Financial Daily from THE HINDU group of publications
Thursday, December 18, 2003
Markets (Dec. 17)
BL 2501930.28 (+0.57)
BSE Sensex5418.23 (-18.82)
S&P CNX Nifty1733.25 (-3)
US Dollar (Buy/Sell)45.47/45.60
Gold Std (10 gm)6090 (-10)

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PREFERENTIAL ALLOTMENTS


Fresh open offer for Ondeo Nalco meets with resistance
A SECTION of shareholders has raised objection to the proposed fresh open offer for 20 per cent stake in Ondeo Nalco India Ltd, a water treatment and chemical company, by its new overseas parents. According to SEBI sources, a number of ... More

MUTUAL FUNDS


Performance, dividends attract investors to mid-cap funds
THE mid-cap story is far from over in the realm of mutual funds even as equity schemes with a focus on mid-cap stocks continue to attract investors. The last count pointed to two funds directly carrying the `mid-cap' tag, Birla Mid Cap and ... More

STOCKS


Borregaard offloads entire stake in Suven Life
BORREGAARD Industries Ltd has offloaded its entire equity holding in Suven Life Sciences Ltd in apparent moves to take advantage of the bull run in the capital market and book significant profits before the year-end. As a technical and ... More

SEBI panel moots curbs on stock split
THE Secondary Market Advisory Committee of the Securities and Exchange Board of India has suggested that no listed company whose average market price in the previous six months is less than Rs 500 per share be allowed to split the value of its ... More

TECHNICAL ANALYSIS


Bears persist
BEARS continued to hold their sway after intense tug of war between bulls and bears during Wednesday. Bears managed to retain their pressure even with prolonged opposing force from bulls during the day. However, the sentiment reading of the ... More

STOCK EXCHANGES


Mumbai regains ground in NSE turnover
INVESTORS in Mumbai seemed to be busy in doing business when the stock market is in the uptrend. According to the National Stock Exchange's latest fact-sheet, Mumbai's contribution to the total traded turnover (in cash segment) jumped by over ... More

STOCK MARKETS


ALFA Laval engineered by order talk
ALFA Laval, the heavy engineering company, is said to have bagged a contract to set up plants for South African Breweries. The market grapevine said the contract could be worth about Rs 40 crore. The stock gained over 1.5 per cent on Wednesday ... More

DERIVATIVES MARKETS


Nifty: Outlook negative, short Jan. futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segment on the NSE: NIIT: The stock closed at Rs 251 in the spot market. The outlook on this stock is negative. The downside price target is Rs ... More

FOREIGN INSTITUTIONAL INVESTORS


RBI clearance not required for FIIs' registration
THE foreign institutional investors (FIIs) registered with the Securities and Exchange Board of India (SEBI) need not obtain clearance separately from RBI for undertaking operations in the country, according to the RBI. In order to simplify the ... More

ASSET MANAGEMENT COMPANIES


UTI AMC forcing VRS down our throats: Staff
THE Unit Trust Employees' Association, which has opposed some service conditions imposed by the Government, is said to have found support from trade unions representing banking, insurance and oil sectors. Representatives of various unions have ... More

COMMENTARY


Tech stocks stay bearish; engg sector active
THE Sensex cooled off for the day after a six-day uptrend. Index heavy weights such as HLL, ITC and Infosys, that were active in the last few trading sessions, slid pulling the markets. Despite the lack of enthusiasm among large ... More

ECONOMIC OFFENCES


SEBI debars Ketan Parekh for 14 years
THE Securities and Exchange Board of India has banished stockbroker Mr Ketan Parekh, his cousin, Mr Kartik Parekh, and their seven associate firms from the capital market for 14 years for alleged manipulation of share prices and fictitious ... More

Sunil Kayan barred from trading till probe ends
SEBI on Wednesday prohibited Mr Sunil Kayan, allegedly the brain behind illegal `dabba' trading on Lyons Range, from dealing in securities till completion of inspection proceedings against him. Mr T.M. Nagarajan, Whole Time Member, SEBI, ... More


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Mid-Term Monetary and Credit Policy for the year 2003-2004

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Top Stories
Will the rupee maintain upward trend?


SEBI panel moots curbs on stock split

Mumbai regains ground in NSE turnover

Govt buyback of equity from banks likely after Budget

`India rising' — Will it ride the demographic wave?

In Focus
Steel Industry in 2003
Outsourcing backlash
Stamp paper scam
Housing finance scenario
Insurance Round-up — 2003
Organic farming
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
Rising intolerance
(The Hindu)
Vaishnavaite Temples in Tamil Nadu
(The Hindu)
Saivite Temples in Tamil Nadu
(The Hindu)

In Depth
Insurance Corner
Swati CA
Simple Economics
Slowburn
Tax Talk
NRIs & Investment Avenues
Iraq Diary

Looking back
Dec. 7-Dec. 13
Further correction likely on profit-taking

Flat end to a choppy trading day

Bulls charge up for third consecutive day


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