The Hindu Business Line : Friday, February 21, 2003

Escorts MF plans to launch high dividend yield scheme
ESCORTS Mutual Fund proposes to launch a high dividend yield scheme as part of its plan to extend its portfolio of equity products. The proposed scheme is expected to be second of its kind in the domestic market; Birla Sun Life MF launched the ... More

UBI to sell HDFC Mutual products
UNION Bank of India (UBI) is targeting Rs 100 crore as fee-based income from various marketing and distribution tie-ups, according to Mr V. Leeladhar, CMD, UBI. Addressing a press briefing to announce the bank's tie-up with HDFC Mutual Fund for ... More

TECHNICAL ANALYSIS

Bears take control
BEARS were in control of the initial hours of Thursday's trading. During the wee hours of the day's trading, bulls managed to recoup their losses. Thursday's market action resulted in initiating the downtrend in most of the counters. The market ... More

STOCK EXCHANGES

Turnover woes haunt CSE
TURNOVER-related problems continue to torment the Calcutta Stock Exchange (CSE), the low volumes that are being currently generated on it notwithstanding. A section of CSE members has informed the authorities that they have difficulty in ... More

BSE suspends 17 cos
THE BSE today suspended trading and refused listing application of 17 companies whose dematerialised securities are traded on the exchange without permission. The decision follows the exchange receiving complaints that some companies have ... More

STOCK MARKETS

SKF slips on profit-taking
THE SKF Bearings India Ltd stock, which has seen a steady upward movement on the major bourses with heightened activity since early this month, remained active today but failed to close higher over yesterday's closing. According to brokers and ... More

Approval of Bill drags ITC only marginally
BUT for registering a marginal weakness, ITC did not lose its sheen following the Union Cabinet approval of the amended Cigarettes and Tobacco Bill. The stock ended the day at Rs 635.60 on the BSE, down one per cent with 45,117 shares traded. On ... More

Block deals in GlaxoSmithKline
GLAXOSMITHKLINE Pharmaceuticals saw several block deals along with rise in the stock price. Dealers said these block deals were between two leading foreign broking firms. The rise in the stock price comes after a sharp fall over the last few ... More

Marginal dip in public holding in IT stocks
INFORMATION technology stocks seem to have become marginally less attractive to retail investors during December 2002 as compared to December 2001. An analysis of the shareholding pattern of the top 15 Indian IT firms (in terms of turnover) ... More

DERIVATIVES MARKETS

SBI: Outlook negative, buy March 300 puts
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Equity option: The outlook on State Bank of India appears negative. The downside price target for the target trading-horizon of 25 ... More

COMMENTARY

Steel, PSU-bank stocks down in narrow trading
THE 30-stock BSE Sensex traded in a narrow band and closed marginally higher for the fourth consecutive day on Thursday. Index heavyweights witnessed mixed trend. The stocks of private-sector banks and the information technology stocks witnessed ... More

IPOS

UCO Bank plans IPO next fiscal
UCO Bank, the Kolkata-based public sector bank, is planning to tap the capital market with its initial public offer (IPO) during the next fiscal year to augment its capital to risk assets ratio (CRAR) keeping in view the growing business volumes ... More

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