Financial Daily from THE HINDU group of publications
Friday, December 13, 2002
Markets (Dec. 12)
BL 2501113.98 (-4.69)
BSE Sensex3324.48 (+21.21)
S&P CNX Nifty1077 (+7.25)
Dollar (Buy/Sell)48.14/48.17
Gold Std (10 gm)5340 (+40)

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Funds see bonus issue as tax planning tool
FOR investors in mutual funds, it may rain bonus issues in the coming months. Going by feelers sent out by fund houses to the market, a number of players are working out ways to include bonus plans in their income products. And at least one ... More

AMFI moves ahead with self-regulation initiatives
THE Association of Mutual Funds in India (AMFI) may seek inputs on self-regulation from FIRE (Financial Institutions Reforms and Expansions), the US-aided programme on reform and education for financial institutions. Initial discussions on the ... More


Narrow movement
THURSDAY's trading activity witnessed narrow movement. Neither the bulls nor the bears could gain from the day's trading. The sentiment reading of the tradable counters remains neutral. Bull domination on Friday is likely to change the sentiment ... More


BSE reserves may go to new entity, not Govt kitty
THE Government has taken the view that the reserves and surplus built up by the Bombay Stock Exchange (BSE) should be transferred to the proposed corporatised entity. According to senior Finance Ministry officials, the Government had decided ... More


Punjab National Bank hits new 52-week high
THE shares price of public sector Punjab National Bank (PNB) today touched new 52-week high on the back of recent developments such as merger with Nedungadi Bank and divestment of stake in PNB Gilts, a subsidiary of PNB. In today's trading, the ... More

NIIT gains on FIIs buying
THE NIIT stock is back on the FIIs' buy-list following encouraging fourth quarter results. The FII backing was the main reason for the software and computer education company stock gaining steadily over the last few days. The reason for the ... More


Hold HLL, Reliance puts
THE following strategy is based on Thursday's trading in the derivatives segment at the NSE: Equity options HLL: If you had bought the December 160 puts on December 3 as recommended, your position would be down Re 0.80 per ... More


Grasim: SEBI probe to be over in 2 months
THE Securities and Exchange Board of India (SEBI) hopes to complete within the next two months its investigation into the alleged violation of takeover code by A.V. Birla Group company, Grasim Industries Ltd while buying the shares of Larsen & ... More


Infotech stocks retain faith of investors
EQUITIES inched up on Thursday, as investors seemed to believe the results of the ongoing election in Gujarat would have a positive impact on the Central Government's economic decision-making. Consequently, the BSE Sensex crawled up by 0.64 per ... More


JPC on market scam: Will it go the whole way?
Though it is within the Joint Parliamentary Committee's powers to fix responsibility on all those who failed, including ministers, bureaucrats, regulators and institutional heads, the august body seems more comfortable settling for halfway measures. More

Pact with Mauritius on securities scam probes
THE Securities and Exchange Board of India (SEBI) and the Financial Services Commission (FSC) of Mauritius on Thursday entered into a landmark cooperation agreement that would help the capital market regulators of both the countries in ... More

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