Financial Daily from THE HINDU group of publications
Wednesday, July 03, 2002
Markets (July 2)
BL 2501141.33 (-2.77)
BSE Sensex3285.04 (-3.67)
S&P CNX Nifty1068.05 (-0.90)
Dollar (Buy/Sell)48.80/48.92
Gold Std (10 gm)5220 (+30)

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HSBC to launch 3 MF schemes
HSBC is set to foray into mutual funds, courtesy three open-ended schemes — equity, income and liquid. It has lodged the offer documents with the Securities and Exchange Board of India for approval. The schemes mooted by HSBC Mutual Fund ... More


Narrow movement
TUESDAY'S trading activity witnessed narrow movement. Bears were successful in terminating the two-day old bull run. The sentiment reading of the tradable counters stands neutral. Bull domination on Wednesday is likely to change the sentiment ... More


Speculative interest in low-value stocks
SEVERAL stocks, whose share prices are ruling below par, have been in good demand over the last few months, with a good number of them gaining over100 per cent in value. The fancy for these low-value stocks is mainly due to the changes taking ... More

Exide charges up on tie-up talk
EXIDE Industries moved up significantly on Tuesday on talks the company was entering into a joint venture with Bangladesh to outsource its battery products. According to market sources, the company has conducted a cost-benefit analysis and the ... More

Vesuvius India gains onsteel sector revival
SIGNS of recovery in consumer industries, particularly steel, buoyed up the sentiment for the counter of refractory major, Vesuvius India. The scrip touched its 52-week high on Tuesday at Rs 85.90 on the National Stock Exchange and at Rs 85 on ... More


Tata Engg carries downside
CALLS on some top-traded stocks such as VSNL and ITC ended higher on Tuesday's trading at the NSE. The following are some buy/sell strategies based on the day's trading: Equity options: Calls on Tata Engg. ended marginally higher. ... More


Select auto, cement stocks in consolidation mode
TUESDAY'S trading saw an active battle raging between the bulls and the bears to gain control over the market. In the end, it was a stalemate with the scales tilted marginally in favour of the bears. To some extent, it could be attributed to the ... More
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