The Hindu Business Line : Friday, July 04, 2003

As RIB redemption draws closer — SBI Mutual plans fresh schemes for NRIs
THE first indications that the State Bank of India group is serious about retaining the money that is expected to flow out on redemption of the Resurgent India Bond have come in. SBI Mutual Fund has worked out an income scheme — Magnum ... More

Mutual funds divided over entry load waiver
A couple of months after a few mutual funds removed entry loads on select equity schemes, industry hands hold mixed views on the subject. An entry load is a proportion (about 2 per cent) of the investment that goes towards meeting a mutual fund's ... More

Morgan Stanley Growth on an upward curve
A BUOYANT stock market has led Morgan Stanley Growth Fund to look up. The fund has started recording large volumes even as the price has breached its 52-week high. Tuesday's session saw MSGF close at Rs 9.97 and Rs 9.95 on the BSE and NSE ... More

TECHNICAL ANALYSIS

Bulls regain
BULLS regained control of Thursday's trading activity. Bears failed to make any impact during the day's trading. The market sentiment reading of the tradable counters stands bullish. Bear domination on Friday is likely to change the sentiment ... More

STOCK EXCHANGES

CSE brokers told to pay regn fee
THE Calcutta Stock Exchange (CSE) has made a fresh attempt to motivate members to pay their registration fees, an issue that has made news in the capital markets in recent times. The CSE move comes a couple of months before the expiry of a new ... More

STOCK MARKETS

Banks, pharma stocks spearhead bull run
BANKING and pharmaceutical companies led a spectacular broad-based rally in the stock markets on Thursday, adding fuel to a bull run that has led many to believe that the `big wave' is finally here. The benchmark 30-share Sensex of the Bombay ... More

Bank stocks back in limelight
AFTER a lull for a month, banking sector stocks — both from public and private sector — were in limelight on Thursday backed by heavy buying from institutional investors. The active buying in the bank stocks was for varied reasons ... More

SBI crosses Rs 400-mark
THE stock price of State Bank of India, country's largest bank, crossed the Rs 400-mark for the first time since listing. In Thursday's trading the stock price of SBI closed at Rs 402, up 3.20 per cent on the BSE. The increased interest in the ... More

Fear of numbers hits Infosys
THE Infosys counter witnessed heavy selling on Thursday as investor anxiety rose with speculation on likely numbers when the technology leader announces its first quarter performance on July 10. Stock market sources said the Government of ... More

DERIVATIVES MARKETS

BHEL: Outlook negative; buy July 270 puts
THE following strategies are based on Thursday's trading at the derivatives segment on the NSE: BHEL: The outlook on this stock is negative. The downside price target is Rs 255. The upside risk level is Rs 290. Consider buying the July ... More

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COMMENTARY

Techs lose out; bank, pharma stocks move up
STOCK prices of pivotals continued to defy gravity and registered a rise on Thursday on the back of robust trading volumes. The BSE Sensex opened firm on Thursday only to lose ground as the stock price of Infosys Technologies nosedived. ... More

Stock Quotes
SE Diary

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