The Hindu Business Line : Tuesday, November 19, 2002

SEBI seeks views on panel report on real estate MF
THE Securities and Exchange Board of India (SEBI) has set the ball rolling on the long-pending issue of the launch of real estate mutual funds. It has called for comments on the report of the sub-committee appointed by the Association of Mutual ... More

TECHNICAL ANALYSIS

Initial gains not held
BULLS exerted further pressure during the initial hours of Monday's trading. Later on, bears took over and recouped most of their day's losses. Click here for table The market sentiment reading of the ... More

STOCK EXCHANGES

CSE panel rejects defaulters' offer
The CSE governing committee met on Monday and decided to hold the postponed AGM on November 21 as announced earlier. More

STOCK MARKETS

CMC scrip slide queers sale pricing
THE recent slide in the share price of CMC Ltd and the confusion over price discovery has put the Union Government in a fix over exercising the put option clause to sell its residual 26 per cent stake in the company. The Government's put option ... More

Steel stocks gain on value-buying
BACKED by an expected revival in steel demand and a firm trend in prices, stocks of steel companies across the board gained momentum on value buying on the bourses on Monday. Reports of steel in China touching a six-year high and talk of an ... More

Cement stocks firming up
COUNTERS of cement companies have been witnessing increased activity over the past few days on the back of an expected hike in cement prices as well as projections of good volume growth in the coming months. The frontline cement counters have ... More

Intense activity in Tata Engg
THE counter of Tata Engineering saw intense activity on Monday. According to market sources, a foreign brokerage had bought about five lakh shares. The deal was made primarily on the NSE counter. Tata Engineering had recently launched a ... More

DERIVATIVES MARKETS

Buy December 980 Nifty calls
THE following are some buy/sell strategies based on Monday's trading in the derivatives segment at the NSE: Equity options: The outlook on BPCL appears positive. The upside projection is Rs 200, while the downside projection is Rs 167. ... More

ASSET MANAGEMENT COMPANIES

Zurich AMC plans capital restructuring
ZURICH Asset Management Company India Private Ltd (Zurich AMC) has sought permission from the Foreign Investment Promotion Board (FIPB) for converting 22,324,000 equity shares of Rs 10 each held by Zurich Finance (Mauritius) Ltd (ZFML) into ... More

REGULATORY BODIES & RULINGS

SEBI tells Grasim to hold L&T open offer
THE Securities and Exchange Board of India today asked Aditya Birla group company Grasim Industries Ltd to put on hold its open offer to shareholders of Larsen & Toubro at Rs 190 per share. A Grasim official confirmed the SEBI directive, but ... More

COMMENTARY

Old economy scrips firm; technology stocks slide
EXTENDING the gains recorded last week, the stock market ended the day on a firm note. After opening at 3046.9, the Sensex went on to touch a high of 3070.28. Profit-booking in a few index heavyweights dragged the Sensex off the highs to close at ... More

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Industrial fuels sale up in October

Kelkar report — More woes for salaried, aged

Festive October brings smile back to auto sector players

Met office aiming at accurate forecast

Non-basmati varieties may take a beating

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