The Hindu Business Line : Thursday, September 15, 2005

When discount was sought to buy demat shares!
HOW many of you are holding the shares of obscure companies whose stock price was not even worth looking at for years? But now with the indices climbing, all kinds of stocks have started soaring. But try selling the shares in paper form and ... More

Wealth management concept picking up
Equity investment has emerged as a `necessity' and individual investors today felt much more comfortable with investing through MFs. More

MUTUAL FUNDS

Scope of MF participation in derivatives enhanced: SEBI
The Securities and Exchange Board of India (SEBI) has announced that it has enhanced the scope of mutual funds' participation in the derivatives market. The capital market regulator on Wednesday said it has permitted mutual funds to participate ... More

Alliance Cap hires HR co to help staff move on
ALLIANCE Capital MF, which will shortly see its schemes migrate to Birla MF, is learnt to have mandated a HR company to help its employees cope with the transition. According to information available, the consultant has worked out an elaborate ... More

STOCKS

Infotech bags big GIS deal from KPN
INFOTECH Enterprises Ltd announced on Wednesday that it has been awarded a GIS (geographical information systems) contract by KPN, a leading player in the Dutch telecommunications market. An offshore production team of around 300 data ... More

TECHNICAL ANALYSIS

Initial gains not held
BULLS extended further pressure over the initial hours of Wednesday's trading activity. However, during the later session, bears managed to gain handsomely. The sentiment reading of the tradable counters stands mildly in favour of the bulls. Bear ... More

STOCK MARKETS

JK Corp's new avatar valued afresh
JK Corp, in its proposed new avatar as JK Lakshmi Cement Ltd, a pure cement player after restructuring, is being valued afresh by the market. The stock on Tuesday moved up by 2.66 per cent to close at Rs 79 after creating its new 52-week high ... More

LIC to focus on infrastructure stocks
LIFE Insurance Corporation, which plans to invest Rs 10,000 crore more in shares, will focus on infrastructure stocks, said the Chairman, Mr A.K. Shukla. LIC has decided to raise its exposure to equity from 8 to 10 per cent. Mr Shukla, ... More

High interest on expansion plans
EXPANSION plans of Suryajyoti Spinning Mills have led to high interest in the scrip. The company has announced production expansion in a phased manner. Phase I would involve an investment of Rs 45 crore for adding 25,000 spindles in its Andhra ... More

T & Z groups account for 25 pc of BSE volumes
WITH stock prices touching new highs every day, there has been a sudden increase in trading volumes in the shares of companies that have weak fundamentals and those not complying with the listing norms of stock exchanges. A good indicator of ... More

FOREIGN INSTITUTIONAL INVESTORS

SEBI yet to decide on appealing against SAT order on UBS
THE Securities and Exchange Board of India is yet to decide on appealing against the Securities Appellate Tribunal (SAT) order on UBS. Last week, SAT overthrew SEBI's order that banned UBS from issuing participatory notes for one year for ... More

Shyam Cellular to sell 7.95% in NDTV to General Atlantic at Rs 116 crore
SHYAM Cellular Infrastructure Projects Ltd's agreement to sell its 7.95 per cent stake in New Delhi Television Ltd (NDTV) to General Atlantic LLC has been valued at Rs 116.06 crore, informed sources said. The company would sell 48,36,000 ... More

REGULATORY BODIES & RULINGS

SEBI to allow 4-month gap between board meetings
The stipulation of a three-month time gap between two board meetings actually ended up limiting the time available for companies to release end-of-the-year audited accounts, especially if the previous board meeting had already been held say, a month before the close of the financial year. More

COMMENTARY

Reliance, ITC snap 10-day rally
AFTER a record 10-day winning streak, the stock market went through a turbulent phase on Wednesday. The 4.48-point decline in the Sensex does not quite reflect the volatility witnessed during the day's trading. After hitting a new peak of ... More

CARTOON