Financial Daily from THE HINDU group of publications
Wednesday, December 04, 2002
Markets (Dec. 03)
BL 2501103.24 (-13.77)
BSE Sensex3230.14 (-40.22)
S&P CNX Nifty1055.00 (-12.90)
Dollar (Buy/Sell)48.21/48.34
Gold Std (10 gm)5210

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OFFHAND


Ostracising terrorist states
THERE was no doubt which country the Deputy Prime Minister, Mr L.K. Advani, had in mind when, addressing the Raising Day parade of the BSF on December 3, he gave his blunt call to the international community to ostracise terrorist states in the ... More

FINANCIAL SCAN


Are low interest rates anti-saving?
NOWADAYS, it is not uncommon to see articles, columns and letters in newspapers dwelling on the impact of low interest rates on those dependent on interest income from savings (bank deposits, etc). Some go further and argue that they encourage ... More

REFLECTIONS


Scary spiders come alive for adults
AT 57, I was the oldest in the crowd at Moviegem theatre in Dahisar to see Makdee (Spider) with Lachman Singh at around 50. Girls and boys, between 10 and 15, formed the swirling, joyous gathering, with a few relating the magic tale to ... More

DOWN TO EARTH


Through a transformed land
In a pilgrimage of sorts from the West of the country, across Madhya Pradesh and on towards the East, Sharad Joshi has set himself the task of countering the opponents of free economy, trade and technology, and highli ghts the varied problems of the Narmada region. More

FOCUS


SEBI has to dig up Grasim `say' in L&T
EXAMINATION of certain key personnel of Larsen & Toubro will be one of the next steps of the Securities and Exchange Board of India in its bid to further substantiate its premise that Grasim is already controlling the engineering and cement ... More

ON MINT STREET


`Interest'ing development here to stay, possibly
A TOP executive in a private bank admitted to noting a reverse flow of funds from Swiss accounts held by corporates though "it is still just a trickle.'' Perhaps, the funds are coming back as NRI deposits or ECBs. A senior government official ... More

ALL LAW


Let's trust the exporters
DUTY Entitlement Passbook Scheme (DEPB) benefits exporters by offsetting the incidence of customs duty on the import content of the export product. On the flip side, however, it has been a subject matter of concern for the Customs Department in ... More

EAR TO THE GROUND


FII selling weakens Hero Honda
DESPITE Hero Honda announcing good monthly sales numbers, institutional investors are hesitant to add more shares of the company to their portfolio. This is due to a leading FII planning to exit the stock. Dealers said the FII is holding around ... More

ON THE HEDGE


Satyam: Outlook negative; buy December 260 puts
THE following strategies are based on Tuesday's trading in the derivatives segment at the NSE: Satyam Computer: The outlook on this stock appears negative. Two strong factors in this direction are the increasing put implied-volatility ... More

SENSOR


Mid-term review, profit-bookings mar sentiment
A not-so-flattering mid-year economic report released by the Government led to an outbreak of profit-bookings in most counters on the bourses on Tuesday. Strong selling pressure was witnessed in information technology counters as well as old ... More
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