The Hindu Business Line : Friday, January 31, 2003

`Bond scheme will deter unloading in US-64'
UNIT Trust of India (UTI) hopes the proposed bond scheme for investors in US-64 will prevent a distress sale of equity and the consequent negative impact on the stock market. The bond scheme "should prevent unloading", said Mr. M Damodaran, ... More

Birla MF plans Bond Index Fund
BIRLA Sun Life Asset Management Company, the joint venture of Aditya Birla group and Sun Life Financial of Canada, is planning to tap the market with innovative mutual fund products soon, beginning with Bond Index Fund. Addressing newspersons ... More

Nifty BeEs bonus

TECHNICAL ANALYSIS

Initial gains not held
BULLS were in control of the initial hours of Thursday's trading activity. During the wee hours of the day's trading, bears made a strong come back to recoup their losses. The market sentiment reading of the tradable counters stands mildly ... More

STOCK MARKETS

FIIs pay premium for SBI shares
EVEN as the Government is contemplating increasing the foreign investors' holding in State Bank of India (SBI), foreign institutional investors (FIIs) are paying premium to the ruling market price to buy shares of the country's largest bank. A ... More

Sify plans to go for Indian listing
SIFY Ltd is looking at an Indian listing. "Though it is too early to give a time frame or the size of the listing, the item is on our agenda," the company's CEO and Managing Director, Mr R. Ramaraj, told Business Line. "If we do the ... More

Funds active in Hughes Software
Hughes Software gained 7.73 per cent to close at Rs 144.90 with volumes of 20.91 lakh shares on the BSE. On the NSE, the stock closed at Rs 147.15, up 9.24 per cent with volumes of 37.99 lakh shares. Dealers said around 8-10 lakh shares of ... More

DERIVATIVES MARKETS

Satyam Comp: Buy Feb 240 calls
THE following strategy is based on the trading in the derivatives segment on the NSE: Equity option: The immediate outlook on Satyam is positive. The upside price target is Rs 229. The risk is that profit-taking could push the stock to ... More

REGULATORY BODIES & RULINGS

SEBI refuses to review share registry norm
THE Securities and Exchange Board of India (SEBI) has declined to review its directive to listed companies regarding maintaining all work related to share registry — both physical and electronic — at a single point. In separate ... More

FAPCCI contests common share registry order
THE Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has strongly opposed the directives of the Securities and Exchange Board of India (SEBI) asking companies to appoint common agency for physical and electronic share ... More

COMMENTARY

Infotech stocks sizzle
THE markets continued to be in the red on Thursday despite an improvement in valuations of information technology stocks. With the over 18 points fall on Thursday, the Bombay Stock Exchange (BSE) has fallen in three out of the four trading ... More

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