The Hindu Business Line : Thursday, May 22, 2003

Unclaimed funds: AMFI may get regulatory say
THE Securities and Exchange Board of India (SEBI) Advisory Committee on Mutual Funds has decided that all unclaimed funds of the asset management companies (AMCs) that have been wound up should necessarily be transferred to Association of Mutual ... More

TECHNICAL ANALYSIS

Bears prevail
BULLS exerted further pressure during the initial hours of Wednesday's trading. Thereafter, bears made a strong comeback and gained control of the day's proceedings. Wednesday's market action resulted in terminating most of the downtrend counters ... More

STOCK EXCHANGES

Bharti Tele plans delisting from DSE; demands refund
THE Delhi Stock Exchange (DSE) has become the first victim of the delisting spree among Indian corporates from regional stock exchanges. Bharti Tele-Ventures has applied for delisting from the bourse. The company has also demanded refund of the ... More

Indo Rama Synth out of indices
Indo Rama Synthetics will be excluded from the National Stock Exchange's S&P CNX 500 and the CNx Midcap 200 indices from May 23 following its demerger of its spun yarn unit. While Punjab Mohta Polytex replaces it in CNX 500, and Sonata Software ... More

STOCK MARKETS

CAS prospects revive Zee stock
THERE seems to revived interest in the media major Zee Telefilms stock ahead of the introduction of CAS in mid-July. Dealers said there was huge buy order for Zee stocks from various institutional investors. The main factor for the interest ... More

IDBI perks up on conversion hopes
IDBI shot up 20 per cent today on news that the development financial institution would soon convert to a bank. The stock closed at Rs 22.30, or 19.57 per cent higher than its previous close on the Bombay Stock Exchange. The BSE and National ... More

Tata Tea hits new year-high
`To a great extent, Tata Tea's future depends on Tetleys' performance. One can look at an improvement in returns on investment following the company's debt restructuring exercise.' More

DERIVATIVES MARKETS

Tata Engg active ahead of result announcement
DESPITE the all-India strike, trading at the derivative segment on the NSE improved on Wednesday; it recorded a turnover of about Rs 2,745 crore as against about Rs 2,436 crore recorded on Tuesday. Index futures: The market was a bit ... More

COMMENTARY

IT stocks play spoil-sport again
INFORMATION technology (IT) stocks again played spoil-sport on Wednesday reversing the gains that were recorded by many of the counters on Tuesday. A small rally in banking, pharma, FMCG and a few old economy stocks helped cushion the fall in IT ... More

IPOS

Roadshows for Maruti IPO to start next week
DRIVING on the strength of strong financial results announced by the Japanese auto major Suzuki Motor Corporation and its Indian venture Maruti Udyog Ltd, the Government will flag-off road shows for the initial public offering in Maruti by ... More

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