Financial Daily from THE HINDU group of publications
Tuesday, December 10, 2002
Markets (Dec. 09)
BL 2501109.09 (-15.56)
BSE Sensex3269.31 (-36.98)
S&P CNX Nifty1058.65 (-11.15)
Dollar (Buy/Sell)48.16/48.29
Gold Std (10 gm)5320 (+20)

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MARKETS

MUTUAL FUNDS


UTI's G-sec dividend
UTI has announced a dividend of 4 per cent (Rs 0.40 per unit on a face value of Rs 10) under its G-sec fund. Earlier, the fund had announced a dividend of 12 per cent in June 2001, 10 per cent in December 2001, 5 per cent in March 2002 and 4 ... More

Sundaram MF eyes 5% market share in 5 years
SUNDRAM Mutual Fund today said it hoped to capture a market share of around 5 per cent (excluding UTI) over the next five years through launch of more products and expansion plans. Addressing a press conference, Mr T.P. Raman, Managing Director, ... More

TECHNICAL ANALYSIS


Bears prevail
BULLS exerted further pressure over the initial hours of Monday's trading. Later on, bears made a strong comeback and gained control of the day's proceedings. Bears were successful to the extent of reducing the bull count. The market sentiment ... More

STOCK EXCHANGES


CSE prunes settlement bankers to 2
A major decline in the number of deals and transaction volumes has led Calcutta Stock Exchange (CSE) to reduce the number of settlement banks from five to just two. With this, the exchange has taken Canara Bank, IndusInd Bank and Global Trust ... More

STOCK MARKETS


Godavari Fert jumps as Coromandel raises stake
THE stock of Godavari Fertilisers has been witnessing a steady uptrend since May this year, with the stock almost gaining by over 100 per cent. From a level of Rs 14 on May 2, the stock peaked to an all-time high of Rs 36 on November 14. Along ... More

Sensex falls 37
UNCERTAINTY over the timing of disinvestment of the PSUs, HPCL and BPCL, dampened the sentiment in stocks today. The 30-share benchmark sensitive index of the BSE, Sensex, closed lower by 36 points at 3,269.31 after some volatility in the last ... More

Nokia interest in Hughes Soft
HUGHES Software saw heavy buying interest. The market talk is that a venture capital firm, promoted by international telecom major Nokia is buying heavily into the stock. Active buying by this VC has led to a gain over 10 per cent in the price ... More

Interest in HMT winding down
THE HMT stock, which was witnessing a price and volume ramp-up on major bourses in the past few days owing to an improvement in sentiment for the PSU counters, slid today after the Union Disinvestment Minister, Mr Arun Shourie's statement in ... More

DERIVATIVES MARKETS


Strategy for extreme events: Buy Satyam, ACC Jan puts
THE following strategies on Satyam and ACC are based on Monday's trading in the derivatives segment at the NSE. The recommended strategies on both stocks are structured for a high payoff extreme event. This means that the returns on the ... More

EVENTS


`Small investors vital for strong capital market'
AN issue central to strengthening the capital markets is bringing back the small investor. It is absolutely necessary the bruised confidence of the small investor is nursed back to health, Mr M. Damodaran, Chairman of the Unit Trust of India, has ... More

COMMENTARY


Shourie statement punctures rally
EQUITIES slid on Monday when the Disinvestment Minister's announcement on the progress of the divestment exercise failed to meet investors' expectations. Following the slide during the course of the day, the BSE Sensitive Index closed lower by ... More

IPOS


HSBC Mutual IPO garners over Rs 700 cr
HSBC Mutual Fund, which had hit the market last month with four schemes, has managed to collect over Rs 700 crore during the initial public offer period, the highest amount collected in an IPO in recent times. In another development, HSBC MF had ... More
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