Financial Daily from THE HINDU group of publications
Wednesday, April 03, 2002
Markets (April 2)
BL 2501165.64 (+3.33)
BSE Sensex3505.79 (+5.61)
S&P CNX Nifty1136.95 (-2.00)
Dollar (Buy/Sell)48.78/48.90
Gold Std (10 gm)5015 (+10)

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Sun Pharma to delist from 4 SEs; offers buy-back
THE Mumbai-based pharma firm, Sun Pharmaceutical Industries Ltd, will make a buy-back offer to the existing shareholders prior to its delisting from four stock exchanges. In a notification to the BSE today, Sun Pharma said it would buy back ... More

Precot Mills to buy back shares -- Pegs offer price at Rs 33
THE city-based Precot Mills Ltd has come out with a buy-back offer for 10 lakh equity shares through the tender offer route. The board, which met here today to finalise the buy-back arrangement, put the offer price at Rs 33 per share. The ... More


UTI cuts exit loads
UNITHOLDERS of UTI's debt schemes can now exit from their investments at net asset value (NAV). The mutual fund has decided to remove exit loads from its debt schemes and Monthly Income Plans and reduce the same to two per cent on its equity ... More


Mild bear domination
TUESDAY'S trading witnessed mild bear domination. Bears managed to regain their hold after a span of three trading days. The market sentiment reading of the tradable counters stands mildly bearish. Bull domination on Wednesday is likely to ... More


PSU stocks in limelight
PUBLIC sector companies were the major attraction of the stock markets in the first quarter (January-March) of this calendar year. The buying spree in PSU stocks has seen the BSE PSU Index rise by 73.75 per cent in the first three months. The ... More

Titan up on Tata-Tidco deal?
THE stock of watch and jewellery maker, Titan Industries, has been ruling firm in the last couple of weeks, trading above Rs 50 level. Firm trend in the stock was mainly on rumours that the Tatas might increase their stake in the company by ... More

Swaraj Mazda at new high on growth hopes
THE stock of Swaraj Mazda Ltd (SML) has been witnessing a steady uptrend in recent weeks. Trading volumes in the counter have also been picking up noticeably. The average daily volumes improved to over thousand shares against only a few hundred ... More

Nalco Chem to buy Aquazur India, rules strong on bourses
NALCO Chemicals India, which recently received approval from the Registrar of Companies for changing its name to Ondeo Nalco India, is ruling strong on the bourses on the back of an acquisition proposal. Mr N. Khanna, Director and Company ... More

ICICI sells 3 cos' shares
MUMBAI: ICICI on Tuesday announced that it has sold equity shares of three companies on a spot delivery basis. The institution sold 4.9 lakh shares of Elbee Services at Rs 20.10 per share; 2.54 lakh shares of KC Textiles at Rs 0.10 per ... More


Outlook on Sterlite remains positive
TUESDAY'S trading in the derivatives segment at the NSE saw most equity calls end in the negative territory. The following are some buy/sell strategies based on the day's trading: Equity options: Options on Satyam continued to top the ... More


Two-wheeler, cement stocks in focus
TRADING activity on Tuesday was almost similar to the trend witnessed on Monday. After a firm start, the Sensex erased much of its gains to end the day with a modest rise of about 5.6 points. After opening at 3505.4, the Sensex went on to touch a ... More
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