Financial Daily from THE HINDU group of publications
Tuesday, September 24, 2002
Markets (Sept. 23)
BL 2501034.35 (-0.68)
BSE Sensex3021.28 (-3.07)
S&P CNX Nifty970.30 (+0.70)
Dollar (Buy/Sell)48.37/48.50
Gold Std (10 gm)5290 (+20)

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MARKETS

MUTUAL FUNDS


NPA Ordinance for UTI, co-op banks on hold
THE Government has put on hold the proposal to bring Unit Trust of India (UTI) and urban co-operative banks (UCBs) under the Ordinance for recovery of non-performing assets (NPAs). The decision comes at a time when the Ministry of Finance is ... More

HSBC Mutual plans new schemes for big investors
HSBC Mutual Fund has lined up an income scheme aimed at institutional investors. The offer document has already been lodged with the Securities and Exchange Board of India for approval. The proposed scheme will come with two options — ... More

TECHNICAL ANALYSIS


Narrow movement
MONDAY'S trading activity witnessed narrow movement. Bulls were successful to the extent of reducing the bear count by a considerable margin. However, the sentiment reading of the tradable counters continues to remain bearish. Bull domination on ... More

STOCK EXCHANGES


BSE kicks off awareness programme
BSE has kicked off a series of programmes in the State with the objective of creating awareness among investors about their rights and safeguards along with a view to addressing their grievances. The first such programme was held on Sunday. The ... More

STOCK MARKETS


ACC down on doubts over profit
THE decline in cement prices in Maharashtra in the first half of the current fiscal is likely to have a negative impact on the profits of cement major ACC. The market talk is that ACC's profit before tax would be lower by around 48 per cent ... More

Promoters consolidating stake in Madras Cements?
MADRAS Cements, a highly illiquid counter, saw volume growth at 15,842 shares on Monday from Friday's meagre 35 shares on the Bombay Stock Exchange. The stock price also moved to Rs 4,047 from Rs 4,000. According to market participants, two ... More

Block deals in HDFC Bank
ON a dull trading day, the HDFC Bank counter witnessed increased activity, thanks to some positive news. On the NSE today, volumes shot up to 96,244 shares from 17,198 shares traded on Friday. Traded quantity on the BSE stood at 89,380 shares, up ... More

Special margin on 82 scrips
MUMBAI: The Bombay Stock Exchange has imposed special margins on 82 scrips from Monday. The rates of special margins have been revised keeping in view the closing price of the scrip on the last day of the settlement, according to a ... More

DERIVATIVES MARKETS


Buy October puts on HPCL
THE following are some buy/sell strategies based on Monday's trading in the derivatives segment at the NSE: Equity options HPCL: The outlook on the stock remains negative. The price projection on the downside is Rs 177, and that ... More

FOREIGN INSTITUTIONAL INVESTORS


FII ceiling up in Balaji Tele, GTL
THE Reserve Bank of India has notified that foreign institutional investors (FIIs) can now purchase equity shares and convertible debentures in Balaji Telefilms Ltd up to 40 per cent and in GTL Ltd up to 74 per cent of the paid-up capital. The ... More

COMMENTARY


Markets remain calm; few stocks active
THE stock market adopted a cautious stance on Monday's trading, unwilling to shed the jitters which had gripped it over the past few weeks. Click here for table The BSE Sensex remained largely unchanged, shedding a ... More

IPOS


Union Bank to make market debut today
UNION Bank of India's IPO will get listed on both the Bombay Stock Exchange and the National Stock Exchange tomorrow. The issue of Rs 288 crore, which was oversubscribed over five times, attracted heavy retail and corporate investments, said Mr ... More

RIGHTS ISSUES


Lakshmi General rights issue fully subscribed
LAKSHMI General Finance (LGF) has announced the full subscription of its rights issue. In a press release, LGF said it had issued 10,00,000 equity shares of Rs.10 each at a premium of Rs 50 per share on rights basis. About 50 per cent of the ... More
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