Financial Daily from THE HINDU group of publications
Tuesday, August 13, 2002
Markets (Aug. 12)
BL 2501061 (+8.31)
BSE Sensex3007.85 (+31.51)
S&P CNX Nifty969.85 (+7.90)
Dollar (Buy/Sell)48.57/48.70
Gold Std (10 gm)5220 (+85)

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Sardas to make open offer for BSL at Rs 80
THE Sardas have applied to the Securities & Exchange Board of India (SEBI) for making an open offer to the shareholders of BSL Ltd for acquiring 30 per cent stake in that company. Industry sources said the application was filed on Monday and ... More


Rs 500 cr more for US-64
THE Government is set to provide a second tranche of Rs 500 crore to the Unit Trust of India (UTI) as part of the bailout package to enable the fund to meet its payment obligations in the US-64 scheme. An indication to this effect was given by ... More

Sundaram MF plans debt fund with long-end maturities
SUNDARAM Mutual Fund has lined up a debt fund with sub-plans carrying three-, five- and ten-year average maturities, aimed largely at wholesale investors. The MF is of the view that given the current state of the markets and investors' ... More

Tata MF one-day IPO fetches Rs 103.65 crore
TATA Mutual Fund on Monday announced that the one-day initial public offer (IPO) for its new Tata Short Term Bond Fund has been concluded with a mobilisation of Rs 103.65 crore on August 8. The scheme is now open for ongoing daily ... More


Restricted movement
MONDAY'S trading witnessed restricted movement. Prices of the tradable counters moved within a close band. Bulls gained handsomely from the day's trading. The market sentiment reading of the tradable counters stands strongly bullish. Bear ... More


2-way fungibility may not hit select ADRs/GDRs
THE two-way fungibility of shares is expected to gain momentum in the days to come and provide institutional investors the arbitrage opportunities between the domestic and international markets (GDRs/ADRs), leading to fall in the premium/discount ... More

Pump-induced swings in BPCL, HPCL
THE two oil PSU stocks — Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) — today witnessed significant volatility in view of the speculation that possible litigation over withdrawal of rights to ... More

FI interest in Shyam Tele?
SHYAM Telecom witnessed some buying interest from institutional investors, besides increased interest from operators. According to dealers, there were rumours about a large corporate house picking up stake in the company, which provides fixed ... More


Buy Tata Steel 120 puts
THE following are the buy/sell strategies based on Monday's trading in the derivatives segment at the NSE: Equity options: The outlook on Tata Steel appears negative. Consider buying the August 120 puts, which are trading cheap in terms ... More


Across-the-board gains trigger moderate rally
POSITIVE news about the progress of the monsoon triggered a moderate rally in equities on Monday. Buying across-the-board pushed the market indices to a higher level and the BSE Sensitive Index closed at 3,007.85 points, higher by 31.51 points ... More
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