The Hindu Business Line : Wednesday, October 08, 2003

1:4 bonus from UTI Retirement Benefit Plan
UTI Retirement Benefit Plan (UTI RBP) has declared its first-ever bonus at 25 per cent, or one unit for every four units of face value Rs 10 held. The record date for the declaration of bonus is October 24. The plan has, in the past, declared ... More

SEBI fine-tunes norms for MF funds in debt
THE Securities and Exchange Board of India (SEBI) has modified the norms related to investment in debt securities by mutual funds in order to include instruments issued by public bodies and institutions, ones that are guaranteed by the Central or ... More

TECHNICAL ANALYSIS

Initial gains not held
BULLS extended their pressure during the initial hours of Tuesday's trading activity. Thereafter, bears made a strong comeback and recouped their early losses. Tuesday's market action resulted in terminating a few uptrend counters in the ... More

STOCK MARKETS

FII interest perks up ICICI Bank
THE ICICI Bank stock shot up today on reported FII buying. The stock closed 6.5 per cent up at Rs 227.60 (Rs 212), after touching the day's peak at Rs 231.35, a 52-week high, on the BSE with a traded quantity of 13.86 lakh shares (5.62 lakh ... More

Indian Hotels scrip makes gains
REPORTS of a sharp recovery in occupancy rates and ARRs or average room rate, saw the stock of Indian Hotels gain momentum on Tuesday, hitting new highs intra-day, on both the BSE and NSE. Brokers said that reports of a 16-odd per cent jump in ... More

Shipping stocks sail on firm freight rates
WITH the global freight market continuing to firm up since the second half of last fiscal, stocks of the shipping companies have been on a bull run on the bourses since April this year. With most of the shipping companies, including the ... More

Steel spikes on FII buying
THE steel sector was once again shining on Tuesday with most of the steel stocks making smart gains. According to dealers, foreign institutional investors were heavy buyers at the counters of Tata Steel and the state-owned Steel Authority of ... More

DERIVATIVES MARKETS

BHEL outlook positive, buy Oct 420 calls
The following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Equity options BHEL: The outlook on this stock is positive. The upside price target is Rs 450. The downside risk level is Rs 405. Consider ... More

COMMENTARY

Profit bookings play spoilsport
DISPLAYING intraday volatility, the BSE Sensitive Index swung up 56.90 points to touch an intraday high of 4688.3 points and slipped 30.20 points to hit a low of 4601.2, before settling flat at 4632.9 points. Losers pipped gainers with 993 stocks ... More

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