The Hindu Business Line : Thursday, July 25, 2002

Alliance Capital gets SEBI nod for new scheme
ALLIANCE Capital Mutual Fund today announced that it has received clearance from the Securities and Exchange Board of India (SEBI) to launch the Alliance Frontline Equity Fund (AFEF), an open-ended equity scheme. According to an Alliance ... More

Pru ICICI Power posts 25 pc return
ABOUT a year after its conversion into an open-ended scheme, Prudential ICICI Power has posted a one-year return of around 25 per cent. The scheme nevertheless has a substantial part of its assets — over 30 per cent — in cash and ... More

TECHNICAL ANALYSIS

Bears recoup
BEARS regained their strength and were in total control of Wednesday's trading activity. Bulls were unable to make any impact during the day's trading. The sentiment reading of the tradable counters stands bearish. Bull domination on Thursday is ... More

STOCK MARKETS

GlaxoSmithKline gains on consolidation hopes
THE stock of GlaxoSmithKline Pharma has been rising with expectations of a better performance in its second quarter ended June 30, 2002. There is also speculation about the company considering a merger with a large international pharma ... More

Global `heat' melts stocks
THE global meltdown and monsoon worries continued to affect the stock prices, pushing the BSE Sensex to the eight-month lows today. The sustained selling in the US and other markets led to domestic markets reel under selling pressure both from ... More

Block deals in e-Serve International
BLOCK deals are in vogue in the stock market nowadays and the latest stock to witness the trend was Citigroup company, e-Serve International. About six lakh shares were understood to have been transacted through the block deals on Wednesday on ... More

Special margin on Shriram Transport
MUMBAI: The BSE has imposed a special margin of 25 per cent on Shriram Transport Finance Company Ltd from Wednesday.

DERIVATIVES MARKETS

Negative outlook on BPCL
THE following are some buy/sell strategies based on Wednesday's trading in the derivatives segment at the NSE: Equity options: The outlook on BPCL remains negative. Consider buying the August 280 puts. These puts are moderately priced in ... More

COMMENTARY

Heavyweights succumb to selling pressure
BEARS went on a rampage during the Wednesday's trading breaking the back of the bulls. With rising concern over the impact of the deteriorating conditions in the technology sector on the Indian companies, there was some widespread selling ... More

IPOS

Allahabad Bank mulls Rs 100-cr IPO this year — To invest Rs 20 cr in ARC
ALLAHABAD Bank is "seriously thinking of" coming out with an IPO this year, the bank's Executive Director, Mr K.K. Rai, told Business Line. The bank had wanted to go public last year, but the proposed issue was postponed due to the ... More

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