Financial Daily from THE HINDU group of publications
Tuesday, September 03, 2002
Markets (Sept. 2)
BL 2501095.51 (+1.08)
BSE Sensex3187.26 (+6.03)
S&P CNX Nifty1013.50 (+2.90)
Dollar (Buy/Sell)48.43/48.56
Gold Std (10 gm)5140 (-20)

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US-64 rides high on bail-out package
RIDING on news that the Government will bail it out, UTI's flagship scheme, Unit Scheme-64, today hit the 20 per cent upper circuit at Rs 7.15 a unit. At that price, the scrip was trading at a premium of nearly 18 per cent to its net asset value ... More

Franklin to consolidate Pioneer ITI schemes
FRANKLIN Templeton Mutual Fund, which has acquired Pioneer ITI Mutual Fund, is planning to consolidate some of the schemes of the Pioneer ITI. ``There are some schemes which are common in both the mutual funds such as index funds. It does not ... More


Initial gains not held
BULLS were in control during the initial hours of Monday's trading and made substantial gains. Later on, bears made a comeback and recovered most of their day's losses. The market sentiment reading of the tradable counters continues to remain ... More


Speculative activity in some infotech stocks
FIVE of the erstwhile K-10 stocks today saw a renewal of a speculative interest on the major bourses after a long while. Among the five, the counters of GTL and HFCL hogged the operators' attention. The three other buzzing stocks were Pentamedia ... More

Reliance counters rule firm
INDEX heavyweights, Reliance Industries and Reliance Petroleum, kept the stock indices firm on Monday. Dealers said but for their firmness, the indices would have closed in negative territory. Dealers said the reason behind the firmness on these ... More


Buy Sept 145 calls on Tata Engineering
THE following are some buy/sell strategies based on Monday's trading in the derivatives segment at the NSE: Equity options: The outlook on Satyam Computer appears negative. The price projection on the downside is Rs 210. The risk ... More


SEBI tightens norms for AMC directorship
THE Securities and Exchange Board of India (SEBI) has ruled that persons providing any type of professional services to a mutual fund, asset management company (AMC), trustee company and a sponsor can only be considered as an "associate" director ... More


`Markets still not strong enough to move up' — Mr Vetri Subramaniam, Head Equity Funds, Kotak AMC
IN conversation with Business Line, Mr Vetri Subramaniam, Head, Equity Funds, Kotak AMC, says the mood in the market is still pessimistic given the uncertainty of fund flows and unclear picture in the US. Excerpts from the ... More


Early gains dissipate as PSUs lose sheen
POSITIVE movement in index heavyweights — Hindustan Lever and Reliance — was offset by profit-bookings in Infosys Technologies and negative sentiment in MTNL, HPCL and BPCL, resulting in the markets ... More


Return Rs 600 cr to Govt ahead of public offer, PFC advised
J M Morgan Stanley, Power Finance Corporation's consultants, has advised the corporation to return around Rs 600 crore of equity to its owner, the Government, in order to make its initial public offering (IPO) plan of 10 per cent of the reduced ... More
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