Financial Daily from THE HINDU group of publications
Thursday, March 14, 2002
Markets (March 13)
BL 2501122.92 (+7.61)
BSE Sensex3569.62 (+33.82)
S&P CNX Nifty1157.06.45 (+6.60)
Dollar (Buy/Sell)48.68/48.81
Gold Std (10 gm)4910 (+20)

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Reckitt Benckiser open offer for Indian arm
RECKITT Benckiser Plc on Wednesday announced an open offer for acquiring the remaining 49 per cent stake in its Indian subsidiary, Reckitt Benckiser India Ltd, at Rs 250 per share, to delist it. Acquisition of the 49 per cent stake, aggregating ... More


`Mission' to make the best of funds
THE Ramakrishna Mission, troubled as it is by the latest Budget like all other charitable institutions in the country, hopes to more than dabble in debt schemes of mutual funds in the coming fiscal. The mission, despite being particularly ... More


Bear run arrested
BEARS dominated initial hours of Wednesday's trading. Later on, bulls took over and recouped their early losses. The sentiment reading of the tradable counters continues to remain neutral. Bull domination on Thursday is likely to change the ... More


No speed-breakers for LML counter
THE stock of LML today hit the 52-week high of Rs 29.40 on the BSE and closed at Rs 28.25 on the major bourses. The scrip has gained around 28 per cent in the last five sessions. Trading volumes have also been rising dramatically since March ... More

Markets shrug it off -- Keep eye on March 15
FINANCIAL markets across the country shrugged off a Supreme Court ruling on the bhumi puja issue on Wednesday, but marketmen are keeping a wary eye on March 15. The Supreme Court has restrained the Vishwa Hindu Parishad (VHP) from going ... More

Post-merger scene -- Reliance weightage in MSCI likely to go up
THE weightage of Reliance Industries Ltd in the Morgan Stanley Capital International (MSCI) India Index is expected to go up to around 15 per cent from the present level of about 11 per cent, after the merger of Reliance Petroleum Ltd with RIL, ... More

Dell lends a glow to VisualSoft
VISUALSOFT Technologies on Wednesday witnessed huge trading volumes. On the BSE, volumes increased from 17.97 lakh shares to 65.44 lakh shares while on the NSE, volumes touched a record 1.01 crore shares from 20.70 lakh shares traded on Tuesday. ... More


Long calls on Reliance may pay
SATYAM and Reliance Industries hogged the limelight on Wednesday's trading in the derivatives segment at the NSE. Here are some buy/sell strategies based on the day's trading: Equity options: Despite Reliance Industries ending a shade ... More


ESOP panel to be reconvened
THE Securities and Exchange Board of India (SEBI) will reconvene the committee on employee stock option plan (ESOPs) headed by Prof J.R. Varma to discuss the ambiguities in ESOP guidelines. Mr P.R. Ramesh, General Manager, SEBI, told ... More


Frenzied activity in mid-cap tech stocks
THE stock market reversed its three-day losing streak on Wednesday. After a relatively weak opening at 3531.48 points, the BSE Sensex recovered ground to touch a high of 3601.82 points before closing at 3569.62. This represents a rise of 33.82 ... More
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