Financial Daily from THE HINDU group of publications
Tuesday, March 21, 2006
Markets (March 20)
BSE Sensex10941.11(+81.07)
S&P CNX Nifty3265.65 (+31.60)
US Dollar (Buy/Sell)44.45 (-0.02)


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PREFERENTIAL ALLOTMENTS


Global Assets Holding makes open offer for GTL
Global Assets Holding Corporation Pvt Ltd along with "persons acting in concert (PACs)" is making an open offer for up to 20 per cent equity stake in GTL Ltd at Rs 151 a share. The PACs are Finav Securities Pvt Ltd, Makan Investments & Trading .. More

NEW FUND OFFER


New norms on MF issue expenses
Entry load or AMC may be asked to bear the burden More

Sundaram MF launches Rural India Fund
Sundaram Mutual's new fund - Sundaram Rural India Fund - with focus on rural India was launched today. Mr T.P. Raman, Managing Director, Sundaram Mutual, said the Government's Bharat Nirman Yojna for comprehensive rural upliftment and ... More

Franklin Templeton launches diversified equity fund
To invest up to 35% in global equities initially More

TECHNICAL ANALYSIS


Bulls prevail
Bulls dominated over Monday's trading activity. The sentiment reading of the tradable counters continues to remain bullish. However, bear domination on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the ... More

STOCK MARKETS


Accumulation drives up Aban Loyd
Aban Loyd Chiles Offshore Ltd's has gone up considerably over the past few weeks on "accumulation" of its shares by foreign and domestic funds, dealers said. They said the company was also expected to do well over the next couple of years ... More

`Bonus buying' props up Sterlite
Sterlite Industries Ltd was in action on Monday after investors rushed in to buy the company's shares ahead of the announcement of record date for the proposed 1:1 bonus share issue, dealers said. They said the firming of copper prices in the ... More

Mysore Cements: On turnaround hope
Loss-making company Mysore Cements Ltd shot up by 60 per cent since February 20 on the buzz that the company was finally coming out of difficult times, thanks to the recent spurt in cement prices. Dealers said the company was also confident ... More

Priyadarshini Spinning jumps on growth plans
Priyadarshini Spinning Mills has begun to gather momentum in its forward movement on Dalal Street riding on its aggressive growth plans. The stock today finished at Rs 28.35, up 2.35 per cent, on the BSE after seeing the day's peak at Rs ... More

FOREIGN INSTITUTIONAL INVESTORS


JP Morgan investing in Andhra Cements
To pump in Rs 73 cr in G.P. Goenka group co More

INTERVIEW


Morgan Stanley goes further underweight on India
`Valuations in India are now at a significant premium to the region and to the US and global markets' More

COMMENTARY


Markets radiate optimism; metal stocks shine
More

IPOS


IPO: BSNL invites bids for advisors
Bharat Sanchar Nigam Ltd has invited bids from merchant bankers to act as advisors for its proposed initial public offering (IPO). Though the quantum of the IPO or the equity percentage that the PSU is planning to offload is not ... More
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