The Hindu Business Line : Friday, July 18, 2003

Bear domination
BEARS gained control of Thursday's trading activity. Bulls were successful to the extent of initiating the uptrend in few tradable counters. Bears failed to make any gains from the day's trading. The market sentiment reading of the tradable ... More

STOCK EXCHANGES

CSE works out draft demutualisation plan
THE Calcutta Stock Exchange (CSE) has worked out a draft demutualisation scheme in its bid to follow the recommendations made by the working group headed by Mr Justice M.H. Kania. The scheme is aimed at corporatising the exchange, courtesy an ... More

STOCK MARKETS

Small investors may lose direct access to markets
THE Chairman of the Department of Company Affairs' High Level Committee on Corporate Governance, Mr Naresh Chandra, today said the panel is thinking of restricting direct access of very small investors to the capital markets. Mr Chandra said ... More

LIC Housing Fin up on merger talks
SHARES of LIC Housing Finance on Thursday hit an all-time high of Rs 168.80 on the BSE on sustained buying support. The stock which has gained about 28 per cent in the last two trading sessions i.e. from Rs 132 to the all-time high, slipped to ... More

Bull run gaining momentum: survey
THE current bull run in the equity markets seems set to gain further momentum with returns expected to touch a double-digit figure, according to investment banker DSP Merrill Lynch's India Fund Manager Survey July 2003 report. Majority of fund ... More

Essar Shipping gains on deal talk
THE counter of Essar Shipping has been attracting lot of institutional interest over the last few days. In fact on Thursday, the stock saw heavy volumes along with rise in the price. The stock gained 8.38 per cent to close at Rs 15.35 with ... More

Active trading in Bharti Tele
THE Bharti Televentures stock today vaulted in price and volumes on major bourses on bulk buying. According to dealers a select FII reportedly purchased the stock from an institutional holder today. The stock recorded a volume of 24.44 lakh ... More

DERIVATIVES MARKETS

M&M: Outlook negative, short August futures
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Equity options M&M: The outlook on this stock is negative. The open interest position as a percentage of the market-wide limit is ... More

REGULATORY BODIES & RULINGS

SEBI bid to curb fraudulent bidding in public issues
IN a bid to curb fraudulent bidding in public issues, the SEBI's primary market advisory committee has recommended that qualified institutional buyers (QIBs) should be brought at par with retail investors by charging a minimum level of margin in ... More

COMMENTARY

Old economy stocks drag the index
THE market has literally seen a seesaw movement this week. After a rally on Monday, the benchmark indices dropped on Tuesday only to stage a recovery on Wednesday. Again on Thursday, the indices have registered a sharp drop. After a positive ... More

IPOS

Ministry keen on pursuing IPO of Power Fin Corpn
BUOYED by the success of the initial public offer (IPO) of Maruti Udyog Ltd (MUL), Power Ministry is now pursuing Power Finance Corporation's IPO with renewed vigour. The Ministry has recently finalised a Cabinet note for a 10 per cent equity ... More

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