Financial Daily from THE HINDU group of publications
Thursday, March 07, 2002
Markets (March 6)
BL 2501138.01 (-2.56)
BSE Sensex3614.44 (-26.66)
S&P CNX Nifty1172.60 (-5.90)
Dollar (Buy/Sell)48.64/48.77
Gold Std (10 gm)4930 (-40)

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MARKETS

IMPACT


Cheap steel inflow looks likely
THE imposition of import tariffs ranging from 8 per cent to 30 per cent by the US Government on different categories of steel for the next three years will effectively shut out the US market for Indian exporters. However, the impact of this ... More

MUTUAL FUNDS


Birla MF churning sees more IT, less pharma exposure
BIRLA Advantage Fund (BAF), the flagship equity scheme from the Birla MF stable, has gone in for a sudden change in its sectoral allocation. It has reduced exposure to the pharmaceuticals sector and increased allocations to the information ... More

Taurus to take over 2 BoI MF schemes
TAURUS Mutual Fund has decided to take over two schemes from BOI Asset Management. As per the agreement entered between Creditcapital Asset Management Company, the investment manager of Taurus Mutual Fund, and BOI Asset Management, BOI MF ... More

TECHNICAL ANALYSIS


Marginal loss
BEARS were in control during the initial hours of trading onWednesday. Later, bulls took over and left the bears with marginal gains. The market sentiment reading continues to remain neutral. Bull domination on Thursday is likely to change the ... More

STOCK MARKETS


Balrampur Chini in the limelight
THE stock of Balrampur Chini today hit a two-month high on major bourses. It closed on the BSE at Rs 115.05 (Rs 114.15) with 30,935 shares being traded and on the NSE at Rs 115.2 (Rs 114.25) with volumes of 79,179 shares. The counter has been ... More

Steep rise in BILT volumes
PAPER producing major Ballarpur Industries has been on the rise in the last few days. The rumour in the market is that a reshuffle of the top management of the company is on the cards. Analysts feel that the reshuffle is expected to improve the ... More

Sensex down 21 on SEBI fiat
THE SEBI directive on the issue of interim dividend coupled with profit booking pulled down stock prices on major bourses on Wednesday. The 30-share Sensex fell to an intra-day low of 3,591, down 50 points, before closing the day at 3,620, down ... More

DERIVATIVES MARKETS


Outlook on Reliance remains negative
WEDNESDAY'S trading in the derivatives segment at the NSE saw most equity calls end in the negative territory. Here are some buy/sell strategies based on the day's trading: Equity options: The March 320 calls on Reliance Industries ... More

REGULATORY BODIES & RULINGS


SEBI tells SEs to act tough on dividends
THE Securities and Exchange Board of India (SEBI) on Wednesday clamped down on companies rushing to pay interim dividend before March 31. In a notice, the market regulator directed all stock exchanges not to relax the 30 days' and 42 days' ... More

Some cos willing to cancel interim dividend
EVEN as the major stock exchanges on Wednesday decided against the relaxation of the minimum notice period required under Clause 16 of the Listing Agreement for declaring interim dividend, corporates generally took a non-confrontational ... More

COMMENTARY


SEBI stand on dividends dampens bourses
THE BSE Sensex plunged further on Wednesday, marking the event as a straight three-day slide beginning this week. SEBI's decision to stay firm on its decision to enforce the minimum 30-day notice to declare dividends may effectively thwart ... More
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Top Stories
US steel tariffs worry Indian majors


Siemens gung-ho; to invest $500 million

Court stays tax on perquisites

IDBI may cut rate on Flexibonds

Soft global wheat prices pressurise domestic exports

Winning approach to life

SEBI tells SEs to act tough on dividends

In Depth
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US-64
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Feb. 24-Mar. 2
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