Financial Daily from THE HINDU group of publications
Thursday, February 20, 2003
Markets (Feb. 19)
BL 2501112.64 (+5.93)
BSE Sensex3302.04 (+12.95)
S&P CNX Nifty1064.30 (+5)
Dollar (Buy/Sell)47.65/47.78

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MUTUAL FUNDS


Cricket for Mutual benefit, the Sundaram way
THE World Cup is the flavour of the day but here's one campaign that has been using the game as a metaphor for a while now to make itself more consumer-friendly. And to take this association forward, Sundaram Mutual Fund has set up a People's ... More

TECHNICAL ANALYSIS


Bulls prevail
BULLS gained control of Wednesday's trading activity. Bears were successful to the extent of terminating a few uptrend counters. The market sentiment reading of the tradable counters continues to remain bullish. Bear domination on Thursday is ... More

STOCK EXCHANGES


Rs 5.82-crore dues to CSE — Trial court order against Singhania set aside
A DIVISIONAL Bench of the Calcutta High Court comprising of Mr Justice Ganguly and Mr Justice D.P. Sengupta has set aside the decree of Rs 5.82 crore with interest at the rate of 0.9 per cent per day from March 8, 2001, passed by the trial court ... More

STOCK MARKETS


Hopes on price, export boost steel stocks
REPORTS that hot-rolled (HR) steel manufacturers have decided to increase prices by Rs 1500-Rs 2000 per tonne fuelled sentiment in steel counters on the bourses today. Jindal Iron touched a year high of Rs 89.75 on the BSE before ending the ... More

Lockheed Martin talk pushes up M&M
THE Mahindra & Mahindra (M&M) stock today surged in volumes with a decent gain of around 3 per cent on the back of news that the company has entered into an agreement with Lockheed Martin Information Systems of the UK to jointly develop ... More

Bharat Forge jumps on Chinese order hopes
THE Bharat Forge stock today touched its 52-week high of Rs 275 on buying at the major bourses. It, however, closed slightly lower under profit-taking towards the end. Apart from improving fundamentals, the counter is reportedly being driven by ... More

Cipla, Pfizer gain on fund buying
CIPLA and Pfizer seem to have been the target of some `bottom fishing' in the recent past. Market sources say these scrips have been on the shopping list of a large domestic brokerage house that has been accumulating them on account of attractive ... More

DERIVATIVES MARKETS


L&T: Outlook negative, buy March 190 puts
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: Equity options L&T: The outlook on this stock appears negative. The downside price target is Rs 175. The risk is that momentum ... More

COMMENTARY


Stocks edge up as pre-Budget rally gains momentum
THE BSE Sensex closed higher for the third consecutive day, as the pre-Budget rally gathered momentum on Wednesday. Positive sentiment continued to prevail in the market on expectations that the Government will abolish taxes on dividends and ... More

IPOS


Shopper's Stop targets Rs 300-crore sales
RETAIL major Shopper's Stop Ltd has targeted a turnover in excess of Rs 300 crore during the year ending March 31, 2003. In 2001-02, the company recorded a turnover of 240 crore, according to Mr B. S. Nagesh, Managing Director & CEO of Shopper's ... More

Divi Labs IPO oversubscribed
DIVI Laboratories' initial public offer (IPO) is oversubscribed by about 1.67 times so far. The issue opened on February 17 at a floor price of Rs 130 with an issue size of 32.04 lakh shares of face value Rs 10. The 100-per cent book building ... More

STANDARDS & BENCHMARKS


Decision on Grasim issue soon: SEBI chief
THE SEBI Chairman, Mr G.N. Bajpai, on Wednesday said that the decision on Grasim Industries issue will be announced shortly. Mr Bajpai, was speaking to newspersons on the sidelines of a Bombay Stock Exchange function. "The investigation report ... More
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Feb. 9-Feb. 15
`Market rewards performing cos' — Mr Raamdeo Agrawal, Joint MD, Motilal Oswal Securities

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