Financial Daily from THE HINDU group of publications
Thursday, May 30, 2002
Markets (May 29)
BL 2501099.12 (+8.37)
BSE Sensex3160.24 (+13.41)
S&P CNX Nifty1041.65 (+3.45)
Dollar (Buy/Sell)48.94/49.07
Gold Std (10 gm)5400 (+70)

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MARKETS

MUTUAL FUNDS


StanChart MF to pep up encashment plan
STANDARD Chartered Mutual Fund has embarked on a marketing drive focussing on its `periodic encashment plan', even branding it to suggest that it `peps' up returns to investors. Simply put, PEP is a way of providing regular income, presented to ... More

TECHNICAL ANALYSIS


Marginal gains
BEARS exerted further pressure during the initial hours of Wednesday's trading. Later on, bulls made a come back and recouped their losses. Bulls were successful in reducing the bear count by a considerable margin. The sentiment reading of the ... More

STOCK EXCHANGES


BgSE set to foray into derivatives trading
THE future of the Bangalore Stock Exchange (BgSE) now hinges on futures trading as the bourse forays into derivatives trading in two to three weeks time, its President, Mr Jagdish Ahuja, said. Necessary hardware and software had been installed ... More

STOCK MARKETS


Block deals in HDFC
SEVERAL block deals were seen in HDFC counter on Wednesday. On the BSE, 2.89 lakh shares changed hands. The stock hit an intra-day high of Rs 599.85 on the BSE only to end at Rs 594.95, marginally lower than the Tuesday's close. On the NSE, ... More

Essar Oil active on retail outlet plans
THE Essar Oil stock has been on the rise in the last couple of days. In an otherwise depressed market, the scrip has been hitting the 20-per cent upper limit since May 24. The impetus behind the sustained market interest is the Government ... More

DERIVATIVES MARKETS


Selling Nifty June 1040 call may profit
THE string of negative sentiments seem to have halted during Wednesday's trading in the cash market. The Nifty index closed the day on a positive note. Hence traders who were long on call options on Tuesday would have seen their positions ... More

FOREIGN INSTITUTIONAL INVESTORS


  • FII stake in UB hits limit

    OVERSEAS INVESTMENTS


    Foreign shareholding in India Inc ebbs
    FOREIGNERS find Indian corporate assets just that bit less attractive now than they did a year ago. They own fewer shares and their holdings are also worth less than a year ago. An analysis of shareholding pattern of the companies that ... More

    REGULATORY BODIES & RULINGS


    SEBI to look into alleged insider trading in Polaris
    THE Securities and Exchange Board of India (SEBI) would look into the possibility of any insider trading in the merger of OrbiTech Solutions with Polaris Software Labs. Speaking to reporters here today, the SEBI Chairman, Mr G.N. Bajpai, said ... More

    Swarup is Govt nominee on SEBI board
    NEW DELHI: The Finance Ministry has nominated Mr D. Swarup, Additional Secretary in the Finance Ministry, as its representative in the board of the Securities and Exchange Board of India (SEBI). Mr Swarup replaces Dr Rakesh Mohan, former ... More

    COMMENTARY


    Reliance, Satyam look up; HLL checks progress
    THE market indices ended the day marginally higher on the heels of a technical rebound. After the significant decline in equities earlier in the week, a correction, especially, in software and media stocks, led to the indices ending on a firm ... More

    IPOS


    Forthcoming IPOs will revive capital market: Bajpai
    MR G.N. Bajpai, SEBI Chairman, has said a string of primary issues scheduled for the coming months will revive the capital market, provided the current `geo-political developments' do not escalate. Mr Bajpai said many stocks in the secondary ... More
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  • Top Stories
    BPL, Onida top slots in CTV market -- LG, Philips are fastest-growing brands : ORG-MARG


    $5-billion dream is realisable: Premji

    `Strategic partner free to use reserves of divested PSUs'

    Foreign shareholding in India Inc ebbs

    Prepaying external debt: Quite necessary

    Why India lags in wealth generation

    Water privatisation -- Torrent of trouble

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives

    Looking back
    May. 19-May. 25
    It's a roller-coaster ride -- Steel gains 20% in M-cap; entertainment loses 15 pc

    Sensex down 96 points; gold zooms to new high

    UTI market share dips below 50 pc in April


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