The Hindu Business Line : Tuesday, June 03, 2003

Motilal Oswal Securities targets top-end clients
THE Mumbai-based Motilal Oswal Securities Ltd is moving south and in its initial round of expansion will open its first office in Kochi on June 6. The company proposes to target the higher end of the investing clientele and primarily push its ... More

MUTUAL FUNDS

SEBI clears decks for `Fund of funds'
THE much-debated `Fund of Funds' scheme can soon be a reality in the Indian mutual funds industry, with the Securities and Exchange Board of India (SEBI) amending its mutual funds regulations to facilitate the introduction of such schemes. A ... More

New lease of life for sector-specific funds?
THE bout of activity seen recently on the stock markets seems to be giving a new lease of life to pharma and MNC funds, left behind for long in the wake of the equity fund investors' fetish for diversified schemes. The sector funds scenario, ... More

Deutsche AMC plans floating rate fund
DEUTSCHE Asset Management has lined up a debt fund that will substantially invest in floating rate instruments. The proposed Deutsche Floating Rate Fund will mainly pick up floating rate paper as well as fixed rate debt swapped for floating ... More

TECHNICAL ANALYSIS

Bull domination
BULLS exerted further pressure over Monday's trading activity. However, bears were successful in increasing the bear count by a considerable margin. The market sentiment reading of the tradable counters continues to remain neutral. Bull ... More

STOCK MARKETS

PSU bank stocks hammered
STOCKS of state-run banks fell out of favour of otherwise ebullient stock traders who took the 30-share benchmark index of the Bombay Stock Exchange, the Sensex, past the psychological 3,200-mark today. However, most of the banks had pared early ... More

Sell off talk fuels Hindustan Oil
HINDUSTAN Oil Exploration Company (HOEC) has been attracting investor interest for sometime now. According to dealers, interest at the counter seems to have been sparked by market talks about the company being in advanced stages of talk for a ... More

Sales figures drive up Hero Honda
A PESSIMISTIC market responded enthusiastically to Hero Honda reporting a 12.3-per cent rise in its vehicle sales for May 2003. At end of trade today, the stock was quoting at Rs 223.25, up 4.40 per cent with 3.26 lakh shares traded on the BSE. ... More

DERIVATIVES MARKETS

SBI remains active
DESPITE the National Stock Exchange benchmark S&P CNX Nifty gaining for the fourth day in a row, trading activity slipped on the derivative segment on Monday. Turnover of futures and options slipped to about Rs 2,699.56 crore as against last ... More

COMMENTARY

Interest in heavyweights pulls up Sensex
DRIVEN by the buying interest in the key index heavy weights, the benchmark BSE Sensex continued its previous week's trend and ended the first day of the week on a positive note. Key information technology stocks also gained ground on ... More

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