Financial Daily from THE HINDU group of publications
Friday, September 02, 2005
Markets (Sept 1)
BL 2502374.33 (+6.64)
BSE Sensex7876.15 (+70.72)
S&P CNX Nifty2405.75 (+21.10)
US Dollar (Buy/Sell)43.97/44.11
Gold Std (10 gm)6285 (+35)

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MARKETS

MUTUAL FUNDS


Birla Sun Life launches Top 100 Fund — Alliance schemes to be in its fold from Sept 23
THE schemes of Alliance Capital Mutual fund will be part of the Birla Sun Life Mutual Fund portfolio from September 23. Birla Sun Life had acquired these schemes in October 2004 and has been awaiting regulatory and other clearances. Mr S.V. ... More

TECHNICAL ANALYSIS


Bull rampage
BULLS were in total command of Thursday's trading activity. Their dominance for the third successive trading day left the bears stranded. The sentiment reading of the tradable counters stands strongly bullish. Bear domination on Friday has the ... More

STOCK EXCHANGES


Net trading still on low key at stock exchanges
"FIVE years since Internet trading was launched on Indian bourses, volumes continue to be far below expectations," Mr C.J. George, Managing Director of Geojit Financial Services Ltd, said. With the additional convenience and instantaneous ... More

STOCK MARKETS


Sensex up 70 points, touches all-time high
RECOVERY in the global markets and the easing down of oil prices helped spur domestic bourses on Thursday. The Sensex, which touched an intra-day high of 7,902.19, closed at an all-time high of 7,876.15. This 70.72-point gain in the benchmark ... More

Order book, expansion plans buoy Moving Picture Co
MOVING Picture Company India seems to be on the move on expectations of a heightened activity in its order book and expansion plans. The stock on Thursday moved up by 2.30 per cent to close at Rs 24.80 after opening at its 52-week high at Rs ... More

Spanco Tele gains on acquisition talk
SPANCO Telesystems and Solutions has been a big gainer on the bourses over the last few trading sessions. Speculations of a possible acquisition of a part of its business by a large bank-backed business process outsourcing house are buoying ... More

COMMENTARY


FMCGs firm; Aug sales fuel auto stocks
THE bulls continued their march for the third day as the markets ended with strong gains. Unabated buying by FIIs coupled with active participation by retail investors contributed to the overall market buoyancy. While the benchmark Sensex closed ... More

IPOS


HT Media debuts on BSE at Rs 685
SHARES of HT Media Ltd made their debut on the Bombay Stock Exchange at Rs 685, up from its issue price of Rs 530 per share. The shares moved up to a high of Rs 731 and fell to a low of Rs 542. They ended the session at Rs 557.67. HT Media, ... More
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