The Hindu Business Line : Friday, March 08, 2002

Atlas Copco: Buyback beckons
THE stock of Atlas Copco may show firm trends with a buyback in prospect. The board of directors is to meet on March 15 to consider a buyback proposal. The improvement in valuation levels may not be sharp till the specifics become clear. The ... More

Wockhardt Life: Sizeable cash flows
THE decision of Wockhardt Life Sciences to exit the intravenous (IV) fluid business may not lead to significant improvement in the valuation of the stock in the near-term. The company has sold the IV fluid business to Baxter India, a subsidiary ... More

MUTUAL FUNDS

Dundee plans to say good bye
CONSOLIDATION in the mutual fund industry is gaining momentum and the latest to go on the block is the Canadian mutual fund, Dundee. The Fund, which started its Indian operations in 1998, is up for grabs. Dundee has decided to exit the country by ... More

TECHNICAL ANALYSIS

Bull domination
THURSDAY'S trading activity was totally dominated by the bulls. Bears were unable to make any impact during the day's trading. The sentiment reading of the tradable counters stands mildly in favour of the bulls. Bull domination on Friday is ... More

STOCK EXCHANGES

Dividend row kicks up action on CSE
THE Calcutta Stock Exchange on Thursday received a communication from five companies for cancellation of the proposed interim dividend. These companies are: Exide, Jay Shree Tea & Industries, Wipro, Cotspin and Patspin. A total of 112 ... More

STOCK MARKETS

Asian Paints in bright shade
THE counter of Asian Paints, which has been steadily rising since February 11, today closed at the Rs 310 level on the major bourses. Though down from Wednesday's closing level of Rs 313, the scrip touched an intra-day high of Rs 318.85 on the ... More

Hallmark lifts Archies?
THE stock of Archies Greetings has been on an upward curve since last month. Archies has risen by over 100 per cent since February 1. On Thursday, the stock was locked in the 20 per cent upper circuit on major bourses. On the BSE, it closed at Rs ... More

DERIVATIVES MARKETS

Long calls on Sterlite may be profitable
MOST equity calls ended in the positive territory in the derivatives segment at the NSE on Thursday, mirroring the sentiment in the spot market. Here are some buy/sell strategies based on the day's trading: Equity options: March calls on ... More

REGULATORY BODIES & RULINGS

ICSI chief on SEBI mutual funds panel
THE Securities and Exchange Board of India (SEBI) has appointed Mr S. Gangopadhyay, the President of the Institute of Company Secretaries of India (ICSI), as a member of the advisory committee on mutual funds. The committee will examine emerging ... More

COMMENTARY

Infoteh stocks buoy market sentiment
STOCK markets on Thursday staged a remarkable recovery as frontline technology stocks and other index heavyweights had a sunny day. The Sensex added over 2 per cent to its value to close the day at 3690.27 points. So too was the case with the NSE ... More

IPOS

PNB maiden issue at Rs 21 premium
PUNJAB National Bank will hit the capital market with its maiden public issue of 5,30,60,700 equity shares of Rs 10 each for cash at a premium of Rs 21 per share aggregating to Rs 164.49 crore, to augment its long-term resources and capital base ... More

Stock Quotes
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100 pc FDI in auto sector under automatic route -- No minimum investment norms

PNB maiden issue at Rs 21 premium

After dividend rush come cancellations

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`Newsprint sector in for a shake-out'

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Feb. 24-Mar. 2
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