The Hindu Business Line : Tuesday, August 30, 2005

UTI Banking Sector Fund declares 25%
THE UTI Banking Sector Fund has declared tax-free dividend of 25 per cent. A UTI Mutual Fund press release said here on Monday that this is the maiden dividend declared by the fund since its launch in March 2004. The record date for the ... More

MFs keep away from oil stocks
MUTUAL funds have now begun staying away from oil stocks on concerns over earnings with international prices testing $70 a barrel. "For the moment, we are not picking up any oil stocks and will wait for the Government's decision," some of the ... More

UTI Mutual Fund targets 20 pc growth
UTI Mutual Fund is targeting a 20 per cent growth in assets under management this year. The fund house is in the process of rationalising its existing funds to reduce duplication. It also has plans to roll out new products such as a Gold ... More

STOCKS

Promoters' associate co offloads 16% in S Kumar's Nationwide
CHAMUNDESHWARI Trading and Finance, a big shareholder in S Kumar's Nationwide, has sold more than 16 per cent in the company in the open market this month. Most of these shares were bought by HSBC. Mr Nitin Kasliwal, Managing Director of S ... More

TECHNICAL ANALYSIS

Bears prevail
BEAR domination during the Monday's trading turned the sentiment reading in its favour. Bull move on Tuesday has the opportunity to turn the sentiment reading to bullish. On the other hand, the prevailing sentiment reading is likely to be ... More

STOCK EXCHANGES

SEBI notifies on SEs' corporatisation
NOW that the BSE has completed its corporatisation and demutualisation exercise, the Securities and Exchange Board of India has passed the notification for the corporatisation and demutualisation of 10 regional stock exchanges. The ... More

STOCK MARKETS

Real estate move keeps it up
WITH markets sentiment highly hinged on real estate prospects of companies, news of land development or sale are welcomed with big moves in stock prices. One such announcement that propelled the stock to its 52-week high on Monday is that of ... More

FOREIGN INSTITUTIONAL INVESTORS

Edelweiss pools $35 m for pvt equity investments
EDELWEISS Capital Ltd has collected $ 35 million (Rs 155 crore) from overseas investors (mostly institutional). The newly-created private equity fund will invest in Indian stocks. This is the first tranche of the fund, which is expected to ... More

Jubilant AGM okays share allotment to General Atlantic
THE shareholders of Jubilant Organosys Ltd today approved the allotment of 9,90,000 equity shares to GA European Investment Ltd (affiliate of General Atlantic, LLC) at Rs 1,100 per equity share of Rs 5 each amounting to Rs 100 crore. GA currently ... More

COMMENTARY

Small-cap stocks shine amid weak condition
MARKETS closed in the red after managing to partially recoup the losses made in the early part of the session. After opening on a weak note, heavy profit-booking pushed the Sensex to an intra-day low of 7566.2. It later recovered lost ground ... More

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