The Hindu Business Line : Friday, December 19, 2003

Weekly dividend in Canliquid scheme
CANLIQUID scheme has declared a dividend of Re 0.0096 per unit, net of taxes, for the week ended Dec 15, 2003. This would work out to 5.0057 per cent per annum on the face value of Rs 10 of the share, Canbank Mutual Fund has said. The Net ... More

STOCKS

IDBI may sell stake in IDBI Bank
INDUSTRIAL Development Bank of India (IDBI) may sell its stake in IDBI Bank Ltd before merging itself with a public sector bank. Speaking to Business Line on the sidelines of a workshop series on corporate governance organised by ... More

Prime Textile shareholders nod for delisting
MUMBAI: Prime Textiles Ltd has informed the Bombay Stock Exchange that at the annual general meeting held on September 20, the shareholders approved the delisting of its equity shares from the Chennai, Ahmedabad and Kolkata stock ... More

TECHNICAL ANALYSIS

Bull domination
BULLS staged a comeback leaving bears stranded right from the start of trading on Thursday. Bears could not have any say in the day's proceedings. The bull domination during the day strengthened the sentiment reading of the tradable counters in ... More

STOCK MARKETS

Ethanol boost
THE counter of engineering company Praj Industries is being accumulated by a section of the market players over the last few days. Dealers said the main factor for the buying is due to several orders bagged by the company for setting up ... More

Expansion buzz peps up Graphite India
PURE valuation play has seen the stock of Graphite India Ltd (GIL) inch up on the bourses in the recent past. The stock has appreciated by almost 30 per cent from its levels of Rs 92 as on November 18. While the activity at the counter could ... More

PSU index touches new high as oil stocks gain
STRONG buying in the shares of State-owned oil and energy companies on Thursday lifted the BSE PSU index to an all-time high. The index closed at 3,493.13, up 136.81 points (4.08 per cent). In comparison, BSE index gained 36.7 points (0.68 per ... More

Ingersoll-Rand zooms
THE Ingersoll-Rand stock is on the northward road. The counter has seen a gain of 8.24 per cent in the last nine sessions on the Bombay Stock Exchange. The stock clocked a record of sorts today on the National Stock Exchange after registering a ... More

DERIVATIVES MARKETS

Keen activity in oil counters
WITH the spot market gaining further strength on Thursday, activity at the futures and option (F&O) segment on the National Stock Exchange also picked up. Turnover at the F&O segement was Rs 11,211 crore as against Wednesday's turnover of Rs ... More

COMMENTARY

Interim hopes pump up PSU scrips
AFTER some intra-day weakness, market sentiment improved sharply, leading to a recovery in the key market indices. The 30-share Sensex touched an intra-day low of 5407.46 before closing at 5455. This represents a 36.77-point rise over Wednesday's ... More

IPOS

TV Today IPO oversubscribed
THE India Today group company, T V Today, whose initial public offer opened on Thursday, has been oversubscribed by about 1.48 times and is expected to be listed by the third week of January. On the first day of the bidding process, over 3.5 ... More

RIGHTS ISSUES

Sterlite plans rights issue
STERLITE Industries (India) Ltd plans to issue equity shares to its existing shareholders on a rights basis. The board of directors would meet on December 24 to consider the issue, the company informed the stock exchanges on Thursday. The ... More

Deccan Gold gets SEBI nod for rights issue
DECCAN Gold Mines Ltd, the first private sector gold exploration company listed on the Bombay Stock Exchange, has received the Securities and Exchange Board of India's nod for a rights issue of 49-million equity shares. The company has set ... More

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