The Hindu Business Line : Tuesday, June 24, 2003

SEBI's note to MFs on mergers
SEBI has received proposals from a number of mutual funds for merger and consolidation of schemes, which has prompted the regulator to issue an explanatory note on the matter. Consolidation will be seen as change in fundamental attributes of ... More

TECHNICAL ANALYSIS

Bears prevail
BEARS gained control of Monday's trading activity. Bulls were unable to make any impact during the day's trading. Monday's market action resulted in reducing the bull count by a considerable margin. The sentiment reading of the tradable ... More

STOCK MARKETS

Monsoon hopes lift Tata Chem
THE Tata Chemicals stock on Monday attracted significantly higher volumes on major bourses. The stock, after touching a day's high at Rs 76, closed at Rs 72.90 (Rs 72.60) on the BSE. The total traded quantity of the counter on the BSE was 7.63 ... More

Indian Rayon gains on funds' support
AFTER increased interest in Arvind Mills, institutional investors have turned towards Aditya Birla group company Indian Rayon's stock. Dealers said the main factor for institutional interest is due to the revived interest of the market for ... More

Sustained buying props up Vesuvius
SUSTAINED buying support by operators saw the share price of Vesuvius India Ltd jump by almost 10 per cent on the bourses with good volumes. The stock ended the day at Rs 99.95, up 10.56 per cent with around 3.13 lakh shares traded on the BSE. On ... More

DERIVATIVES MARKETS

HPCL: Outlook positive, buy July 330 calls
THE following strategies are based on Monday's trading at the derivatives segment on the NSE: Equity options BHEL: The outlook on this stock is positive. The upside price target is Rs 285. The downside risk level is Rs 245. Note ... More

REGULATORY BODIES & RULINGS

SEBI relaxes norms for listing fees
THE Securities and Exchange Board of India (SEBI) has decided to permit the stock exchanges to decide on the quantum of fee to be levied for securities listed in the concerned exchanges without seeking prior permission from the ... More

COMMENTARY

Profit-taking in heavyweights drags indices
THE much-awaited correction in the benchmark indices began on Monday, led by the bellwether Reliance. The BSE Sensex ended the day lower at 3461.38 points, losing 38.12 points. The broad based S&P CNX Nifty closed the day at 1089.20 points, ... More

BONUS ANNOUNCEMENTS

1:10 bonus for UTI ULIP holders
UTI Mutual Fund on Monday announced a bonus of 1:10 for its Unit Linked Insurance Plan 1971 (UTI-ULIP) unit holders. They would get one unit for every ten units held of face value Rs 10 each, said a UTI release. According to the release, ... More

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