Business Daily from THE HINDU group of publications
Saturday, July 29, 2006
Markets (July 28)
BSE Sensex10680.23(-61.36)
S&P CNX Nifty3130.80(-25.35)
US Dollar (Buy/Sell)46.70(-0.14)


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MARKETS

NEW FUND OFFER
Kotak MF launches close-ended debt scheme
Kotak Mahindra Mutual Fund has announced the launch of Kotak Twin Advantage Fund Series III, a close-ended debt scheme that aims to provide safety of debt and payoff of equity, an official statement said. The new fund offer opened on July 27 ... More

MUTUAL FUNDS
Rate hike fails to impact debt funds
Markets have discounted the hike, say managers More

STOCKS
ICICI Bank to sell 19% stake in ARCIL to US co Och-Ziff
Och-Ziff to buy 1.9 cr equity shares More

Promoters offload 2.54 pc stake in McLeod Russel
Capital International of Singapore buys at Rs 100 a share More

Balaji Amines gains on bonus hopes
Rumours of a bonus issue have been dogging the counter of specialty chemical company Balaji Amines that closed at the upper circuit levels on the BSE on Friday . The stock closed up 20 per cent at Rs 215.50 on the BSE. The counter has gained ... More

AIA Engg: Betting on fundamentals
The counter of AIA Engineering has gained almost 11 per cent week on week on the BSE. The stock closed at Rs 585.60 on the BSE. Strong fundamentals is driving interest at this counter, say analysts. AIA manufactures high chrome mill internals, ... More

TECHNICAL ANALYSIS
Bull run arrested
Friday's trading activity arrested the bull run. The sentiment reading of the tradable counters turned marginally bearish. Bear move on Monday is likely to further strengthen the bearish sentiment with additional counters. On the contrary it is ... More

COMMENTARY
Bulls' momentum runs out of steam
More

ECONOMIC OFFENCES
SEBI lifts new demat account ban on 3 entities
Issue not a closed chapter as enquiry continues More


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