The Hindu Business Line : Tuesday, September 10, 2002

Birla Mutual launches two new schemes
BIRLA Sun Life Mutual Fund today announced the launch of two new schemes — Birla Index Fund and Birla Midcap Fund. The initial public offer for the Index Fund at Rs 10 per unit will open on September 10 and close on September 17, 2002. ... More

TECHNICAL ANALYSIS

Bears prevail
BEARS exerted their sway over the initial hours of Monday's trading activity. Bulls made a comeback towards the end of the day and recovered their early losses. However, the sentiment reading of the tradable counters stands Bearish. Bull ... More

STOCK EXCHANGES

Gammon India in BSE-500
MUMBAI: The Bombay Stock Exchange (BSE) has informed that Gammon India will replace Sandvik Asia in the BSE-500 index. The move was necessitated following the delisting of Sandvik Asia from September 9, in pursuant to compliance with ... More

BSE revises special margins on 87 scrips
The rates of special margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. The special margins will be imposed on the basis of member-wise gross purchase or sales position (client-wise net), ... More

Shree Krishna Paper delists from JSE
MUMBAI: Shree Krishna Paper Mills & Industries Ltd has informed BSE that the company's equity shares have been delisted from Jaipur Stock Exchange (JSE) from August 27. ... More

STOCK MARKETS

Bear run in PSU stocks
PSU stocks took a heavy beating on the bourses today, wiping out thousands of crores in market capitalisation following the Government's decision to defer the sale of oil majors such as BPCL and HPCL. The two stocks alone accounted for a ... More

Fund managers still upbeat
DESPITE the panic selling and lack of clear direction from the Government on disinvestment, fund mangers are still upbeat on PSU stocks. They said most of the PSU stocks are still attractively priced, and would, in fact, provide good dividend ... More

FII interest perks up in ICICI Bank
ICICI Bank opened stronger on Monday with a huge block deal. Dealers said that a prominent foreign institutional investor had placed an order for a block of 10 lakh shares on the BSE at Rs 142. . However, the stock witnessed selling pressure ... More

PSUs' loss is infotech's gain
WITH the disinvestment story fizzling out, the PSU sector's loss seems to have become the technology sector's gain as players repositioned themselves to go overweight on tech stocks on the bourses today. Most tech stocks gained on the exchanges ... More

DERIVATIVES MARKETS

Nifty spot-futures gap widens
NIFTY index closed today at 998.55 where as Nifty September futures last traded at 984, a discount of 14.55 points (1.45 per cent). However, in recent days the discount had not been so high, dealers said. For instance, on Friday, Nifty closed ... More

Negative outlook on Satyam, Tata Steel
THE following are some buy/sell strategies based on Monday's trading in the derivatives segment on the NSE. Equity options Satyam: The outlook on the stock appears negative. The immediate price projection on the downside is Rs ... More

COMMENTARY

HPCL, BPCL hammered down; lose over 20 pc
THE postponement of the Government's disinvestment's programme in Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) saw a strong negative sentiment sweeping the markets on Monday. While, in part such an outcome ... More

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