The Hindu Business Line : Wednesday, December 10, 2003

2 UTI master equity plans to pay 100 pc
TWO tax-saving funds managed by UTI Mutual Fund will come out with 100 per cent dividend later this month. Master Equity Plan 1998 and Master Equity Plan 1999 will both come out with the first instance of 100 per cent dividend from UTI MF. An ... More

HSBC mutual announces special dividend
HSBC Asset Management (India) Pvt Ltd, one year after flagging off operations, today announced an anniversary dividend for the HSBC equity fund and the launch of two new schemes. The pay out rate was not revealed since the trustees are yet to ... More

TECHNICAL ANALYSIS

Bull domination
BULLS prevailed over Tuesday's trading activity. Bulls controlled the trading activity right from the beginning of the day. Bears could not have any say in the day's proceedings. Bull domination during the day turned sentiment reading neutral. ... More

STOCK EXCHANGES

SEBI plans to seek OTCEI revival via `call auction'
THE Securities and Exchange Board of India is working out a proposal aimed at reviving the Over The Counter Exchange of India (OTCEI), which has been suffering from a lack of takers in recent years. The regulator would like the exchange to try ... More

STOCK MARKETS

Record 488 stocks hit upper circuit on BSE — Sensex up 98 points, tops 5,200
ON a day when BSE Sensex gained 98 points, the market players went on a rampage; every fourth stock traded on BSE got locked in the upper circuit. What was more interesting was the maximum number of stocks hitting upper circuit was from the ... More

ITC: They also make tobacco
THERE seems to be some revived interest in tobacco and FMCG major ITC in the last few days. Dealers said there are various factors for the interest in the company. The market is looking at it as a diversified company with operations in tobacco, ... More

Acquisition buzz shot in the arm for Glenmark
THE stock of Glenmark Pharmaceuticals Ltd has been the centre of market attention in the recent past, appreciating by more than 89 per cent on the bourses from its low of Rs 73.85 (BSE) on October 24. Rumours of possible acquisitions coupled ... More

DERIVATIVES MARKETS

Negative outlook on ACC, HCL Tech
THE following strategies are based on Tuesday's trading in the spot and the derivatives segment on the NSE: ACC: The near term outlook on this stock is negative. The downside price target is Rs 190. The outlook on the stock could turn ... More

COMMENTARY

Stock markets back on bullish mode
STOCK prices, which had turned weak in the last few trading sessions, reverted to their bullish mode and the Sensex soared past the 5,200-mark on Tuesday. With 28 out of the 30 Sensex stocks advancing, the index gained 1.9 per cent. Nifty almost ... More

IPOS

Surya Pharma public offer opens on Dec 18
SURYA Pharmaceuticals Ltd will open its initial public offer on December 18. The offer of 30 lakh equity shares of Rs 10 each for cash at a premium of Rs 35 each would aggregate Rs 13.5 crore. The proceeds would be used to meet working capital ... More

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