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Markets:
Staying for the meal
Mumbai: The BSE Sensex rose 48 points to close
at 4756 points, while the Nifty gained 18 points to rest
at 1488.5 points.
Market Gainers
Tata Steel, SAIL, Essar Steel, Jindal Vijaynagar, Jindal
Steel, Steel Strip, Ispat Industries, Merck, Titan, Birla
Corporation, Jain Irrigation, Kesoram Industires, IDBI,
Cummins India, Ashok Leyland, Birla Jute, Sesa Goa, Motherson
Sumi, Today's Writing, Kochi Refineries, Cadila Healthcare,
TVS Motor, Punjab Tractors, Grasim, Gujarat Ambuja, ACC,
Madras Cements, India Cements, Tata Tea, Titan Industries,
Britania, GlaxoSmithKline Pharma, Tata Power, Bharti,
VSNL, Reliance Industries, Maruti
Market Losers
PNB, HDFC Bank, SBI, Gammon India, Orient Hotels, Kinetic
Engineering, Lupin, HLL, Matrix Laboratories, ICICI Bank.
ONGC, BHEL, Ranbaxy
Market Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
Others
India Cements up 6.3 per cent at Rs 28.5
Apollo Hospitals up 4 per cent at Rs 214
Revathi Equipment up 5.89 per cent at Rs 239.90
Birla Corporation up 11.24 per cent at Rs 85.60
Videsh
Sanchar Nigam Ltd (VSNL) up 6.66 per cent at Rs 155.40
Aban Loyd Chiles Offshores up 3.54 per cent at Rs 597
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Brokers
urge revival of the Calcutta Stock Exchange
Kolkata: At a meeting with two parliamentarians
the CSE brokers have demanded that the bourse authorities
should actively pursue the cases against the defaulters
to recover money.
They
also urged that the bourse authorities, which is under
SEBI appointed administrator since December 2003, must
introduce derivatives trading through subsidiary route
to improve turnover of the exchange. The average daily
turnover now hovers around Rs 1 crore. CSE brokers forum
- Calcutta Securities Brokers Welfare Association, which
organised the meeting, complained that the exchange administrator,
T.K. Das, had not taken steps to improve the financial
position of the exchange.
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Chola
MF launches two open-ended funds
Mumbai: The Chola Mutual Fund has launched two
open-ended funds - Chola Midcap Fund and Chola Income
Plus. The initial offer period is from June 25 to July
23 2004 with the offer price of Rs. 10 per unit. Subsequently,
the funds will be open on an ongoing basis. Chola Midcap
Fund is an open-ended equity scheme, which seeks to invest
primarily in mid-cap stocks with market capitalisation
between Rs 300 crore and Rs 3,000 crore.
The
scheme will have both cumulative and dividend options.
Chola Income Plus is also an open-ended income scheme,
which will predominantly invest in debt and money market
instruments with a modest (0-10 per cent) exposure to
equity. The minimum application amount is Rs 10,000 under
the dividend option and Rs 5,000 in the cumulative option.
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