The Hindu Business Line : Saturday, July 05, 2003

High Court stays proceedings against Sun F&C
"We have tried to remove ourselves from the court proceedings," Mr Nikhil N. Khattau, CEO of the fund, said, adding that Sun F&C Asset Management India Pvt Ltd was among the 90-odd defendants who had been named. More

TECHNICAL ANALYSIS

Narrow movement
FRIDAY'S trading activity witnessed narrow movement. Bulls managed to gain from the day's trading. The sentiment reading of the tradable counters continues to remain bullish. Bear domination on Monday is likely to change the sentiment reading in ... More

STOCK EXCHANGES

Cancellation of registration certificates — CSE to follow SEBI norms
According to CSE, registration may be terminated and `no due' Certificate issued, subject to the condition that the broker remits all pending fees. This would also be subject to furnishing an undertaking to pay fees and interest as and when called by the regulator to do so. More

Nalco to delist from all SEs bar BSE, NSE
NATIONAL Aluminium Company Ltd has decided to delist the company's securities from all exchanges other than the BSE and NSE. The decision was taken at the extraordinary general meeting of the shareholders here on Friday. At the meeting of the ... More

STOCK MARKETS

Hedge funds sell HLL
INDEX heavyweight Hindustan Lever Ltd (HLL) stock was among the major losers that led the fall in key indices. The fall was despite good monsoon in major part of the country. Dealers said the fall in the stock price of HLL had nothing to ... More

Bright prospects seen for housing, allied sectors
A LOW interest rate regime, low property prices and the fiscal benefits given to borrowers for interest payment and principal payment are factors combining to create an explosive growth potential in the housing and its allied sectors. According ... More

DERIVATIVES MARKETS

L&T: Outlook positive, buy July 260 calls
THE following strategies are based on Friday's trading at the derivatives segment on the NSE: Equity options L&T: The outlook on this stock appears positive. Note that the call implied volatility has not gathered pace in line ... More

COMMENTARY

Oil PSUs strong; volumes take a beating
A RELATIVE decline in trading volumes was enough to cool down the recent stock price rally on Friday. The combined trading volumes on the BSE and the NSE, which had crossed Rs 6,000 crore on Thursday, slipped back to the levels of Rs 3,900 crore ... More

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