The Hindu Business Line : Thursday, October 31, 2002

Pru ICICI Mutual to launch ETF
PRUDENTIAL ICICI Mutual Fund plans to launch an exchange traded fund (ETF) under the acronym SPIcE that is Sensex Prudential ICICI ETF, mirroring the Bombay Stock Exchange (BSE) 30-shares sensitive index (Sensex). The open-ended scheme will ... More

SEBI tightens noose around trustee cos, AMCs
THE capital markets regulator, SEBI has tightened the noose around asset management companies (AMCs) and trustee companies in the mutual funds industry. It has now stipulated that an AMC and a trustee company would have to necessarily appoint ... More

TECHNICAL ANALYSIS

Range-bound movement
WEDNESDAY'S market action witnessed narrow movement. Neither bulls nor bears could gain from the day's activity. The sentiment reading of the tradable counters stands Bullish. Bear domination on Thursday is likely to change the reading in its ... More

STOCK MARKETS

McDowell, Kingfisher have rough ride
IT has been a rough ride on the bourses for the Vijay Mallya companies - - McDowell and Co Ltd and Kingfisher Properties. The stock of Kingfisher Properties has been losing ground sharply. (Post-restructuring, United Breweries' beer ... More

It's volumes game in Mahindra
THE Mahindra & Mahindra stock today witnessed huge volumes on the Bombay Stock Exchange and the National Stock Exchange following improved second quarter results. The stock recorded a combined volume of over 17.59 lakh shares on the two bourses. ... More

Crompton active on rejig hopes
CROMPTON Greaves on-going restructuring is likely to benefit in the current fiscal. Dealers believe that the current fiscal for the company as one of consolidation. The savings arising from its restructuring operations and debt reduction should ... More

FOREIGN INSTITUTIONAL INVESTORS

RBI okays HLL's FII limit rise
MUMBAI: The Reserve Bank of India has approved the increase in foreign institutional investor holding limit in FMCG major, Hindustan Lever Ltd, to 49 per cent from 24 per cent. This is expected to push India's standing in the Morgan ... More

REGULATORY BODIES & RULINGS

SEBI directs new owners of Widia, FAG Bearings to make open offers
THE Securities and Exchange Board of India (SEBI) has ordered the new owners of Widia India Ltd (WIL) and FAG Bearings India Ltd (FBIL) to make open offers to their Indian shareholders for acquisition of shares following the transfer of ownership ... More

SEBI clears Sardas open offer for BSL
THE open offer of the Sardas for taking over BSL Ltd is likely to hit the market some time after Diwali. The Securities and Exchange Board of India (SEBI) has finally cleared the proposal. Talking to Business Line, a senior official of ... More

COMMENTARY

Select stocks gain in narrow trading
DESPITE the positive trend in index heavyweights and gains recorded by select stocks on the back of good earnings performance, the key indices on Wednesday could not hold on to the rally witnessed the previous day. The indices, however, ended up ... More

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