Financial Daily from THE HINDU group of publications
Wednesday, April 10, 2002
Markets (April 9)
BL 2501160.49 (-14.58)
BSE Sensex3463.33 (-16.84)
S&P CNX Nifty1126.70 (-8.55)
Dollar (Buy/Sell)48.86/48.99
Gold Std (10 gm)5000 (+20)

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MARKETS

COURTS/LEGAL ISSUES


Suspension of trading -- Krebs Bio moves court against NSE decree
IN a significant development, Krebs Biochemicals Ltd (KBL), the city-based biotech company, has moved the Andhra Pradesh High Court contesting the decision of theNational Stock Exchange (NSE) to suspend trading in its securities. The NSE issued ... More

MUTUAL FUNDS


BoI sells two MF schemes to Taurus
The `Boinanza equity linked saving on tax scheme' and the `Boinanza Exclusive growth scheme' have a total corpus of Rs 22 crore, and have been sold on an asset liability basis to Taurus whereby Bank of India will get a commission of around 2 per ... More

MFs target high net worth individuals
WITH various savings options becoming less attractive, mutual funds are getting their act together and wooing the `high-income' class that has investible funds but limited investment opportunities, courtesy the Union Budget. Fund managers are ... More

It's curtains for bank-sponsored MFs
WITH Bank of India announcing its intention to exit the mutual fund business after the sale of its remaining two equity schemes to Taurus Mutual Fund, the number of bank-sponsored mutual funds continuing to operate in India has dwindled further. ... More

TECHNICAL ANALYSIS


Volatile movement
BEARS dominated the initial hours of Tuesday's trading. During the close, bulls made a smart recovery and wiped out most of their day's losses. The market sentiment reading of the tradable counters stands mildly in favour of the bears. Bull ... More

STOCK MARKETS


Thermax up on good Q4 results
PUNE-based engineering company Thermax has been witnessing hectic activity in the last few days. The increased activity in the counter was on the hopes of excellent financial results for the fourth quarter. Dealers said the fourth-quarter profits ... More

DERIVATIVES MARKETS


Sell Satyam 300 call
CALL options lost value during the day's trading in the derivatives segment on the National Stock Exchange. The top traded options were on Satyam Computer and Infosys Technologies.
  • The April 280 call on Satyam Computer was actively ... More

    Market makers for BSE stock futures
    IN a bid to increase volumes and improve liquidity in the derivatives market, the Bombay Stock Exchange (BSE) today introduced a market making scheme with significant financial benefits to the market makers for stock futures. The rewards for ... More

    REGULATORY BODIES & RULINGS


    SEBI to decide on UTI schemes shortfall issue
    THE Government has left it to the Securities and Exchange Board of India to take a view on whether any shortfall in the assured return schemes of the Unit Trust of India has to be bridged by the sponsors of the Trust. Since the assured return ... More

    COMMENTARY


    PSU stocks lose steam in dull trade
    THE markets tripped for the second straight day of the week as key index constituents continued to maintain a low profile and State-run counters suffered a setback in their valuations. However, select technology stocks came to the rescue even ... More

    TRENDS


    Despite abolition of no-delivery period -- Cos still opt for lengthy book closures
    THOUGH it has been more than a year since the Securities and Exchange Board of India (SEBI) directed the stock exchanges to abolish the no-delivery period in the stock markets on account of book closures/record dates for corporate actions, it is ... More
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  • Top Stories
    Caution to Govt on dividend tax


    Rajasthan tax plays havoc with Gujarat gold trade -- Business drops 50 pc to Rs 6,000 cr

    India to return to higher GDP growth soon: ADB

    It's curtains for bank-sponsored MFs

    SEBI to decide on UTI schemes shortfall issue

    IT is still highway as far as jobs go

    No petro price hike for now: Minister

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Mar. 31-Apr. 6
    UTI board to decide on RIL investment probe

    UTI knocks SEBI door to roll over three schemes


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