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Screen
looks blurred for Balaji Telefilms
Mumbai: Despite an impressive financial performance
during the second quarter of the current fiscal, Balaji
Telefilms Ltd's stock movement watchers are cautious about
the sustainability of the company's performance in the
future.
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MFs
can invest 10% of net assets in foreign securities
Mumbai: A mutual fund can now invest up to 10 per
cent of its net assets as on March 31, 2002 in rated foreign
securities and American depository receipts (ADRs)/global
depository receipts (GDRs) issued by Indian companies
in overseas markets.
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You
can buy/sell HDFC MF units through ATM
Mumbai: HDFC Mutual Fund yesterday announced that
it has partnered with HDFC Bank and ICICI Bank to launch
Any Time Mutual Fund (ATMF), a new service that allows
investors to buy and sell mutual fund units through an
ATM.
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IL&FS
offers new trigger options for unit
holders
Mumbai: IL&FS Mutual Fund has introduced a
set of new triggers to ease downside impact in addition
to the ones it already offers. These triggers are similar
to programme trading that institutional investors adopt
to protect their downside.
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Sustained
interest in Hero Honda
Mumbai: Despite being dogged by reports of lower
growth in market share, the Hero Honda Motors stock has
been witnessing sustained interest on the bourses in the
recent past.
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Century
Textiles active on better Q2 show
Mumbai: The Century Textiles counter is buzzing
with activity following a good second quarter performance
and on the market expectation that its cement business
will be sold off soon to the A V Birla group.
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Buyback
hopes lift Novartis
Mumbai: Rumours are rife in the market that the
multinational pharma major Novartis could be considering
a buyback plan.
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Reliance-led
rally gets support of tech stocks
Mumbai: A late recovery in technology stocks helped
the markets end the four-day losing streak. After having
lost about 1.3 per cent in the past four trading sessions,
the BSE Sensex staged a recovery on Tuesday by posting
a 15-point rise to 2961.24.
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Rupee
slips; gilts bullish
Mumbai: THE rupee closed at 48.27/28 against the
dollar on Tuesday, a tad weaker as compared to Monday's
close of 48.25/26 in the forex market.
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