The Hindu Business Line : Thursday, June 06, 2002

Bayer CropScience open offer for Aventis at Rs 157
BAYER CropScience is making an open offer to acquire 32.92 per cent equity stake in Aventis CropScience at a price of Rs 157 per share. Currently, Bayer CropScience does not hold any shares in Aventis CropScience. However, Bayer CropScience ... More

MUTUAL FUNDS

Canbank Invest plans to launch index-linked funds
CANBANK Investment Management Services Ltd. (CIMS), the asset management arm of Canara Bank, plans to swell funds under its management to Rs 1,000 crore by March-end 2003, up 38.88 per cent from the current Rs 720 crore through the launch of new ... More

TECHNICAL ANALYSIS

Bull domination
BULLS were in total control of Wednesday's trading activity. Bears were unable to make any recovery during the day. The sentiment reading of the tradable counters changed in favour of the bulls. Bull domination on Thursday is likely to further ... More

STOCK EXCHANGES

CSE revises transaction rates in demat
THE Calcutta Stock Exchange has announced changes in transaction charges for the demat rolling segment. It has informed the members that trade in the segment up to Rs 2 crore would involve a charge of 0.005 per cent. The rates for trades in the ... More

STOCK MARKETS

BEL rings louder on higher defence spending hopes
A number of block deals on the BSE and the NSE today pushed the Bharat Electronics Ltd (BEL) stock into the limelight. BEL, which moved up by almost 7 per cent on the BSE, registered a volume of 17.66 lakh shares, before ending the day at Rs ... More

Small investors are `back in action'
THERE has been an all-round increase in investor participation in the stock markets on a month-on-month basis, as the latest figures released by the depositories indicate. Factors such as a swelling interest in PSU stocks and a fall in the ... More

Wimco in MF buy list
MUTUAL funds are eying Wimco now after the stock has risen by over 300 per cent in the last couple of months. Dealers said a leading private sector mutual fund bought around five lakh shares on Wednesday. The market view is that there could be ... More

LIC sells 5.24 pc in Abbott Lab
MUMBAI: Life Insurance Corporation of India sold 2,73,940 equity shares of Abbott Laboratories Ltd at the rate of Rs 245 per share to the open offer given by Pharmacia Corporation. This constitutes 5.248 per cent of the paid-up capital ... More

DERIVATIVES MARKETS

Sell Digital GlobalSoft June 690 call
WITH no fresh negative news haunting the market, the positive sentiment in the cash market continued to sustain on Wednesday. Traders who held on to their long position in call options could have closed the day on a profitable note. The ... More

COMMENTARY

Heavyweights lift Sensex; select PSUs decline
THE markets were enthused by the steady progress made in diplomatic efforts to resolve the Indo-Pak border conflict. The 30-share Sensitive Index marched up by 63.92 points (or 2 per cent) to close Wednesday at 3255.52 points. More

IPOS

No certainty over Inmarsat, Intelsat IPOs: VSNL
VIDESH Sanchar Nigam Ltd (VSNL) has said there is no certainty about the proposed initial public offerings of Intelsat and Inmarsat, either on the matter of their pricing or the number of shares offered. There is no certainty that these IPOs ... More

PEOPLE

Ketan Parekh released

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