The Hindu Business Line : Saturday, October 19, 2002

SEBI to look into plaint on open offer — Birlas mop up more L&T shares
THE Aditya Birla group has purchased 3.42 lakh shares, or 0.14 per cent of the equity capital, of Larsen and Toubro Ltd, from the open market even as the capital markets regulator, Securities and Exchange Board of India (SEBI), said it would look ... More

MUTUAL FUNDS

`Equity, balanced funds post negative returns'
RETURNS on equity and balanced funds during September 2002 were in the negative territory on the back of poor performance in equity markets while diversified funds underperformed the Sensex, suffering the largest losses seen in September, says ... More

TECHNICAL ANALYSIS

Initial gains not held
BULLS were in control of the initial hours of Friday's trading. Later on, bears took over and recovered their early losses. Bulls were successful to the extent of initiating a few uptrend counters in the tradable list. The market sentiment ... More

STOCK EXCHANGES

BSE shuffles A, B1 groups' stocks
THE Bombay Stock Exchange today said that 56 scrips have been shifted from the `B1' to A-group, making the new list of `A' group equal to 200 scrips. The changes would come into effect from November 11, the BSE said in a statement. The new ... More

BSE revamps PSU index

STOCK MARKETS

Polaris sees heightened activity
POLARIS Software saw heightened activity on Friday. Market sources attribute the sharp activity to the possible change in the swap ratio in the OrbiTech merger. The talk in the market was that the merger ratio announced earlier — where ... More

Block deals in Eveready Ind
EVEREADY Industries saw sharp increase in volumes today on the major bourses, taking the market by surprise. Backed by a number of block deals, the counter recorded combined volumes of 6.6 lakh shares on the Bombay Stock Exchange and the National ... More

Alliance cuts stake in United Phos
ALLIANCE Capital Asset Management India Pvt Ltd has reduced its stake in the agrochemical company United Phosphorus to 2.43 per cent. The mutual fund had earlier acquired 13.22 lakh shares, amounting to 5.19 per cent of the paid-up capital of ... More

DERIVATIVES MARKETS

Buy November calls on Tata Engineering
THE following are buy/sell strategies based on Friday's trading in the derivatives segment at the NSE: Equity options Tata Engg: The near-term outlook on this stock appears negative. The downside projection level is Rs 126, ... More

COMMENTARY

ICICI Bank, Wipro slide in narrow trading
THE benchmark BSE Sensex traded in a narrow band on Friday to end the week marginally higher even as the gains in the tech and cement stocks were offset by ICICI Bank's fall. On Friday, the Sensex edged up marginally by 3.62 points (0.12 per ... More

ECONOMIC OFFENCES

CSE probe: Police digs up old SHCIL complaint
THE Kolkata Police on Friday sprung a surprise by digging up an old complaint lodged by Stock Holding Corporation of India Ltd (SHCIL) related to the March 2001 payments crisis on the Calcutta Stock Exchange. Based on the SHCIL complaint, six ... More

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