The Hindu Business Line : Wednesday, August 14, 2002

UTI committedto investors — Damodaran bullish on stocks
THE Chairman of the Unit Trust of India (UTI), Mr M. Damodaran, today gave a firm assurance of meeting all the commitments made to its investors. The current initiatives taken by the Trust - with adequate Government support - would help in ... More

UTI will honour every commitment, says Damodaran
MR M. DAMODARAN took over as Chairman of the Unit Trust of India (UTI) in the most difficult of times that the country's premier mutual fund has faced thus far. Though UTI is still not out of the woods, he has managed to steer the institution, of ... More

Retail investors hold 72.61 pc of UTI assets
INDIVIDUAL investors are the majority unit-holders in the Unit Trust of India (UTI) compared to corporates and institutional investors, according to a study conducted by Securities and Exchange Board of India (SEBI). As of March 31, 2002, ... More

Dabur attracts funds' attention
THE restructuring plans of the Delhi-based Dabur India have perked up the stock price, with investors, especially mutual funds, buying into the counter lately. The stock today went up by 1.25 per cent to close at Rs 48.65 with 66,348 shares ... More

TECHNICAL ANALYSIS

Marginal gains
FOR the second successive trading day, stock prices across the board moved within a close band. Bulls managed to control the day's proceedings. The sentiment reading of the tradable counters continues to remain strongly bullish. Bear move on ... More

STOCK MARKETS

Rains revive hopes of pick-up in stock market
MARKETMEN are drawing cheer from the recent revival of the monsoon, which they say would largely offset the setback due to deficient rainfall in the first half of the season. The current spell of rains, they say, has brightened the sowing ... More

IFC sells 5 pc Vysya Bank stake in market?
INTERNATIONAL Finance Corporation (IFC), which holds 10 per cent equity stake in Vysya Bank Ltd, is believed to have offloaded about half of it in the stock market today. According to stock dealers, the five per cent was acquired by four mutual ... More

`Pipeline' value for IOC
INDIAN Oil Corporation (IOC) gained on Tuesday even as other oil PSUs stocks remained stable. IOC was up 5.24 per cent at Rs 212 with volumes of 43,054 shares on the BSE. On the NSE, the stock gained 4.14 per cent at Rs 210 with volumes of 34,547 ... More

Ondeo Nalco flares up on better performance
THE counter of Ondeo Nalco India, formerly Nalco Chemicals India, is ruling strong on improved performance in the first quarter and on news of business restructuring. Since July 31, the stock has been moving up from a level of Rs 190 on the ... More

IDBI sells 1 pc in Coromandel Cement
MUMBAI: Industrial Development Bank of India has sold shares in Coromandel Cements amounting to over 1 per cent of the paid-up capital of the latter. The shares have been sold to a "group of investors," said a news release. IDBI has sold ... More

DERIVATIVES MARKETS

Avoid fresh positions
THE following are some buy/sell strategies based on Tuesday's trading in the derivatives segment at the NSE: Equity options: The immediate outlook on Satyam appears positive, but the stock may be unable to consolidate the gains ... More

REGULATORY BODIES & RULINGS

SEBI panel on delisting norms — `Decide offer price thru book-building'
TO enable minority shareholders to get an exit route in case a company delists its shares from the exchanges, a SEBI committee has recommended that the open offer price should be determined through book-building process. The minimum exit price ... More

COMMENTARY

HLL, tractor stocks gain as drought fear recedes
EQUITIES inched up on Tuesday after media reports on the progress of the monsoon mitigated fears of a devastating drought. Consequently, the BSE Sensex rose by 28.55 points (0.95 per cent) to close at 3,036.40 points. Click ... More

IPOS

Allahabad Bank plans Rs 100-cr IPO in December
THE Kolkata-based Allahabad Bank is planning to tap the capital markets by coming out with an initial public offering (IPO) of Rs 100 crore by December this year. But before this it is also planning to raise another Rs 100 crore to shore up its ... More

Stock Quotes
SE Diary

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