The Hindu Business Line : Wednesday, August 06, 2003

Principal MF scheme may invest in foreign equities
INTERNATIONAL equities may soon be high on Principal Mutual Fund's agenda if the Securities and Exchange Board of India agrees to a proposal mooted by it recently. The proposed Principal Global Opportunities Fund is the first scheme mooted by the ... More

TECHNICAL ANALYSIS

Bear domination
BEARS gained control of Tuesday's trading activity. The market sentiment reading of the tradable counters stands neutral. Further bear pressure on Wednesday is likely to change the sentiment reading in their favour. On the other hand, the ... More

STOCK MARKETS

Market's sixth sense at work!
STOCK market players, at least some of them, appear to be quite astute at anticipating corporate events. For example, when promoters of drug maker Lupin Ltd sold a part of their equity stake to Citigroup, the market seemed to have sensed it ... More

Booster dose for Cipla scrip
UNCONFIRMED developments served as a booster dose for the otherwise languishing counter of domestic pharma major Cipla on the bourses on Monday. The stock which had suffered a setback in the wake of the Supreme Court ruling on DPCO, seemed ... More

Jaiprakash Ind scrip scales 52-week high
JAIPRAKASH Industries stock scaled a new 52-week high of Rs 63 on Tuesday, but could not hold on to it till the close. The stock closed at Rs 57.35 (Rs 57.45) on the BSE and Rs 57.65 (Rs 57.05) on the NSE. The combined volume of the stock on ... More

Buoyed by institutional interest
A LARGE foreign brokerage house was seen shopping for Tata Teleservices shares in the market on Tuesday. The market grapevine has it that a private equity fund is interested in buying a stake in the Tata group company. According to dealers, ... More

DERIVATIVES MARKETS

Reliance: Outlook negative, buy August 340 puts
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Equity options Reliance Industries: The outlook on this stock is negative. The downside price target is Rs 320. The upside risk level ... More

REGULATORY BODIES & RULINGS

SEBI paper proposes novel instruments, brokers' rating
According to the paper, trading of rights on the stock exchanges would add value to the investors in terms of better liquidity, price discovery, cost saving and convenience. More

COMMENTARY

Winning streak ends, Sensex tumbles
THE markets snapped a nine-day winning run as selling in frontline index stocks such as Reliance Industries, State Bank of India and Hindustan Lever saw the BSE Sensex tumble by 66.68 points to close at 3765.82 points. ... More

INVESTOR PROTECTION

ICSI, SEBI to train investors on safety
The clinics will comprise a panel of company secretaries, who will advise investors on various issues, says Mr N.K. Jain. More

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