The Hindu Business Line : Wednesday, April 23, 2003

SEBI seeks details on Sahara's First India MF takeover bid
THE Securities and Exchange Board of India has sought clarifications from the Sahara group, which has mounted a takeover bid on the Dr A.C. Muthiah-promoted First India Mutual Fund. The proposed takeover, which will see Sahara's first foray ... More

Birla Mutual launches bond index fund
BIRLA Mutual Fund has launched a debt index scheme, Birla Bond Index Fund, an open-ended income scheme. The initial public offer of the scheme opened today and closes on May 2. The minimum investment amount is Rs 25,000 during the IPO period ... More

Mutual funds face heavy withdrawals in March
MUTUAL funds may have faced uncommonly large redemptions in March on the heels of the conflict in Iraq. The magnitude of redemption last month may have been larger than what mutual funds anticipated suggested industry sources — at ... More

STOCKS

MRPL to delist from 5 SEs
MANGALORE Refinery & Petrochemicals Ltd (MRPL) today said that it would be delisting its equity shares from five stock exchanges. In a notification to the stock exchanges, the company said that the shareholders of the company at the ... More

TECHNICAL ANALYSIS

Sideways movement
Neither the bulls nor the bears could gain from the day's trading. The sentiment reading of the tradable counters remains bearish. Bull domination on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the ... More

STOCK EXCHANGES

CSE plans two-tier system to preserve arbitration records
THE Calcutta Stock Exchange (CSE) has proposed the creation of a two-tier system of maintaining arbitration records. The exchange has decided to preserve the original arbitration awards on a permanent basis, forming the first tier of the ... More

NSE removes VSNL from F&O list
THE National Stock Exchange (NSE) has removed Videsh Sanchar Nigam Ltd (VSNL) stock from the list of eligible securities for Futures & Options trading. It was removed from the F&O list as the stock failed to meet the SEBI eligibility criteria ... More

STOCK MARKETS

SEBI signs MoU with global body
THE Securities and Exchange Board of India (SEBI) today said that it has signed a multi-lateral memorandum of understanding with the International Organisation of Securities Commission (IOSCO) for mutual assistance and exchange of information for ... More

US fund sheds Infy, Reliance
THERE has been selling pressure on two leading index stocks — Reliance Industries and Infosys — from a leading US-based FII. The selling in these counters has nothing to do with companies' fundamentals. The talk is that the ... More

SCI, HMT in limelight
A NUMBER of PSU stocks moved up with volumes on major bourses today. However, some of the PSU pack closed lower on selling, dragging the BSE PSU Index down towards the end of the session. The stocks of SCI and HMT were among the counters ... More

DERIVATIVES MARKETS

Reliance: Outlook positive, buy May 280 calls
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Equity options Reliance Industries: The outlook on this stock is positive. The upside price target is Rs 300. The risk is that the ... More

COMMENTARY

Heavyweights weigh on Sensex
THE 30-stock BSE Sensex witnessed a decline on Tuesday after an upward movement on Monday. A drop in the stock price of Sensex heavyweights appears to have dragged the index down. At the end of the trading day, the Sensex was down by 11.43 ... More

ECONOMIC OFFENCES

DSQ price manipulation: SEBI debars entities
THE Securities and Exchange Board of India (SEBI) has debarred various entities from capital markets for the manipulation of DSQ Biotech Ltd's share price. The regulator has debarred the company's promoter Mr Dinesh Dalmia and Pillaiyar ... More

Stock Quotes
SE Diary

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