Financial Daily from THE HINDU group of publications
Saturday, August 13, 2005
Markets (August 12)
BL 2502395.85 (-13.15)
BSE Sensex7767.49 (-49.02)
S&P CNX Nifty2361.55 (-19.35)
US Dollar (Buy/Sell)43.49/43.62
Gold Std (10 gm)6360 (+115)

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MARKETS

PRIVATE PLACEMENT


Binani Industries to offload part stake in cement arm
BINANI Cement, a wholly owned subsidiary of Binani Industries, is likely to place around 25 per cent equity stake with private equity investors. "A few investors have shown interest in picking up stake in Binani Cement," said Mr Sunder Rajan, ... More

FINANCIAL SERVICES


Angel broking house in AP upbeat on expansion
HAVING emerged as the fourth leading stock and commodities broking house in Andhra Pradesh in the retail segment, Angel Group, the Mumbai-based player, has chalked out expansion plans for the State. Addressing newspersons here on Friday, the ... More

MUTUAL FUNDS


Principal Mutual betting on PSU banks for expansion
PRINCIPAL Mutual Fund says it is looking at a "customer-oriented" rather than "distributor- oriented" strategy to grow its mutual fund business. It hopes to route a larger proportion of its mutual fund sales through public sector banks. "They ... More

TECHNICAL ANALYSIS


Bears reign
BEARS gained control of Friday's trading activity. The day's market action resulted in terminating most of the uptrend counters in the list. The sentiment reading of the tradable counters stands neutral. Further bear pressure on Tuesday is likely ... More

STOCK MARKETS


Sensex hits new high intra-day, closes lower
THE stock markets paused for a breather on Friday as several counters witnessed profit booking. Though the Sensex breached a new high of 7861.26 intra-day, it ended trade with a loss of 49.02 points at 7767.49. The Nifty traded in the red all ... More

Ind-Swift Lab jumps on order talk
IND-SWIFT Laboratories on Friday rose sharply along with huge trading volumes. The stock rose 13.87 per cent at Rs 225.15 on the BSE with volumes of 20.86 lakh shares; on the NSE, it closed at Rs 226.10, up 15.15 per cent, with volumes of 17.24 ... More

COMMENTARY


Pharma stocks stage a comeback
THE strong recovery witnessed in the bourses on Thursday was replaced by extreme volatility on Friday with the bears pulling the indices down towards the closing session of trade. While initial buying interest impelled the Sensex marginally ... More

IPOS


Era Constructions sizzles
ERA Constructions (India) today created a price spiral with huge volumes for buying by certain overseas funds. The stock finished 12.28 per cent up at Rs 112.45 with a traded quantity of 18.24 lakh shares on the BSE. The stock has moved up over ... More

HT Media fixes IPO price at Rs 530
HT Media Ltd has fixed its issue price at the top end of the price band at Rs 530 per share. HT Media Ltd had entered the capital market with an issue of 69.95 lakh shares through a book building process. The issue was subscribed by 17.80 ... More

IDFC lists at 76% premium
INFRASTRUCTURE Development Finance Co Ltd (IDFC) made its debut on the National Stock Exchange with the opening price of the stock being 76 per cent higher than the issue price of Rs 34. The stock opened at Rs 60, touched a high of Rs 72.40 ... More


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