The Hindu Business Line : Thursday, June 12, 2003

New medium-term plan from StanChart MF
STANDARD Chartered Mutual Fund on Wednesday launched a medium-term plan under its Grindlays Super Saver Income Fund. The fund is targeting the retail investor and expects increased participation with this plan. The initial public offer will ... More

TECHNICAL ANALYSIS

Volatile movement
THE market was quite volatile on Wednesday. Neither the bulls nor the bears could gain from the day's trading. The market sentiment reading of the tradable counters remains bearish. Bull domination on Thursday is likely to change the sentiment ... More

STOCK EXCHANGES

Tata Steel to delist from 7 exchanges
TATA Iron and Steel Company Ltd (Tata Steel) has informed the National Stock Exchange that its board of directors has approved voluntary delisting of its shares from seven stock exchanges. These exchanges are Kolkata, Pune, Kochi, Delhi, ... More

STOCK MARKETS

Fund interest in Vorin Labs?
TRADING volume has spurted on the Hyderabad-based Vorin Laboratories counter, reportedly because a large domestic mutual fund is buying into the stock. A block deal of about two lakh shares was reported on the Bombay Stock Exchange on ... More

Bank of Punjab surges on takeover talk
BANK of Punjab touched a new high on the bourses on Wednesday, posting record volumes on the back of speculation that Scotiabank of Canada is acquiring a strategic stake in it. Hectic trading at the bank's counter drove the share price up 11.75 ... More

Exports, products seen boosting Nicholas Piramal
Exports and sustained inflows from new products appear to have attracted investors to Nicholas Piramal . The stock has already witnessed a 15-per cent rise in the last one-month and analysts predict a better performance going forward. On the ... More

DERIVATIVES MARKETS

BPCL outlook negative; buy June puts
THE following strategies are based on Wednesday's trading at the derivatives segment on the NSE: Equity option: The outlook on BPCL is negative. Interestingly, the put-call open interest ratio has been gradually moving up, while the put ... More

COMMENTARY

Bank, power stocks help maintain momentum
THE market was rather volatile on Wednesday. However, the firmness in the heavyweights kept the benchmark indices in the positive territory. The BSE Sensex opened firm at 3289.36 points but fell to a low of 3287.72 points. It later regained to ... More

ECONOMIC OFFENCES

Ex-CSE President remanded to police custody till June 20
THE Chief Metropolitan Magistrate (CMM), Kolkata on Wednesday remanded Mr Kamal Parekh, former President of Calcutta Stock Exchange (CSE), to police custody till June 20. Kolkata Police arrested Mr Parekh on June 10 in connection with the Rs ... More

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