The Hindu Business Line : Tuesday, February 18, 2003

Sharekhan begins Vizag operations
HYDERABAD: Sharekhan, one of the leading retail brokerage firms in the country and the retail broking arm of the Mumbai-based SSKI group, has announced the commencement of its operations at Vijayawada on Monday. In a press release ... More

MUTUAL FUNDS

Tata Mutual plans to convert Ind Tax Shield as open-ended
TATA Mutual Fund has decided to convert the close-ended erstwhile Ind Tax Shield into a general equity scheme. In its new avatar, the latter will be renamed Tata Equity Opportunities Fund. The scheme, originally floated by Indian Bank Mutual ... More

TECHNICAL ANALYSIS

Bull onslaught
BULLS were in total command of Monday's trading activity. Stock prices across the board rose sharply during the day's trading. Bears were unable to make any impact during the day's trading. The market sentiment reading of the tradable counters ... More

STOCK MARKETS

Hopes of a `friendly' Budget boost stocks
ON expectations of a market-friendly Budget coupled with the fading of war fears, the equity, currency and bond markets today reacted positively with all-round buying interest. The 30-share benchmark sensitive index of the BSE, Sensex closed ... More

ACC jumps on open offer hopes
CEMENT major ACC jumped sharply today on hopes that the Securities and Exchange Board of India (SEBI) may issue a directive asking Gujarat Ambuja Cement Ltd (GACL) to make an open offer to the shareholders of ACC shortly. Earlier, the ... More

Mid-cap tech stocks sizzle
WITH fears of an impending war between the US and Iraq temporarily allayed, mid-cap software stocks such as Pentamedia Graphics, Silverline Technologies and DSQ Software went on a roller coaster ride on the bourses today. Trading for after ... More

FIIs turn buyers in Satyam Computer
SATYAM Computer was back in the buy list of leading institutional investors. Dealers said most institutional purchases came from the foreign investors. The major factor for the revived interest in the counter was on expectation that the company ... More

Hexaware shines ahead of results
THE Hexaware Technologies stock today saw a sharp jump in price in anticipation of improved results for the quarter ended December 2002 on the major bourses. Interestingly, the December quarter results, which came in after the market hours, ... More

Special margin on 37 scrips
CHENNAI: THE BSE has imposed a special margin on the following 37 scrips from Monday. Some of the scrips which attracted 25 per cent special margin included, Arvind Remedies, Balmar Lawrie, Brijlaxmi Leasing, Cosmo Films, Cybarmate, ... More

DERIVATIVES MARKETS

ACC: Outlook negative, buy March 150 puts
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Equity options ACC: The outlook on this stock is negative. The downside price target is Rs 145. The risk is that momentum trading may ... More

COMMENTARY

Feel-good factor pushes up Sensex
THE benchmark BSE Sensex ended the first day of the week on a higher note. The spike in the stock price of the index heavyweights, in anticipation of a market friendly Union Budget, aided the northward movement of the Sensex. Market sentiment was ... More

INVESTOR PROTECTION

Delisting tightened to benefit investors
IN an effort to stiffen the norms for delisting of securities with the objective of providing better cover for investors, the Securities and Exchange Board of India (SEBI) has issued fresh guidelines on Monday, directing the stock exchanges to ... More

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