discovery may be worth several million dollars. Though immediate response from the ... More

Shakti Pumps jumps on M.P. Govt order hopes
SHAKTI Pumps, which has been moving up of late, today created its 52-week high at Rs 117.36 on expectation of a big order from the Madhya Pradesh Government. The stock finished at Rs 116.35, up 9.04 per cent, on the BSE. The counter's traded ... More

FOREIGN INSTITUTIONAL INVESTORS

RBI okays FII buying in Reliance Capital
MUMBAI: The RBI has issued a notification giving permission for the purchase of equity shares of Reliance Capital by foreign institutional investors under the portfolio investment scheme. The press release states that since FII holdings ... More

ASSET MANAGEMENT COMPANIES

Prudential ICICI launches Infrastructure Fund
PRUDENTIAL ICICI Asset Management launched its Infrastructure Fund today. This open-ended equity scheme seeks to invest in equity of companies belonging to the infrastructure sector, according to a press release from the fund house. The fund ... More

COMMENTARY

Sensex scales new peak on heavy buying
THE market continued to outdo itself on Monday. The BSE Sensex soared to a new high led by buying in index heavyweights, TCS and Infosys. While IT stocks stole the show, automobile, textiles and consumer goods stocks also had ... More

IPOS

MSP Steel, Nectar Life IPOs list at premium
SHARES of two companies made their debut on the stock exchanges with one at a 50 per cent premium while the other at a marginal premium to the issue prices. MSP Steel & Power, which came out with IPO at Rs 10, closed at Rs 15 on BSE that is 50 .. More

ECONOMIC OFFENCES

UBS case may go for adjudication
UBS Securities' appeal against the Securities and Exchange Board of India order banning it from issuing participatory notes could go in for adjudication, with a possible penalty of Rs 50 crore. SEBI had banned UBS Securities Asia Ltd (UBS) ... More

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