The Hindu Business Line : Thursday, August 18, 2005

Pru ICICI Mutual Fund plans close-end equity scheme
CLOSE-END equity fund is being brought back to life, thanks to a move by Prudential ICICI MF to come up with a five-year product. The proposed Prudential ICICI Fusion Fund will have a diversified portfolio aimed at generating long-term growth ... More

TECHNICAL ANALYSIS

Bear run arrested
THE bears maintained their pressure over the initial hour of Wednesday's trading. Later on, the bulls made a strong comeback and gained control of the day's proceedings. The day's market action had less impact on the top-10 tradable counters. ... More

STOCK MARKETS

FIIs send markets on a bull run; Sensex gains 91 points
WHEN foreign institutional investors are in full flow, nothing, it seems, will come in the way of the bulls. In what has over the last two months become a mundane development, the markets witnessed yet another record-breaking day on Wednesday, ... More

`Buy' vogue buoys it
KAMAT Hotels is proving to be a big favourite of investors in the hospitality sector. The stock has been on an upswing and touched its 52-week high of Rs 129 on Wednesday. Dealers said that several brokerages have recommended the stock to ... More

FOREIGN INSTITUTIONAL INVESTORS

FII buying lifts ONGC
THE shares of Oil and Natural Gas Corporation rose by almost 5 per cent in Wednesday's trading due to active FII buying as they feel the stock is under-valued in the wake of firm crude price. In Wednesday's trading, the stock closed at Rs ... More

COMMENTARY

FII flows, retail participation fuel positive sentiment
THE bulls were back in action on Wednesday and drove the benchmark indices to all-time highs. Sustained buying activity for most part of the session helped reverse the weakness witnessed in the last three trading sessions. More

IPOS

Bombay Rayon plans IPO
BOMBAY Rayon Fashions Ltd is embarking on an expansion plan involving an investment of Rs 161 crore. To part-finance the project, the company proposes to enter the capital market for which it has filed an application with the Security and ... More

Vivimed Labs lists at 200% premium to IPO price
THE stock of Vivimed Labs, a specialty chemicals and pharma company, today made its debut on the stock market at more than 200 per cent premium to the issue price of Rs 70. More than the issue price, the traded volumes in the counter surprised ... More

ECONOMIC OFFENCES

Ketan Parekh ordered to pay Rs 207 cr to Bank of India
IN a ruling passed on Wednesday, the Debt Recovery Tribunal has ordered Mr Ketan Parekh to pay Rs 124 crore plus interest, aggregating Rs 207 crore, to Bank of India, on account of the Rs 137-crore pay-order scam in 2001, said a press release ... More

INVESTOR PROTECTION