The Hindu Business Line : Wednesday, August 07, 2002

Stanchart ties up with Prudential ICICI fund
STANDARD Chartered Bank plans to launch a new scheme, Principal Protection Plan', along with Prudential ICICI Mutual Fund. This is how it works: put your money, not less that Rs 1 lakh, in a fixed deposit with Stanchart for a period ranging ... More

TECHNICAL ANALYSIS

Volatile movement
BEARS dominated the initial hours of Tuesday's trading. Later on, bulls made a strong come back and gained control of the day's proceedings. The sentiment reading of the tradable counters stands in favour of the bulls. Irrespective of bull or ... More

STOCK MARKETS

BSE witnesses first-ever 2-way fungibility trade
THE long wait for two-way fungibility of shares is finally over with the country's first ever trade taking place today on the BSE in the shares of India Cements Ltd. The two-way fungibility trade in India Cements today was brokered by DSP ... More

`Indian capital markets maturing'
THE Indian capital market today presents a vastly different picture from what it was a decade ago with lot of checks and balances in place, ensuring transparency in dealing and protection of the interests of the investors, according to a senior ... More

Infosys gains on order talks
SOFTWARE major Infosys Technologies gained for the second day in a row. On Tuesday, the stock gained 1.62 per cent at Rs 3,137.90 with volumes of 2.11 lakh shares on the BSE. On the NSE, the scrip closed at Rs 3,130.25, up 2.06 per cent with ... More

DERIVATIVES MARKETS

Buy Satyam, HLL puts on stock price upticks
THE following are some buy/sell strategies based on Tuesday's trading in the derivatives segment at the NSE: Equity options: There are several factors that signal a positive outlook on Satyam in the immediate future. But the stock may ... More

Smaller derivative lots suggested
THE Madurai Investors' Association (MIA) has urged the Bombay Stock Exchange (BSE) to reduce the `market lot' size to Rs 50,000 for small investors, in the `derivative' segment. Mr G. Balakrishnan, president of MIA, in a memorandum presented to ... More

REGULATORY BODIES & RULINGS

Luxottica told to make open offer for Ray-Ban — SEBI says takeover code violated
Even though the SEBI statement has not prescribed the price at which the offer has to be made, stockbrokers said that it would be around Rs 105 with an additional interest of around Rs 45 per share. This means Luxottica has to pay around Rs 150 per s hare to Ray-Ban shareholders, brokers said. More

SEBI nixes firms of Nirmal Bang
THE Securities and Exchange Board of India today passed an order cancelling the registration of the stock broking firms of Nirmal Bang with immediate effect for alleged stock price manipulation in February-March 2001. The firms are Nirmal Bang ... More

COMMENTARY

Infotech stocks help in late recovery
AFTER a weak opening, the stock market sentiment perked up a bit in the latter half of the day's trading. Recovering off their intra-day lows, both BSE Sensex and NSE Nifty closed on a positive note on Tuesday. Due to the overnight slide on the ... More

Stock Quotes
SE Diary

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Oil dealership issue may end up in court — `Arbitrary cancellation not possible'

PackMate takes the visually impaired to cyber world

Hyderabad, Kochi take pole position as ITES destinations

Business confidence `significantly' up

Patni Computer among 18 FDI plans cleared

IPBC member lines to hike freight rates from Sept

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