The Hindu Business Line : Friday, September 16, 2005

What is driving the stock indices up
What is driving the Sensex to new highs? It is the contraction of risks in the Indian economy. Investors in equity foresee fewer and lower risks. Therefore, they are satisfied with a lower desired return in this foreseeable future, and are willing to pay more for equity shares in the present, says G. Ramachandran, explaining the phenomenon. More

MUTUAL FUNDS

StanChart Mutual closes equity fund ahead of last date
STANDARD Chartered MF, which had set a cap of Rs 300 crore for its new equity scheme, has closed initial subscription ten days after opening. Standard Chartered Premier Fund, with September 26 as its latest closing date, proposed to buy stocks ... More

JM Mutual eyes real estate stocks for its next scheme
JM Mutual Fund is looking at construction and realty stocks as key ingredients of the portfolio of its next scheme, details of which are yet to be revealed. There are not too many pure realty plays in the Indian market, it points out. However, ... More

TECHNICAL ANALYSIS

Bulls bounce back
BULLS bounced back from Wednesday's setback leaving the bears with no opportunity to recover. The Wednesday's mild bullish sentiment reading got strengthened. Bear domination on Friday is likely to turn the sentiment reading in its favour. On ... More

STOCK EXCHANGES

SEBI notifies schemes for corporatisation of 9 more SEs
THE Securities and Exchange Board of India (SEBI) has passed the notification for the corporatisation and demutualisation of additional nine stock exchanges. These are OTC Exchange of India, Vadodara, Jaipur, Magadh, Ludhiana, Saurashtra Kutch, ... More

STOCK MARKETS

Backward integration buoys Usha Martin
USHA Martin, a specialty steel maker, has started witnessing accumulation from select market players. The accumulation is along with the rise in stock price. In the last couple of days, the stock has increased by more than 25 per cent. On ... More

Restructuring plans fuel rally in Assam Co
ASSAM Company Ltd, the nation's first tea company which was now on the threshold of major restructuring, is moving steadily upward on the bourses. Today, as the shareholders of the company at an EGM at Guwahati approved the proposal of stock ... More

Study suggests measures to broadbase investors
IN a study on `Equity Conversion Option', jointly prepared by the Associated Chamber of Commerce and Industry (Assocham) and the research team of Harbhakti Group, it has been suggested that 20 per cent of the excess statutory liquid assets (SLR) ... More

COMMENTARY

North-bound journey resumes with vigour
BULLS were back in action on Thursday as markets closed the day with smart gains. Buoyed by relentless buying by FIIs along with continued support from domestic funds, benchmark indices appeared unstoppable as they went on to scale yet another ... More

OUTLOOK

Stocks & stars: Markets under astral sway
STARS and stocks may be as different as chalk and cheese but a section of Kolkata-based investors seems to have found a strong link between stellar movements and the stock market. That stars have a telling effect on stocks is not an altogether ... More

CARTOON