The Hindu Business Line : Wednesday, May 07, 2003

HSBC Mutual AUM cross Rs 1,000 cr
HSBC Mutual Fund has over Rs 1,000 crore in assets under management as of April 30, 2003. According to an HSBC release, the mutual fund which launched its initial public offering in November 2002 had assets under management of Rs 1,076 crore as ... More

Sundaram Select Focus Fund entry load waived
SUNDARAM Mutual Fund has waived the entry load of two per cent on investments above Rs 50,000 on its equity fund, Sundaram Select Focus Fund. In a company release, Mr T.P. Raman, Managing Director, Sundaram Mutual, said: "This fund is ideal for ... More

HDFC MF to offer composite service
HDFC Mutual Fund, whose investor base will soon increase considerably with the formal takeover of Zurich India, has rolled out a new composite service for its unit holders. The fund is currently sending out details of what it calls a service ... More

TECHNICAL ANALYSIS

Bulls march ahead
BULLS exerted further pressure over Tuesday's trading activity. However, they could not gain much from the day's trading. The market sentiment reading of the tradable counters continues to remain bullish. Bear domination on Wednesday is likely ... More

STOCK EXCHANGES

BSE brokers pay Rs 47 cr turnover fee
THE Bombay Stock Exchange on Tuesday said that its member-brokers had paid Rs 47 crore to the Securities Exchange Board of India (SEBI) as turnover fee through the exchange. In addition, some brokers have paid the turnover fee dues directly to ... More

STOCK MARKETS

Can the market bank on banking stocks?
WITH the outlook for the technology sector looking grim in the short term, the banking sector — particularly public sector banks — seems to have become the darling of the stock markets, gaining ground in every trading session. Even ... More

Order hopes drive Wipro stocks
FRONTLINE technology company Wipro stock witnessed hectic trading activity on the bourses on Tuesday. Dealers said that the main trigger behind the gain seemed be a rumour that the company is likely to bag an order from a US-based company ... More

Sona Koyo down, Bharat Gears moves up
A GENERAL perception that the auto-ancillary industry is a stand-alone story and not totally based on the domestic auto industry is visible from the current market interest in low-cap stocks such as Sona Koyo Steering Systems and Bharat ... More

L&T shares trade at premium to offer price
WITH the open offer for Larsen & Toubro shareholders by Grasim opening tomorrow, the shares of L&T are trading at a premium to the open offer price of Rs 190. Grasim Industries, along with its subsidiary, Samruddhi Swatik Trading & Investments ... More

DERIVATIVES MARKETS

Open interest grows two-fold in BHEL
VOLUMES in the NSE derivative segment improved on Tuesday to Rs 2,526 crore as against Monday's turnover of Rs 2,068 crore. The volumes had declined steeply last week. Volumes are higher by 32 per cent compared to last Tuesday. Index ... More

COMMENTARY

Infosys, ITC help boost Sensex; PSU scrips bullish
AFTER a weak opening, the market sentiment improved as the day progressed. The recovery in the share price on stocks such as Infosys and ITC played a key role in driving the key market indices to the positive territory. The ... More

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