The Hindu Business Line : Tuesday, February 25, 2003

Sahara signs MoU to acquire major stake in First India MF
THE Sahara group has signed an MoU with Dr A.C. Muthiah, principal promoter and largest shareholder of First India Mutual Fund, for taking a "controlling stake'' in the latter. The group is expected to seek approval from SEBI shortly. Details ... More

TECHNICAL ANALYSIS

Restricted movement
FOR the second successive trading day on Monday, the market witnessed narrow movement. Prices of the tradable counters moved within a close band. The market sentiment reading of the tradable counters continues to remain neutral. Bear domination ... More

STOCK MARKETS

Firm CD-R price keeps Moser-Baer in action
THE Moser-Baer stock ended the day at Rs 228.55 on the BSE down 3.77 per cent with around 2.56 lakh shares traded. On the NSE, the stock closed at Rs 230.30, down 3.24 per cent with around 6.60 lakh shares traded. According to market sources, ... More

Dividend yield shares gain ahead of Budget
IN anticipation that the Finance Minister, Mr Jaswant Singh, may remove tax on dividend, the shares of companies with good dividend-yield are being accumulated by market players ahead of the Budget, brokers and analysts said today. Some of the ... More

Downgrade to impact SBI?
AT a time when most broking firms, and markets in general, are bullish about the largest public sector bank, State Bank of India (SBI), a leading broking firm, has downgraded the stock from buy to neutral. The rationale behind the downgrade, ... More

Cosmo Films up on fundamentals
THE Cosmo Films stock today closed with a gain of one per cent on the Bombay Stock Exchange. The counter has recently been moving up on bonus trigger and improving fundamentals. The stock, after touching the day's high at Rs 136.45, finished at ... More

DERIVATIVES MARKETS

Tata Power: Outlook positive, buy March 125 calls
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Equity options Tata Power: The outlook on this stock is positive. Two factors in this direction are the sharp increase in call ... More

COMMENTARY

Reliance, SBI sway market direction — Infotech stocks remain weak
MARKETS rose for the sixth day in succession, on the back of hopes that the Budget will be investor-friendly. The upward move was aided by a rise in the prices of Sensex heavyweights such as Reliance Industries, State Bank of India (SBI) ... More

Stock Quotes
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