Financial Daily from THE HINDU group of publications
Thursday, November 14, 2002
Markets (Nov. 13)
BL 2501038.59 (+3.22)
BSE Sensex2960.66 (-0.58)
S&P CNX Nifty962.65 (+2.80)
Dollar (Buy/Sell)48.29/48.36
Gold Std (10 gm)5300

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MARKETS

OPEN OFFERS


Kennametal to make open offer for 23 pc Widia stake
THE world's second largest metals company Kennametal Inc., which bought out Widia India from Milacron, has proposed to make an open offer to acquire up to 23.32 per cent of the outstanding equity stake held by the public at Rs. 76.28 per equity ... More

MUTUAL FUNDS


LIC Mutual launching Index fund today
LIC Mutual Fund, sponsored by the Life Insurance Corporation of India, has announced the launch of its Index Fund, an open-ended index linked scheme seeking to provide capital growth by investing in index stocks. This is the first full-fledged ... More

TECHNICAL ANALYSIS


Initial gains not held
BULLS exerted further pressure during the initial hours of Wednesday's trading. Thereafter, bears made a comeback and recouped their early losses. Bulls were successful in reducing the bear count by a substantial margin. The market sentiment ... More

STOCK MARKETS


Bajaj Auto in top gear on Kawasaki `interest'
THE stock price of Bajaj Auto has been on a roller coaster ride in the recent past. Impressive second quarter performance and the company's decision to introduce two new models in the immediate future have ensured continued interest in the ... More

Disinvestment hopes fuel rally in HPCL
NEWS that the disinvestment of Hindustan Petroleum Corporation Ltd (HPCL) may finally be on track, with a meeting of key Union Ministers reportedly scheduled on November 19, today propelled the company's stock on the bourses. The HPCL stock ... More

Max India in limelight
THE stock of Max India Ltd has been on the rise with analysts putting the buying interest to a good quarterly performance and an increase in the BPO business prospects. The Max India stock has gained about 16 per cent since November 8. And ... More

Gas talk pumps up interest in Reliance
Buying interest on the Reliance Industries has seemingly increased with huge volumes in the counter on Wednesday. According to market sources, both institutional and retail investors were flocking to the counter ever since Reliance declared a ... More

DERIVATIVES MARKETS


Tata Steel: Outlook negative
THE following are some buy/sell strategies based on Wednesday's trading in the derivatives segment at the NSE: Tata Steel: The outlook on the stock appears negative. The downside price projection is Rs 114, while the upside projection is ... More

REGULATORY BODIES & RULINGS


Formal SEBI probe soon into circular trading
THE Securities and Exchange Board of India (SEBI) plans to launch a formal investigation into the allegations of circular trading in certain stocks involving broker Rakesh Jhunjhunwala, Kotak Securities Ltd, and four other broking ... More

COMMENTARY


Reliance maintains momentum in narrow trading
AFTER some recovery on Tuesday, the Sensex ended on a flat note on Wednesday. After opening on a firm note at 2972.35, the Sensex went on to touch a high of 2977.67. Profit-bookings coupled with absence of any positive triggers pulled the Sensex ... More

ECONOMIC OFFENCES


Holes in system may have led to stock scam: Jaswant
THE Finance Minister, Mr Jaswant Singh, today told the Joint Parliamentary Committee (JPC) probing the stock scam that there were deficiencies in the regulatory system that could have led to the scam in March 2001. Mr Singh conceded that there ... More
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Top Stories
MS, Wipro may go hand in hand to take on IBM — To enter into BPO relationship soon


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Interest waiver, a short-term relief

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In Depth
Gender Justice
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Small Investor
Looking back
Nov. 3-Nov. 9
Treat investors' complaints lightly... at your own cost

`Our strategy is to invest in top-rung companies' — Mr Sanjay Sachdev, CEO, IDBI Principal Mutual

Insider buying a challenge


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