Financial Daily from THE HINDU group of publications
Wednesday, February 05, 2003
Markets (Feb. 04)
BL 2501102.22 (+0.16)
BSE Sensex3278.13 (-1.70)
S&P CNX Nifty1054.80 (-0.50)
Dollar (Buy/Sell)47.74/47.87
Gold Std(10gm)5915 (+50)

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MARKETS

MUTUAL FUNDS


Alliance to recover lost ground: Arora
THE first course of action for the US-based Alliance Capital Management, which has reiterated its commitment to the Indian market, will be to recover lost ground, according to Mr Samir Arora, Chief Investment Officer, Indian operation and Head, ... More

DSP ML launches 2 new plans
DSP Merrill Lynch Investment Managers has announced the launch of two new schemes — DSP Merrill Lynch Top 100 Equity Fund and DSP Merrill Lynch Savings Plus. Both these schemes will open for an initial public offering on February 10 and ... More

SEBI panel moots `fund of funds' scheme
An investor can invest in `Fund of Funds' schemes which meet his investment objectives instead of investing in different schemes of a mutual fund and keeping track of their NAVs. More

TECHNICAL ANALYSIS


Volatile movement
BULLS extended their pressure during the initial hours of Tuesday's trading. Thereafter, bears gained control of the day's proceedings. Tuesday's market action resulted in increasing the bull count by a considerable margin. The sentiment reading ... More

STOCK EXCHANGES


HSE Securities expedites steps to acquire BSE card
BUOYED by the impressive trading volumes registered with the help of the NSE membership card during the last fiscal year, the Hyderabad Stock Exchange (HSE) has now expedited steps to acquire the membership card of Bombay Stock Exchange (BSE) ... More

SEBI asks SEs to submit scheme for demutualisation
THE Securities and Exchange Board of India (SEBI) today asked the stock exchanges to submit a scheme, together with changes in rules, bye-laws and Articles for corporatisation and demutualisation of stock exchanges on the lines of the ... More

STOCK MARKETS


Block deals in Concor
PUBLIC sector Container Corporation of India (Concor) on Tuesday saw huge block deals on the BSE. Dealers said a leading FII with huge holding in the stock was believed to be the seller. However, the details of the buyers were not known. The ... More

Foreign holding up in ING Vysya Bank
AFTER the acquisition of 44-per cent stake by ING group in ING Vysya Bank, foreign investors have increased their stake in the south-based bank. According to the shareholding pattern, foreign holding in the bank has increased from 55.31 per ... More

Momentum buying seen in Canara Bank
BARGAIN buying in Canara Bank saw the stock register huge volumes on the bourses today. The stock closed at Rs 67.80, up 4.23 per cent with around 58.94 lakh shares traded on the BSE. On the NSE, the stock ended at Rs 67.75, up 4.31 per cent with ... More

DERIVATIVES MARKETS


Wipro: Outlook positive, buy February futures
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Equity options Wipro: The outlook on this stock is positive. The upside price target is Rs 1570. The risk is that profit-taking may ... More

COMMENTARY


PSUs, bank stocks enliven dull market
THE stock market ended almost flat, as the uptrend in the State-run firms and banking stocks was offset by bearish trend in the index heavyweight Reliance and most technology stocks. The benchmark 30-stock barometer Sensex settled marginally ... More
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