The Hindu Business Line : Tuesday, July 01, 2003

UTI Mastergrowth declares 12 pc dividend
UTI Mutual Fund has declared a dividend of 12 per cent (i.e. Rs1.20 per unit on a face value of Rs10) for its UTI Mastergrowth scheme. According to a press release, the record date has been set as July 18, 2003. The scheme has distributed ... More

TECHNICAL ANALYSIS

Bull domination
BULLS were in total control of Monday's trading activity. Their dominance left the bears with no opportunity to recover. The market sentiment reading of the tradable counters stands strongly bullish with no downtrend counters. Bear domination ... More

STOCK EXCHANGES

BSE index-based circuit breaker system in place
THE Bombay Stock Exchange (BSE) has put in place an index-based, market-wide circuit breaker system that would halt trading at three stages — if the Sensex or NSE S&P CNX Nifty fluctuate more than 10 per cent, 15 per cent and 20 per cent ... More

CSE asks arbitrators to continue
THE Calcutta Stock Exchange on Monday directed its arbitrators to continue till the disposal of the current arbitration proceedings, following a mandate from SEBI. The market regulator has opined that there should be no delay in the disposal of ... More

STOCK MARKETS

Export potential of Scorpio predicts good times for M&M
EMERGING clarity on the export potential front for Scorpio has been aiding momentum at the M&M counter, with the stock moving up sharply amidst good volumes. Says analyst Mr Sumeet Pillai of Karvy Stock Broking, "Today there is a bit of clarity ... More

Bourses thumbs up for Alstom revamp
THE Alstom Projects stock today saw a significant surge in price and volume as market makers have identified it as a value pick. The stock hit the upside circuit breaker and was frozen at the end of the session at Rs 122.55 (Rs 102.15) on the ... More

ONGC drifts on downgrading
EVEN after reporting a good financial performance for the financial year 2002-03, some foreign broking firms are not optimistic about the future outlook of ONGC. This has led some of them to downgrade the stock to sell. The major factor for the ... More

ITC group stake in EIH unchanged
ITC group seems to have gone slow on creeping acquisition of the Oberois-controlled East India Hotels (EIH) stock. The group, which acquired 14.35 per cent stake in EIH before the end of the quarter to December 31 last year, has refrained from ... More

DERIVATIVES MARKETS

SBI: Outlook remains positive
The following strategies are based on Monday's trading at the derivatives segment on the NSE: Equity options: SBI: The outlook on this stock is positive. One factor that suggests as much is the sharp increase in the call implied ... More

COMMENTARY

Healthcare stocks move ahead
THE liquidity driven rally in stock prices continued on Monday without facing any major resistance. The much-expected correction in stock prices did not materialise as the Sensex soared past the levels of 3,600. Resistance did surface towards the ... More

Stock Quotes
SE Diary

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