Financial Daily from THE HINDU group of publications
Wednesday, February 22, 2006
Markets (Feb 21)
BSE Sensex10168.11(+88.81)
S&P CNX Nifty3035.50 (+29.65)
US Dollar (Buy/Sell)44.37/44.50


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UTI MF's contra fund scheme opens today
WITH stock markets trading at all-time high levels, mutual funds are looking for value investments by launching `contra' (investments through contrarian approach) or against-the-market (ATM) schemes. The contra or ATM scheme identifies and ... More

JM Financial unveils equity fund
JM Financial Mutual Fund on Tuesday announced the launch of `JM HI FI Fund', an open-ended equity scheme that will invest in equities and equity-oriented securities of companies in housing, infrastructure, and financial services sectors. The ... More

MUTUAL FUNDS


MFs may get more leeway for overseas investments
Restrictions likely on exposure to shares of individual companies

THE Government could soon announce a more liberalised overseas investment regime for the mutual fund industry with the rider that fund houses would have to comply with stringent regulatory restrictions on exposure to shares of individual ... More

CanBank MF to pay 40 pc for taxsaver
CANBANK Mutual Fund has announced a dividend of 40 per cent in Canequity Taxsaver scheme. A press release by the Canbank Mutual Fund said here on Tuesday that March 16 has been fixed as the record date for income distribution. All the unit ... More

Bank of India to distribute HDFC mutual fund schemes
BANK of India has signed an agreement with HDFC Asset Management Company to distribute its mutual fund schemes across India. As per the agreement the bank will offer mutual fund products in about 300 branches to begin with. The bank has ... More

STOCKS


Reliance Capital Ventures gets listed on BSE, NSE
RELIANCE Capital Ventures Ltd got listed on the BSE and the NSE on Tuesday, thus becoming the first of the demerged companies of the group to get listed on the stock exchanges. On the BSE, RCVL got listed at Rs 24.8 before closing at Rs 22.35. ... More

TECHNICAL ANALYSIS


Bulls prevail
BULLS prevailed over Tuesday's trading activity. The sentiment reading of the tradable counters changed to bullish. Bear pressure on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish ... More

STOCK MARKETS


Fund buying lifts Sensex 88 points
PUTTING aside the bird flu scare, the stock markets continued their upward journey on Tuesday on short covering and fund buying, dealers said. The BSE Sensex hit a new all-time high mid-way through the session to touch 10195.51, before settling ... More

HK Finechem: Growth hopes
H K FINECHEM, which is understood to be an accumulation target of some market players, on Tuesday, shot up with volumes on the BSE. The counter closed at Rs 53.70 on the exchange with a gain of around 10 per cent. Traded volumes on the BSE were ... More

REGULATORY BODIES & RULINGS


SEBI fiat to exchanges on compliance by cos
THE Securities and Exchange Board of India has informed the Government that the stock exchanges are required to give their consolidated compliance reports on the revised clause 49 of the listing agreement by May 31 this year. The Union Company ... More

COMMENTARY


Positive sentiment continues
MARKETS closed on a positive note after recording strong gains for the second consecutive day. Tuesday saw the Sensex open with an eye for buying and build up on positive sentiments to reach a high of 10195.5. The final hour of trade, however, ... More

RIGHTS ISSUE


Dolphin Medical rights issue `fully subscribed'
SUBSCRIPTION to the Dolphin Medical Services 3:1 rights issue at a premium of Rs 2 per share for 1,20,45,300 shares of Rs 10 each, currently on, is "almost complete", according to sources involved with the exercise. After an extension, the issue ... More
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