Financial Daily from THE HINDU group of publications
Thursday, June 13, 2002
Markets (June 12)
BL 2501159.76 (+1.33)
BSE Sensex3344.41 (-18.01)
S&P CNX Nifty1092.80 (-4.25)
Dollar (Buy/Sell)48.94/49.06
Gold Std (10 gm)5260 (-20)

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High-risk income scheme from JM Mutual Fund
JM Mutual Fund has mooted a high-risk income scheme that may invest up to 35 per cent of its assets in the relatively risky BBB-rated paper. The proposed JM High Income Fund, whose offer document has been lodged with the Securities and Exchange ... More

Mutual fund investors get nomination option
THE Securities and Exchange Board of India (SEBI) has amended its Mutual Funds Regulations to allow nomination facility to the unitholders of mutual funds. This move of the capital market regulator is expected to benefit millions of individual ... More

Govt will help out UTI on repayments
THE Government will find a solution to the help the Unit Trust of India (UTI) meet its repayment obligations on two assured return schemes due for redemption on June 30. The Finance Minister, Mr Yashwant Sinha, told newspersons here on ... More


Bull run arrested
BEARS were successful in restricting the bulls from making further gains on Wednesday, resulting in reducing the bull count by a considerable margin. None of the counters in the tradable list are in the downtrend. The sentiment reading of the ... More


Trading on NSE via illegal cable link -- DSE issues notices to 16 brokers
THE Delhi Stock Exchange (DSE) has issued notices to 16 brokers for allegedly routing their trades to the National Stock Exchange (NSE) using DSE's infrastructure. A Director on the DSE board who is also a member of the NSE Executive Committee ... More


Tata Power up on acquisition talk
THE stock of Tata Power moved up on Wednesday on talks of possible acquisition of a distribution company, which is expected to be formed after the unbundling of the Maharashtra State Electricity Board. According to market talks such an ... More

Cement stocks spurt on price hike hopes
THE shares of leading cement companies such as L&T, Grasim, Gujarat Ambuja and ACC were in the limelight today on the bourses on expectations of possible hike in cement price this month. On the Bombay Stock Exchange (BSE), L&T closed at Rs ... More


Tata Engg near-term outlook negative
DESPITE the fall in the broad market, calls on top-traded stocks ended in the positive territory on Wednesday's trading at the NSE. The following are some buy/sell strategies based on the day's trading: Equity options: BPCL ended the ... More


SEBI rules to be revamped
THE SEBI Chairman, Mr G. N. Bajpai, today said the proposed changes in the SEBI Act providing powers to the regulator for search and seizure as well as for imposing higher financial penalties, will help in efficient regulation of the securities ... More


Medium-cap, small stocks hold ground
STOCK prices of large capitalisation companies took a breather on Wednesday from the brief two-day rally. The Bombay Stock Exchange's Sensex and the National Stock Exchange's S&P CNX Nifty recorded losses of around half a per cent, as the rally ... More


`Privatisation process will be delayed' -- Divestment Ministry opposes BPCL float
THE Ministry of Disinvestment has opposed the Petroleum Ministry's proposal to permit Bharat Petroleum Corporation Ltd (BPCL) to launch an initial public offering of 50 crore shares aggregating around Rs 1,000 crore. According to MoD ... More

  • i-flex IPO oversubscribed 2.4 times


    Investor awareness programme for Karnataka
    THE Bombay Stock Exchange, as part of a series of investors' awareness programmes in Karnataka, conducted a meeting in Mangalore yesterday in order to create `investor awareness' and to resolve and register investors' complaints. According to a ... More
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  • Top Stories
    `Privatisation process will be delayed' -- Divestment Ministry opposes BPCL float

    SAIL raises Rs 500 cr for funding VRS

    I-T: Of non-filers and under-reporters

    LIC set to venture into Sri Lanka

    Industrial growth in April rises marginally to 2.9 pc

    Survey soon on corruption in five S. Asian countries

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives

    Looking back
    Jun. 2-Jun. 8
    RBI ropes in SEBI to tackle rogue borrowers -- Redefines `wilful default'

    Central Bank net up at Rs 163.3 cr -- Plans Rs 300-cr IPO this fiscal

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