The Hindu Business Line : Thursday, July 18, 2002

UTI sells 9% stake in HZL
UNIT Trust of India has sold its 9 per cent holding in Hindustan Zinc Ltd (HZL) to Sterlite Industries under an open offer. An official release said UTI has sold 3.8 crore equity shares at Rs 40.51 per share to Sterlite Opportunities and ... More

MUTUAL FUNDS

SEBI `does not fancy' First India's active concept
THE Securities and Exchange Board of India (SEBI) seems to have cold-shouldered a move by First India Mutual Fund to unveil an actively managed index fund. The MF's attempt, which came in the shape of a concept note, is yet to elicit a firm ... More

`Follow AMFI code in letter & spirit'
`DO not hand over part of your take to investors'. That message from the Association of Mutual Funds in India (AMFI) formed the core theme at a recent session that brought together leading intermediaries and the marketing heads of asset ... More

TECHNICAL ANALYSIS

Bears gain further
BEARS were in control of the initial hours of Wednesday's trading. Thereafter, bulls took over and recovered their early losses. Bears were successful to the extent of terminating the uptrend counters in the tradable list. More

STOCK MARKETS

Strong action in Padmalaya
MEDIA company Padmalaya Telefilms witnessed intense activity on Wednesday. Sources in the market say that the huge block deals of about 10 lakh shares were traded on Wednesday. Market players said that there were talks about a foreign ... More

Funds active in Digital
DOMESTIC and foreign institutional investors have been actively buying in Compaq Computers Indian subsidiary, Digital GlobalSoft, during the quarter ended June 30, 2002. Domestic institutional investors' stake has increased from 14.12 per cent ... More

Jubilant moots stock split
THE board of directors of Jubilant Organosys Ltd has recommended a stock split of two equity shares for every one existing equity share. Post the stock split the face-value of each equity share will be Rs 5 compared with Rs 10 at ... More

DERIVATIVES MARKETS

Satyam Computer carries limited upside
THE following are some buy/sell strategies based on Wednesday's trading in the derivatives segment at the NSE: Equity options: The immediate outlook on Tata Engg appears negative. The August puts on the stock are not actively traded. You ... More

COMMENTARY

Info-tech heavyweights recover on late buying
THE unabated bearish sentiment in the global markets and the consequent slide in the major US and European equity indices affected the domestic bourses on Wednesday. Domestic indices fell for the third consecutive day during the week, amid ... More

SHAREHOLDER ACTIVISM

Call for stress on investor awareness
THE Government and non-Government organisations must equip small investors with requisite information and understanding about the intricacies of the functioning of the stock markets, according to Mr Minoo Shroff, Vice-Chairman, Raymond Ltd. In ... More

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