The Hindu Business Line : Saturday, June 28, 2003

CVC Capital told to make open offer — Acquisition of stake in Century Enka
THE Securities and Exchange Board of India (SEBI) has ordered CVC Capital Partners, a Citigroup associate, to make a public offer to buy 20 per cent equity of Century Enka with reference date as July 30, 1999. It has also asked the private ... More

MUTUAL FUNDS

SEBI notifies ad norms for MFs
The guidelines are meant to "improve the standard of disclosures in advertisements, effective implementation of regulatory intent and to remove difficulties in the application of regulations," SEBI has stated. More

Rally prompts investors to go for index funds
MOST index funds have grown in terms of assets in the last one month or so as more investors are getting into them, their move attributed to advances recorded on the stock exchanges. Inflows into index funds, which seek to passively mirror ... More

TECHNICAL ANALYSIS

Bulls regain
BEARS were in control of the initial hours of Friday's trading. Later on, bulls took over and gained control of the day's proceedings. The market sentiment reading of the tradable counters remains bullish with no downtrend counters. Bear ... More

STOCK MARKETS

As bourses postpone ex-dividend date of 15 companies — Investors lose out in early trade
SEVERAL small shareholders burnt their fingers in early trade when they sold shares of some companies, including Tata Engineering, ACC and Apollo Tyres, that were entering the no-delivery period today without realising that the NSE and the BSE ... More

Himachal Futuristic in limelight
THE stock of Himachal Futuristic Ltd (HFCL) is in the limelight with the rumours of a probable buying interest from a prominent operator. There is also talk of the company receiving orders from some of the bigwigs of the telecom industry ... More

Pharma stocks perk up on passage of US Medicare Bill
THE Indian pharmaceutical industry seems to have struck gold with the US House of Representatives and Senate approving the Bill on Medicare drug benefits today. The news led to a rally in stocks of most pharmaceutical companies which either ... More

Market interest in SBI continues
SHARES of State Bank of India continued to rule firm amidst good volumes on the bourses. From the old favourite GDR relaxation theory to expectations of consolidation of its subsidiaries into the parent SBI, the stock has been news driven, ... More

DERIVATIVES MARKETS

M&M: Outlook positive, buy July 145 calls
THE following strategies are based on Friday's trading at the derivatives segment on the NSE: Equity option: The outlook on M&M is positive, but the upside may be limited from the current levels. The upside price target is Rs 152. The ... More

REGULATORY BODIES & RULINGS

Golden Carpets promoters told to make open offer
IN a significant development, the Securities and Exchange Board of India (SEBI) has directed the Golden Carpets Ltd (GCL) promoter to make an open offer to GCL shareholders. It observed that the promoter of the Hyderabad-based Golden Carpets Ltd ... More

COMMENTARY

Tech stocks gain in subdued market
DESPITE the weakness in the heavyweights, the tech stocks pushed the benchmark indices to close in the positive territory for the fourth consecutive day. The BSE Sensex ended the day higher by 30.66 points at 3583.06 points as compared with ... More

PEOPLE

K.J. Udeshi joins SEBI board
THE Centre has appointed Ms K.J. Udeshi, Deputy Governor of the Reserve Bank of India, to the board of the Securities and Exchange Board of India (SEBI). Ms Udeshi, who had recently been elevated to the position of the Deputy Governor of the ... More

Stock Quotes
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line