US-64 outperforms BSE Sensex: UTI
Mumbai: Unit Trust of India has said its flagship scheme US-64 has outperformed the Bombay Stock Exchange Sensex over the weekly, monthly, three-monthly period from 31 December 2001. The scheme became NAV-based from 31 December 2001.
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Kotak Mahindra MF, Redwood join hands
Mumbai: Kotak Mahindra Mutual Fund has tied up with the Pune-based consulting firm Redwood Edge for empowering its distributors. Redwood Edge has lined up a string of workshops, beginning with one in Kolkata, to be attended by Kotak's distributors.
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Bear domination continues on the bourses
Mumbai: Bears were in total command of Tuesday's trading activity. Bulls were unable to make any impact during the day's trading. However, the sentiment reading of the tradable counters continues to remain neutral.
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BSE waives off arbitration fee
Mumbai: The Bombay Stock Exchange has decided to waive the arbitration fee paid by investors while filing for arbitration against a defaulter or an existing member of the Exchange.
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Divestment talk lends glamour to state PSUs
Mumbai: Select state PSU counters are scaling new heights with significant volumes on major bourses on expectation of divestment by the respective state governments. Prominent among those are Tamil Nadu Newsprint and Papers Ltd (TNPL) and Gujarat Mineral.
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Agro Dutch up on expansion hopes
Mumbai: Agro Dutch Foods Ltd (ADFL), the Chandigarh-based mushroom manufacturing and export company, has been hogging market attention of late on reports of the company expanding its business operations by acquiring a couple of sick units.
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Amara Raja rises on auto sector revival
Mumbai: In the continuous bull run of the auto-ancillary shares, a stock that is being eyed by market players is Amara Raja Batteries. The company which is aggressive in automobile batteries is understood to have tied up with a number of OEMs.
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Outlook on HPCL negative
Mumbai: Calls on most stocks ended lower on Tuesday's trading in the derivatives segment at the NSE. The following are some buy/sell strategies based on the day's trading: Equity options: The outlook on HPCL remains negative.
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FII selling exerts bear pressure
Mumbai: Equities slipped during the course of the day's trading on Tuesday in the backdrop of significant selling by foreign institutional investors (FIIs). The BSE Sensex closed at 3,284.54 points, a decline of 38.96 points (1.17 per cent).
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SEBI action sought on Sterlite exit-option scheme
Mumbai: The Investors' Grievances Forum has sought the intervention of the Securities and Exchange Board of India and Department of Company Affairs in the ongoing scheme of arrangement of Sterlite Industries (India) Ltd.
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