Financial Daily from THE HINDU group of publications
Wednesday, December 04, 2002
Markets (Dec. 03)
BL 2501103.24 (-13.77)
BSE Sensex3230.14 (-40.22)
S&P CNX Nifty1055.00 (-12.90)
Dollar (Buy/Sell)48.21/48.34
Gold Std (10 gm)5210

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UTI bifurcation gets Parliament nod
PARLIAMENT has given its nod for the bifurcation of Unit Trust of India into two companies -UTI-I and UTI-II - with the Rajya Sabha on Tuesday giving its assent to the UTI (Transfer of Undertakings) Bill, 2002 by a voice vote. The Bill has ... More


Bear domination
BEARS were in control of Tuesday's trading activity thereby ending the continuous bull-run. Tuesday's market action resulted in reducing the bull count by a considerable margin. However, the sentiment reading of the tradable counters continues to ... More


FII selling weakens Hero Honda
DESPITE Hero Honda announcing good monthly sales numbers, institutional investors are hesitant to add more shares of the company to their portfolio. This is due to a leading FII planning to exit the stock. Dealers said the FII is holding around ... More

Kochi Refineries, GAIL tumble on disinvestment doubts
THE Disinvestment Minister, Mr Arun Shourie's comment on the progress of privatisation being dependent on the Prime Minister and the Deputy Prime Minister served as a dampener to PSU stocks such as Kochi Refineries and GAIL. In the recent past, ... More

BSE warning on bogus deals
THE Bombay Stock Exchange has said some unscrupulous persons are misusing the trading system by making bogus deals in illiquid shares. According to the BSE, these persons lure BSE members to deal in certain B-2 and Z group stocks or illiquid ... More


SEBI for cut in derivatives' contract size
THE Securities and Exchange Board of India (SEBI) will soon write to the Government to reduce the minimum contract size of derivatives from the present level of Rs 2 lakh to Rs 1 lakh. This move of the capital market regulator is aimed at ... More

Satyam: Outlook negative; buy December 260 puts
THE following strategies are based on Tuesday's trading in the derivatives segment at the NSE: Satyam Computer: The outlook on this stock appears negative. Two strong factors in this direction are the increasing put implied-volatility ... More


SEBI has to dig up Grasim `say' in L&T
EXAMINATION of certain key personnel of Larsen & Toubro will be one of the next steps of the Securities and Exchange Board of India in its bid to further substantiate its premise that Grasim is already controlling the engineering and cement ... More


Mid-term review, profit-bookings mar sentiment
A not-so-flattering mid-year economic report released by the Government led to an outbreak of profit-bookings in most counters on the bourses on Tuesday. Strong selling pressure was witnessed in information technology counters as well as old ... More
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