After lull, IT's boom time again
Mumbai: After a long winter, IT scrips bounced back this week. Technology counters on the BSE, irrespective of Big 5 or midcap companies, rallied as the US markets showed signs of life.
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Private MFs zip ahead, Big Daddy trips
Mumbai: For the first time, the value of assets collectively managed by private sector mutual funds have exceeded that managed by the Unit Trust of India, the largest mutual fund in the country. 
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UTI sector funds seem to offer some relief
Mumbai: With the market's focus clearly on US-64 and the MIPs, some of the other schemes run by UTI are not getting the attention that they deserve. These include the five sector funds, which were launched during the last growth sector boom. 
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Balaji Tele on upper limit
Mumbai: After the close of trading hours on last Friday, Balaji Telefilms intimated to the BSE that the shareholders had approved the proposal to hike FII limit to 40 per cent from 24 per cent. 
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Some bright spots likely in range-bound trading
Mumbai: Despite attempts at defying gravity, the stock market could not pull off a breakthrough last week. Neither could the Sensex pierce through its strong resistance level at 3,200 points nor could the Nifty cross its barrier of 1,010-point point mark. 
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Infotech counters show resilience
Mumbai: The US markets continued their bull run as investors appeared to have done value-picking. The Dow Jones Industrial Average rose 1.1 per cent for the week breaking the crucial 9,000-mark and in fact, the fifth straight up week in a row; Nasdaq Nasdaq rose 1.4 per cent during the week gone by - for the tech-heavy Nasdaq it was third consecutive week of gain. The Dow closed the week at 8872.96 (8778.06), after touching a high of 9077.01 during the week, and the Nasdaq closed at 1380.62 (1361.01). 
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Shares consolidate, await rise in foreign funds buying 
Mumbai: Shares are expected to trade cautiously this week as the market consolidates recent gains and awaits a sustained rise in foreign fund buying. 
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