The Hindu Business Line : Tuesday, January 21, 2003

JM Mutual plans income scheme
JM Mutual Fund has worked out an open-ended scheme aimed at providing regular income, including monthly income. However, unlike some of its peers, the scheme will not be branded MIP (monthly income plan). Instead, JM has decided to name it ... More

TECHNICAL ANALYSIS

Bear domination
BEARS gained control of Monday's trading activity. Bulls were unable to make any impact during the day's trading. Monday's market action resulted in increasing the bear count by a considerable margin. The sentiment reading of the tradable ... More

STOCK MARKETS

Volumes soar in Union Bank
UNION Bank of India today witnessed hectic activity. The stock gained 10 .47 per cent on the BSE with 87.48 lakh shares changing hands. According to dealers, the market interest in the stock is mainly due to its good third quarter performance. ... More

Renewed interest seen in Dabur
THE Dabur India stock today saw a surge in volumes coupled with price increase on the BSE and the NSE. According to brokers and analysts, the stock also witnessed several block deals, reportedly executed between a foreign fund and an insurance ... More

Will T+2 system choke capital markets?
It is impossible to transfer money with the existing banking structure on T+2 basis. Unless the structure is efficient to ensure instant funds transfer, it is feared that the "T+1 and T+2 would kill the market. More

Dividend talk drills action in ONGC
TALK of dividend payout has been propelling market interest in the ONGC stock.Brokers said that expectations are running high with the company's board scheduled to meet on January 31. The company has of late been in the news on whether or not ... More

FII selling in Hero Honda continues
DESPITE good financial performance, Hero Honda has been witnessing increased selling pressure from a leading FII. Dealers said an US-based FII, having large holding in Hero Honda, has been continually selling the shares. The main reason for ... More

DERIVATIVES MARKETS

Buy January calls on Tata Steel
THE following strategies are based on Monday's trading in the derivatives segment on the NSE. The immediate outlook on Satyam Computer and Tata Steel appears negative, but both stocks may bounce back from such price dips. The strategies ... More

COMMENTARY

Steel, bank stocks find interest in subdued market
TRAILING the overnight drop at the American bourses, the benchmark indices - Sensex and Nifty — ended the day on a weak note. The Sensex closed at 3341.89, down 28.5 points from Friday's close of 3370.39. Total business volumes dropped ... More

ECONOMIC OFFENCES

Ketan Parekh in Kolkata police custody
NEARLY six months after it started working on the multi-crore scam on the Calcutta Stock Exchange, the Kolkata Police has managed for the first time to get stockbroker Ketan Parekh in its custody. Today, the big bull was remanded to police ... More

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