Financial Daily from THE HINDU group of publications
Tuesday, July 09, 2002
Markets (July 8)
BL 2501155.12 (+5.44)
BSE Sensex3357.66 (+27.05)
S&P CNX Nifty1082.05 (+8.25)
Dollar (Buy/Sell)48.78/48.91
Gold Std (10 gm)5160

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Pru ICICI to launch foreign debt fund by September
PRUDENTIAL ICICI Mutual Fund plans to launch a new fund that provides investors an opportunity to invest in the foreign debt market by September-end 2002. The asset management company is expected to file the draft offer document with the ... More


Bulls prevail
BULLS prevailed over Monday's trading activity. Bears were unable to make any impact during the day's trading. The sentiment reading of the tradable counters stands in favour of the bulls. Bear domination on Tuesday is likely to reduce the bull ... More


ONGC creates ripples at MRPL counter
OIL and Natural Gas Corporation clarified on Monday evening that it was only "considering" a proposal to acquire a stake in Mangalore Refineries and Petrochemicals Limited, a few hours after it informed the Bombay Stock Exchange that its board ... More

Tele Data Info up on orders talk
Tele Data Informatics has been attracting market interest in the last few days. On Monday, the stock gained 12.17 per cent at Rs 17.05 on the BSE with volume 5.20 lakh shares. Dealers attribute the increased interest in the counter to the ... More

Reliance group stocks end firm
THE share prices of Reliance companies showed a modest recovery on the bourses on Monday, notwithstanding the demise of the group's founder. The four listed companies in the Reliance fold gained between 3 per cent and 4 per cent each. RIL ... More

Promoters cut stake in Geodesic
THE promoters of the Geodesic Information Systems have offloaded about 6.88 per cent in the company during the quarter ended June 30, 2002. According to the information available with the BSE, the promoters reduced their stake from 55.34 per ... More


Buy puts on Satyam Computer
The following are some buy/sell strategies based on Monday's trading in the derivatives segment at the NSE. Equity options: Calls on Satyam ended higher, in line with the strong sentiment in the spot market. The upside in the stock price ... More


IDBI-Principal investing in foreign securities
IDBI-Principal Asset Management Company has joined the growing club of Indian mutual funds that are taking advantage of the recent policy decision allowing mutual funds to invest in rated foreign securities. This asset management company is the ... More


SEBI sets timeframe for advanced ruling system
THE Securities and Exchange Board of India (SEBI) has decided to set in place a system of advanced ruling to provide solutions for issues under dispute. The market regulator has set for itself a timeframe of two months by which an advanced ... More

Rating agencies invited to check corporate governance
THE Securities and Exchange Board of India (SEBI) has invited response from leading credit rating agencies on whether the latter can institute a way to measure what its Chairman, Mr G.N. Bajpai, calls is "substance'' of corporate ... More


We plan to cover all aspects of `three I's, says Bajpai
THE Securities and Exchange Board of India is working on a multi-pronged strategy that will cover all aspects of what its Chairman, Mr G.N. Bajpai, calls the "three i's''— investors, issuers and intermediaries. Currently on a three-day ... More


Consumer durables, capital goods shine
THE markets appeared to have already discounted the demise of Dhirubhai Ambani, the creator of India's largest private sector company, Reliance Industries. The stock market had taken a knock soon after the hospitalisation of Ambani. Ironically, ... More
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