Financial Daily from THE HINDU group of publications
Wednesday, July 10, 2002
Markets (July 9)
BL 2501156.47 (+1.35)
BSE Sensex3358.58 (+0.92)
S&P CNX Nifty1080.30 (-1.75)
Dollar (Buy/Sell)48.76/48.89
Gold Std (10 gm)5175 (+15)

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HDFC Sec launches `Dial a Share' service
HDFC Securities on Tuesday launched `Dial a Share' service, which enables a customer to call a toll free number and place his order for buying or selling a share. This service is available to registered customers, who should also have an ... More


More UTI schemes to come under SEBI ambit
MORE schemes managed by the Unit Trust of India are expected to come under the purview of Securities and Exchange Board of India (SEBI), initially on a voluntary basis. Already, 12 UTI schemes have such an arrangement. SEBI is also looking at a ... More

`Investor awareness of MFs must be raised'
WORKING within the strict regulatory environment and conforming to the standards that match global requirements, the Indian mutual fund industry is poised for a sustained growth in the coming years, Mr A.P. Kurian, Chairman, Association of Mutual ... More

SEBI asks AMFI to prepare report on real estate MFs
THE Securities and Exchange Board of India (SEBI) has proposed to the Association of Mutual Funds of India (AMFI) to prepare a report on the introduction of real estate mutual funds. The SEBI Chairman, Mr G.N. Bajpai, said that the proposal ... More


Narrow movement
BULLS failed to extend their pressure over Tuesday's trading. Stock prices moved within a narrow band. Bears were successful to the extent of terminating a few uptrend counters. The sentiment reading of the tradable counters stands neutral. Bull ... More


Derivatives trading may help out SEs, feels SEBI
THE Securities and Exchange Board of India (SEBI) has promised to consider the points made by regional stock exchanges, many of which are at their last gasp owing to lack of volumes. The Calcutta Stock Exchange (CSE), which is increasingly ... More

BSE launches new online confirmation system
THE Bombay Stock Exchange today launched the "on-line trade confirmation system" though its Web site. Investors can confirm and verify their transactions done on BSE by filing the details of their transactions from the contract note on the ... More

CSE seeks SEBI's intervention on pending issues
IN a memorandum presented to the SEBI Chairman, employees of Calcutta Stock Exchange have lamented that "CSE volumes have plummeted to an insignificant level''. The very existence of the exchange was at stake, the memorandum stated, adding ... More

New BSE system to expand Net trading
THE Bombay Stock Exchange (BSE) has launched i-BAT (Internet enabled broker administration and trading terminals), its Internet-enabled branch and sub-broker trading system. This system will enable all members of the BSE to start offices anywhere ... More


Jaiprakash at new high on accord over Iraqi dues
THE Jaiprakash Industries counter today hit the 52-week high of Rs 43.75 on the BSE and closed at the level of Rs 41.40 on profit taking on the NSE. The combined volumes on the two exchanges were around 50 lakh shares. The stock's all-time high ... More

Institutions fancy Rolta India scrip
SOFTWARE solutions provider Rolta India appears to be a current investor favourite, with both domestic and foreign portfolio investors increasing their holding 4.5 per cent between April and June 2002. Institutional shareholding in the company ... More

Bhave panel wants cos to bear part of demat cost
A COMMITTEE constituted by the Securities and Exchange Board of India (SEBI) to look into various aspects of reduction in the cost of dematerialisation to investors has recommended that companies be made to bear a substantial part of such ... More

Nalco jumps on strategic sale talk
THE share price of public sector National Aluminium Company (Nalco) gained sharply today on media reports that the Government is planning to divest its stake first to a strategic partner. The interest in the stock resulted in a couple of block ... More

Satyam up on Sify stake sale reports
WHEN most technology stocks were dull at the stock market, Satyam Computer continued to remain firm on Tuesday. The run-up in the stock price was attributed by market players to the stake sale by the company in its subsidiary Satyam Infoway. It ... More


Negative outlook on Tata Engg
THE following are some buy/sell strategies based on Tuesday's trading in the derivatives segment at the NSE: Equity options: Calls on Tata Engg ended lower, with the July 160 calls clocking the highest volumes on the stock. The immediate ... More


Auto stocks skid in narrow lane; Reliance firm
THE stock markets moved in a narrow band on Tuesday after a bull run the previous day. While Reliance Industries and Reliance Petroleum marched ahead in a dull day's trading, automobile, technology and cement counters that rallied ahead of ... More


NTPC mulls 4-5% equity float
NATIONAL Thermal Power Corporation (NTPC) recently sought an in-principle nod from the Government for an initial public offering (IPO) amounting to around Rs 1,450 crore, according to Power Ministry officials. In a recent communication, the ... More

`3 oil PSUs to get nod for public offers jointly'
THE Union Ministry of Petroleum and Natural Gas will seek the Cabinet approval for public offers of three oil PSUs - Indian Oil, Bharat Petroleum and Hindustan Petroleum - jointly, Mr Ram Naik, Union Minister of Petroleum and Natural Gas, ... More

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