Financial Daily from THE HINDU group of publications
Thursday, January 05, 2006
Markets (January 5)
BSE Sensex9617.74 (-30.34)
S&P CNX Nifty2899.85 (-4.55)
US Dollar (Buy/Sell)44.64/44.78


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PREFERENTIAL ALLOTMENTS


M&M Financial plans pref issue
MUMBAI: Mahindra and Mahindra Financial Services Ltd will issue 40 lakh equity shares on a preferential basis to foreign institutional investors and other domestic investors at a premium. In an announcement to the BSE on Tuesday, the ... More

FINANCIAL SERVICES


IDBI Capital woos retail investors with new portal
IDBI Capital, a wholly owned subsidiary of IDBI, today launched an investment portal, www.idbipaisabuilder.in, to primarily help retail investors make informed equity-oriented investment ... More

MUTUAL FUNDS


Equity funds now focus on select mid-cap stocks
EQUITY funds have lately struck a lot of deals in the market with their activities focused mainly on select mid-cap stocks. UTI MF, Prudential ICICI MF, Franklin Templeton and a few others have been active on this front in recent days. In some ... More

STOCKS


PVR debuts with 31.5 pc gain
MUMBAI: Shares of PVR Ltd, multiplex cinema operator, made their debut on the BSE at Rs 266.35 compared to its offer price of Rs 225. The shares moved to a high of Rs 309.8 but ended the session at Rs 295.95, a gain of 31.5 per cent over ... More

TECHNICAL ANALYSIS


Unstable movement
WEDNESDAY'S market witnessed unstable movement. Still, the sentiment reading of the tradable counters remains bullish. Bear control on Thursday is likely to alter the outlook in their favour. On the contrary, the prevailing bullish sentiment is ... More

STOCK MARKETS


Sensex rally continues
STOCK prices moved up for the second day in a row with key stock indices closing at their all-time high as foreign investors continued to invest in Indian equities. At close, the BSE Sensex rose 108.71 points to 9,648.08 and the NSE's S&P CNX ... More

Sharp rise in Gujarat Ambuja trading volumes, share price — Market buzz on Holcim interest
A SIGNIFICANT spurt in traded volumes and price in Gujarat Ambuja Cement shares on the stock exchanges has given rise to market speculation that Swiss cement major Holcim could be accumulating the stock. The stock logged a traded quantity of ... More

Elder Pharma up on `buy' report
ELDER Pharmaceuticals shot up by 4.14 per cent (Rs 10.85) on Wednesday to close at Rs 273 on the BSE. It touched 52-week high of Rs 275 on intra-day. On the NSE, it touched 52-week high of Rs 275.50. Traders said a leading brokerage has come ... More

Indian Express sells 3.5 per cent stake in Mid-Day Multimedia
INDIAN Express Newspapers has sold 3.5 per cent stake in Mid-Day Multimedia in the last couple of days in the open market. At the end of September 2005, Indian Express had 10 per cent stake in the company. Filings with stock exchanges show ... More

COMMENTARY


Relentless buying keeps up northbound journey
MARKETS continued their northbound journey with the Sensex setting record for the second day in a row. Markets opened on a firm note on Wednesday. Relentless buying activity saw the Sensex hitting a century and touching the day's high of ... More

IPOS


Uma Precision IPO in April; to fund Rs 50-cr expansion
PUNE-based Uma Precision Ltd is to come out with an initial public offering in April to fund its Rs 50-crore expansion plan. Uma Precision, a manufacturer and exporter of precision assemblies, systems and machine parts for the auto and ... More

PUBLIC OFFER


Three banks plan public issue
THREE public sector banks - Bank of Baroda, Union Bank of India, and Andhra Bank - are slated to hit the market with another round of public issues shortly. While Bank of Baroda and Andhra Bank have scheduled their issues for this month, ... More

PEOPLE


Prakash Karnik joins IDFC Private Equity
MR Prakash Karnik has joined the investment team of IDFC Private Equity, the private equity arm of Infrastructure Development Finance Company, as Executive Vice-President. Mr Karnik will be responsible for investment activities of the two funds ... More
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