The Hindu Business Line : Monday, June 02, 2003

IT stocks lose steam among fund houses
THESE are rollicking times for equities and equity funds, many of which continued their run over the past one week, bringing hope to investors who have for long not seen such positive signals emanating from the market. Banks, pharmaceuticals and ... More

Birla Sun Life taps Gulf market for offshore fund
BIRLA Sun Life Financial Services is tapping the Gulf Cooperation Council (GCC) market for its India Advantage Offshore Fund, with NRIs as well as retail foreign investors including GCC nationals being looked at as potential investors. Mr S.K. ... More

STOCK MARKETS

Govt flip-flop on equity return — Dealers expect bank stocks to lose interest
SHARE traders are teetering on the edge as the Finance Ministry's going back and forth on what it wants to do with the banks that plan to return equity is set to take the wind out of the sail of the recent equity market rally driven by ... More

Market may remain positive with a check on bank stocks
THERE is no prize for anticipating that the PSU bank stocks, except for the SBI counter, are likely to open lower this week. Dalal Street is apprehending that there could be a scramble for selling PSU bank stocks on Monday as a reaction to the ... More

Numbers to drive
Two-wheelers: Two-wheeler stocks, TVS Motor and Bajaj Auto in particular, have seen a sharp upward spike in the past few days. With the sales number for the month of May scheduled to be released this week, the companies from the ... More

INTERVIEW

`Pharma, engineering and auto ancillaries look good' — Mr Vetri Subramaniam, Fund Manager, Kotak Mahindra MF
KOTAK Mahindra Mutual Fund, among the more older players in the domestic MF sector, has lately stepped up efforts to create larger space for itself in a very competitive market. Most of its initiatives have been on the debt side, the recent one ... More

COMMENTARY

Tech counters firm; Infy, Wipro premium widens
WITH investors showing continuous optimism, the US benchmarks rallied to an 11-month height on expectations of economy reviving. Thanks to an encouraging economic data of firmer consumer confidence and a pickup in Midwestern manufacturing seemed ... More

IPOS

`Maruti IPO at a premium compared to competitors'
THE pricing of Maruti Udyog Ltd (MUL) initial public offer at Rs115 per share reflects a premium when compared to its listed international competitors such as Kia Motors, Hyundai Motors and Proton, on various investment parameters, brokers and ... More

Stock Quotes
SE Diary

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