Financial Daily from THE HINDU group of publications
Thursday, August 04, 2005
Markets (August 3)
BL 2502379.25 (+4.38)
BSE Sensex7756.47 (+0.43)
S&P CNX Nifty2357.00 (+3.35)
US Dollar (Buy/Sell)43.41/43.54
Gold Std (10 gm)6170 (+25)


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MARKETS

INSIGHT


Mutual funds must invest in transparency
A large body of investors may want to take advantage of a high equity market via the mutual fund route. But with the operations of the funds not wholly transparent, people may be investing blind. This needs to be remedied. Communication and transpar ency would greatly enhance the value of mutual funds as an investment avenue, lend credibility to the promoting firms, and engender an environment for systemic stability, says A. Vasudevan. More

STOCKS


Aqua India offloads 13.79 pc stake in Jain Irrigation
AQUA India I Ltd on Wednesday sold 80 lakh shares of Jain Irrigation Systems Ltd (JISL) amounting to 13.79 per cent stake for a total of Rs 124 crore. The shares were sold in two bulk deals at Rs 155 per share on the Bombay Stock ... More

TECHNICAL ANALYSIS


Bulls prevail
BULLS maintained their pressure over Wednesday's trading activity. The day's market action resulted in triggering the uptrend in a few tradable counters. The sentiment reading of the tradable counters stands strongly bullish. Bear domination on ... More

STOCK EXCHANGES


CSE flouts deposit norms: SEBI
SEBI has observed that the Calcutta Stock Exchange (CSE) has not segregated the deposits made in base minimum capital/settlement guarantee funds (BMC/SGFs) and additional base minimum capital (ABMC) in line with regulations. This has come out ... More

STOCK MARKETS


Sensex ends flat after topping 7,800
STOCK markets rewrote records yet again on Wednesday, with the Sensex breaching the 7,800-level. At its highest point, minutes after the opening bell, the Sensex had gained 88 points to touch its intra-day high of 7,843.77. Though it managed ... More

Strong flavour for tea stocks
THE cup of happiness is overflowing for investors in tea stocks. Large or small, most tea companies are turning out decent performance numbers - a trend that has found a reflection in their valuations. Tea counters have been generally ... More

ITC: Chasing for bonus shares
SELECT investors have been accumulating shares of ITC. Dealers said interest is due to the stock going ex-bonus and spilt from next month. Investors who want to own the bonus shares are buying the shares. Dealers said post-bonus and split, the ... More

Himalya International active on growth hopes
HIMALYA International has been witnessing a huge volume surge on the BSE in the last few days. According to market sources, some players are punting on the possibility of improvement in its business. The stock recorded a traded quantity ... More

DERIVATIVES MARKETS


Small reversal likely in Rel Cap, ICICI Bank
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


`FIIs can't buy Bajaj Hindustan, TASC Pharma'
MUMBAI: RBI has notified that no further purchases of equity shares of Bajaj Hindustan Ltd and TASC Pharma Ltd under portfolio investment scheme should be made on behalf of foreign institutional investors through stock exchanges. Both ... More

Khazanah picks up 13.2% stake in Apollo Hospitals
SCHRODER Capital's TWL Holdings Ltd has sold 55.37 lakh shares of Apollo Hospitals Enterprises Ltd to Bisikan Bayu Investments (Mauritius) Ltd, by a "private arrangement", according to a notification to the stock exchanges. This amounts to 13.2 ... More

COMMENTARY


Selling pressure in last hour nullifies gains
THE markets opened with a bang on Wednesday and rallied sharply as they reached a historic high. However, heavy bout of selling activity in the last hour of trade wiped off the day's gains as the markets ended the day on a flat note. While the ... More

IPOS


FIIs to have provisions in HT Media IPO
THE HT Media Ltd's initial public offering, which opens tomorrow, will have provision for overseas portfolio investments up to a limit of 26 per cent within the minimum of 60 per cent allocation set for qualified institutional bidders of the ... More

INVESTOR PROTECTION


ICSI allowed to take part in investor protection activities
THE efforts of the Institute of Company Secretaries of India (ICSI) to be registered under the Investor Education and Protection Fund (IE&PF) seem to have yielded results. The 13-member IE&PF panel constituted by the Ministry of Company Affai More
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