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Equity
Intelligence opens shop in Kochi
Kochi: Equity Intelligence India Pvt Ltd has commenced
operations in the State, imparting discretionary Portfolio
Management Services to the high net worth individuals.
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Corporates,
institutions join US-64 units rush
Mumbai: Several corporates and large investing institutions
are actively buying US-64 units - cash income (CI) Rs
12 and CI Rs 10 - from the secondary market with trading
in the most popular mutual fund unit in the country crossing
20 lakh units for the second time in three days.
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Last
date for MF distributors' certification put off
Mumbai: Following the representations from the mutual
funds (MFs) and their distributors,the Securities and
Exchange Board of India (SEBI) has decided to extend the
time limit prescribed for the intermediaries engaged in
the distribution of MFs to clear the certification examination
and also their registration with the Association of Mutual
Funds of India (AMFI).
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Interest
in Mafco lifts ITC stock
Mumbai: The ITC stock on Thursday saw return of some
buying interest on the major bourses. It closed on the
BSE at Rs 631.80 (Rs 626), after touching a day's high
at Rs 637. The counter's traded volume on the exchange
rose to 1.09 lakh shares from yesterday's mere 17,598
shares. On the NSE, the stock clocked a traded quantity
of 1.60 lakh shares (58,222 shares).
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L&T
scrip range-bound
Mumbai: The continuing impasse regarding the de-merger
of its cement division has resulted in the L&T stock
trading in a range. Brokers said that market sentiment
remains subdued in both L&T and Grasim counters, following
Grasim Industries' indication that it does not plan to
revise its open offer for L&T's cement division.
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Syndicate
Bank stock fancied
Mumbai: Syndicate Bank stock is being accumulated
by a section of the market players over the last few days.
Dealers said these players are accumulating the stock
for a leading corporate house's finance company. On Thursday,
the stock ended 1.09 per cent higher at Rs 18.60 with
volume of 6.64 lakh shares on the BSE; and on the NSE,
it closed at Rs 18.65, up 1.63 per cent, with volume of
20.29 lakh shares.
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Canbank
AMC sees assets swell to Rs 1500 cr
Bangalore: Canbank Investment Management Services
Ltd, the asset management company (AMC) for Canbank Mutual
Fund, expects to swell its assets under management at
least to Rs 1,500 crore in the current year, according
to the Managing Director, N.R. Ramanujam.
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Re
weakens; gilts rally
Mumbai: The rupee ended 4 paise weaker at 47.4150/4100
against the dollar after opening on Thursday at 47.3700/3800
in the local currency markets.
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