Financial Daily from THE HINDU group of publications
Saturday, November 30, 2002
Markets (Nov. 29)
BL 2501094.91 (+4.78)
BSE Sensex3228.82 (+8.07)
S&P CNX Nifty1050.15 (+0.45)
Dollar (Buy/Sell)48.29/48.42
Gold Std (10 gm)5220 (+20)

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HDFC Mutual launches ATMF service
HDFC Mutual Fund today announced the national rollout of its Any Time Mutual Fund (ATMF) service in Delhi, Kolkata, Bangalore and Chennai. Using the ATMF service, investors in these metros will now be able to buy or sell units at an ATM, a ... More


Marginal gains
BEARS were in control of the initial hours of Friday's trading. Thereafter, bulls regained their strength and recouped their losses. Bulls were successful in increasing the bull count by substantial margin. The sentiment reading of the tradable ... More


Heavy selling in Grasim
THE share prices of Larsen & Toubro Ltd (L&T) and Grasim Industries Ltd moved in the opposite directions on the bourses in reaction to the Securities Appellate Tribunal's (SAT) stay yesterday on Grasim's open offer to shareholders of L&T. With ... More

Sustained buying lifts second-rung techs
INFOTECH Enterprise today witnessed sharp activity on the bourses on sustained buying support. Market talks are that operators are shoring up volumes in the counter in anticipation of some positive news from the company. According to the market ... More

Cefuroxime booster for Ranbaxy
RANBAXY Laboratories has been accumulated by institutional players. Dealers attribute the accumulation to expectation of higher-than-expected Cefuroxime sales in 2002. There were also talks on the milestone and royalty payments from Bayer for ... More

Pantaloon Retail jumps on `Big Bazaar' growth hopes
PANTALOON Retail India Ltd (PRIL), a leading multi-format retail chain company, has been on the rise on the company's initiative into departmental and discount stores. In today's trading the stock witnessed large number of block deals on the ... More


Buy December calls on Infosys, M&M
THE following are some buy strategies based on Friday's trading in the derivatives segment at the NSE: Equity options Infosys: The outlook on this stock is positive. The upside price projection is Rs 4,750, and the downside ... More

SEs allowed to expand derivatives segment
THE SEBI Board today allowed stock exchanges to increase the number of securities for derivatives trading and approved the uniform model of corporatisation and demutualisation of stock exchanges as recommended by the Kania Group. However, no ... More


Keep off L&T stocks, SEBI tells Grasim
THE Securities and Exchange Board of India, which is investigating Grasim's acquisition of its initial stake in L&T last year, today directed the company not to acquire further shares of L&T in any manner until further advice. In a letter sent ... More

`SAT verdict a warning to cos not to play with rules'
LEGAL experts say the pointers contained in yesterday's order of the Securities Appellate Tribunal upholding SEBI's stay on the Grasim open offer for L&T shares will have far-reaching consequences on the activities of corporates and merchant ... More


PSU, pharma stocks save the day; heavyweights down
DESPITE the selling pressure witnessed by the leading tech stocks and index heavyweights, the benchmark BSE Sensex closed higher on Friday, aided by the buying support in PSUs. Select second-rung infotech stocks also witnessed buying support. ... More


Allahabad Bank listed at Rs 2.70 premium on BSE
SHARES of Kolkata-based Allahabad Bank listed at a premium today on the Bombay Stock Exchange at Rs 12.70 per share as compared to the issue price of Rs 10. However, the share price soon came down to touch a low of Rs 9.20 before settling to ... More
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