Financial Daily from THE HINDU group of publications
Tuesday, May 13, 2003
Markets (May 12)
BL 2501034.69 (+7.01)
BSE Sensex2942.78 (-7.22)
S&P CNX Nifty936 (-1.85)
Dollar (Buy/Sell)47.12/47.25
Gold Std (10 gm)5490 (+35)

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MARKETS

MUTUAL FUNDS


Equity finds favour among mutual funds
EQUITY seems to be back in the reckoning among mutual fund investors after a long gap, something that is evident from the recent increase in corpus recorded by select players. In small but emphatic ways, diversified equity schemes managed by ... More

TECHNICAL ANALYSIS


Initial gains not held
BULLS were in control of the initial hours of Monday's trading. Later on, bears took over and recouped their early losses. Neither the bulls nor the bears could gain from the day's trading. The market sentiment reading of the tradable counters ... More

STOCK MARKETS


Novartis up 12%
THE Novartis India stock today saw a surge in price and volume on the Bombay Stock Exchange. The stock moved up by 12.03 per cent to close at Rs 245 against the previous close of Rs 219.40. Total traded quantity of the stock on the BSE shot up to ... More

PNB touches new 52-week high
THE stock of public sector Punjab National Bank (PNB) on Monday touched a new all-time high. The new high and sharp rise in the stock price was due to active purchases from select buyers and also from some institutional investors. Dealers said ... More

CAS wave drives up penny stocks
WHETHER the conditional access system (CAS) for cable television is implemented successfully or not remains to be seen, what is clear, though, is that all the talk about CAS is driving up fortunes at a couple of penny stock counters on the ... More

DERIVATIVES MARKETS


Infosys contracts tumble
TRADING remained lacklustre at the derivative segment on the NSE on Monday as the turnover dropped to about Rs 1850.45 crore as against Friday's turnover of about Rs 1910 crore. Index futures: The May futures were the most active with ... More

COMMENTARY


Interest perks up in banking stocks
THE stock market continued its dismal run on Monday and the Bombay Stock Exchange's Sensitive Index (Sensex) broke the resistance level of 2,950 points. After opening on a strong note at 2,955.19 points, the Sensex touched a high of 2,965.37 ... More

RIGHTS ISSUES


IDBI Bank to go for rights issue
IDBI Bank proposes to go in for a rights issue, shelving, at least for the time being, all other plans to raise capital. The bank's board is meeting on May 19 to consider an issue of shares to existing shareholders, the bank informed stock ... More

PEOPLE


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    Tyre makers to urge Govt to rescind ban — Following SC ruling on rubber import under advance licence

    SARS strengthens case for drugs at affordable cost — Singapore, others may join India's stand at WTO

    MPs owe BSNL, MTNL Rs 12.34-cr bill arrears

    Insurers find it tough to get new business

    Manufacturing pushes up industrial growth to 5.8 pc

    In Focus
    SARS scare
    The Cable tangle
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collection
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    May. 4-May. 10
    Trading interest dull in major bourses

    Can the market bank on banking stocks?

    Investors fancy cos with high dividend yield


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