'Tracking Error before investing 
Mumbai: Investors who fancy equity markets and like to bet on benchmark indices rather than a group of individual stocks are still apprehensive of going in for this type of scheme. 
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Falling rates fail to spoil the MF party
Mumbai: Falling interest rates and uncertain equity markets have not impacted the ranking of mutual funds for the quarter ended June 30, 02 as evidenced from the results of the ET-Crisil Quarterly Mutual Fund Tracker. 
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Old Economy outshines pharma, IT
Mumbai: The April-June quarter saw Old Economy stocks find increased favour among mutual funds, in continuation of the previous quarters trend, fuelled by the prospects of an economic turnaround.
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MRPL to issue preferential shares to ONGC, lenders 
Mumbai: The board of MRPL has approved issuance of additional equity shares up to Rs 2,000 crore on preferential basis as per the existing SEBI guidelines to ONGC and lenders of the company, on conversion of their debt into equity. 
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GoM endorses US-64 bail-out, UTI revamp
New Delhi: The Group of Ministers (GoM) has endorsed the proposal for a bail-out of US 64 and restructuring of the Unit Trust of India. The proposal will now be considered by the Cabinet Committee on Economic Affairs (CCEA) for final approval. 
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Big investors take large pie in HDFC index funds
Kolkata: In what seems to establish the perception once again that some large investors are on the prowl, a single entity holds as much as 36.6 per cent in the Nifty Plan of the recently-launched HDFC Index Fund, while another accounts for 32.9 per cent per cent in the fund's Sensex Plan. 
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Bear domination
Mumbai: Bears were in total control of Thursday's trading activity. Their dominance left the bulls with no opportunity to recover. Bears gained substantially from the day's trading. The sentiment reading of the tradable counters stands bearish. 
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Tata scrips take a beating
Mumbai: Leading Tata group companies took a hit yesterday on the bourses following reports of the withdrawal of the controversial Ferguson report on Tata Finance as well as the resignation of Mr Y.M. Kale.
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Tata Finance imbroglio Weakness pronounced in 3 group stocks
Mumbai: The problem over Tata Finance Ltd yesterday triggered selling in the stocks of the Tata group companies on the major bourses. However, the weakness was pronounced in the Tata Steel, Tata Engineering and Tata Power stocks. 
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Sterlite Opticals under pressure
Mumbai: Sterlite Opticals has been continuously falling over the last few days. On Thursday, the stock was down 8.6 per cent at Rs 72.80 with volumes of 4.11 lakh shares on the BSE. On the NSE, it was down 9.01 per cent at Rs 72.75 with volumes of 4.99 lakhs shares.
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FII inflow down 80 pc so far this fiscal
Mumbai: Weak international markets, war fears and the possibility of a drought this year have cost the country nearly Rs 10,000 crore in foreign institutional investment compared to the previous year. 
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Markets wilt under drought report
Mumbai: The stock market sentiment turned distinctly bearish during Thursday's trading. Both the BSE Sensex and the NSE Nifty ended the day on a weak note. After a buoyant start at 3014.68, the Sensex weakened gradually as the day progressed. 
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`50 pc Union Bank IPO for retail investors'
Chennai: The Union Bank, which proposes to pick up Rs 288 crore from the capital market through its initial public offering, has decided that 50 per cent of the offering would be reserved for retail investors, defined as those who apply for less than 1,000 shares, the bank's Chairman and Managing Director, Mr V. Leeladhar, said here on Thursday. 
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Rupee stable; gilts down
Mumbai: THE rupee closed steady on Thursday at 48.65/66 against the dollar as compared to Wednesday's close of 48.66/6650 in a fairly dull forex market. 
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