The Hindu Business Line : Wednesday, September 04, 2002

Dividend, tax relief for US-64 — Bail-out unlikely to raise Govt borrowing
THE Government has decided to allow UTI-I to pass on any dividend received from corporates in which it has investments to US-64 unitholders. The unitholders, in turn, will be exempt from paying dividend tax. It also proposed a capital gains tax ... More

IDBI-Principal fund targets trusts
IDBI-Principal Mutual Fund today announced the launch of its Trust Benefit Fund, a new scheme targeted specifically at charitable, religious and educational trusts as well as housing societies and other non-profit organisations. The Trust ... More

Debt or equity... a tough choice indeed!
MAKING an investment decision is no cakewalk. And, current market conditions certainly haven't made the process any easier for retail investors. Take, for example, a decision of whether to look at debt or equity offerings of a mutual fund at ... More

Alliance Mutual frontline fund mops up Rs 100 cr
ALLIANCE Mutual Fund's Frontline Equity Fund (AFEF), an open-ended equity scheme, had received subscriptions of over Rs 100 crore through its initial public offer, which closed on August 30. According to a press release, AFEF will invest in ... More

TECHNICAL ANALYSIS

Bear domination
BEARS were in total command of Tuesday's trading activity. Bulls were unable to make any impact during the day's trading. The sentiment reading of the tradable counters stands strongly in favour of the bears. Bull domination on Wednesday is ... More

STOCK EXCHANGES

Panel for representation of brokers on exchanges — Report moots governance norms
THE report by the SEBI-instituted group on corporatisation of stock exchanges has welcomed the representation of brokers on governing boards of the exchanges. This has been pointed out by brokers operating out of regional stock exchanges, ... More

STOCK MARKETS

Wimco damp; open offer looks distant
THE open offer for the shareholders of match manufacturer Wimco from its parent Swedish Match Company is likely to be delayed. The talk is that the issue will come up before the Securities Appellate Tribunal (SAT), as the parent company is ... More

Package talk bails out IFCI
THE stock of IFCI is in the limelight, with the Government reportedly close to announcing a bail-out package. The stock has been rising in anticipation of the announcement of the package. Today, the stock went up 6.25 per cent to close at Rs ... More

DERIVATIVES MARKETS

Buy 180 straddle on L&T
THE following are some buy/sell strategies based on Tuesday's trading in the derivatives segment at the NSE: Equity options: L&T: The outlook on the stock appears somewhat uncertain. The price projection on the upside is Rs ... More

COMMENTARY

Heavyweights come under selling pressure
SELLING in key stocks such as Hindustan Lever, ITC, Reliance and Infosys Technologies reversed a four-day rally in the market, resulting in the barometer BSE Sensex closing on Tuesday at 3,159.77 points, a drop of 27 points compared ... More

Stock Quotes
SE Diary

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`Bank rate cut will not exceed 50 basis points'

SDG unveils software to detect money laundering

Panel for representation of brokers on exchanges — Report moots governance norms

Centre cracks whip on `paddy tender mafia'

NTPC to float arm for power trading — Maiden deal with Kayamkulam

Railways to run dedicated parcel trains

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Aug. 25-Aug. 31
`Market to sit on debt till recovery seen in equities' — Mr K. Rajendra, Vice-President, Prudential ICICI MF

`SE boards must have equal numbers from all stakeholders'

SEBI proposes `corporate governance rating' soon — In touch with Crisil, ICRA

Kania panel for scrapping of regional SE concept