Financial Daily from THE HINDU group of publications
Thursday, May 11, 2006
Markets (May 10)
BSE Sensex12612.38(+98.52)
S&P CNX Nifty3754.24 (+33.70)
US Dollar (Buy/Sell)44.96 (-0.03)

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Benchmark MF lines up 2 open-ended debt plans
Benchmark Mutual Fund, which specialises in exchange traded funds, has lined up two open-ended debt schemes. Benchmark Derivative Plus Fund, which will open for subscription and redemption once a month on the last working day on an on-going ... More


This SOX hurts
SOX does more harm than good in its present form More


HDFC MF opens office in Coimbatore
HDFC Mutual Fund opened its exclusive office in Coimbatore on Wednesday. Till now it was operating from the office of HDFC here. The fund hopes that it would be able to reach out to its customers and distributors better not only ... More


BF Utilities high on realty play
BF Utilities, the wind energy subsidiary of the Kalyani group of companies, has gone up by Rs 1,500 a share (more than doubled its prices) over the last one-month period. Dealers said the Pune-based company would benefit immensely through its ... More

Reliance Natural okays FCCB issue
The board of directors of Reliance Natural Resources Ltd on Wednesday approved the issuance of zero coupon foreign currency convertible bonds (FCCBs) in the international markets up to $300 million. The issue will consist of three lakh FCCBs of ... More

SBBJ mulls stock split, public issue
State Bank of Bikaner and Jaipur (SBBJ) is contemplating a stock split and at hitting the capital market shortly. The bank, however, would have to wait for the necessary legislation (expected) to be passed in the extended Parliament session ... More

IFCI gains on turnaround story
IFCI attracted significant buying on the company's turnaround story. Its shares shot up by over 9 per cent on Wednesday to Rs 14.07, up from the previous close of 12.90. Dealers said the company was able to bring down its net NPAs to nine per ... More

Timex Watches up on growth plans
Timex Watches also hit the permitted 5 per cent upper circuit on Wednesday at Rs 40.65 on buying by investors expecting substantial rise in revenues on the company's plans to open 100 new retail stores this year, dealers said. The company, which ... More


Bulls ablaze
Bulls blazed over Wednesday's trading activity. The sentiment reading of the tradable counters remains bullish. Bear pressure on Thursday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment ... More


Varun Shipping files draft prospectus in Singapore
Varun Shipping Co Ltd has filed the draft-amended prospectus with the Monetary Authority of Singapore in connection with the proposed issue of Singapore Depository Shares by the company. The company is seeking to list its SDSs on the main board ... More


Quibbling over QIBs
The latest quip for the markets is, "Hi, QIB! Ready for QIP?" Because SEBI (the Securities and Exchange Board of India) has opened a new avenue for companies to raise funds through QIP (qualified institutional placement) with QIBs, that is, the ... More


`NSDL to seek new service providers for MAPIN'
The SEBI chief clarified that the MAPIN initiative was not abandoned at all, despite some of the issues that cropped up. More


Uptrend in Sensex continues as banking, oil stocks shine
In a relentless rally, the markets continued to march upwards. Despite concerns about valuations, the bullish trend appears to have strengthened. The expected steep correction is just not happening. The Sensex has been on an uptrend continuously ... More


Aviation cos set to tap IPO market to fund expansion
Analysts cautious on rising fuel costs, stringent competition More

Malwa Ind plans IPO
Ludhiana-based denim maker Malwa Industries Ltd (MIL) plans to come out with an initial public offer and has filed Draft Red Herring prospectus with SEBI, Mr Rishi Oswal, Chief Executive Officer and Managing Director, MIL, said on Wednesday. Mr ... More


Gangotri Textiles to raise Rs 55 cr through public issue
The company proposes to part-finance Rs 351 cr investment plan More
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