Financial Daily from THE HINDU group of publications
Friday, December 06, 2002
Markets (Dec. 05)
BL 2501096.37 (+8.18)
BSE Sensex3229.73 (+22.37)
S&P CNX Nifty1045.95 (+9.55)
Dollar (Buy/Sell)48.20/48.33
Gold Std (10 gm)5275 (+35)

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Benchmark plans to launch Junior BeES
AFTER the successful launch of country's first exchange traded fund (ETF), Benchmark Asset Management Company is planning to launch an exchange-traded scheme based on the Nifty Junior index of the National Stock Exchange. The mutual fund has ... More

AMFI wants cheque writing for money market mutuals
THE Association of Mutual Funds in India (AMFI) has appealed to the Reserve Bank of India to obtain permission for cheque-writing in money market mutual funds (MMMFs). An AMFI team has recently made a presentation before the central bank on this ... More


Bulls prevail
BULLS gained control on Thursday's trading activity terminating the two-day long bear-run. Bears were unable to make any impact during the day's trading. The market sentiment reading of the tradable counters stands neutral. Bull domination on ... More


Polaris to see renewed pressure?
WITH the legal merger of Polaris Software and OrbiTech to take place shortly, the real impact of the process would take at least another three quarters to be felt. Analysts said there would not be any major development in the next few quarters as ... More

Cranes Software jumps 250 pc on profit hopes
CRANES Software International Ltd (CSIL), developer of the high-end scientific and engineering software, has gained over 250 per cent since the last week of October. The upturn in the price is mainly on expectation of good financial ... More

e-Serve sees block deal
THE e-Serve International stock today spurted on the back of a block deal of 2.93 lakh shares on the Bombay Stock Exchange. It closed at Rs 538 on the BSE with a gain of 9.31 per cent. The total traded volumes on the BSE stood at around 3.5 lakh ... More


Nifty: Downside limited; construct bear put-spread
THE following strategies are based on Thursday's trading in the derivatives segment at the NSE: Equity option: Tata Engg: The outlook on the stock is positive, though the upside from the current level appears limited. The ... More


Market retraces winning path as tech rebounds
INFORMATION technology stocks made a comeback on Thursday and the rebound in stock prices in this sector helped the bourses post a nominal rise in indices. Technology sector stocks, which were battered by profit-bookings during the previous two ... More
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