The Hindu Business Line : Friday, November 07, 2003

Lowe Personal to take JM Mutual fund to tiny towns
IN a bid to attract a wider retail base, JM Mutual has appointed Lowe Personal as its marketing consultancy firm for distributing and communicating to potential investors its Monthly Income Plan Fund. The mandate given to Lowe Personal was ... More

Reliance Capital designs new MF scheme for NRIs
RELIANCE Capital Mutual Fund has worked out a diversified equity scheme that will invest in stocks of companies mainly drawn from the BSE 200 index. Christened Reliance NRI Equity Fund, the scheme is expected to target non-resident Indians in ... More

TECHNICAL ANALYSIS

Volatile movement
MARKET witnessed volatile movement during Thursday's trading activity. Neither bulls nor bears could establish their supremacy over the day's trading activity. The market sentiment reading of the tradeable counters remains bullish. Bear ... More

STOCK MARKETS

Institutions drive up Escorts
TWO big domestic mutual funds were seen accumulating the shares of two-wheeler and tractor maker Escorts Ltd. Later in the day a foreign fund also stepped in at the counter, market sources said. According to dealers, the funds are betting on ... More

Voltas surges on fundamentals strength
SUSTAINED investment based buying, saw the stock of Voltas Ltd surge sharply amidst good volumes on the bourses on Thursday. Brokers said that fundamentals have been driving market interest in the counter in the recent past. Perceived as a ... More

Sensex continues on downslide
FOR the second successive day, the Sensex ended in the negative territory, shedding 17.37 points (or 0.34 per cent) to close at 5047. 54 points. In contrast, the S & P CNX Nifty closed in the positive territory, appreciating by 3.05 points (or ... More

DERIVATIVES MARKETS

Construct Nov bull call spread on HPCL
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Equity options HPCL: The outlook on this stock is positive. The upside price target is Rs 353. The downside risk level is Rs 313. ... More

IPOS

Vedanta of Sterlite group to be listed on London bourse — Plans to raise $700 m via public offer
THE Vedanta Resources, owned by the Agarwal Group of Sterlite Industries, on Thursday announced its plans to raise $700 million through an initial public offer and to list on the London Stock Exchange. The offer is to part finance the group's ... More

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