The Hindu Business Line : Wednesday, May 01, 2002

UTI redeems MIP '97 at Rs 10 per unit -- Shortfall made good from Reserve Fund
UNIT Trust of India (UTI) has redeemed its Monthly Income Plan '97, which matured on Tuesday, at the assured rate of Rs 10 per unit. The country's largest mutual fund is expected to begin despatching redemption cheques to investors in about 10 ... More

IDBI Principal eyes overseas exposure with separate fund
IDBI Principal Mutual Fund is exploring the possibility of creating a special vehicle, purely for overseas investments. The MF, which recently concluded a study on the pros and cons of such investments, now wants to make sure whether a ... More

Warburg closes Pvt Equity Fund
WARBURG Pincus LLC, the private equity firm, has announced the final closing of the $5.3-billion Warburg Pincus Private Equity VIII L.P (WP VIII). The Fund will invest in companies in the US, Asia and Europe alongside the firm's $2.5 billion ... More

TECHNICAL ANALYSIS

Mild bull domination
BEARS failed to exert further pressure on Tuesday's trading. Bulls were in control of the day's activity and were successful in reducing the bear count by a considerable margin. The market sentiment reading of the tradable counters stands ... More

STOCK MARKETS

Block deals in GE Shipping
THE stock of GE Shipping on Tuesday witnessed increased trading activity, with volumes rising sharply. In fact, there were block deals of around 80 lakh shares on the BSE alone. The total shares traded on the BSE were 91.62 lakh shares. On the ... More

Growth guidance fuels rally in Polaris
POLARIS Software Lab has gained by 23 per cent in the last week riding on an upbeat growth guidance issued by the management for the current fiscal, including its aggressive acquisition plans. On the BSE, the stock has increased from Rs 193.05 ... More

Indo Rama rides high on polyester prices
THE stock price of Indo Rama Synthetics, manufacturer of PSF and PFY, has more than doubled in the last one month on the back of the revival of the polyester industry and good financial results for the financial year 2001-02. The share price ... More

DERIVATIVES MARKETS

Selling BPCL 320 calls may be profitable
THE spot index closed the day on a positive note with majority of the call options gaining in value during the course of the day's trading in the derivatives segment on the National Stock Exchange. Top traded options included Satyam Computer, ... More

COMMENTARY

Sentiment improves as ITC, Infy recover
BRUSHING aside the developments on the political front, the market sentiment remained buoyant during Tuesday's trading. Led by the rally in the share price of cigarette major — ITC, the market sentiment improved on Tuesday after having ... More

IPOS

Central Bank proposes Rs 500-cr IPO
CENTRAL Bank of India is contemplating a public offer during the second half of the current fiscal. The bank's Executive Director, Mr V.N. Saxena, told Business Line here on Monday that the size of the offer would be Rs 500 crore. He ... More

Stock Quotes
SE Diary

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Industrial investment in AP up 12-fold in 2 years

Investments in 93 PSUs fully eroded by losses: CAG

Sugar mills see succour in `gasohol' policy

UTI redeems MIP '97 at Rs 10 per unit -- Shortfall made good from Reserve Fund

You bet, forex is the bigger asset!

ICICI Prudential unveils two new pension schemes

Oil cos may go in for staggered price hike

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Apr. 21-Apr. 27
New depository fees: Small investors to take a big hit

SEBI meeting to decide on UTI's redemption obligations

`Speculative' deals to be redefined

Host of rollbacks coming -- Dividend tax norms to stay with sops for shareholders

MIP '97 redemption -- SEBI to ask UTI to meet shortfall from reserves