The Hindu Business Line : Friday, June 07, 2002

MFs shelving dividend plans
THE dividend option in liquid funds seems to be a dying breed, a consequence of the last Union Budget. In ones and twos, mutual funds are shelving the dividend plans available under their very short-term options. Alliance Capital and Zurich are ... More

UTI chief meets Sinha
WITH Government support for bridging the shortfall in its assured return schemes round the corner, the Chairman of the Unit Trust of India (UTI), Mr M. Damodaran, met the Finance Minister, Mr Yashwant Sinha, here on Thursday. Two assured return ... More

TECHNICAL ANALYSIS

Narrow movement
THURSDAY'S trading activity witnessed narrow movement. Neither the bulls nor the bears could gain from the day's trading. The market sentiment reading of the tradable counters stands bullish. Bear domination on Friday is likely to reduce the bull ... More

STOCK MARKETS

Tyre stocks gain speed on Tata Engg revival
THE share prices of tyre stocks flared up on Thursday on a typically feel-good factor on the back of good results announced by auto major Tata Engineering and Locomotive (Tata Engg). While share prices of Ceat and Apollo Tyres hit the 20 per ... More

Silverline rises on order talk
SOFTWARE major Silverline Technologies gained on Thursday on market talk that the company is expecting an order worth around $40 million (around Rs 200 crore). However, the timeframe for the order was not known, market sources said. In addition, ... More

Wimco sparks
The share price of Wimco has been rising in the last few weeks. The price has increased from Rs 9 on April 30 to Rs 30 on the BSE today, a rise of 233 per cent in just over a month time. Along with the rise in the share price, volumes in the ... More

DERIVATIVES MARKETS

Sell Nifty 1040 put
THE spot market was more or less in a state of rest on Thursday with no major movement on either side. Select calls gained in value during the day. The following trading recommendations for the day were based on the closing prices at the ... More

REGULATORY BODIES & RULINGS

SEBI directs Wimco's Swedish parent to make 20 pc open offer
THE Securities and Exchange Board of India (SEBI) today directed Swedish Match AB to make an open offer to the shareholders of match manufacturer Wimco Ltd for 20 per cent share. SEBI in a statement said the Swedish multinational along with its ... More

COMMENTARY

Profit-takings check market gains; PSUs nosedive
THE 30-share Sensitive Index witnessed lacklustre trading at the Bombay Stock Exchange on Thursday. After three successive days of gains, the markets, which appreciated by nearly 0.82 per cent over Wednesday's trading, started retreating on ... More

IPOS

Central Bank net up at Rs 163.3 cr -- Plans Rs 300-cr IPO this fiscal
CENTRAL Bank of India (CBI) has recorded a net profit of Rs 163.30 crore for 2001-02, a 251 per cent rise over the previous year's net of Rs 46.46 crore. The operating profit during the year has risen by 49.71 per cent from Rs 470.47 crore to Rs ... More

Stock Quotes
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

IT sector recovery in 2003: IDC

West coast ports are `unsafe destinations' -- Insurers impose war-risk premium on foreign ships

Projects facing time overruns must be treated as NPAs: RBI

Not much difference in FDI flows to India, China: IFC

Uncle Sam to look over students' shoulders

US-Russia: The new entente

In Depth
Gender Justice

Simple Economics

Guide to derivatives

Looking back
May. 26-Jun. 1
Listed PSUs make Govt richer by Rs 45,000 cr

Sensex sheds 97 points as Musharraf douses sentiment

Foreign shareholding in India Inc ebbs

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