Financial Daily from THE HINDU group of publications
Saturday, August 24, 2002
Markets (Aug. 23)
BL 2501089.23 (+6.15)
BSE Sensex3119.18 (+38.48)
S&P CNX Nifty995.20 (+9.50)
Dollar (Buy/Sell)48.49/48.63
Gold Std (10 gm)5060 (-50)

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Bulls regain
BULLS were in total command of Fridays' trading activity. Bears were unable to make any impact during the day's trading. The sentiment reading of the tradable counters continues to remain bullish. Bear domination on Monday is likely to neutralise ... More


HDFC Bank offers research support to HSE brokers
HDFC Bank has initiated negotiations with the Hyderabad Stock Exchange (HSE) for providing research support to the member-brokers of the bourse. The research support of the bank contains analysis of developments in the equity as well as ... More

M.P. bourse told to frame own by-laws, rules
The capital markets regulator had in a recent order asked the MPSE Governing Board to get the newly formulated rules and by-laws adopted in a general meeting of the exchange and forward them to the regulator within a period of two months, a SEBI offi cial said. More

OTCEI recognition extended by a year
The OTC Exchange of India (OTCEI) has been granted recognition as a stock exchange by the Securities and Exchange Board of India (SEBI) for one more year. According to a SEBI official, the recognition, which has been granted up to August 2003, is ... More


UTI sells Nestle shares in block deal?
UTI is believed to have sold around 12-15 lakh shares of Nestle (India) Ltd (NIL) today at a price of Rs 570 per share. The deals amount to around 1.5 per cent equity of the FMCG major. Brokers said the trades consisted of several block deals ... More

Arbitrage making a comeback at bourses
WHILE the Sensex may not have shown any significant signs of improvement in recent days, the price differences in select scrips on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) is throwing up opportunities of profit-making ... More

Order flow hopes propel Mastek — Record volumes on FII buying
THE stock of Mumbai-based software solutions provider Mastek saw a record volumes, with over 1.5 times of the company's equity being traded on the bourses today. The rise in volumes and price was spurred by institutional buying on the back of an ... More

Sterlite Optical gains on order talk
AFTER falling sharply in the last one month, optical fibre manufacturer Sterlite Optical was back in the limelight. After touching a new 52-week low last week, volumes in the counter improved sharply on Friday. Dealers attribute the rise in ... More


Outlook on Reliance positive
THE following are some buy/sell strategies based on Friday's trading in the derivatives segment at the NSE: Equity options: The immediate outlook on Reliance Industries appears positive. On the upside, the stock may find resistance at Rs ... More


Infosys gains ahead of analyst meet; mid-caps make merry
AFTER a couple of days of listless activity, the stock market sentiment turned buoyant on Friday. Led by software heavyweights Infosys Technologies and Satyam Computer, the BSE Sensex managed to record a 38.48-point rise on Friday. ... More
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Top Stories
Petro-product sales show positive growth in July

JCB to acquire Escorts stake in joint venture

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In Depth
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Looking back
Aug. 11-Aug. 17
UTI will honour every commitment, says Damodaran

Retail investors hold 72.61 pc of UTI assets

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