The Hindu Business Line : Friday, November 22, 2002

Birlas may have got control of L&T in 2001: SEBI
THE Securities and Exchange Board of India (SEBI) on Thursday told the Securities Appellate Tribunal (SAT) that several "material facts" have emerged that suggest the Birlas may have gained management control of L&T when they bought 10.6 per cent ... More

MUTUAL FUNDS

Birlas to bid for Alliance Cap — To consider Pioneer ITI buy as benchmark
BIRLA Mutual Fund will bid for Alliance Capital, one of the two foreign fund houses that are seen to be pulling out of the country. This is the first time that a major player has publicly expressed its desire to consider acquiring Alliance. The ... More

TECHNICAL ANALYSIS

Bulls consolidate further
BULLS exerted further pressure over Thursday's trading activity. Their dominance left the bears with no opportunity to recoup their losses. The market sentiment reading of the tradable counters remains strongly bullish. Bear domination on ... More

STOCK EXCHANGES

CSE members decline to pass accounts at reconvened AGM
THE Calcutta Stock Exchange members did not pass the resolution related to 2001-02 accounts at its reconvened AGM today, but the resolution pertaining to appointment/re-appointment of three directors was adopted. The chairman of the meeting, Mr ... More

STOCK MARKETS

IDBI Bank gains on talk of foreign interest
THE stock of IDBI Bank has been witnessing intense activity in the past few days as news of foreign banks picking up stake in the bank trickled in. IDBI Bank has gained about 14 per cent since November 11. Today, the stock jumped 10.76 per ... More

Order talk pushes Infosys up
TECHNOLOGY major Infosys Technologies ended considerably higher on Thursday on rumours that it could be bagging a large order soon. According to market sources, many funds fancied the stock in a big way. There was also talk that the company could ... More

Media stocks in limelight
STOCKS of media companies have climbed up in recent times. These include Balaji Telefilms (BTL), Television Eighteen (TV18) and Sri Adhikari, led by Zee Telefilms. Analysts tracking the sector said the upturn in media stocks was a reflection ... More

Arvind Mills rises on bargain-hunting
The stock of Arvind Mills has been witnessing significant volume on the bourses in recent times on bargain-hunting spree. According to brokers and analysts, the stock has seen sudden spurt in volumes in the last two sessions with over 10 per ... More

DERIVATIVES MARKETS

Construct December bull call spread on Nifty
THE following are some buy/sell strategies based on Thursday's trading in the derivatives segment at the NSE: Equity options: The outlook on Satyam is positive, but the upside is limited. The upside price projection is Rs 276, which is ... More

COMMENTARY

Infotech stocks maintain firm trend
PROPELLED by all round buying in technology stocks, which got a boost after the overnight gains posted on the Nasdaq, the Sensex continued its northward march for the fifth consecutive session on Thursday as it ended at 3101.36 points, a gain of ... More

ECONOMIC OFFENCES

Former CSE chief remanded
THE Chief Metropolitan Magistrate of Kolkata, Mr S.C. Misra, today remanded Mr Dinesh Kumar Singhania, former President of Calcutta Stock Exchange, who was arrested on Wednesday, to police custody till December 4. The court also fixed November ... More

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