Financial Daily from THE HINDU group of publications
Tuesday, November 12, 2002
Markets (Nov. 11)
BL 2501030.27 (-3.87)
BSE Sensex2948.04 (-8.80)
S&P CNX Nifty954.05 (-2.90)
Dollar (Buy/Sell)48.21/48.34
Gold Std (10 gm)5280 (-10)

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MARKETS

MUTUAL FUNDS


First India's Tax Gain turns open-ended
FIVE years after it launched a close-ended equity linked savings scheme, First India Mutual Fund has turned it open-ended, discarding its 1997 tag and mandating CAMS (Computer Age Management Services) as its registrar and transfer agent. The R&T ... More

TECHNICAL ANALYSIS


Activity remains in narrow range
MONDAY's trading activity witnessed narrow movement. Neither the bulls nor the bears could gain from the day's trading. Market sentiment of the tradable counters stands neutral. Bull domination on Tuesday is likely to change the sentiment reading ... More

STOCK EXCHANGES


BSE special margin on 42 scrips
CHENNAI: The Bombay Stock Exchange has revised special margins on 42 scrips from Monday. The margin rates have been revised keeping in view the closing price of the scrip on the last day of the settlement, the BSE said. Special margins ... More

NSE revokes suspension
CHENNAI: Following satisfactory response to issues relating to non-compliance with the provisions of listing agreement, the National Stock Exchange has revoked the suspension notices on Bharat Hotels, DCM and Pearl Global Ltd. Earlier, ... More

STOCK MARKETS


Nalco lone exception — LME signals boost aluminium stocks
THE stock prices of aluminium counters have of late been rising on the major bourses on the back of improvement in the commodity price on the London Metal Exchange. However, the Nalco stock continued to drift downwards because of the uncertainty ... More

Value buying in Burroughs Wellcome
THE stock of Burroughs Wellcome has slowly but steadily began its upward climb in the last few days. The stock has gained about 5.21 per cent since November 4. Dealers say that the interest in the stock is mainly due to the attractive levels ... More

ICICI Bank down on Dabhol worries
THE stock of ICICI Bank has taken a beating on the bourses recently due to investment concerns and not so encouraging quarterly performance. The stock has seen a steady decline and shed over seven per cent in the last five days. Today, ICICI ... More

REGULATORY BODIES & RULINGS


SEBI action against brokers
THE Securities and Exchange Board of India (SEBI) has prohibited Indian Finance Guaranty Ltd (member NSE and OTCEI), Mr Tulsi D. Bhayana and Mr Ashok Kumar Sardana (both members of the Bhubaneswar Stock Exchange), and Times Securities Company Ltd ... More

COMMENTARY


Tech stocks slide in listless market
IT was yet another day of lacklustre trading activity at the stock market. Reflective of the sober market mood, the Bombay Stock Exchange (BSE) Sensitive index (Sensex) was confined to a narrow trading range of about 17 points during Monday's ... More

IPOS


Canara Bank IPO opens on Nov 18 at Rs 35
THE Rs 385-crore initial public offering (IPO) of Canara Bank will open on November 18. The issue of 11 crore-equity shares of Rs 10 each, priced at Rs 35 per share, at a premium of Rs 25 per share will remain open till November 27. "The IPO ... More

INVESTOR PROTECTION


Chamber not for wide powers to SEs on company closure
THE Associated Chambers of Commerce and Industry (Assocham) has cautioned against conferring sweeping powers to stock exchanges for winding up of a company based on complaints by investors. Instead, the chamber has suggested strengthening of ... More
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