The Hindu Business Line : Friday, March 28, 2003

PruICICI floating rate plan launch today
PRUDENTIAL ICICI Mutual Fund has announced that it will launch a new open-ended debt fund, PruICICI Floating Rate Plan, on Friday. The minimum application amount will be Rs 1 lakh and the minimum additional investment will be Rs 1000. Investors ... More

TECHNICAL ANALYSIS

Bears prevail
BEARS gained control of Thursday's trading activity. Bulls were unable to make any impact during the day's trading. However, the sentiment reading of the tradable counters continues to remain neutral. Bear domination on Friday is likely to change ... More

STOCK EXCHANGES

SEBI supersedes Ahmedabad Stock Exchange for one year — Unofficial trading in exchange premises
THE Securities and Exchange Board of India has superseded the governing board of Ahmedabad Stock Exchange (ASE) for one year from March 25 following the exchange's failure to stop unofficial trading by its members within the exchange ... More

It's testing time for ASE
The writing was pretty much on the wall for the ASE when the application of its subsidiary, ASE Capital Market Ltd, to become a member of the futures and options activity at the NSE had repeatedly been turned down. More

CSE meet today to discuss land sale
AN Extraordinary General Meeting has been called at the Cochin Stock Exchange tomorrow to sell the 55 cents of prime property that the exchange has at the Cochin Marine Drive to the Abad group of hotels. The proceeds will be used to prepay the ... More

STOCK MARKETS

Hero Honda down on Q4 number fears
REPORTS that the fourth quarter performance of Hero Honda is likely to remain subdued on the back of weaker revenue growth saw the stock plummet by about 6 per cent on the bourses today. The stock ended the day at Rs 203.10, down 5.73 per cent ... More

Talk of picking stake in Federal Bank lifts Kotak Mahindra Fin
MARKET rumours of Kotak Mahindra Finance (KMF) being in talks with ICICI Bank to acquire the latter's stake in Federal Bank aided momentum in the counter today. The KMF stock ended the day at Rs 171.75, up 2.14 per cent, with around 18,967 shares ... More

`Parental' care for Nestle?
FAST moving consumer goods company Nestle India counter saw increase in the trading volumes on Thursday. Dealers said there were talks of the company's Swiss parent Nestle SA picking up the shares from the secondary market through a foreign ... More

DERIVATIVES MARKETS

Nifty puts end higher
TURNOVER improved sharply to Rs 3004 crore in the derivative segment on the NSE on Thursday compared with Rs 2548 crore recorded on Wednesday. Of this, single-stock futures accounted for Rs 1929.56 crore while equity options Rs 644.55 crore; ... More

COMMENTARY

Private sector banks lose even as PSUs gain
EIGHTH day of the US-Iraq war spelt gloom in the bourses with the benchmark indices closing in the negative territory. The BSE Sensex slid 26.79 points to close lower at 3116.79. The broad benchmark index Nifty declined 11.15 points to close at ... More

IPOS

More bank IPOs likely next fiscal
MORE banks are expected to tap the equity markets during the next fiscal in a bid to bolster their capital base and comply with the stringent capital adequacy norms. Sources here said that this would include some of the so-called weak banks, ... More

ECONOMIC OFFENCES

Irregularities in Videocon deals — SEBI suspends Springfields Securities
CONFIRMING the violations committed by Springfields Securities Ltd (SSL) while dealing in the shares of Videocon International Ltd (VIL) , the Securities and Exchange Board of India has decided to suspend the certificate of registration of SSL ... More

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