Financial Daily from THE HINDU group of publications
Tuesday, August 23, 2005
Markets (August 22)
BL 2502386.32 (-36.44)
BSE Sensex7750.60 (-30.16)
S&P CNX Nifty2367.85 (-15.60)
US Dollar (Buy/Sell)43.57/43.70
Gold Std (10 gm)6250 (+10)

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Corporation Bank signs pact with IL&FS Investsmart
CORPORATION Bank has entered into an agreement with IL&FS Investsmart, a financial services company, for offering capital market services to the bank's customers. ILFS Investsmart will offer portfolio management services and broking services ... More

JRG Securities opens branch in Thrissur
KOCHI: JRG, a capital and commodity brokerage house, has launched its new branch office at Ollur to expand its financial services in Thrissur. The Thrissur Mayor, Mr K. Radhakrishnan, inaugurated the new office. Mr Regi Jacob, ... More

MUTUAL FUNDS


LIC Mutual plans to double AUM this year
LIC Mutual Fund, which at end-July had managed funds of Rs 2,988 crore, plans to double the figure this year, the Chief Executive, Mr N. Mohan Raj, told journalists here on Monday. Mr Raj said the new schemes would be both in equity and debt. ... More

SBI Mutual Fund unveils multi-cap fund
CLOSE on the heels of its commodity-based equity fund, SBI Mutual fund today launched a multi-cap fund that would invest a minimum of 50 per cent in equity of large-cap stocks and the rest in small and mid-cap stocks. At least 10 per cent of the ... More

STOCKS


Apollo Sindhoori listing in BSE-Indonext
APOLLO Sindhoori Capital Investments Ltd will get listed on the BSE on Tuesday, under the Indonext segment. The company, part of the Apollo group of Chennai, is into stock broking. It also offers Depository Participant services. V-SAT ... More

Danlaw Tech to issue pref shares
HYDERABAD: Danlaw Technologies India Ltd has informed BSE that the board has decided to issue 5,00,000 preferential shares through private placement at a premium of Rs 55 per share aggregating Rs 3.25 crore. At a meeting on Sunday, the ... More

TECHNICAL ANALYSIS


Bears reign
BEARS gained control of Monday's trading activity. The day's market action resulted in changing the sentiment reading to bearish. Bull domination on Tuesday has the potential to turn the sentiment reading to bullish. Otherwise, the prevailing ... More

STOCK MARKETS


Stake hike talk lifts Insilco
IS Insilco Ltd's German parent looking for increasing its stake and planning to eventually de-list the company? The stock market seems to have sensed the possible development. The stock on Monday closed at the 20-per cent upper circuit at ... More

Expansion plans push up Sybly Industries
SYBLY Industries has been witnessing increased traded volumes and making gains on the bourse. The stock on Monday registered 4.20 lakh shares on the BSE and closed with a gain of 2.1 per cent at Rs 21.90. The company has received clearance from ... More

COMMENTARY


Large-cap stocks suffer on selling pressure
BEARISH sentiment continued to plague the markets as they started the week on a negative note. Profit booking by investors kept the sentiment subdued as markets extended their losses for the third session. While the benchmark Sensex was down ... More

IPOS


`No arbitrary allotment of shares in book-building IPOs'
SEVERAL investment bankers have conceded that there is discretionary allotment of shares in the institutional investors segment (QIB) in book building IPOs, but not as arbitrary as alleged by some investors. These investors have criticised the ... More

ECONOMIC OFFENCES


SEBI hauls up everyone in Bhoruka Financial deal at Magadh SE
A PROBE by SEBI into transactions in a little-known stock, Bhoruka Financial Services Ltd (BFSL), on Magadh Stock Exchange in violation of directives, has unravelled a curious chain of events, including suspension of the (officiating) executive ... More
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