The Hindu Business Line : Thursday, May 01, 2003

SEBI clears decks for `Fund of Funds'
THE Securities and Exchange Board of India (SEBI) has cleared the proposal for Fund of Funds (FoF), paving the way for an altogether new element in the domestic mutual fund industry. An FoF is a mutual fund whose portfolio consists of other ... More

`UTI revised valuation on auditors advice'
`PRUDENCE', it appears, has got the better of `consistency' on the matter of adoption of a suitable method for the valuation of preference shares. The auditors of Unit Trust of India (UTI) for 2001-02, it seems, have in a way been instrumental ... More

TECHNICAL ANALYSIS

Sideways movement
WEDNESDAY'S trading activity witnessed a narrow movement. However, bears managed to gain from the day's trading. The sentiment reading of the tradable counters stands bearish. Bull domination on Friday is likely to neutralise the sentiment ... More

STOCK EXCHANGES

Regional SEs plan Indonext
FIVE southern regional stock exchanges have come together and propose to provide at the national level a supplement to major exchanges — the Bombay Stock Exchange and the National Exchange. The participants - Chennai, Bangalore, ... More

SEBI sends positive signal for Indonext — Common trading platform for regional exchanges
THE regional stock exchanges based in South India have received an encouraging response from the Securities and Exchange Board of India (SEBI) to an initiative to merge into a single trading platform named, "Indonext". Mr P.J. Mathew, Executive ... More

STOCK MARKETS

ICICI Bank down on selling pressure
THE share price of ICICI Bank came under heavy selling pressure on Wednesday, falling six per cent on the bourses as institutional investors off-loaded the Bank's shares in the day's session. The bank's stock fell 6.65 per cent on the BSE, ... More

HDFC climbs as shedding ends?
AFTER declining consistently last week, the share price of housing finance company HDFC is back on the upward trail. In the last three trading sessions, the stock almost gained over 10 per cent. Dealers said that the main driver behind the rise ... More

Media stocks in limelight
MEDIA companies stocks shot into limelight today with across the board value buying and expectations that the worst for the sector seems to be over. Brokers and analysts said, over the last few quarters, media stocks were hammered down ... More

GAIL rises on inclusion in Nifty, MSCI index
THE Gas Authority of India Ltd (GAIL) stock today moved up on major bourses with volumes on expectation of better results, which was announced after the trading hours. According to brokers and traders, inclusion of the stock in the S&P CNX ... More

DERIVATIVES MARKETS

Volumes drop in Nifty futures
THE derivative segment at the National Stock Exchange continued to witness lacklustre activity with total turnover declining to Rs 1,758.44 crore on Wednesday as compared to Rs 1,880 crore transacted on Tuesday. Index futures: In line ... More

COMMENTARY

Sensex ends in positive terrain
ON a narrow-range trading day, the indices closed marginally higher in positive territory. The BSE Sensex opened the day lower at 2942.42 and rose to an intra-day high of 2962.40. However, it shed its gains towards the end of the day to close at ... More

Stock Quotes
SE Diary

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