The Hindu Business Line : Saturday, December 28, 2002

Income of the mutual fund derived from short-term capital gains and interest should be taxed at a flat rate in the hands of the mutual fund; dividends received by the unit holders should be fully exempted since the distributable surplus would ... More

Kotak Mahindra bundles free insurance with plan
KOTAK Mahindra Mutual Fund will offer free life insurance to prospective investors in its K Bond Deposit Plan, according to Mr Atul Sharma, Vice-President Marketing, Kotak Mahindra Asset Management Company Ltd. Addressing newspersons here on ... More

TECHNICAL ANALYSIS

Narrow movement
FRIDAY's trading activity witnessed narrow movement. Prices of the tradable counters moved within a close band. Neither the bulls nor the bears could gain from the day's trading. Click here for table The ... More

STOCK MARKETS

Bharat Forge at year high
AS the third quarter comes to end, select market players have started accumulating shares of auto-ancillary company Bharat Forge. The accumulation led the stock to touch a new 52-week high of Rs 199.50 on the stock exchanges on Friday. Dealers ... More

Profit-booking in Reliance, HLL trims Sensex gains
THE benchmark BSE Sensex continued its northward movement on Friday and ended the week in the positive territory. The sharp spike in the stock price of the state-owned oil refinery major Hindustan Petroleum Corporation Ltd, in anticipation of ... More

Outlook positive on Tata Steel, Digital
THE following strategies are based on Friday's trading in the derivatives segment at the NSE: Equity options Tata Steel: The outlook on the stock remains positive. The upside price target is Rs 165, and the downside price target ... More

Investors give thumbs up to VisualSoft's BPO proposal
VISUALSOFT Technologies has been witnessing a strong upside on the bourses in the recent past, with market expectations riding high on the company's new operations as a software service provider bringing in good earnings growth. Reports of the ... More

Divestment hopes lift HOCL
THE Hindustan Organic Chemicals Ltd (HOCL) counter was active today on the Bombay Stock Exchange and the National Stock Exchange, ahead of the Cabinet Committee on Disinvestment meet, in anticipation of a positive pronouncement regarding its ... More

Reliance Cap rises on Infocomm rollout
THE Reliance Capital ruled firm on major bourses on active trading. According to brokers and analysts, the market is expecting that its leasing/financing business will receive a boost from Reliance Infocomm's operational rollout. According to ... More

L&T gains on expectations of open offer change
LARSEN & Toubro (L&T) gained today on market rumours that the company might be de-merged into three different businesses instead of the earlier proposed de-merger of the cement division. Another rumour floating in the market was that the open ... More

REGULATORY BODIES & RULINGS

SEBI still has miles to go on Edifar
THE Securities and Exchange Board of India (SEBI) wants to increase by another 500 the list of companies that would be required to file their annual reports in electronic format with it. It has recently sent out a communication to the stock ... More

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