Financial Daily from THE HINDU group of publications
Tuesday, April 16, 2002
Markets (April 15)
BL 2501164.77 (-17.08)
BSE Sensex3461.51 (-49.39)
S&P CNX Nifty1134.15 (-12.35)
Dollar (Buy/Sell)48.88/49.01
Gold Std (10 gm)5030 (+15)

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Moody's plans MF indices with ICRA
GLOBAL rating firm Moody's plans to launch mutual fund indices as well as a rating product for the Indian market in association with the domestic rating firm, ICRA. The Moody's-ICRA Fund Indices for the mutual fund market is expected to be ... More


Bears dominate
BEARS were in total control of Monday's trading activity. Bulls were unable to make any impact during the day's trading. The day's activity resulted in terminating most of the uptrend counters. The sentiment reading of the tradable counters ... More


Jindal Vijaynagar in BSE-500
MUMBAI: THE Bombay Stock Exchange has said that Jindal Vijaynagar Steel would replace Tata SSL in the BSE-500 index from April 17. This was necessitated following Tata SSL's delisting from the BSE from Wednesday, the BSE said in a ... More


Merger in sight; Glaxo, Burroughs up
THE much-awaited merger between the multinational pharma companies- Glaxo and Burroughs Wellcome- is likely to happen shortly. The merger has been delayed due to labour problems in Burroughs Wellcome. According to dealers, the management of Glaxo ... More

FICCI survey bullish on capital markets
THE secondary market is expected to bounce back and the BSE Sensex would settle in the 4000-5000 range in a year's time, according to a capital markets survey by the Federation of Indian Chamber of Commerce and Industry (FICCI). According to ... More


Negative outlook on Satyam
MOST equity calls ended in the negative territory on Monday's trading at the NSE. The following are some buy/sell strategies based on the day's trading: Equity options: Calls on Satyam finished lower in line with the fall in the value of ... More


FIIs reduce stake in SSI; promoters' holding in tact
FOREIGN institutional investors (FIIs) have reduced their stake in SSI Ltd by 1.68 per cent to 16.19 per cent (21.80 lakh shares) during the quarter ended March 31, 2002. The FII stake was 17.87 per cent (24.06 lakh shares) in the previous ... More


Markets take a beating on political tension
THE worsening political situation in the country and the continued stalemate in West Asia dragged the stock markets down on Monday. Further, profit-booking in almost all the frontline technology stocks abetted the bearish sentiment during the ... More
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Top Stories
Turbo-charged mobikes save auto sector blushes in 2001 -- Q4 sales surge rescues cars

`Mahajan effect' speeds up village telephony

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Apr. 7-Apr. 13
Close end redemptions may drain UTI coffers

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Suzuki set to take control of Maruti with 56% stake -- Rights issue renunciation almost finalised

FII investment in telecom to be outside FDI cap

UTI team to examine audit reports of 9 cos

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