Financial Daily from THE HINDU group of publications
Saturday, June 14, 2003
Markets (June 13)
BL 2501211 (+5.34)
BSE Sensex3354.14 (+16.84)
S&P CNX Nifty1056.20 (+4.90)
Dollar (Buy/Sell)46.70/46.83
Gold Std (10 gm)5470 (-5)

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Dividend yield funds to the fore in low interest regime
"Even in a bull run the fund would have relevance because all sectors do not go up at the same time. And, the fund looks at undervalued stocks at any given point in time. So the basic idea is that the process should ensure that the fund maintains a l ow PE ratio and a high dividend yield at the same time so that the downside is protected." More


Narrow movement
FRIDAY'S trading activity witnessed narrow movement. Neither the bulls nor the bears could gain from the day's trading. The market sentiment reading of the tradable counters continues to remain neutral. Bull domination on Monday is likely to ... More


FISE may submit `Indonext' plan to SEBI today
THE members of the Federation of Indian Stock Exchanges (FISE) are likely to submit a proposal for formation of `Indonext' exchange during their meeting with senior officials of the Securities and Exchange Board of India (SEBI) in Mumbai on ... More


Hikal gains on USFDA hopes
AGRO-chemicals company Hikal Ltd has been accumulated by several institutional investors over the last few days. Dealers said domestic institutions are buying the stock on hopes that the company will get the USFDA approval for its pharma plant. ... More

Rain Calcining jumps on funds' support
THE stock price of Rain Calcining Ltd (RCL), calcined petroleum coke and power producer, has doubled in the last one and half month on active purchases from mutual funds and FIIs. The active purchases from institutional investors are mainly due ... More


Ranbaxy Labs: Outlook positive, buy July calls
THE following strategies are based on Friday's trading at the derivatives segment on the NSE: Equity options Ranbaxy Labs: The outlook on this stock appears positive. The upside price target is Rs 750. Profit-taking may, ... More


Tata Mutual working on Fund of Funds
TATA Mutual Fund could be the first asset management company in India to start a Fund of Funds (FoF), a concept that has been recently blessed by the securities regulator. The AMC, a 50:50 joint venture with TD Waterhouse, is working on FoF ... More


Power stocks fuse out; mid-caps rally
THE market rallied for the third consecutive day owing to the firmness in select stocks. The BSE Sensex closed on Friday at 3354.14 points higher by 16.84 points. The overall market sentiment was mixed. The Sensex opened firm at 3342.65 points ... More


Maruti issue oversubscribed 2.7 times on day 2
THE Government's offer for sale of 25 per cent stake in India's largest automobile company, Maruti Udyog Ltd, has met with an overwhelming response at the end of the second running day of the issue, which closes on June 19. The issue, which ... More
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