Financial Daily from THE HINDU group of publications
Wednesday, December 18, 2002
Markets (Dec. 17)
BL 2501111.39 (-5.21)
BSE Sensex3311.06 (-17.33)
S&P CNX Nifty1073.25 (-5.20)
Dollar (Buy/Sell)48.10/48.23
Gold Std (10 gm)5520 (+85)

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OFFHAND


Showing the way for other elections?
THE outcome of the election in Gujarat was hardly a surprise. All the pollsters — barring one — predicted the romping home of the BJP with a comfortable margin. There were divergences only in the actual numbers. Ironically, the BJP's ... More

FINANCIAL SCAN


Capital flows drive rupee
LONG has the rupee provided a living for forex dealers, brokers and consultants — because it was always a one-way bet. The question was not whether it would depreciate but how much. There were some periods of stability — the early ... More

REFLECTIONS


Kolhapur going the Pune way?
For most, the unplanned and dusty district town of Kolhapur is tied up with the famed Mahalaxmi Temple and sugar industry. The traffic is not heavy and many believe Kolhapur today resembles Pune of the '70s. People still build bungalows with garden f ronts, water is not scarce and life moves easily in a 9-a.m.-to-6-p.m. time arc. More

DOWN TO EARTH


The Narmada oustees — Not everything is down the river
Continuing his journey through Madhya Pradesh, Sharad Joshi meets the oustees of the Sardar Sarovar project and offers a solution to their problems. More

SAY CHEEK


Debit & credit in life's books
IF bookkeeping finds a place in Hindu mythology, it is in the work of Chitragupta. He is believed to be the recorder of vices and virtues of all. And he waits with his ledger in Yama's palace of death and reads off its folios the life histories ... More

ON MINT STREET


RIDF: Working at cross-purposes
THE Rural Infrastructure Development Fund (RIDF) operated by Nabard seems to have failed its mandate and "Nabard has little incentive to improve the situation.'' That is the finding of a research paper published by Alice Albin Morris and ... More

EAR TO THE GROUND


Fund buying in HDFC Bank
HDFC Bank was in the spotlight on Tuesday with some funds buying into the stock. According to market sources, a prominent domestic brokerage firm is said to have bought into the counter and analysts put it to attractive valuations. The stock ... More

ON THE HEDGE


Market outlook negative, buy December Nifty puts
THE following strategies are based on Tuesday's trading in the derivatives segment at the NSE: Equity option: The outlook on ACC appears negative, but the downside from the current level is limited. The upside price target is Rs 171, ... More

SENSOR


Bank stocks steal the show even as others slip
AFTER the reversal on Monday, stocks of public sector banks were again in demand on Tuesday. Led by State Bank of India, stocks of a number of public sector majors recorded sizeable gains. That, however, was not enough to pull up the ... More
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