Financial Daily from THE HINDU group of publications
Saturday, November 23, 2002
Markets (Nov. 22)
BL 2501064.75 (+9.59)
BSE Sensex3141.61 (+40.25)
S&P CNX Nifty1020.15 (+11.40)
Dollar (Buy/Sell)48.15/48.28
Gold Std (10 gm)5210 (-10)

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CanLiquid declares dividend
CANBANK Mutual Fund has announced the forty-fourth tranche of weekly dividend in its CanLiquid scheme under the dividend re-investment plan. The dividend works out to Re 0.0167 per unit (for nine days), that is 6.77 per cent, on a face value of ... More


Bull domination
BULLS were in total control of Friday's trading activity. Their dominance for the eighth successive trading day left the bears stranded. The sentiment reading of the tradable counters continues to remain strongly in favour of the bulls. ... More


LSE seeks Indian IT listings
THE London Stock Exchange (LSE) is negotiating with close to 50 Indian companies to get them listed, according to its CEO, Ms Clara Furse. Announcing this at the signing of a memorandum of understanding (MoU) with the National Association of ... More


Reliance sees huge volumes, price jump
PROPELLED by a slew of positive news, Reliance Industries witnessed huge volumes today. The stock jumped 3.46 per cent to Rs 284.35 on the BSE on record volumes of 66.20 lakh shares. On the NSE, the stock moved up by 3.88 per cent at Rs 284.75, ... More

Tata Engg hits new high
THE Tata Engineering stock today hit the 52-week high of Rs 166.90 on the NSE and at Rs 166.40 on the BSE. The stock, however, closed lower at Rs 161.70 on the BSE and at Rs 162.20 on the NSE. The stock witnessed combined volumes of 50 lakh ... More

i-flex slides on fund selling
INSTITUTIONS seemed to be exiting i-flex Solutions. Market talk has it that the slide in the share price was mainly due to a `sell' recommendation by a prominent domestic brokerage firm on the stock. Dealers said that the counter also saw ... More

Securitisation Bill boosts bank stocks
SHARES of leading banks and financial institutions today gained following the passage of the Securitisation Bill by the Lok Sabha. The rise in the stock prices was also on account of good dividend yield, brokers and analysts said. The gainers ... More

Punjab Tractors rides high on sell-off hopes
THE Punjab Tractors Ltd stock today attracted huge volumes on the major bourses and closed with a gain of around 2 per cent on possible disinvestment trigger. The market expected that the promoter, Punjab State Industrial Development ... More


HLL: Buy December 160 calls
THE following are some buy/sell strategies based on Friday's trading in the derivatives segment at the NSE: Equity options HLL (Rs 163.55): The outlook on this stock is negative. The downside projection is Rs 152, and the upside ... More

Record turnover in NSE derivatives
THE National Stock Exchange (NSE) today recorded all-time high volumes in the derivatives segment at Rs 2,912.88 crore. In the cash segment, the turnover was Rs 3,780.52 crore. The previous highest volumes in derivatives segment of Rs 2,894.07 ... More


UTI-II asset management co registered — Stakeholders await RBI, SEBI nod
THE new asset management company that will take over UTI-II has been registered. Its stakeholders, Life Insurance Corporation of India, State Bank of India, Punjab National Bank and Bank of Baroda, were now awaiting the nod from Reserve Bank of ... More


SEBI, Grasim tread the thin line of demarcation
"THE L&T open offer (by Grasim) is certainly not a test case for corporate governance. We have followed the law by the book in making the offer." — Mr Kumar Mangalam Birla, Chairman, Grasim Industries, on the sidelines of a ... More


Infotech, bank stocks feed Sensex rally
BUOYED by buying across both old and new economy counters, the benchmark BSE Sensex stretched its gains for the sixth consecutive session as it ended the day at 3141.61 points, with a gain of 40.25 points over Thursday's close. The Nifty ... More
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