The Hindu Business Line : Friday, March 01, 2002

Budget: More stress on economy
THE 2002-03 Budget may have placed more stress on the corporate sector and may as such not be a positive factor in determining stock price trends. Stocks could edge up still, but that may have little to do with the measures in the Budget. As the ... More

MUTUAL FUNDS

MF sector disappointed
MUTUAL funds have little praise for the Finance Minister with the removal of tax concessions on dividend payment. Also, allowing the funds to invest in foreign-rated securities has done little to lift the sentiment of the over Rs 1.1 lakh crore ... More

Implications for MF industry
THOUGH the MF industry is bound to rue the withdrawal of tax concessions, the move to do away with the tax-free status for dividends distributed by funds may have positive implications for the industry in the long term.

Funds will be forced ... More

TECHNICAL ANALYSIS

Bears return with a thud
THURSDAY'S trading opened normally but bulls could not drive the market in their favour. Bears were unopposed during the day's trading. They were successful in bringing down the market by almost 40 points. Stock prices across-the-board witnessed ... More

STOCK MARKETS

Sensex goes south
THE stock markets today turned their face firmly against Mr Yashwant Sinha's Budget proposals as share values dived , with a number of active scrips hitting the lower circuit breakers. While the 30-share benchmark Sensex plunged four per cent ... More

Market movers
WHEN almost all the stocks were hammered on the Budget day, two index heavyweight stocks — Hindustan Lever and ITC — firmed up. In addition, stocks such as HDFC, IDBI, Procter & Gamble, Indian Rayon and Tata Tea also closed ... More

Market slips sans positive triggers
MARKET players here said that in the absence of a short-term trigger, the bulls unloaded heavily, bringing down the prices of stocks except for a handful stocks such as ITC, HLL and Tata Tea. ``The ITC counter was spared because there was no ... More

A stampede of sorts in the equity market
All of a sudden, as Mr Sinha was winding up his speech, came the bolt from the blue. The hitherto tax-free dividends in the hands of investors would now be taxed and that too not at 10 per cent but at the applicable standard rates of personal or corp orate taxation. That triggered a collective groan at the securities firm in Mumbai and, as though by magic, the room suddenly came alive and silent phones sprang to life. No prizes for guessing they were all sell calls. More

DERIVATIVES MARKETS

Uncertainty prevails; avoid fresh positions
THE negative sentiment in the spot market rubbed off into the derivatives segment on Thursday, as most equity calls ended in the negative territory. With the market displaying high levels of volatility, dealers may do well to remain in cash for ... More

Record NSE volume
MUMBAI: The National Stock Exchange (NSE) on Thursday recorded an all-time volume of Rs 2,156.14 crore in the derivatives segment. Previous highest was Rs 1,530.33 crore recorded on February 27. Futures on individual stocks recorded ... More

FOREIGN INSTITUTIONAL INVESTORS

FIIs to have more leeway, limited impact
THE foreign institutional investors (FIIs) will have a greater leeway to invest in companies in the country based on the policy framework. But the move as such may have a very limited impact at the ground level. This is because very few companies ... More

Stock Quotes
SE Diary

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Oil sector deregulation: A(nother) P(erfect) M(anipulation)

Hardware measures -- PC prices seen unchanged

Banks to cut lending, deposit rates

Changes galore for individual taxpayers

10 more services come under tax net -- Rs 1,400-cr additional mop-up seen

Sinha lands a knock-out punch -- Rs 12,700 cr extra taxes on individuals, corporates

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Feb. 17-Feb. 23
`Feel good' factor back on bourses

SEBI throws the book at Mallya, Chhabrias -- `Divest wrongfully acquired shares in Herbertsons'