The Hindu Business Line : Wednesday, October 23, 2002

Sun F&C rules out merger of Jardine scheme, income fund
A few months after taking over two schemes floated by Jardine Fleming, SUN F&C Mutual Fund has sought to drive home the difference between its flagship income fund and the bond fund that was originally Jardine's. Money Value Fund, which the MF ... More

TECHNICAL ANALYSIS

Bears march ahead
BEARS extended further pressure over Tuesday's trading activity. Their dominance for the second successive trading left the bulls with no opportunity to recover. The market sentiment reading of the tradable counters stands bearish. Bull ... More

STOCK MARKETS

ABB trips as parent issues profit-warning
THE stock of electrical engineering major ABB fell sharply today following the announcement by the company's parent in Zurich of profit warning and plans to file for creditor protection for the US unit that is saddled with asbestos claims. The ... More

ONGC slips as crude prices soften
THE ONGC stock today moved down by around 6 per cent on major bourses on a selling binge as global crude oil prices softened on Tuesday. "Crude (Brent) for November delivery fell to $26.59 from Monday's level of $28 a barrel. This is a 7-week ... More

HCL Tech tumbles as numbers disappoint
THE stock of HCL Technologies crashed by almost 18 per cent on the bourses on the back of disappointing quarterly results announced today. On the Bombay Stock Exchange (BSE), the stock fell 17.85 per cent to close the day at Rs 174.65 and on ... More

Hero Honda volatile on funds' activity
HERO Honda in the last couple of weeks has been very volatile. This was evident on Wednesday as well when the stock fell by 6.43 per cent at Rs 235.85 with volumes of 3.67 lakh shares on the BSE. On the NSE, the stock closed at Rs 235.50, down ... More

VSNL hits 52-week low on bourses
VIDESH Sanchar Nigam Ltd today sank to its 52-week low on both BSE as well as NSE, touching Rs 97.1 per share on BSE and Rs 98.3 per share on NSE before closing on both the exchanges at Rs 100.8 per share. Market analysts expressed little ... More

Eicher Motors down on profit-booking
THE Eicher Motors stock today declined by about 3.5 per cent on profit booking after yesterday's price spurt on the major bourses following announcement of better second quarter results. The stock closed on Bombay Stock Exchange at Rs 80.80 (Rs ... More

REGULATORY BODIES & RULINGS

SEBI cancels registration of 65 brokers
SEBI today cancelled the registrations of 65 stockbrokers, who are member of various stock exchanges. Of these, 12 were members of the NSE. Registration of these brokers has been cancelled after they were declared defaulters by the stock ... More

COMMENTARY

Heavy selling in tech, two-wheeler stocks
EQUITIES ended the day on a weak note after jittery investors began to book profit in technology stocks, and thereby triggered a slide across-the-board. The BSE Sensex ended the day at 2,965.97 points, lower by 32.04 points (1.07 per cent) in ... More

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