The Hindu Business Line : Thursday, June 27, 2002

Exit trigger facility for UTI unitholders
UNIT Trust of India has introduced ``automatic trigger mechanism'' that enables unitholders to predetermine the time they would like to exit a scheme. A release from UTI said due to volatility in the capital markets, unitholders lose the ... More

JM Mutual to seek rating of liquid fund
JM Mutual Fund intends to get its liquid fund rated. An assessment by a rating agency will underline the scheme's objective of maintaining a certain credit quality, it is felt. The MF has proposed to approach Crisil, which has already assigned ... More

Canbank MF plans pure debt scheme
CANBANK Mutual Fund is planning to come out with an open-ended pure debt scheme called `CanIncome' shortly. According to a press release issued by Canbank Investment Management Services here, the new scheme is to be an `open-ended debt scheme ... More

TECHNICAL ANALYSIS

Bear domination
BEARS were in total control of Wednesday's trading activity. Bulls were unable to make any impact during the day's trading. None of the counters in the tradable list is in the uptrend. The sentiment reading of the tradable counters stands ... More

STOCK MARKETS

Stock market takes a hit
THE critical condition of Mr Dhirubhai Ambani, Chairman, Reliance Group, coupled with the sharp fall in stock prices in the overseas markets kept the local bourses in negative territory today. According to dealers, the weakness in the Reliance ... More

Heavy FII selling in tech stocks
THERE was across-the-board selling in most of the technology stocks on Wednesday. Most of the selling came from FIIs. The heavy selling was mainly due to the sharp fall in Nasdaq futures. In addition, the selling was on account of the forthcoming ... More

Phillips Carbon gains momentum on auto revival
THE Phillips Carbon Black Ltd (PCBL) stock has been making impressive gains in the recent trading sessions on the major bourses. The stock moved up to close on Wednesday at the level of Rs 25 from a level of Rs 10 early this month on the Bombay ... More

Parke-Davis rises on merger ratio talk
Analysts say that if the ratio of 5:2 were declared, it would be most beneficial to the shareholders of Parke-Davis India. More

DERIVATIVES MARKETS

Consider put spreads in Nifty
THE cash market ended the day on a negative note. On the penultimate day of the current near month contract, call options lost value. Traders who were short calls or long puts would have seen their position move in the money. The following ... More

COMMENTARY

Depressed sentiment haunts market
DEPRESSED sentiment in the Indian market and a crisis of confidence in the US market combined to drive down equities on Wednesday. The promoter of the Reliance group, Mr Dhirubhai Ambani battled for life in a Mumbai hospital, and sentiments in ... More

IPOS

BPCL issue may be priced at Rs 300
After the IPO, the stake is likely to come down further to about 57 per cent. But the Government has not ruled out the possibility of bringing down its stake in BPCL even below the threshold level of 51 per cent in this company. More

Hyundai IPO plan put off

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Looking back
Jun. 16-Jun. 22
AMFI develops 8 market indices