Financial Daily from THE HINDU group of publications
Thursday, September 26, 2002
Markets (Sept. 25)
BL 2501034.71 (+4.04)
BSE Sensex3021.08 (-1.17)
S&P CNX Nifty970.05 (+3.85)
Dollar (Buy/Sell)48.35/48.48
Gold Std (10 gm)5325 (+25)

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SEBI favours self-regulation for mutual funds
THE Securities and Exchange Board of India (SEBI) on Wednesday mooted the idea of self-regulatory organisation (SRO) for the mutual fund industry. Under the proposed plan, the Association of Mutual Funds in India (AMFI) would act as the SRO ... More

SEBI cancels JF Mutual's registration
THE Securities and Exchange Board of India has cancelled the certificate of registration of Jardine Fleming Mutual Fund on account of change in control of its existing schemes to Sun F&C Mutual Fund. According to a SEBI press release, the ... More


Bear-run arrested
BEARS were in control of initial hours of Wednesday's trading activity. Later on, bulls took over and wiped out their early losses. The market sentiment reading of the tradable counters continues to remain bearish. Bull domination on Thursday is ... More


Six CSE brokers in police custody
THE Chief Metropolitan Magistrate (CMM) of Calcutta today remanded six stockbrokers to police custody till October 4. They were arrested on September 24 by the Detective Department of Calcutta Police. Following a complaint filed by the Calcutta ... More


Markets brave the shoot-out
THE attack on the Akshardham Swaminarayan temple in Gandhinagar in Gujarat hardly had any impact on the stock and financial markets today. However, tomorrow, several market participants are expected to respond positively to the bandh call ... More

Trading in Sify suspended on Nasdaq
TRADING on Satyam Infoway Ltd (Sify) shares on the Nasdaq has been temporarily suspended. The company's symbol has also been changed to SIFYD. This, according to the company's spokesperson, is likely to be till the old ADS (American Depository ... More

Plant sale talk weakens Glaxo
GLAXOSMITHKLINE Pharma dropped on rumours of a possible sale of the company's Ankleshwar manufacturing facility impacting ranitidine sales. According to sources in the market, there are fears that the sale of ranitidine, which is one of its main ... More


Settlement for derivatives deferred by a day
THE National Stock Exchange and the Bombay Stock Exchange have decided to postpone the expiry/settlement of derivative contracts by one day in view of the all-India bandh tomorrow. All the derivative contracts normally expire on the last Thursday ... More

Positive outlook on Ranbaxy
THE following are some buy/sell strategies based on Wednesday's trading in the derivatives segment at the NSE: Equity options Ranbaxy Labs: The immediate outlook on this stock appears positive. The price projection on the upside ... More


Tech stocks shine despite all round gloom
THE stock market continued to be locked in a tight band of trading, with the BSE Sensex declining by 1.17 points to close for the day at 3021.08 points. Click here for table Following the terrorist attack on the ... More
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