Financial Daily from THE HINDU group of publications
Saturday, June 01, 2002
Markets (May 31)
BL 2501085.47 (-4.93)
BSE Sensex3125.73 (-10.16)
S&P CNX Nifty1028.80 (-3.35)
Dollar (Buy/Sell)49.00/49.13
Gold Std (10 gm)5435 (+50)

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Restricted movement
FRIDAY'S trading witnessed restricted movement. Bears were successful in increasing the bear count by a considerable margin. The market sentiment reading of the tradable counters stands mildly in favour of the bears. More


BEL, BEML stocks volatile amid orders, war clouds
THE last one month has seen sharp fluctuations in the share prices of Bharat Earth Movers Ltd (BEML) and Bharat Electronics Ltd (BEL). While market sources attribute it to rumours of divestment, company sources, however, say it is because of the ... More

ICICI Bank, VSNL firm on fund buying
EVEN as the controversy between the Ministry of Telecommunications and the Tatas rages, the share price of VSNL has remained firm. Dealers said the firmness in the counter was mainly due to the entry of the stock into NSE's S&P CNX Nifty. ... More

RCF hits new high
RASHTRIYA Chemicals and Fertilizers (RCF) Ltd hit a 52-week high amidst huge volumes on both NSE and BSE today. Rumours that the Cabinet Committee on Disinvestment (CCD) was meeting in New Delhi today to take a decision on RCF disinvestment ... More


Sell Satyam 240 call
THE cash market ended the day down marginally over the previous close. This led to select call options losing value during the day. The following trading recommendations were based on the closing prices at the derivatives segment on the ... More


Court quashes CBDT order on tax relief to Mauritius FIIs
IN a major setback for the Finance Ministry, the Delhi High Court today quashed the controversial circular issued by the Central Board of Direct Taxes two years ago exempting Mauritius-based Foreign Institutional Investors (FIIs) from paying tax ... More


Markets dull; more losers than gainers
THE stock markets ended on a negative note on the last day of the week. The magnitude of loss at the end of the day, however, was much lower compared to what it was during the early morning trade. The market rebounded towards the end of the day, ... More


i-flex IPO to open on June 5 at Rs 530
THE much-awaited initial public offer (IPO) of i-flex Solutions will be finally hitting the primary market on June 5. The IPO is being made through the 100 per cent book-building process at a floor price of Rs 530 per share for Rs 5 face value ... More
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Top Stories
Grasim ups stake in L&T by 2.84%

Huge agri-database in the making

Grains export price cut

i-flex IPO to open on June 5 at Rs 530

Mahajan warns VSNL of tough legal action

Public sector bank profits show 100 pc growth

Export trend shows diversification to small nations

In Depth
Gender Justice
Simple Economics
Guide to derivatives

Looking back
May. 19-May. 25
It's a roller-coaster ride -- Steel gains 20% in M-cap; entertainment loses 15 pc

Sensex down 96 points; gold zooms to new high

UTI market share dips below 50 pc in April

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