Financial Daily from THE HINDU group of publications
Thursday, August 01, 2002
Markets (July 31)
BL 2501045.16 (-1.74)
BSE Sensex2987.65 (-3.25)
S&P CNX Nifty958.90 (-1.75)
Dollar (Buy/Sell)48.53/48.76
Gold Std (10 gm)5070 (+5)

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IMPRESSIONS


Promises, promises
THE Tamil Nadu Chief Minister, Ms Jayalalithaa, in recent speeches has promised time-bound targets for ushering in Utopia here, but not now. Wait until 2010. In the land of her vision, per capita income will double, all children up to five years ... More

FOCUS


IISCO revival plan in crucial phase
TWO important points have emerged in the context of the decision made by the Cabinet Committee on Economic Affairs (CCEA) on June 11 to hand out a lifeline to Indian Iron & Steel Co, the ailing subsidiary of Steel Authority of India Ltd. First, ... More

SAY CHEEK


Revisiting restatements
AS if the current flow of financial information were not enough, what we have now is a spate of restatements. People who are neck deep in a pile of these reports want to make meaning. Their topmost question is: Who is bad, the ones who restate ... More

EAR TO THE GROUND


MFs buying into Mastek
MASTEK was in the limelight on Wednesday. Volumes in the counter increased sharply both on the BSE and the NSE. On the BSE, volumes traded were 55.51 lakh shares compared to 21.32 lakh shares witnessed on Tuesday. Similarly on the NSE, volumes ... More

ON THE HEDGE


Construct a bull spread on Reliance
THE following are some strategies based on Wednesday's trading in the derivatives segment at the NSE: Equity options: Notwithstanding handsome gains towards the day's close, Satyam still carries some downside from the current levels. The ... More

SENSOR


IT stocks recover lost ground
AFTER sinking below the psychological 3000-point mark on Tuesday's trading, the BSE Sensex ended on a flat note during Wednesday's trading. The BSE Sensex closed for the day at 2987.65 points, down by 3.26 points (or 0.11 per cent). More
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