Financial Daily from THE HINDU group of publications
Saturday, February 16, 2002
Markets (Feb. 15)
BL 2501126.34 (+7.88)
BSE Sensex3602.02 (+44.96)
S&P CNX Nifty1159.95 (+9.95)
Dollar (Buy/Sell)48.65/48.78
Gold Std (10gm)4970 (+30)

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Liberty Oil Mills: Attracting interest
The open offer by Liberty Investments Pvt Ltd and associates for acquisition of a 27.15 per cent stake in Liberty Oil Mills may perk up trading interest in the stock on the bourses. The open offer price is Rs 30. The stock is infrequently traded ... More

Hindustan Lever: Relief in sight
THE decision by Hindustan Lever to hike selling prices on some of its major brands could have a positive signalling effect on the stock on the bourses. Apart from relieving some of the pressure on HLL's margins, the move could also be ... More


UTI market share dips below 50 pc in Jan
THE market share of the country's largest mutual fund, Unit Trust of India (UTI), in the over Rs 1 lakh crore mutual fund industry, has fallen below 50 per cent at the end of January 2002. According to figures released by Association of Mutual ... More

Franklin in tie-up with banks for direct credit
FRANKLIN Templeton Mutual Fund has tied up with nearly a dozen banks, both domestic and foreign, to facilitate easier redemption of units. Depending on the service norm applicable to the scheme concerned, the amount of redemption will be ... More


Narrow movement
FRIDAY'S trading witnessed narrow movement. Bears were successful in initiating the downtrend in few counters. However, the sentiment reading of the tradable counters remains in favour of the bulls. In the normal course of trading, the prevailing ... More


Fungibility yet to make impact
THE RBI guidelines for two-way fungibility of American Depository Receipts (ADRs) have not led to any greater alignment between the prices of ADRs listed on the New York Stock Exchange or Nasdaq and the underlying stocks listed in India. The ... More

Funds upbeat on market outlook
WITH the premier stock indices in the country, especially BSE's Sensex, rising by over 33 per cent since September 11, the mood in the equity markets seems to be upbeat on the back of easy liquidity and low and falling bond yields, fund managers ... More

BSE to suspend 78 scrips from Monday
THE Bombay Stock Exchange (BSE) has decided to suspend trading in the securities of 78 companies with effect from February 18 until further notice for non-payment of annual listing fees by them for 2001-02. The BSE in a statement said that in ... More


Positive outlook on ACC?
FRIDAY's trading in the derivatives segment saw call options on L&T, Reliance, ACC and Tata Steel end in the positive territory. Here are some buy/sell strategies based on the day's trading: Equity options: The February 170 calls on ACC ... More


Consumer durable, PSU stocks hog limelight
THE rally in stock prices remained intact as the uptrend continued. In the last eight trading sessions, the Sensex has gained on 7 occasions. Cumulatively, in the last eight trading sessions, the Sensex has gained more than 5 per cent. Similar to ... More

Knoll Pharma gains on insulin hopes
PHARMACEUTICAL company, Knoll Pharma, is expecting to gain from the new drug policy. Market sources say that `insulin' could be kept out of the DPCO (Drug Price Control Order) list. Insulin contributes a substantial amount to Knoll Pharma's ... More


G.N. Bajpai to head SEBI
THE Government is set to approve the appointment of Mr G.N. Bajpai, Chairman of the Life Insurance Corporation of India, as the new chief of the Securities and Exchange Board of India (SEBI). The appointment of Mr Bajpai is expected to be ... More
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Feb. 3-Feb. 9
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