Financial Daily from THE HINDU group of publications
Thursday, November 28, 2002
Markets (Nov. 27)
BL 2501077.55 (-3.06)
BSE Sensex3174.11 (-13.65)
S&P CNX Nifty1031.10 (-5.05)
Dollar (Buy/Sell)48.20/48.33
Gold Std (10 gm)5220 (+10)

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UTI mops up Rs 3,500 cr in 5 months
UNIT Trust of India (UTI) today said that it has mobilised over Rs 3,500 crore in the current year within a period of less than five months (from July 1 to November 26) compared to total sales of Rs 2,609 crore during the entire year 2001-02 ... More

AMFI sets up working group on private placements
The group, formally constituted a few days ago, will go into the inconsistencies that often impair the interests of participants in the private placement market. More


Bull run arrested
BULL exerted further pressure during the initial hours of Wednesday's trading activity. Thereafter, bears took over and were in control of the day's proceedings. The market sentiment reading of the tradable counters continues to remain bullish. ... More


  • Satyam hosts roundtable at NYSE


    Wipro up on acquisition talk
    ON a day when most tech stocks were under selling pressure, Wipro was able to attract buying interest. The buying, according to dealers, was on talks that the company will announce some acquisition shortly. On the back of this talk, some leading ... More

    Fundamentals, divestment hopes push up NLC
    NEYVELI Lignite Corporation (NLC) has witnessed an upside of almost 10 per cent over the last one week on reports that the company is on the fast track to divestment. Dividend play in the counter is another reason for the sustained interest, ... More

    HDFC Bank: Market discounts passage of Securitisation Bill
    THE HDFC Bank stock has missed the current rally in the banking stocks, as the market feels that it is fully valued at its current price level. The counter today closed at Rs 195.75 on the Bombay Stock Exchange and on the National Stock ... More

    Institutions prop up Hindustan Lever
    AFTER touching a new low of Rs 152 last month, Hindustan Lever has gained 11 per cent on institutional buying. Analysts at leading broking firms said that HLL stocks has been in demand on expectation of the company shortly foraying into new ... More

    Strong support seen for central listing authority
    THE SEBI committee's proposal for a central listing authority (CLA) is well-conceived and its implementation will go a long way in streamlining the listing system and removing weaknesses in the prevailing scheme of things. This conclusion ... More


    Satyam Computer, Tata Engg: Contrarian strategy may pay
    THE following are two highly risky strategies on Satyam and Tata Engg based on Wednesday's trading in the derivatives segment at the NSE. All major factors suggest that both stocks are poised for a price decline. The only indicator that suggests ... More


    RBI clears bank, FI stakes in UTI AMC
    THE process of setting up of a new asset management company (AMC) to manage the net asset value (NAV) based schemes of the UTI, has been taken a step further with the Reserve Bank of India granting approval to the four banks and institutions to ... More


    SEBI wants Grasim open offer stalled
    Counsel for Grasim suggested that the company be allowed to make the open offer with an additional clause in the offer document informing investors of the case in question and also offering to make good any price difference should the regulator direc t it to change its offer price. More

    LS passes SEBI Bill
    THE Government on Wednesday assured the Lok Sabha that it would go the full hog in promoting demutualisation of stock exchanges to prevent market violations by brokers and traders as the House passed a Bill to provide more teeth to market ... More


    Eight-day winning streak halts as correction sets in
    AFTER the eight consecutive trading days of upward movement, the benchmark BSE Sensex ran out of steam and went down on Wednesday. Despite firm trend in the Index heavyweight Hindustan Lever, the market ended lower as Reliance Industries, auto ... More


    Probe into RIL insider trading charge over
    SEBI today told the Securities Appellate Tribunal that the regulator has completed investigation into allegations of insider trading by the Reliance group in L&T shares immediately before it sold its stake to Grasim Industries. Mr Rafiq Dada, ... More
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