The Hindu Business Line : Saturday, February 22, 2003

SAT relief to Clariant on Colour-Chem open offfer
THE Securities Appellate Tribunal (SAT) today gave some relief to the Swiss multinational Clariant International on payment of interest at the time of making an open offer to the shareholders of Colour-Chem Ltd. According to the SAT order, only ... More

MUTUAL FUNDS

Funds of Funds — Long way to go
THE Securities and Exchange Board of India's new concept `Fund of Funds' (FoF) may not find many takers until the mutual fund industry provides several schemes addressing various asset allocations and investment objectives, fund managers and ... More

Debt mobilisation thru pvt placement declines 14 pc
ABOUT 14-per cent decline in mobilisation of debt funds through private placements was witnessed during the nine months ending December 2002. The total amount mobilised during this period stood at Rs 28,146 crore, raised by 141 institutions and ... More

TECHNICAL ANALYSIS

Narrow movement
FRIDAY'S trading activity witnessed narrow movement. Bulls were successful in terminating most of the downtrend counters in the tradable list. The market sentiment reading of the tradable counters stands neutral. Bull domination on Monday is ... More

STOCK MARKETS

`Norms neither altered nor diluted' — No large-scale delisting by foreign cos: Jaswant
THE Union Finance Minster, Mr Jaswant Singh, today categorically assured the Lok Sabha that the Government has not altered or diluted the guidelines governing foreign companies to provide 26 per cent equity to Indians. He also denied any ... More

Momentum buying in Oriental Bank
VALUE buying in Oriental Bank of Commerce sent its volumes soaring on the bourses today. Brokers said that the counter attracted sustained market interest on account that it is a "low PE with high dividend play' stock. The stock ended the day at ... More

Institutional support lifts Reliance
RELIANCE Industries witnessed keen interest from institutions, particularly foreign institutional investors. According to market sources, several operators are also said to have bought into the stock. Reliance Infocomm is expected to make a big ... More

DERIVATIVES MARKETS

SBI Feb 300 calls gain
Equity options: Satyam Computer, Infosys Technologies, State Bank of India, Reliance and Hindustan Petroleum Corporation were the top traded counters at the derivatives segment on the NSE on Friday. The February 230 calls on Satyam was ... More

COMMENTARY

Reliance, ITC gain in lacklustre market
THE overall market spirit remained lacklustre as punters played a cautious game ahead of the Budget on Friday. Frantic buying was prominent in certain select counters and sectors. Index heavyweights such as Reliance Industries and ITC ... More

IPOS

Divi's Labs IPO gets bids at Rs 9,999
THE book-building for the public issue of Divi's Laboratories, slated to close later today, turned out to be an intriguing case for market watchers. By 8 p.m., the Hyderabad-based company had received bids at Rs 9,999 per share, way ahead of the ... More

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