Financial Daily from THE HINDU group of publications
Wednesday, October 09, 2002
Markets (Oct. 8)
BL 2501025.43 (+5.15)
BSE Sensex2973.35 (+20.57)
S&P CNX Nifty960.80 (+6.05)
Dollar (Buy/Sell)48.30/48.43
Gold Std (10 gm)5270 (-20)

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MUTUAL FUNDS


Mutual funds yet to take to index funds in big way
AT a time when more and more mutual funds are coming out with index products, the Bombay Stock Exchange is trying hard to spread the word about its flagship benchmark, the 30-share Sensex. A review by Mr Hitesh Porwal of BSE's index cell, has ... More

TECHNICAL ANALYSIS


Bulls march ahead
BULLS extended their pressure over Tuesday's trading activity. Their dominance for the second successive day left the bears with no opportunity to recover. The market sentiment reading of the tradable counters stands bullish. Bear domination on ... More

STOCK EXCHANGES


CSE probe: ED looking into FEMA violations
THE Enforcement Directorate (ED), Mumbai, today made enquiries about possible violation of Foreign Exchange Management Act (FEMA) by the persons accused in the Calcutta Stock Exchange case. This happened on a day marked by the questioning of ... More

STOCK MARKETS


Major fund sells Balaji Telefilms
A leading private sector mutual fund has turned bearish on the Balaji Telefilms , the media company famous for serial names starting with `K'. The talk in the market is that the serials of the company had not been getting good viewership as in ... More

Gujarat Ambuja Cement gains on higher sales
THE Gujarat Ambuja Cement stock today moved up with sizeable volumes on the BSE and the NSE on news of improved despatches and production numbers for September. The stock closed at Rs 164.95 on the BSE after touching the day's high of Rs 165.50 ... More

Zee Telefilms surges on new programming
THE stock price of Zee Telefilms Ltd (ZTL) gained sharply today on expectations that the company's new programming initiative involving screening new movies would boost viewership of its TV channel and improve advertisement revenues. The stock ... More

DERIVATIVES MARKETS


Buy 170 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 uncertain. The price projection on the upside is Rs 188.50, and ... More

COMMENTARY


Infotech, PSU stocks continue upward journey
BUYING in technology stocks and the continuing momentum in PSU stocks on disinvestment hopes ensured that the benchmark BSE Sensex finished in the positive territory for the second consecutive trading day on Tuesday. It closed at 2973.35, a gain ... More

IPOS


Development Credit Bank mulling IPO
DEVELOPMENT Credit Bank Ltd (DCB) is weighing the option of tapping the capital market with an initial public offer (IPO) in the near future. Stating this at a press conference here on Tuesday, the DCB Chairman, Mr Naushad I. Padamsee, said ... More
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