Financial Daily from THE HINDU group of publications
Wednesday, December 21, 2005
Markets (December 21)
BSE Sensex9346.24 (-48.03)
S&P CNX Nifty2826.20 (-16.40)
US Dollar (Buy/Sell)45.16/45.29



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Peninsular Capital branches
KOCHI: Peninsular Capital Market has opened five more branches this month, taking the total numberto 256. All these branches offer equity, derivative and commodity trading, IPO, mutual fund, portfolio management and depository services. ... More


AMFI, funds join hands to tackle churning of schemes by investors
THE Association of Mutual Funds in India (AMFI), the apex body of mutual funds in the country, has voiced concern about the high churning of schemes by investors and said it was "on the job" to tackle the issue. "We have had interactive ... More

Index investing lags in India
What it says is simple. No individual - lay investor or fund manager - can outperform a market index for any continuous length of time. This is because all available information - about the global and domestic economies, an industry and ... More

Anand Rathi Realty Fund raises Rs 150 cr, targets tier-2 cities
The Fund with a target corpus of Rs 500 crore will focus on partnering with developers in tier-2 cities to cater to the growing demand for quality residential space in these cities and also earmark some investments in rental income yielding ... More

MFs allowed to offer open-ended ELSS
THE Finance Ministry has set the record straight on the issue of allowing mutual funds to offer an open-ended equity-linked savings plan under the Equity Linked Savings Scheme 2005. It has now amended the ELSS 2005 to specify that a mutual fund ... More


Vimta Labs listed at NSE
HYDERABAD: Vimta Labs, the city-based testing and drug assessment laboratory, has been listed at the National Stock Exchange with effect from December 15, 2005, according to an NSE circular. The company has been listed at the Hyderabad ... More

KCP Sugar board okays stock split
THE board of KCP Sugar and Industries Corporation Ltd has approved a proposal to split the face value of its shares to Re 1 from Rs 10 a share, according to information provided by the company to the stock exchanges. The company will seek ... More


Bears prevail
BEARS prevailed over Tuesday's Trading activity. However, the sentiment reading of the tradable counters remains bullish. Bear domination on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the bullish ... More


IDBI active on acquisition hopes
THE fact that IDBI Bank is looking for a domestic bank for a possible acquisition and that the bank is negotiating with the management of a few is a good enough trigger for market speculation about the possible targets. According to market ... More


SEBI exempts Thomas Cook from making open offer
SEBI has exempted the Thomas Cook group from making an open offer in the transfer of 60 per cent stake in the India-listed Thomas Cook (India) Ltd from its group company Thomas Cook Overseas Ltd to a newly floated group company Thomas Cook ... More


IT, metal, auto, FMCG stocks pull down Sensex
THE markets took a breather after touching a record high on Monday's trading session. The Sensex, which opened on a weak note, continued to lose ground through the day, before closing 48.03 points lower at 9346.24 points. The cautious ... More


Punj Lloyd fixes IPO price at Rs 700; Tulip at Rs 120
PUNJ Lloyd has fixed its IPO price at Rs 700. The company has come out with public issue of 91.7 lakh shares, which include fresh issue of 83.5 lakh shares and the rest was offer for sale, with a price band of Rs 600-700 for Rs 10 share. The ... More


Govt not to have separate legislation for financial frauds
THE Government has decided to drop a proposal for having a separate legislation to deal with financial frauds. This has been stated in the fifth progress report on the implementation of the recommendations contained in the Joint Parliamentary ... More
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