The Hindu Business Line : Thursday, April 24, 2003

Birla Mutual plans swap offer
BIRLA Sun Life Mutual Fund has proposed to offer retail investors a mechanism for exchanging bonds for more liquid securities subject to certain conditions. The fund house has sought the Reserve Bank of India's permission for the scheme,Birla ... More

Kolkata market fire hits MF mobilisation trends
The blaze (which some reports suggest has destroyed property and merchandise worth Rs 150 crore) is likely to hurt sentiments of investors in that area, at least temporarily, agrees Mr Siddharth Damani, head of Birla Sun Life MF. More

TECHNICAL ANALYSIS

Volatile movement
BULLS were in control of the initial hours of Wednesday's trading activity. Later on, the bears made a strong comeback and recouped their losses. Wednesday's market action resulted in increasing the bull count by a considerable margin. ... More

STOCK EXCHANGES

BSE plans to suspend 35 cos
THE Bombay Stock Exchange (BSE) has decided to suspend trading in the securities of 35 companies for their failure to comply with the listing agreement of the exchange. The trading in these securities would be suspended from April 30, ... More

STOCK MARKETS

Hero Honda on uptick
THE Hero Honda stock on Wednesday clearly reversed its declining trend, witnessed on bourses since April 15. The stock, after touching the day's peak of Rs 192, finished at Rs 188 on the BSE against Tuesday's closing price of Rs 183.10. On ... More

Results still weighing down HLL
FAST moving consumer goods giant Hindustan Lever Ltd (HLL) seems to be reeling under the disappointing numbers it posted for the quarter. Dealers said that the counter has been witnessing some selling pressures over the past few days and ... More

DERIVATIVES MARKETS

Tata Steel: Outlook negative, buy May 125 puts
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: Equity options Tata Steel: The outlook on this stock is negative. The downside price target is Rs 115. The risk is that momentum buying ... More

FOREIGN INSTITUTIONAL INVESTORS

FIIs holding in Moser-Baer up 4%
FOREIGN institutional investors' (FIIs) stake in data-storage company Moser-Baer India Ltd (MBIL) has increased by 4.12 per cent during the quarter ended March 31, 2003 with the company riding on a series of positive developments in the past ... More

COMMENTARY

Good numbers fail to enthuse market
THE Benchmark BSE Sensex spiralled down on Wednesday as index heavyweights continue to drag it down for the second consecutive day. The strong quarterly growth earnings registered by Reliance Industries failed to induce buying interest in the ... More

IPOS

Power Trading Corp plans IPO
IN a bid to augment its resources to increase the volume of power trade across the country, Power Trading Corporation (PTC) board last week took an in-principle decision to float an Initial Public Offer (IPO). "We have not decided on the quantum ... More

SICK UNITS

SEs told to monitor sub-brokers
A SEBI concept paper has suggested stock exchanges to monitor the functioning of sub-brokers and decide on the net-worth criteria for them. The paper has also suggested that hike in annual registration fee to Rs 5,000 and authorise stock ... More

Stock Quotes
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