Financial Daily from THE HINDU group of publications
Saturday, July 13, 2002
Markets (July 12)
BL 2501142.21 (+7.42)
BSE Sensex3305.83 (+15.27)
S&P CNX Nifty1058.25 (+1.65)
Dollar (Buy/Sell)48.73/48.86
Gold Std (10 gm)5230 (+30)

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MARKETS

MUTUAL FUNDS


Dividend for Cangilt investors
CANBANK Mutual Fund has declared the eleventh tranche of its income distribution in the Cangilt (PGS) scheme under the income plan. Investors under the scheme are now eligible for 3 per cent on the face value of Rs 10. According to a press ... More

TECHNICAL ANALYSIS


Initial gains not held
BULLS were in control during the initial hours of Friday's trading. Later on, bears took over and wiped out their day's losses. Neither the bulls nor the bears could gain much from the day's trading. The sentiment reading of the tradable counters ... More

STOCK MARKETS


Volatility in Hinduja TMT
HINDUJA TMT witnessed increased volatility on Friday. Speculation in the market was that there could be some accounting `issues 'in the company's financials. The stock moved 15 per cent in intra-day. On the BSE, the stock touched the day's high ... More

DERIVATIVES MARKETS


Puts on Tata Engg may be profitable
THE following are some buy/sell strategies based on the Friday's trading in the derivatives segment at the NSE: Equity options: The immediate outlook on Tata Engg appears negative. Consider buying the July 155 puts, if you are not ... More

REGULATORY BODIES & RULINGS


SEBI sets up tech panel for T+1 settlement
THE Chairman of the Securities and Exchange Board of India, Mr G.N. Bajpai, has set in motion the initiative to realise his dream to move the stock exchanges to the T+1 settlement system. The SEBI had formed a group to resolve the technology ... More

SEBI supersedes UPSE board
THE Securities and Exchange Board of India (SEBI) today superseded the board of Uttar Pradesh Stock Exchange (UPSE) due to various irregularities and non-compliance issues such as allegedly unauthorised carry forward transactions. The market ... More

COMMENTARY


PSU, tech stocks arrest market slide
PSU and technology stocks arrested the two-day slide in the markets to some extent and helped it close on a positive note on the last trading day of the week. Steel and textile stocks, which have been witnessing hectic activity in the past few ... More

IPOS


Nalco domestic offer in Oct; ADR in Feb
THE Government has indicated an October date to sell 10 per cent Government stake in National Aluminium Company Ltd (Nalco) in the domestic market followed by a 20 per cent ADR offering in next February, with a strategic sale of 29.15 per cent ... More
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Top Stories
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In Depth
Gender Justice
Simple Economics
Guide to derivatives
Looking back
Jun. 30-Jul. 6
April-June M-cap declines 5.83 pc — Finance, auto stocks buck the trend


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