The Hindu Business Line : Sunday, April 14, 2002

Ciba Specialty makes open offer
SWISS Chemicals major Ciba Specialty Chemicals Holdings Inc is making an open offer to the minority shareholders in order to hike its stake in the Indian subsidiary to 100 per cent. In a notification to the stock exchanges, the company said ... More

MUTUAL FUNDS

Mastershare 86: Hold/Avoid fresh exposures
THE redemption date for Mastershare, UTI's largest close-ended scheme, is barely a year and a half away. With the market price of the units hovering at Rs 9.65 in the secondary market, the market price carries a discount of nearly 22 per cent to ... More

Sundaram Bond Saver: Invest
FRESH investments in Sundaram Bond Saver may be considered. Its performance record since launch has been impressive, and the portfolio is reasonably placed to deliver above-average returns. In addition, the sensitivity of the fund to any ... More

UTI's assured return schemes -- Hardly reassuring?
INVESTORS in the assured return schemes of the Unit Trust of India are now in a delicate situation. The UTI is insisting it will meet the assured returns and capital protection guarantees. But there is a big uncertainty : Who will help the UTI ... More

UTI Services Fund: Cut exposures and book profits
INVESTORS in the UTI Services Sector Fund can contemplate booking profits in the fund. The broad markets have, no doubt, declined in the last month or so. But the portfolio may have limited room for an upside from the present level. Especially ... More

Pioneer ITI FMCG: Pare exposures
WITH returns of around 12.6 per cent since launch, the Pioneer ITI Index Fund has comfortably outperformed the BSE FMCG index, which lost 22 per cent in value since the fund's launch. However, given the relatively high valuation levels for the ... More

MIP '97: Take cash, avoid rollover
THE assured return scheme Monthly Income Plan 1997 (I) is coming up for redemption at end April. The Unit Trust of India had guaranteed returns and capital protection on the backing of its Development Reserve Fund. Now there are plans to launch a ... More

Focussing on theme funds
ASSET management companies are looking to enhance inflows into their mutual funds, and theme funds are one option. Recently, Mr T. P. Raman, Managing Director, Sundaram Newton Asset Management Company, said that they were looking to launch a ... More

Investing abroad: Sensible restriction on mutual funds
THE restriction of 4 per cent of net assets imposed on investments abroad by debt funds is a sensible move by SEBI. As part of the efforts to relax capital account controls, the Finance Minister, Mr Yashwant Sinha, announced in the Budget that ... More

Warrants from UTI

STOCK MARKETS

Infosys, Satyam rule firm
ITC (Rs 648.05): As expected last week, the share price of the company ruled distinctly weak. After touching a low of Rs 621, the scrip recovered some ground towards the end of week. The overall trend in ITC continues to be ... More

DERIVATIVES MARKETS

Volumes decline on bourses
OVERALL Trends: The week saw some positive sentiment underlying trading in the spot equity market. On a week-on-week basis, the BSE Sensex gained close to 0.3 per cent over the previous week, thus extending its gain for the second ... More

Interest wanes on index puts
INDEX options: Trading interest in index calls continued to decline during the week. No new contract managed to find a place among the list of top 10 traded calls. In contrast puts were placed better. However, in comparison to last week, ... More

Reliance Industries remains active
TECHNOLOGY stocks dominated trading interest in the preceding week's single stock futures sessions. Continuing with the trend that the market has seen so far, April futures contracts were the most frequently traded ones in the preceding week. ... More

COMMENTARY

Techs keep Sensex in positive zone
THE firming up of prices in the technology sector, specially frontline stocks helped keep the BSE Sensex in the positive territory. The BSE Sensex appreciated by 10.33 points to close the week at 3510.90 points. The trigger for the technology ... More

IPCL moves up on divestment hopes
TATA Engineering: Tata Engineering's shares marched up successively this week as the company announced a 10 per cent rise in its domestic vehicle sales for the March quarter over the same period last year. Even though the announcement ... More

Positive trend in Sterlite Optical
THE stock market sentiment recovered a bit during the week gone by. After a weak start, the sentiment perked up following the announcement of Infosys's financial performance. Led by Infosys, a host of software stocks moved up during the week. ... More

Nasdaq at crucial juncture
NEGATIVE sentiment prevailed for yet another week at the American bourses. There was, however, some recovery on Friday on the back of the SEC's decision to close an earlier enquiry about IBM. The week ahead would turn out to be a crucial one ... More

Stock Quotes
SE Diary

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`Falling rate benefits have not reached corporates'

UN launches e-mail news service

Net rises 87.52 pc at Rs 462.93 cr -- Hero Honda to pay a total dividend of Rs 17

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Apr. 7-Apr. 13
Close end redemptions may drain UTI coffers

MFs can invest 4 pc of assets in foreign papers -- SEBI fixes individual limit at $50 m

Govt set to distance itself from UTI, give up powers -- Act amendment on the cards

SEBI to decide on UTI schemes shortfall issue

It's curtains for bank-sponsored MFs

Suzuki set to take control of Maruti with 56% stake -- Rights issue renunciation almost finalised

FII investment in telecom to be outside FDI cap

UTI team to examine audit reports of 9 cos