The Hindu Business Line : Tuesday, July 16, 2002

Reckitt open offer
NEW DELHI: Oriental Insurance Co Ltd has announced that it has sold 4.92 lakh fully paid-up equity shares of Reckitt Benckiser (India) (amounting to 1.49 per cent of the company's paid-up share capital) at Rs 250 per share to Reckitt ... More

FINANCIAL SERVICES

ICICI launches `Direct Alerts'
ONLINE share trading service, ICICIdirect.com, has launched `Direct Alerts', a facility that gives "pre-specified alerts to customers through short messaging service''. A company release issued here today said the technology for the service, ... More

Ripples in `The Millionaire Club'
KARVY and Bajaj Capital, two leading distributors of financial products, are sparring over an interesting investment concept, named by the former as `The Millionaire Club'. Karvy, which claims to have introduced the concept, has alleged that ... More

MUTUAL FUNDS

Kotak MF scheme with exposure to US T-Bills
KOTAK Mahindra Mutual Fund plans to launch a new close-ended scheme — K US Treasury — that will provide Indian investors an opportunity to invest in US Treasury Securities. The total corpus of this scheme, which is being sponsored ... More

TECHNICAL ANALYSIS

Bear onslaught
BEARS were in total command of Monday's trading activity. Bulls were unable to make any impact during the day's trading. The market sentiment reading of the tradable counters stands mildly bearish. Bull domination on Tuesday is likely to ... More

STOCK MARKETS

Fertiliser stocks wither
FERTILISER stocks witnessed selling today on reports of slow progress of monsoon this year. The stock prices of SPIC, Chambal Fertiliser and Gujarat State Fertiliser Corporation (GSFC) fell between 3.5 per cent and seven per cent. Share ... More

Sify may be out of Nasdaq listing soon
THE American depository shares (ADS) of Satyam Infoway Ltd (Sify) may soon cease to be on the Nasdaq National Market listing. This follows Sify's ADS trading continuously below $1 since May 22. The company in its recent filing with the ... More

ONGC up on stake sale talk
ONGC on Monday spurted with rumours of a possible stake sale in the company. Crude oil prices may also increase shortly which is expected to benefit the company immensely, dealers said. Sources in the market also said that a financial ... More

NSE plans index product mirroring market swings
KEEPING pace with the changing requirements of the capital markets, the National Stock Exchange is exploring the possibility of introducing an index-based product that will reflect the volatility of the market. Addressing a seminar organised by ... More

Block deals lift EIH
The EIH Ltd stock closed higher by about 3.7 per cent today at Rs 244 on the major bourses. However, the combined volumes in the counter on the Bombay Stock Exchange and the National Stock Exchange were not more than 19,000 shares. The stock ... More

DERIVATIVES MARKETS

BPCL puts to profit from the downside?
THE following are some buy/sell strategies based on Monday's trading in the derivatives segment at the NSE: Equity options: BPCL may see price reversal near the current levels notwithstanding the strong positive sentiment on Monday. On ... More

COMMENTARY

Barring PSUs, it's red pointers all over
THE escalation of tensions between India and Pakistan after terrorists struck during the weekend in a village in Jammu and Kashmir killing 27 migrant labourers and the prospects of a poor monsoon this year collectively affected the sentiment in ... More

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