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ING
Mutual to leverage group's bank network
Mumbai: ING Mutual Fund aims to more than double
its assets base to Rs 2,000 crore in 2003 through a focussed
marketing strategy and leveraging the network of ING Vysya
Bank, in which the ING Group has 44 per cent stake.
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Bear
onslaught
Mumbai: Bears were in total command of Friday's
trading activity. Their dominance for the second successive
trading day left the bulls stranded. The sentiment reading
of the tradable counters stands strongly bearish.
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ICICI
Bank sustains interest
Mumbai: ICICI Bank has been registering good volumes
on the bourses in the recent past. While there has been
no sharp run up in the stock price following the rally
in banking stocks, the sustained interest in the stock
is cause for comment.
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Otis
Elevator to delist
Chennai: Otis Elevator Company India Ltd has decided
to delist its shares from the Mumbai and the National
stock exchanges.
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Moser
Baer gains on price hike hopes
Mumbai: Amdist uncertainty over the future of the
CD-R market, Moser Baer increased sharply on Friday. The
talk is that the company is likely to hike the price of
CD-R in the current quarter following the removal of anti-dumping
duty by the European Commission.
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United
Phos falls on Alliance pressure?
Mumbai: The United Phosphorus stock, which has
been seeing a moderate selling pressure in the last 10
days or so, yesterday recorded a sharp fall with a jump
in volumes on the major bourses.
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Hinduja
TMT may contest SEBI order
Mumbai: Hinduja TMT yesterday said that it is planning
to move the Securities Appellate Tribunal (SAT) against
the SEBI order debarring the company for two years from
dealing as a capital market intermediary.
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Market
tumbles as Reliance leads fall
Mumbai: Extending the previous day's bearish trend,
the stock market dropped further during Friday's trading.
After a positive opening, the benchmark indices - Sensex
and Nifty - dropped into the negative territory as the
day progressed.
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