Financial Daily from THE HINDU group of publications
Friday, September 13, 2002
Markets (Sept. 12)
BL 2501068.61 (+3.32)
BSE Sensex3131.34 (+5.68)
S&P CNX Nifty1001.65 (+2.80)
Dollar (Buy/Sell)48.41/48.54
Gold Std (10 gm)5230 (+10)

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MARKETS

OPEN OFFERS


Widia India open offer likely soon
WIDIA India Ltd is planning to come out with an open offer to mop up shares held by the Indian public. Though the exact date is yet to be finalised, sources familiar with the developments said that it could be sometime during the third quarter ... More

MUTUAL FUNDS


CanLiquid declares dividend
CANBANK Mutual Fund has announced its thirty-fourth weekly dividend in the CanLiquid scheme. According to a press release issued by Canbank Investment Management Services Ltd here, the dividend works out to Re. 0.0154 per unit (that is, 7.03 ... More

TECHNICAL ANALYSIS


Narrow movement
FOR the second successive trading day, the market witnessed narrow movement. Neither the bulls nor the bears could gain from the day's trading. The market sentiment reading of the tradable counters continues to remain neutral. Bear domination on ... More

STOCK EXCHANGES


CSE fiat to members on client information
THE Calcutta Stock Exchange has, in a message to its members, reminded them that brokers will have to ensure confidentiality of client information, a requirement desired by the market regulator, the Securities and Exchange Board of India. The ... More

MRTPC clean chit to Ahmedabad bourse
THE Ahmedabad Stock Exchange (ASE) has been absolved of the charges of "not being investor-friendly" by the Monopolies & Restrictive Trade Practices Commission (MRTPC). The commission was considering an application on unfair trade practices filed ... More

STOCK MARKETS


Block deal in Cipla
THE Mumbai-based pharmaceutical major Cipla witnessed a block deal on Thursday. According to dealers, the quantum of the deal was in the region of 1.35 lakh shares. However, the stock faced sustained selling pressure. Cipla closed at Rs 925.60, ... More

Cement stocks firm up on price hike hopes
WITH the monsoon coming to end in most parts of the country, cement counters saw increased interest from stockbrokers in anticipation of hike in cement prices. The activity in cement companies' was also on anticipation of increased construction ... More

Eicher Motors up on sales growth
THE Eicher Motors stock moved up on Thursday on the major bourses on news of substantially higher sales growth recorded by the company in August. On the Bombay Stock Exchange, after touching a day's high of Rs 67.95, it closed at Rs 66.80 with ... More

DERIVATIVES MARKETS


Satyam, Reliance calls attract market attention
THE options segment registered a turnover of Rs 249.27 crore through 27 securities that were traded today. Satyam Computer September call option at a strike price of 240 was the most actively traded contract today. The contract value registered ... More

REGULATORY BODIES & RULINGS


SEBI to turn the heat on takeover code violators
COMPANIES or individuals who have acquired shares of other firms by violating the provisions of the takeover code may soon find the Securities and Exchange Board of India (SEBI) divesting such shares either through a public auction or market ... More

COMMENTARY


Company-specific events to fore in lacklustre market
THE markets took a breather on Thursday after a more than one per cent jump during the previous day. Most counters moved sideways and institutions were seen consolidating positions in some information technology counters. However, the session was ... More
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Top Stories
Tata Teleservices to enter TN market on CDMA platform


Indian Hotels acquires Regent Hotel — Makes North Mumbai entry with Rs 452-cr deal

RBI directs Global Trust to change auditors

Cotton shippers blacklist `defaulter' textile mills — Stop exports to TN spinners seeking dues

Calling New York cheaper than dialling Delhi?

Industrial growth 6.4 pc in July — CSO data point to revival trend

Productivity-linked reward scheme — Port, dock workers to press for flat 20 pc payment

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Sep. 1-Sep. 7
Panel for representation of brokers on exchanges — Report moots governance norms

Kania report fallout — CSE staff urge SEBI to allow NSE hubs


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