The Hindu Business Line : Saturday, August 30, 2003

Luxottica asked to make open offer for Ray Ban India
THE Securities Appellate Tribunal today asked Luxottica Group SpA to make an open offer to the shareholders of Ray Ban Sun Optics India Ltd, makers of Ray Ban brand eyewear, to buy 20 per cent equity of the company with April 28, 1999, as the ... More

MUTUAL FUNDS

JM Mutual plans to launch 2 more funds
MOVING away from the traditional practice of introducing plain vanilla schemes, JM Mutual Fund, one of the country's leading funds in the private sector with assets under management of around Rs 4,000 crore, is now getting ready to tap the market ... More

LIC Mutual moots floating rate fund
LIC Mutual Fund has mooted a floating rate fund that will, under normal circumstances, allocate a minimum 40 per cent of its assets to floating rate securities or fixed rate securities swapped for floating debt or money market instruments. The ... More

TECHNICAL ANALYSIS

Bulls regain
BULLS regained control of Friday's trading activity. Their dominance left the bears with no opportunity to recover. The market sentiment reading of the tradable counters stands mildly bullish. Bear domination on Monday is likely to neutralize the ... More

STOCK MARKETS

United Phosphorous active on foreign buy
Dealers said foreign buyers were quite active at the counter. They said a brokerage house has been doing road shows to market the stock overseas. The company's share was frozen at the 20 per cent upper circuit filter the whole day on Friday. ... More

Patent pact lights up pharma stocks
PHARMACEUTICAL companies were in limelight in the bourses today after the landmark agreement between US and a group of countries including India that would relax patent regulations on some drugs. Brokers and analysts said if this agreement were ... More

Jisco stock shines
THE steel stocks on Friday closed higher on the major bourses as the Jindal Iron & Steel (Jisco) stock, day's biggest gainer in the segment, improved by about 6 per cent, while the Tisco stock moved up by around 2.54 per cent and the SAIL stock ... More

DERIVATIVES MARKETS

BPCL: Outlook positive, buy Sept 340 calls
THE following strategies are based on Friday's trading in the derivatives sector on the NSE: Equity options: The outlook on BPCL is positive. The upside price target is Rs 375. The downside risk level is Rs 303. Note that the call ... More

COMMENTARY

Select old economies take Sensex up
MARKETS were edgy on Friday. With 968 stocks advancing and 1092 stocks declining, the benchmark indices closed the day in the positive, owing to the strength in pharma and oil stocks and select old economy stocks. The Sensex made it to an ... More

Stock Quotes
SE Diary

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