Financial Daily from THE HINDU group of publications
Thursday, December 11, 2003
Markets (Dec. 10)
BL 2501885.78 (+17.56)
BSE Sensex5285.54 (+58.20)
S&P CNX Nifty1686.90 (+11.05)
US Dollar (Buy/Sell)45.50/45.63
Gold Std (10 gm)6080 (-5)

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MARKETS

MUTUAL FUNDS


UTI to launch `Master Plus' in UAE on Dec 13
UTI International Ltd, in co-ordination with Societe Generale, will be launching UTI Master Plus Linked Notes, the first scheme under the umbrella of the India Equity Plus Series on December 13. This is the first in a series of capital ... More

MF investors' equity appetite increases
A BLEAK outlook for returns on income funds (that invest only in debt instruments) has nudged an increasing number of retail investors in search of better returns towards riskier funds that invest in equity too. The changing attitude may have ... More

Financial planners advising against MIPs
AS returns from traditional fixed income products dwindle, mutual funds have anointed the monthly income plan (MIP) as the safe and steady investment product with high returns. Personal finance planners are, however, advising clients against ... More

Reliance MF launches monthly income plan
RELIANCE Capital Mutual Fund has launched a monthly income plan that promises to produce better returns than a pure debt plan by investing up to 20 per cent of the fund in equity. The initial offer for the Reliance MIP is open from December 10 to ... More

TECHNICAL ANALYSIS


Volatile movement
WEDNESDAY'S market activity witnessed volatile movement. Bulls were able to withstand the bear pressure and turn the sentiment reading in their favour. Bear domination on Thursday is likely to neutralise the sentiment reading. On the contrary, ... More

STOCK MARKETS


Gujarat Ambuja: Price hike hopes keep them high
CEMENT stocks were in the limelight on Wednesday, attracting both the domestic and foreign institutional buyers. According to the market grapevine, cement producers are planning a Rs 10 per bag price hike in Gujarat next week followed by a Rs 5 ... More

Sugar stocks' rise surprises experts
SUGAR industry traders were surprised today over the sharp rise in the prices of sugar stocks as there was hardly any positive development for the industry or individual companies. Led by Balrampur Chini Mills, the country's largest sugar ... More

DERIVATIVES MARKETS


BPCL: Outlook negative, short January futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segment on the NSE: BPCL: The stock closed at Rs 379 in the spot market. The outlook on the stock appears negative. The downside price target is Rs ... More

FOREIGN INSTITUTIONAL INVESTORS


Issue of participatory notes by FIIs — SEBI to probe OCB-NRI fund link
THE Securities and Exchange Board of India (SEBI) is determined to get to the bottom of some transactions in participatory notes (PNs) issued by a few foreign institutional investors (FIIs) registered in the country. The regulator suspects that ... More

REGULATORY BODIES & RULINGS


SEBI ombudsman to have shorter term
The Securities and Exchange Board of India has stipulated that a person appointed as an ombudsman can now hold office only for a term of three years. However, there would be an option for being reappointed for another period of two years. The ... More

COMMENTARY


Surge in last hour leads to smart rally
THE undertone of bullishness in the BSE Sensex prevailed for the second consecutive day on Wednesday closing 56.2 points (or 1.07 per cent) higher at 5,285.54 points. The Sensex touched an intra-day high of 5,300.79 points in the afternoon but ... More

ECONOMIC OFFENCES


SEBI bans Snowcem from capital market for 2 yrs
THE Securities and Exchange Board of India has banned paint maker Snowcem India Ltd from accessing the capital market and dealing in securities for two years for manipulating its own share price with the help of some entities. Passing the ... More
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Nov. 30-Dec. 6
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