The Hindu Business Line : Friday, September 20, 2002

Bond option for UTI assured return schemes
THE Government today said that investors in all assured return schemes of UTI would have the option of getting the payout on maturity in cash or in the form of seven per cent tax-free Savings Bonds 2002. The Joint Secretary, Capital Markets, ... More

US-64 to be split into 2
THE board of trustees of the Unit Trust of India (UTI) today decided to split its flagship fund, Unit Scheme-1964 (US-64), by carving out a Rs 181-crore corpus comprising investments of unitholders who came aboard after January 2001. US-64's ... More

UTI is shunned while others make merry
INVESTORS seem to have refrained from investing in Unit Trust of India (UTI). The country's largest mutual fund showed a negative inflow of funds in August while other mutual funds reported positive inflows. However, the negative inflow of Rs ... More

TECHNICAL ANALYSIS

Bear domination
BEARS extended further pressure over Thursday's trading activity. Their dominance for the second successive trading day left the bulls stranded. The sentiment reading of the tradable counters stands strongly bearish. Bull domination on Friday is ... More

STOCK EXCHANGES

25% margin on Hexaware

STOCK MARKETS

KPIT Infosystems' rally petering out
KPIT Infosystems, after witnessing a steady rise since the beginning of August, seems to be losing steam. The stock today closed on a weak note, losing over 5 per cent to Rs 119.75 on the BSE after touching an intra-day high of Rs 129.90. Trading ... More

Zee Tele falls 5 pc on fresh triggers
ZEE Telefilms has been on a southward journey for the past few weeks on account of rumours ranging from a top official resigning to discrepancies in accounting. The stock has shed over 15 per cent in the last one month and has dropped by seven ... More

Colour Chem under selling pressure
THE stock market seems to be losing its patience in the Colour Chem counter. The delay in the Securities Exchange Board of India issuing a directive to shipping company Semac's French parent to come out with an open offer resulted in the Colour ... More

DERIVATIVES MARKETS

Infosys: Construct Oct call bull spread
THE following are buy/sell strategies based on Thursday's trading in the derivatives segment at the NSE: Equity options Infosys: The immediate outlook on the stock appears negative, but it may pay to take a contrary position. ... More

COMMENTARY

Downtrend unabated as tech stocks take a pounding
THE benchmark BSE Sensex on Thursday continued to spiral down and remained bearish. Software companies lost further ground, mirroring concerns of the weak US economy. Profit-bookings continued unabated in select PSUs and auto stocks. More

IPOS

`IPO preferable over strategic sale of Nalco'
THE Swadeshi Jagran Manch (SJM) has said that it does not propose or support strategic sale of Nalco as the first option. "We prefer public offer of shares over strategic sale," its convenor, Mr S. Gurumurthy, has said in a statement seeking ... More

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Looking back
Sep. 8-Sep. 14
`UTI package sends positive signal to industry' — Mr A.P. Kurian, Chairman, Association of Mutual Funds of India

UTI-II sell-off by mid-2003 likely