The Hindu Business Line : Tuesday, October 01, 2002

Bear domination
BEARS were in total command of Monday's trading activity. Their dominance left the bulls with no opportunity to recoup their losses. The market sentiment reading of the tradable counters stands strongly bearish. Bull domination on Tuesday is ... More

STOCK MARKETS

Global fall drags Sensex below 3,000 points
DEPRESSED global markets, mainly Nasdaq, coupled with disinvestment delays saw share prices on major bourses closing considerably lower today. The 30-share benchmark sensitive index (Sensex) of the Bombay Stock Exchange breached the ... More

HPCL, BPCL slide sharply
THE stock prices of oil PSUs came under heavy selling pressure on Monday following reports that the Ministry for Disinvestment had returned the deposit money to the prospective advisors for the divestment of the Government stake in Hindustan ... More

Bonus hopes lift P&G
FMCG major Procter & Gamble was in the limelight on Monday on rumours that the company was planning to issue bonus shares. According to market sources, the counter witnessed good buying from institutional investors on the back of this rumour. ... More

Bharti Tele in BSE indices
BHARTI Tele-Ventures will replace Reliance Petroleum (RPL) in BSE-100 and BSE-200 indices while Macmillan India would take RPL's place in BSE-500 index. The changes will take effect from October 10 following the merger of Reliance Petroleum ... More

Strong order book for infotech majors?
MUMBAI: Tech heavyweights such as Infosys and Wipro seem to have built up a strong order book during the second quarter. The trend, analysts said, was expected to be reflected in improved toplines for the quarterly results. According to ... More

DERIVATIVES MARKETS

Short-term outlook on BHEL negative
THE following are some buy/sell strategies based on Monday's trading in the derivatives segment at the NSE: Equity options BHEL: The near-term outlook on this stock appears negative. The price projection on the downside is Rs ... More

COMMENTARY

Market reels under sell-off delay, global meltdown
THE combination of concrete signals of delay in the disinvestment programme and decline in the US indices on Friday's trading proved to be a double whammy for the BSE Sensex during Monday's trading. The Sensex tumbled by 45.90 points (or 1.51 per ... More

IPOS

IOC awaits Govt nod for 10 pc equity issue — Plans Rs 30,000-cr investments in 10th Plan
OIL major IOC has planned Rs 30,000 crore investments during the 10th Five-Year Plan. The company was currently implementing projects worth Rs 12,000 crore, Mr M.S. Ramachandran, Chairman, told shareholders at the company's annual general meeting ... More

ECONOMIC OFFENCES

Mumbai police too are after CSE scam tainted
THE Mumbai police has informed its counterpart in Kolkata that it also wants certain individuals closely linked with the recent siphoning out of funds from the Calcutta Stock Exchange (CSE). With this, the ongoing investigation into the affairs ... More

SHCIL gives more leeway to Haribhakti
STOCK Holding Corporation of India Ltd (SHCIL) has given more room to Haribhakti and Co ``to dig out the truth'' in the case involving SHCIL and IndusInd Bank, according to Mr K.C. Bandhopadhyay, its new chief. The firm has been retained by ... More

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