The Hindu Business Line : Friday, January 03, 2003

MFs alter load structures for greater mobilisation
A HOST of mutual funds are changing their load structures in order to tap the market in a more effective manner. For many of them, the idea is to make select equity and debt funds more appealing to investors. Investment circles indicate that ... More

Prudential ICICI MF launches index fund
PRUDENTIAL ICICI Mutual Fund hopes to raise a corpus of more than Rs 20-crore with the initial public offering of its open-ended, index-linked exchange traded fund (ETF) SPIcE (Sensex Prudential ICICI ETF), according to Mr Shailendra Bhandari, ... More

Tata Mutual plans `dynamic' scheme
TATA Mutual Fund is exploring the possibility of introducing a `dynamic' scheme that will allow the fund manager to shift between debt and equity, across maturities and sectors, depending on market conditions. The scheme will be free to take ... More

UTI arm to take care of PAN

TECHNICAL ANALYSIS

Bear domination
BEARS gained control of Thursday's trading activity. Thursday's market action resulted in initiating a few downtrend counters. However, the sentiment reading of the tradable counters continues to remain bullish. Bear domination on Friday is ... More

STOCK MARKETS

Sales growth powers GACL
GUJARAT Ambuja Cement Ltd (GACL) registered good volumes on the bourses today following reports of the company posting a 35-per cent growth in sales. Brokers and analysts were of the view that the interest in the counter was in anticipation ... More

Block deals in Dabur
DABUR India witnessed increased trading on Thursday. Dealers attributed the activity to institutional interest - primarily large domestic financial institutions - resulting in block deals involving 2,99,800 shares of the company. The stock ... More

Value-buying seen in Jupiter Biosciences
JUPITER Biosciences (formerly Jupiter Organics Ltd), which has been seeing sudden rise in activity on value buying, today touched its recent high of Rs 50 and closed with a volume of 1.74 lakh shares on the BSE. According brokers and analysts, ... More

Dividend talk pushes up oil PSU stocks
REPORTS that public sector oil companies IOC, ONGC, BPCL and GAIL may pay the Union Government an interim dividend to the tune of Rs 2,500 crore to help bridge the fiscal deficit sent these companies' stock prices soaring. The stock prices of ... More

DERIVATIVES MARKETS

Upside limited in SBI; construct bull call-spread
THE following strategies are based on Thursday's trading in the derivatives trading on the NSE: Equity options SBI: The outlook on the stock is positive, but the upside is limited. The upside price target is Rs 315. The risk is ... More

REGULATORY BODIES & RULINGS

SEBI directs listed cos to do secretarial audit
The audit is aimed at reconciliation of total shares held in CSDL, NSDL and in physical form with the admitted, issued and listed capital of companies, says a SEBI release. More

COMMENTARY

Cement, steel stocks see fresh interest
AFTER starting the New Year on a sober mood, the markets picked up momentum on Thursday making up for the missed action the previous day. Traded volumes on the Bombay Stock Exchange were quite heavy at 8.62 crore as against 5.46 crore the ... More

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