Financial Daily from THE HINDU group of publications
Thursday, August 15, 2002
Markets (Aug. 14)
BL 2501067.86 (-0.88)
BSE Sensex3020.70 (-15.70)
S&P CNX Nifty969.65 (-6.40)
Dollar (Buy/Sell)48.56/48.69
Gold Std (10 gm)5220 (+20)

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MARKETS

MUTUAL FUNDS


UTI asset base shrinks 17 pc
MUTUAL fund major Unit Trust of India (UTI)'s total assets have fallen by 17.03 per cent (Rs 9,528 crore) for quarter ended June 30, 2002 with total assets under its management falling to Rs 46,396 crore during the period compared to Rs 55,924 ... More

TECHNICAL ANALYSIS


Bears prevail
BEARS gained control over Wednesday's trading activity. Bulls were unable to make any recovery during the day. The market sentiment reading of the tradable counters stands bearish. Bull domination on Friday is likely to terminate most downtrend ... More

STOCK MARKETS


Ondeo Nalco spurts on open offer possibility
THE shareholders of Ondeo Nalco India Ltd (formerly Nalco Chemicals India Ltd) are likely to benefit as Suez Lyonnaise des Eaux, the acquirer of US-based parent of Ondeo Nalco India in 1999, may have to make an open offer to the non-promoter ... More

Mukta Arts in limelight
THE Subhash Ghai-promoted Mukta Arts attracted market attention on Wednesday. Volumes increased from 2.04 lakh shares on Tuesday to 6.27 lakh shares on Wednesday on the BSE. On the NSE, volumes jumped from 3.05 lakh shares to 11.53 lakh shares. ... More

DERIVATIVES MARKETS


Buy August 3200 Infy puts
THE following are some buy/sell strategies based on Wednesday's trading in the derivatives segment at the NSE: Equity options: The outlook on BPCL is uncertain due to the divestment factor. On the upside, the stock may touch Rs 315, and ... More

REGULATORY BODIES & RULINGS


Panel not for mandatory listing on regional bourses
The recommendation for abolition of mandatory listing at regional stock exchanges is good news for a number of large corporates. They have been complaining that mandatory listing with very little liquidity and trading is only adding to their costs w ithout any commensurate benefit to investors or the companies. More

COMMENTARY


ITC bucks weak trend; tech stocks take a beating
Weakness in the US equities and an economic think tank's pessimistic outlook on agricultural production led to a fall in equities on Wednesday. Consequently, the BSE Sensex ended the day lower by 15.70 points at 3,020.70 points. The Sensex ... More
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