The Hindu Business Line : Friday, May 10, 2002

Dr Reddy's board clears 2.59 lakh stock options
DR REDDY'S Laboratories Ltd (DRL), the Hyderabad-based pharma giant, granted 2.59 lakh stock options to its employees at the compensation committee meeting of its board held here on Thursday. In a communique to the stock exchanges, the company ... More

MUTUAL FUNDS

For making good shortfall in assured schemes -- Development fund is guarantor, UTI told
THE Securities and Exchange Board of India has told the Unit Trust of India that the guarantor for the mutual fund's assured return schemes is the trust's own Development Reserve Fund (DRF). This implies that the onus for meeting any likely ... More

More sponsors for revamped UTI?
NEW DELHI: THE Government has decided to initiate talks with a few state-owned insurance companies and banks to rope them in as sponsors for the proposed sponsor company for the troubled mutual fund, Unit Trust of India (UTI). Having taken an ... More

Sun F&C launches fixed income plan
SUN F&C Mutual Fund today announced the launch of its open-ended Fixed Income Scheme with an option to invest in international debt market. The initial offer of the scheme will be open for subscription from May 23 to May 31. The scheme will ... More

UTI to pay 5 pc on bond fund
MUMBAI: Unit Trust of India has declared a five per cent dividend for its bond fund for the quarter. All unit holders existing in the books as on May 17 who have opted for income option would be entitled to receive the dividend, UTI ... More

TECHNICAL ANALYSIS

Initial gains not held
BULLS made substantial gains during the initial hours of Thursday's trading. But later on, bears took over and recovered most of their day's losses. The sentiment reading of the tradable counters continues to remain bullish. In the normal course ... More

STOCK MARKETS

Eicher Motors gains on plans of higher-end foray
THE share price of commercial vehicles manufacturer, Eicher Motors Ltd (EIL), has been on an upward move. It touched a new 52-week high today on the the back of the company's plans to enter the medium and high commercial vehicles segment. The ... More

IPCL up on RIL's aggressive bid?
The stock of Indian Petrochemicals Corporation Ltd (IPCL) on Thursday reached a new 52-week high of Rs 128.70 on the BSE and at Rs 128.80 on the NSE on rumours of aggressive bidding by Reliance Industries Ltd. IPCL closed the day at Rs 127.35 ... More

DERIVATIVES MARKETS

Consider selling HPCL 320 call
THE bulls were relatively active during the day's trading and call options across-the-board gained in value during the day at the derivatives segment on the National Stock Exchange.

Options on Larsen & Toubro continued to attract market ... More

COMMENTARY

PSU shares lend momentum to Sensex rally
THE stock markets were upbeat on Thursday triggered by a rally in public sector stocks. Support also came in from cement counters, which rose on hopes of improved demand. Technology stocks rallied in early morning trade inspired by the strong ... More

INVESTOR PROTECTION

Provision for investors' fund

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Apr. 28-May. 4
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