The Hindu Business Line : Friday, August 02, 2002

UTI borrows more from SBI to keep US-64 liquid
UNIT Trust of India borrowed Rs 500 crore from State Bank of India a few days ago to create liquidity in its flagship US-64 scheme. The loan is over and above the Rs 1,000 crore it borrowed from SBI recently on the back of a guarantee from the ... More

`Debt market volatility impacts bond funds'
VOLATILITY in the debt market has impacted bond funds which have given average one-year return of 12.89 per cent as on June 28, 2002 (the last day of trading) compared to 16.72 per cent as on December 31, 2001, says a study by Investsmart India ... More

TECHNICAL ANALYSIS

Bears prevail
THURSDAY'S trading activity witnessed mild bear domination. Bulls were unable to make any recovery during the day's trading. They were successful to the extent of initiating uptrend in a few counters. However, the market sentiment reading of the ... More

STOCK MARKETS

Merger hope lifts Burroughs Wellcome
BURROUGHS Wellcome India has been gaining in the past few days on account of talks about the completion of merger with GlaxoSmithkline India. Dealers said the swap ratio could be favourable to shareholders of Burroughs Wellcome. Currently, ... More

LIC sells entire stake in Reckitt under buy-back
MUMBAI: Life Insurance Corporation of India (LIC) has sold 19.6 lakh equity shares, or about 6 per cent stake of Reckitt Benckiser (India) Ltd under the company's buy-back programme. LIC has sold its entire holding comprising 5.99 per cent ... More

DERIVATIVES MARKETS

Upside limited in Tata Steel
THE following are some buy/sell strategies based on Thursday's trading in the derivatives segment at the NSE: Equity options: The upside in Tata Steel appears limited. The stock may find resistance at Rs 130. On the downside, the stock ... More

REGULATORY BODIES & RULINGS

SEBI suspends BSE broker
MUMBAI: In the on-going investigation into the share price manipulation of Amara Raja Batteries, the Securities Exchange Board of India has suspended BSE member Mr Prakash K. Shah for a period of three months effective from August 12. ... More

COMMENTARY

Drought fears snip tax sop gains
FOR the stock markets caught in a bearish grip, there appears to be little respite in sight. For the third day in succession, on Thursday the BSE Sensex recorded a decline, closing at 2975.81 points, 11.84 points lower than Wednesday's close. And ... More

IPOS

REC net up at Rs 72.47 cr in Q1; plans IPO
RURAL Electrification Corporation (REC) has recorded a profit-after-tax (PAT) of Rs 72.47 crore on net sales of Rs 386.80 crore for the first quarter ended June 30, 2002. For the same period last year, it recorded a PAT of Rs 54.65 crore on ... More

Union Bank issue at Rs 6 premium
MUMBAI: Union Bank of India has set a premium of Rs 6 for the Rs 10 share for its proposed public issue. The issue is of 18 crore equity shares amounting to Rs 288 crore, a press release said. ... More

Stock Quotes
SE Diary

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Govt mulling refined oil customs duty cut?

Drought situation `alarming'

Tax-free bonds look appetising

Cleansing the electoral process

Gangster economics

Striving for a bone bank

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Jul. 21-Jul. 27
JPC favours more teeth to SEBI — Pulls up watchdog for poor track record

HLL market cap falls Rs 1,600 cr — Analysts lower sights on poor monsoon