The Hindu Business Line : Tuesday, October 29, 2002

UTI revamp begins; Ordinance cleared
THE Government has set in motion the restructuring of the country's largest mutual fund - the Unit Trust of India - by splitting it into two entities. The Cabinet had approved the splitting of UTI into two entities in August and had also ... More

A clean slate for NAV schemes
THE restructuring of the Unit Trust of India by splitting it into two entities would lead to the NAV-based schemes being ring-fenced from the woes of the beleaguered US-64 and the assured return schemes. The product basket of the (NAV-based ... More

TECHNICAL ANALYSIS

Bears upbeat
BEARS were in total control of Monday's trading activity. Bulls were unable to make any impact during the day's trading. The market sentiment reading of the tradeable counters continues to remain bearish. Bull domination on Tuesday is likely to ... More

STOCK MARKETS

HLL touches 4-year low on result jitters
STOCK price of FMCG major Hindustan Lever Ltd (HLL) on Monday touched four-year low levels. Brokers and analysts attribute this to the third quarter results, which were below market expectations, and the possibility of further pressure on the ... More

Polaris loses close to 15 pc
POLARIS Software Lab's share price plunged on the bourses on Monday as disappointing quarterly results coupled with market uncertainty about the success of its merger with OrbiTech took their toll. The company's stock price fell by almost 15 ... More

FII selling drags Sensex to new 52-week low
THE free fall of the benchmark Sensex continued for the sixth day today on sustained selling pressure from FIIs and local investors. The Sensex heavyweight HLL touched four - year low on poor quarterly performance, dragging others down with it. ... More

MFs caught on the wrong foot
THE excellent financial results by agro-chemical manufacturer United Phosphorus had some of the private mutual funds foxed on Monday. These funds had sold bulk of their holdings before the financial results and were back on the buying list on ... More

DERIVATIVES MARKETS

Construct November bull call-spread on ACC
THE following are some buy/sell strategies based on Monday's trading in the derivatives segment at the NSE: Equity options ACC: The outlook on this stock appears positive, though the upside is limited. The upside price ... More

REGULATORY BODIES & RULINGS

SEBI granted powers for search & seizure
THE capital market watchdog, Securities and Exchange Board of India, has finally been empowered, with enough teeth to take on manipulators and players violating its regulations. For long, the regulator had complained about inadequate powers to ... More

SEBI `overlooked' alliance issue in ACC deal
THE Securities and Exchange Board of India (SEBI) had overlooked, among others, two obvious and crucial pieces of information while investigating whether Gujarat Ambuja Cements Ltd (GACL) had gained control of Associated Cement Companies Ltd ... More

COMMENTARY

Key pivotals come under selling pressure
THE benchmark BSE Sensex spiralled down on Monday, the sixth trading day in a row and closed lower. Selling pressure witnessed in the counters of the index heavyweights appeared to be the reason for the decline. Click here ... More

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