Financial Daily from THE HINDU group of publications
Wednesday, April 17, 2002
Markets (April 16)
BL 2501152.40 (-12.28)
BSE Sensex3413.72 (-47.79)
S&P CNX Nifty1118.75 (-15.40)
Gold Std (10 gm)5010 (-20)

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OPEN OFFERS


Wartsila makes 2nd open offer for Indian arm
FINNISH power major, Wartsila Corporation along with Wartsila Technology Oy Ab, today announced its second open offer to acquire up to 18.34 lakh shares (15.24 per cent) of the Indian subsidiary, Wartsila India, at Rs 120 for every share of face ... More

MUTUAL FUNDS


Pharma, IT sectors share even honours in First India tax fund
FIVE years after its launch, Tax Gain 97, First India Mutual Fund's maiden and till recently the only scheme, has put its pharma investments at par with its exposure to the infotech sector. At the same time, Mr R. Balakrishnan, CEO, First India ... More

Debt and balanced schemes -- SEBI tells MFs to disclose performance of benchmarks
THE Securities and Exchange Board of India (SEBI) has directed all mutual funds to disclose the performance of the benchmarks of their debt-oriented and balanced fund schemes in their half-yearly results. The disclosure of the performance of ... More

TECHNICAL ANALYSIS


Bears march ahead
BEARS were in total command of Tuesday's trading activity. Their dominance for the second successive trading day left the bulls with no opportunity to recover. However, the market sentiment reading of the tradable counters stands neutral. ... More

STOCK MARKETS


Mukta Arts up on library rights talk
THE stock of Mukta Arts moved up by 14 per cent on market talk that the entertainment company has wrapped up the sale of rights of its library to a leading broadcaster. The company has been in talks with broadcasters for the sale of rights of ... More

HLL tumbles on topline blues
DISAPPOINTMENT over the 10-per cent decline in Hindustan Lever Ltd's (HLL) topline was apparent on the bourses with the share dipping by over 5 per cent. On the BSE, the HLL stock dipped Rs 11.80 to Rs 211.15 with 20.64 lakh shares being traded. ... More

ITW Signode delisted
ITW Signode India Ltd, an industrial packaging company, today announced the delisting of its stock from the Mumbai and Hyderabad stock exchanges. The decision to delist follows the public offer by Illinois Tool Works Inc to buy out the public ... More

DERIVATIVES MARKETS


Sell 570 put on Digital Global
CALL options lost value during the day's trading in the derivatives segment of the National Stock Exchange. The top traded options were on Satyam Computer and Digital Globalsoft.
  • The April 300 call on Satyam Computer was actively ... More

    REGULATORY BODIES & RULINGS


    Takeover panel wants share acquisition norms tightened
    THE Securities and Exchange Board of India's takeover panel has suggested further tightening of share acquisition norms. According to Mr Justice P.N. Bhagwati, who heads the SEBI's takeover panel, if the acquirer fails to make an open offer ... More

    COMMENTARY


    Hindustan Lever, ITC pull down Sensex
    WEIGHED down by the weak trend in Hindustan Lever, the BSE Sensex closed on a weak note for the second day in succession. After opening at 3459.08, the index never managed to gain ground during the day. It closed at 3413.72, down 47.79 ... More
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  • Top Stories
    Sinha all set to restore I-T rebate


    Cars give a lift to auto exports

    Net no rookie in chess

    Pepper prices move up on buying support

    Strike brings cheque clearing to standstill

    Oil cos slash product prices

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Apr. 7-Apr. 13
    Close end redemptions may drain UTI coffers

    MFs can invest 4 pc of assets in foreign papers -- SEBI fixes individual limit at $50 m

    Govt set to distance itself from UTI, give up powers -- Act amendment on the cards

    SEBI to decide on UTI schemes shortfall issue

    It's curtains for bank-sponsored MFs

    Suzuki set to take control of Maruti with 56% stake -- Rights issue renunciation almost finalised

    FII investment in telecom to be outside FDI cap

    UTI team to examine audit reports of 9 cos


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