Financial Daily from THE HINDU group of publications
Wednesday, February 08, 2006
Markets (Feb 07)
BSE Sensex10082.28(+101.86)
S&P CNX Nifty3020.10 (+19.65)
US Dollar (Buy/Sell)44.17/44.30


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Motilal Oswal to divest 20% stake to strategic investor
MOTILAL Oswal Securities has proposed to offload about 20-25 per cent of the promoters' holding to one or more strategic investor. The latter may include private equity firms. The broking outfit, which hopes to utilise the proceeds to speed up ... More

NEW FUND OFFER


Quantum AMC to launch its first scheme
MUMBAI: Quantum Asset Management Company Private Ltd (QAMC) said it has received SEBI approval to act as the asset management company of Quantum Mutual Fund. It is launching its first mutual fund scheme. Quantum AMC is promoted by Quantum ... More

INSIGHT


Is the Sensex in the same league as the Dow?
NOW that the Sensex is happily ticking past the 10,000 mark, we can look around to see the other index in the same league, the Dow. It was almost seven years ago, on March 29, 1999, that the Dow Jones Industrial ... More

STOCKS


Thru stake sale in ONGC, GAIL — IndianOil plans to retire part of debt
INDIANOIL PLANS to retire part of its Rs 10,000-crore short-term borrowings from domestic and international market through the first tranche sale of stake in ONGC and GAIL (India) Ltd. The company is expected to mop up close to Rs 3,700 crore ... More

TECHNICAL ANALYSIS


Volatile movement
TUESDAY'S trading activity witnessed volatile movement. The sentiment reading of the tradable counters remains bullish. Bear pressure on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the bullish sentiment ... More

STOCK MARKETS


Accumulation drive in Zuari Industries
ZUARI Industries on Tuesday appreciated as some stock pickers are understood to have launched an accumulation drive. The stock recorded a traded quantity of 76,504 shares on the BSE, nearly the double of its 2-week average volume of 38,876 shares ... More

From 5k to 10k...
Top 4 stocks retain weightage in Sensex

THE sprint for the Sensex to the 10,000-mark from 5,000 in May 2004 has triggered interesting changes in the weightage of index constituents. During this period, the free float market capitalisation of Sensex has recorded a two-and-half fold ... More

ASSET MANAGEMENT COMPANIES


JP Morgan plans MF biz in India
JP Morgan Asset Management has said that it plans to launch a mutual funds business in India and has appointed Mr Krishnamurthy Vijayan as designate Chief Executive Officer to lead the proposed unit. The business, which is expected to be ... More

COMMENTARY


Bull run continues
THE euphoria after the stock markets crossed a key milestone - the magical, five-figure index level of 10,000 points for the Bombay Stock Exchange's Sensex - is yet to die down. But, from Tuesday's trade it seemed as though the markets have ... More

PEOPLE


T.C. Nair takes over as SEBI member
DR Thumparampil Chandran Nair took charge as whole time member of the Securities and Exchange Board of India, on Monday. Prior to this, Dr Nair was the Managing Director of Bharatiya Reserve Bank Note Mudran Ltd, Bangalore, a wholly owned ... More

TRENDS


Sensex crosses 10k on strong fund flows
SHARES continued their upward journey on strong fund flows with the Sensex closing above 10,000 points for the first time ever. The Sensex closed at 10,082.28 points, higher by 101.86 points or 1.02 per cent from the previous close. In ... More
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