The Hindu Business Line : Tuesday, March 04, 2003

Sundaram MF eyes MIP scheme
THE Budget proposal to eliminate dividend tax in the hands of the investor is likely to nudge Sundaram Mutual Fund to introduce a Monthly Income Plan (MIP). "The proposal will push us a little harder. It is a good selling point," said Mr T.P. ... More

TECHNICAL ANALYSIS

Narrow movement
MONDAY'S trading activity witnessed narrow movement. However, bears managed to gain from the day's trading. The market sentiment reading of the tradable counters continues to remain bullish. Bear domination on Tuesday is likely to change the ... More

STOCK MARKETS

Interest perks up in banks
ON a day when most stocks lost value, bank stocks made handsome gains with Punjab National Bank in the lead with a near 9 per cent jump following the Budget sops for the banking sector. There was also buying interest in the old private sector ... More

Players wary of Satyam
WHILE the Budget-induced feel good factor for software sector is likely to work in favour of IT stocks, market players seem to be cautious on Satyam Computer. A sentiment reflected in foreign broking firm, JP Morgan, downgrading Satyam ... More

Pharma stocks feel good on Budget sops
LEADING domestic and MNC pharma stocks registered good volumes on sustained interest in an otherwise lacklustre market today. According to market sources, the pharma counters were infused with a `feel good factor' following certain positive ... More

Hotel stocks sizzle
THE hotel stocks are clearly sizzling after the Budget proposals. According to brokers and analysts, withdrawal of expenditure tax and service tax exemption will reduce the hotel bills for the customer by about 18 per cent, which in turn would ... More

DERIVATIVES MARKETS

Infy: Outlook positive, buy March 4200 calls
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Equity options Infosys: The outlook on this stock is positive. Two factors that suggest as much are the sharp increase in call implied ... More

SEBI clarifies on FII investment in derivatives
THE Securities and Exchange Board of India (SEBI) today clarified that the discussion paper on codes of conduct for regulated entities does not intend to suggest any policy changes regarding FIIs investment in derivatives instruments. The ... More

COMMENTARY

Infotech stocks drag Sensex; Reliance firm
WITH the much-awaited Budget failing to provide the required pep, the market now appears to be in search of fresh triggers to move forward. This was borne out in trading pattern on Monday. The benchmark indices — the Bombay Stock Exchange ... More

Stock Quotes
SE Diary

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