Financial Daily from THE HINDU group of publications
Friday, May 24, 2002
Markets (May 23)
BL 2501085.96 (-15.61)
BSE Sensex3114.05 (-61.44)
S&P CNX Nifty1026.75 (-18.55)
Dollar (Buy/Sell)49.01/49.14
Gold Std (10 gm)5270 (-20)

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Digital, fancied scrip of growth funds
THE Digital GlobalSoft stock appears to have caught the fancy of diversified growth funds. It dominated the portfolios of at least five leading funds last month, thanks to an average weightage of 7.02 per cent. Digital, as a new survey by SKP ... More


Bears march ahead
BEARS exerted further pressure on Thursday's trading. Bulls were unable to make any impact during the day's trading. Nifty continues to be on the downside, losing for the eighth successive trading day. The market sentiment reading of the tradable ... More


War fears weigh on rupee, stocks
THE rupee fell to an all-time low against the dollar even as the equity markets continued to remain in the grip of war fears for the eighth consecutive day on Thursday. Sellers outnumbered buyers driving the BSE Sensex further down by 61 points ... More

Electrosteel gains on hopes of better show
IN a choppy market, the Electrosteel Castings stock has been moving up in the last three days. It closed at Rs 226.80 on the Bombay Stock Exchange, up by 3.09 per cent. On the NSE, it closed at Rs 226.90. The combined volumes in the both ... More

VisualSoft gains on order talk
DESPITE large sellings in the market, VisualSoft Technologies was able to remain firm. According to dealers, this was due to an expected business order for the company. In addition, there was also select value-buying from some market players. ... More

Changes in NSE indices
MUMBAI: The National Stock Exchange (NSE) will replace ICICI Ltd with Videsh Sanchar Nigam Ltd (VSNL) in its S&P CNX Nifty index from May 31. Polaris Software Lab will replace VSNL in the CNX Nifty Junior index subsequently, the NSE ... More


Construct put spread in Nifty
BORDER tensions failed to diffuse during Thursday and the market continued to lose ground. Buyers of put options can smile, as their positions would have netted them good profits. The following recommendations are based on Thursday's ... More


SEBI bars broker-members of CSE from holding top posts
THE Securities and Exchange Board of India (SEBI) has once again stepped in and exercised its powers to ban the broker-members of Calcutta Stock Exchange Association Ltd (CSE) from holding the posts of President, Vice-President and Treasurer of ... More


Sensex at 6-month low as mood is downcast
ON Thursday, the stock market plunged further down to end at a six-month low on war fears. The markets nosedived as index heavyweights ITC, Reliance Industries, Reliance Petroleum and HLL slid. Click here ... More
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