The Hindu Business Line : Saturday, June 22, 2002

No dividend on US-64 — Tie-up with SBI for funds to meet MIP shortfall
THE Board of Trustees of Unit Trust of India (UTI) today decided not to pay dividend to the unit holders of US-64 for the year ended June 30, 2002. This is probably for the first time since the launch of the scheme 38 years ago that UTI is not ... More

Govt guarantee to UTI to cover Aug redemption
THE guarantee extended by the Government to the Unit Trust of India (UTI) for borrowings to help bridge the deficit in two assured return schemes due for redemption on June 30, will also cover the Monthly Income Plan (MIP) which is up for ... More

Damodaran gets two-year extension
THE Finance Ministry has cleared a proposal to grant a two-year extension to the Unit Trust of India Chairman, Mr M. Damodaran. The proposal has been cleared by the Finance Minister, Mr Yashwant Sinha, senior Finance Ministry officials ... More

LIC to draft paper for UTI sponsor co
THE Government has mandated the Life Insurance Corporation of India (LIC) to work out a concept paper, detailing the structure of the new sponsoring company and the sponsors for the Unit Trust of India, once the UTI Act is repealed. LIC is one ... More

TECHNICAL ANALYSIS

Narrow movement
FRIDAY'S trading activity witnessed narrow movement. Neither the bulls nor the bears could gain much from the day's trading. The market sentiment reading of the tradable counters continues to remain neutral. Bull domination on Monday is likely to ... More

STOCK MARKETS

Birla Corpn hits new high on better perception
THE Birla Corporation stock today touched its 52-week high on the Bombay Stock Exchange (BSE) at Rs 27. It, however, closed at Rs 25.50, slightly up from its previous close. The counter attracted a volume of over 1.38 lakh shares on the ... More

Trent glows again
THE retailing company of the Tata Group, Trent Ltd, is back in the limelight, with the stock moving up on both the BSE and NSE on Friday. Dealers said that rumours of the management planning to hike its stake in the company are once again doing ... More

DERIVATIVES MARKETS

Outlook on Reliance remains negative
CALLS on top-traded stocks ended marginally lower on Friday's trading in the derivatives segment at the NSE. The following are some buy/sell strategies based on the day's trading: Equity options: The immediate outlook on Reliance ... More

COMMENTARY

Select blue chips lend shine to dull trading
THE stock market ended the last day of the week on a negative note. The benchmark BSE Sensex dipped 2.1 per cent over the week and 0.65 per cent over the previous day to close at 3242.75 points. Click here for ... More

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