Financial Daily from THE HINDU group of publications
Thursday, March 28, 2002
Markets (March 27)
BL 2501118.40 (+5.69)
BSE Sensex3459.08 (-7.21)
S&P CNX Nifty1123.35 (+0.30)
Dollar (Buy/Sell)48.76/48.89

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MARKETS

PREFERENTIAL ALLOTMENTS


Move to trim promoters' stake -- UTI Bank to make pref allotment
UTI Bank is to make a preferential allotment of about 1.35-crore equity shares of face value Rs 10 each at a premium of Rs 29.04 per share to LIC, GIC, National Insurance Company and New India Assurance Company. The issue is aimed at bringing ... More

TECHNICAL ANALYSIS


Narrow movement
WEDNESDAY'S trading witnessed narrow movement. Bulls were successful in restricting the bears run. Neither the bulls nor the bears could gain from the day's trading. The market sentiment reading stands mildly in favour of the bears. In the normal ... More

STOCK MARKETS


Kodak rises on better Q4 results
A turnaround of sorts in the last quarter ended December 2000 helped Kodak India's stock to gain momentum in the markets. Analysts perceive this uptrend to continue with Kodaks' entry into diverse segments and lesser dependence on imports. The ... More

LIC active in frontline stocks
LIC is rumoured to have been very active in select counters on Wednesday. According to market sources, frontline stocks such as Reliance, VSNL and Infosys were among the counters that the insurance major was active. Reliance closed at Rs ... More

DERIVATIVES MARKETS


Selling April 300 call on Satyam may pay
AS was the case with Tuesday's trading, put options gained in value on Wednesday in the derivatives segment on the National Stock Exchange. The spot market remained in the doldrums with the S&P CNX Nifty hardly budging from Tuesday's close. ... More

COMMENTARY


Mid-cap technology stocks move up
IT was yet another day of depressed trading. After a promising opening at 3472.96 points, the Sensex went on to touch a high of 3503.8 points before closing on a subdued note at 3459.08 points. This represents a decline of 7.21 points or 0.21 per ... More

IPOS


All eyes on PNB issue
WHAT is common between Canara Bank, Union Bank, IDBI Bank and the UTI Bank (other than the fact that they are all banks, of course)? Well, they all want to come out with a public issue next year. Presumably, there are many other banks, which ... More

INVESTOR PROTECTION


ICSI to hold campaigns for investors
THE Institute of Company Secretaries of India (ICSI) is to undertake investor awareness campaigns in different parts of the country in the current depressed market conditions through its network of chapters to enable people to make judicious ... More
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