Financial Daily from THE HINDU group of publications
Thursday, August 08, 2002
Markets (Aug. 7)
BL 2501062.28 (+3.78)
BSE Sensex3009.48 (-13.78)
S&P CNX Nifty969.10 (+2.45)
Dollar (Buy/Sell)48.61/48.74
Gold Std (10 gm)5100 (+20)

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Package for UTI revamp finalised
THE Finance Ministry has finalised a package for the restructuring of the Unit Trust of India (UTI), including a firm commitment to the new sponsors to fulfil any obligations arising out of the assured return schemes of the mutual fund, floated ... More

Tata MF new bond fund
TATA Mutual Fund today announced the launch of a new scheme — Tata Short-Term Bond Fund. "The product is positioned between a liquid fund and an income fund in terms of its risk-return profile. This product will suit investors who have an ... More

CanLiquid dividend
CANBANK Mutual Fund has announced the twenty-ninth weekly dividend in its CanLiquid scheme. According to a press release issued by Canbank Investment Management Services here, the dividend works out to Rs 0.0140 per unit (7.30 per cent) on a face ... More


Narrow movement
WEDNESDAY'S trading activity witnessed narrow movement. Neither the bulls nor the bears could gain much from the day's trading. The market sentiment reading of the tradable counters remains bullish. Bear domination on Thursday is likely to change ... More


Ray-Ban falls sharply over Luxottica appeal decision
The share price of sunglasses manufacturer, Ray-Ban Sun Optics, fell sharply today on reports that the company's Italian parent, Luxottica, is planning decision to appeal against the Securities and Exchange Board of India's decision. On ... More

Offshore fund drives up Bajaj Auto
RAINS in the last few days have revived interest in select old-economy stocks. Among them is Bajaj Auto. On Wednesday, the stock of the two-wheeler major gained 2.68 per cent to close at Rs 452.70 on the BSE with volumes of 1.31 lakh shares. ... More


Risk takers can bet on BPCL 300 calls
THE following are some buy/sell strategies based on Wednesday's trading in the derivatives segment at the NSE: Equity options: The positive outlook on Tata Engg appears to be weakening, but the trend needs to consolidate further to ... More


Margin financing through SEs — SEBI shoots down BSE proposal
THE Securities and Exchange Board of India (SEBI) has turned down a detailed Bombay Stock Exchange (BSE) proposal for allowing margin financing/trading through stock exchanges and their clearing corporations. The SEBI response, which came in last ... More

SEBI norms to be reviewed: Bajpai
THE Securities and Exchange Board of India (SEBI) Chairman, Mr G.N. Bajpai, has promised to review within the next 12 months the entire set of SEBI regulations currently governing the capital markets of the country. Besides reviewing the existing ... More


Markets fail to hold gains; IT stocks in reverse gear
THE market action during Wednesday was just the converse of the movement witnessed on Tuesday. After a strong opening, the Sensex closed on a weak note on account of the late sell-off in key index stocks including Infosys and Hindustan ... More


Finance Ministry not for BPCL IPO before sell-off
THE Finance Ministry has opposed the Petroleum Ministry's move to launch an initial public offering (IPO) of Bharat Petroleum Corporation Ltd (BPCL) aggregating Rs 1,000 crore, prior to the planned disinvestment in the company. The Ministry of ... More
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