The Hindu Business Line : Saturday, July 20, 2002

No approval sought to sell holdings: UTI
THE Unit Trust of India (UTI) has said that it has not sought the approval of the Government to sell its holding in any specific company like ITC Ltd. According to the Minister of State for Finance, Mr Anand G. Geete, the UTI has not sought ... More

Tata MF plans to tap retail, high net worth investors
TATA Mutual Fund has lined up an income scheme with separate investment options for retail and high net worth investors. Christened Tata Income Plus, the scheme will add to the fund's growing list of debt-oriented products. The MF, which is ... More

TECHNICAL ANALYSIS

Bears regain control
BEARS regained control over Friday's trading activity. Bulls were unable to make any impact during the day's trading. However, the sentiment reading of the tradable counters remains neutral. Bear domination on Monday is likely to change the ... More

STOCK MARKETS

United Phos gains ground as funds hike stake
MUTUAL funds and other institutions have increased their stake in United Phosphorous Ltd (UPL) following the improved financial performance of the agro-chemicals manufacturer. Mutual funds' holding increased from 0.11 per cent at the end of ... More

Bearing stocks in the limelight
THE stocks of bearing companies are pillion-riding a general buoyancy in the auto sector. Among the prominent bearings counters — Bimetal, SKF and FAG Bearing closed higher today, while Timken and NRB Bearings saw some correction. However, ... More

Talk of bulk exports lifts Wockhardt
THE Mumbai-based pharma major Wockhardt's stock was in the limelight with the counter witnessing activity during Friday. Market sources say the company has flagged off its first overseas shipment consisting of bulk drugs and formulations. Players ... More

`No plans to invest PF balances in capital market'
NEW DELHI: The Government has said that there is no proposal to invest General Provident Fund balances in the capital market. The Minister of State for Finance, Mr.Anant G. Geete, told the Lok Sabha that since no pension fund exists in ... More

DERIVATIVES MARKETS

Avoid fresh positions
THE following are based on Friday's trading in the derivatives segment at the NSE: Equity options: The directional movement in Satyam appears uncertain. On the upside, the stock may find resistance at Rs 250. On the downside, the stock ... More

COMMENTARY

Pharma majors in good health; techs suffer
BEARS stole the show during Friday's trading breaking the thin line of defence put up by the bulls on Thursday. Wall Street blues and a disappointing performance from Wipro was all that was needed to increase the vigour of the bear grip on the ... More

PUBLIC OFFERS

Decision on equity sale by PSUs in a week
THE Union Government will decide in a week whether to allow public sector companies to sell equity through public offers before disinvestment. "We hope to have a final decision from the Union Government on whether to allow PSUs, including ... More

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