Financial Daily from THE HINDU group of publications
Saturday, December 14, 2002
Markets (Dec. 13)
BL 2501122.80 (+8.82)
BSE Sensex3342.97 (+18.49)
S&P CNX Nifty1086.20 (+9.20)
Dollar (Buy/Sell)48.13/48.26
Gold Std (10 gm)5450 (+110)

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`Arbitrage opportunity high for Sensex ETF'
THE Bombay Stock Exchange seems to have thrown its weight behind the first exchange-traded fund (ETF) based on the 30-share BSE Sensex, expected to be launched by Prudential ICICI Mutual Fund. For starters, BSE's index cell has sought to ... More

Sundaram MF to pay dividends on 9 funds
SUNDARAM Mutual proposes to declare dividends on nine of its funds, from December 13 to 27, according to a company press release. The release quoted Mr T.P. Raman, Managing Director, Sundaram Asset Management Company, as saying that it hopes to ... More

UTI board meet on Mastershare
UNIT Trust of India has informed the Bombay Stock Exchange that its Board of Trustees will meet on December 23 to consider the proposal to make Mastershare (a subsidiary of US-86) an open-ended scheme. "The exact date of making it open-ended ... More


Bull domination
BULLS were in total command of Friday's trading activity. Bears were unable to make any impact during the day's trading. The market sentiment reading of the tradable counters stands bullish with no downtrend counters. Bear domination on Monday is ... More


Exit polls boost Gujarat PSU stocks
THE stock prices of the Gujarat government-owned public sector companies went up sharply today on hopes of early disinvestment by the State Government in these companies. Among the stocks that witnessed a sharp rise were — Gujarat State ... More

MTNL reacts to Reliance move
AFTER a short recovery from its new lows, MTNL has resumed its downward journey. But this time the selling was on fear that MTNL might lose major businesses after the launch of Reliance's limited mobility telecom service, scheduled for launch on ... More

Jaswantspeak takes HDFC to new high
THE stock of Housing Development Finance Corporation (HDFC) reached a new 52-week high today even as the Finance Minister, Mr Jaswant Singh, reiterated that fiscal incentives for the housing sector would continue. The share price of HDFC zoomed ... More


Construct January bull call-spread on Nifty
THE following strategies are based on Friday's trading in the derivatives segment at the NSE: Equity options: The outlook on BPCL appears positive, though it may take a while for the stock's upside drift to gather speed. The upside price ... More


PSU stocks gain; sentiment turns positive
EQUITIES rose moderately on Friday because of the widely held belief that the outcome of the ongoing election process in Gujarat would have a positive impact on economic decision-making. Public sector stocks, in particular, were among the ... More
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