Financial Daily from THE HINDU group of publications
Tuesday, March 19, 2002
Markets (March 18)
BL 2501143.31 (+5.07)
BSE Sensex3613.28 (-4.40)
S&P CNX Nifty1169.30 (-0.45)
Dollar (Buy/Sell)48.67/48.80
Gold Std (10 gm)4860 (-10)

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Templeton to take over Pioneer ITI
TEMPLETON Asset Management (India) has entered into a memorandum of understanding to acquire 100 per cent stake in Pioneer ITI AMC Ltd, ending months of speculation over one of the most watched deals in the mutual fund industry in recent times. ... More


Marginal loss
MONDAY'S trading witnessed restricted movement. During the close of the day's trading, bears rallied to gain marginally. The market sentiment reading continues to favour the bulls. In the normal course of trading on Tuesday, the prevailing ... More


Analysts sound caution on second-rung IT stocks
SOME of the scrips of small- and medium-cap IT companies that had witnessed increased activity last week, managed to sustain the upward trend today. The market is divided in its opinion over the factors that have been driving up these stocks. ... More

Geojit launches Net trading
GEOJIT Securities Ltd has launched Internet trading for both cash and derivatives segments based on NSE.IT's product `Neat iXS'. Mr G.N. Bajpai, SEBI Chairman, inaugurated the service by punching the first order at a function organised here ... More

Media stocks gain on fund backing
THE media stocks including those of television software production companies are on new highs, primarily on account of institutional buying. TV-18, the software production unit of CNBC India, has risen by 14 per cent in the last five days while ... More

Syngenta up on buyback talk
THE stock of agrochemical major Syngenta India was back in the limelight on Monday with increased volumes. Market sources said that buying interest in the counter caught on with rumours of a possible buyback offer by the company in the next few ... More


Short calls on Digital may yield
MONDAY'S trading in the derivatives segment at the NSE saw equity calls on most top-traded stocks end in the negative territory. Here are some buy/sell strategies based on the day's trading: Equity options: Digital GlobalSoft was one of ... More


Infotech stocks out of market favour
THE market performance was lacklustre on Monday with the main Bombay Stock Exchange Sensitive index (Sensex) losing around 4 points. Though the stock market closed on poor note, trading was volatile. The Sensex, in fact, started higher on the ... More


Lord Krishna rights oversubscribed
THE rights issue of Rs 35.77 crore offered by Lord Krishna Bank Ltd has been oversubscribed. According to a statement issued by the bank, "Shareholders were offered the rights issue at a premium of Rs 2 per share in the ratio of 10 equity ... More
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