Financial Daily from THE HINDU group of publications
Wednesday, October 30, 2002
Markets (Oct. 29)
BL 2501009.51 (+13.46)
BSE Sensex2885.23 (+50.82)
S&P CNX Nifty936.90 (+14.20)
Dollar (Buy/Sell)48.34/48.47
Gold Std (10 gm)5220 (+60)

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Due diligence on UTI's NAV schemes begins
AN independent due diligence exercise to fix the value of the assets and liabilities of the net asset value (NAV)-based schemes to be transferred to a new entity, UTI-II has been kicked off. The exercise will also assess the potential value the ... More

Alliance buys 1 pc more in Polaris Software
ALLIANCE Capital Mutual Fund has acquired five lakh shares of Polaris Software Lab Ltd in the open market, amounting 0.98 per cent of the company's equity, taking its total stake in Polaris to 5.35 per cent. The acquisition of such a large ... More

RBI becoming more flexible, say fund managers
FUND managers today welcomed the mid-term review of the Monetary and Credit Policy 2003 with most saying that the policy was in line with expectations though the CRR cut came as a pleasant surprise. According to Mr Nikhil Khattau, CEO, Sun ... More

Debt funds to remain attractive
THE mid-term Credit Policy is progressive and reinforces the RBI's resolve to maintain a softer interest rate regime. Consumer durables and construction, which have been the bright spots of the economy in the past year, should continue to ... More


Bear run arrested
BULLS were in total command of Tuesday's trading activity thereby terminating the six-day long bear run. Bears failed to make any impact during the day's trading. Tuesday's market action resulted in increasing the bull count by a considerable ... More


BSE warns members on client code
THE Bombay Stock Exchange (BSE) has informed its members they will have to comply with the Unique Client Code and if they fail to do so, their trading terminals will be de-activated from October 31. The BSE move follows the Securities and ... More


HPCL, BPCL turn active again
HPCL and BPCL stocks today witnessed revival of interest on the major bourses with substantial volumes and price gains. The HPCL stock recorded combined volumes of 60.21 lakh shares on the BSE and the NSE backed by several block deals. The BPCL ... More

Result induces swings in Digital
DESPITE the disappointing financial performance, Digital GlobalSoft ended flat on Tuesday. The stock, however, witnessed increased volatility. The main factor attributed for the stock behaviour was that short sellers appeared trapped. Dealers ... More

Stocks rise on buying spree
THE six-day continuous fall in the stock prices was stalled today on bargain-hunting by investors. The reduction in bank rate by the RBI also aided the positive sentiment in the market. In addition, the rise in key index stocks was also ... More

Bank rate, CRR cuts pep up sentiment for bank stocks
THE reduction in bank rate and cash reserve ratio (CRR) announced by the Reserve Bank of India gave a boost to the bank stocks today. However, brokers and analysts said the rise was more sentiment-driven rather than on fundamentals. Both ... More


Buy Nov 230 calls on Satyam Comp
THE following are some buy/sell strategies based on Tuesday's trading in the derivatives segment at the NSE: Equity options: Satyam: The outlook on the stock appears positive. One important signal is the steady increase in calls ... More


Bargain-hunting triggers rally
AFTER six days of downtrend, the stock market bounced back on renewed buying interest in index heavyweights Hindustan Lever and Reliance. Movement in certain stocks was influenced by the earnings performance for the just gone-by ... More
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