Financial Daily from THE HINDU group of publications
Wednesday, July 09, 2003
Markets (July 8)
BL 2501308.68 (+3.46)
BSE Sensex3629.68 (+17.15)
S&P CNX Nifty1145.90 (+5.35)
Dollar (Buy/Sell)46.24/46.37
Gold Std (10 gm)5310 (-65)

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Medium term plan IPO — StanChart MF raises Rs 384 cr
STANDARD Chartered Mutual Fund today announced that it has raised Rs 384-crore from the initial public offer (IPO) of its recently launched scheme, Grindlays Super Saver Income Fund — Medium Term Plan. The IPO of the scheme began on June ... More


Initial gains not held
BULLS were in control of the initial hours of Tuesday's trading activity. Thereafter, bears took over and recouped their losses. Bulls managed to gain from the day's trading. The sentiment reading of the tradable counters stands bullish. Bear ... More


BSE, regional SEs discuss merger
AT a meeting held in Kochi last week, the Bombay Stock Exchange (BSE) and a handful of regional stock exchanges explored the possibility of a merger over the next few years. The original agenda of the Kochi meeting was to work out details of a ... More


Cosmo Films in focus
SHARES of Cosmo Films Ltd, manufacturers of BoPP film used in packaging, has been witnessing sustained market support on the bourses in the recent past. The stock, which was quoting at around Rs 90.60 on the bourses on June 25 ended the day at Rs ... More

Maruti shares to be listed today
SHARES of car maker Maruti Udyog Ltd (MUL) will be listed on BSE and NSE from Wednesday. The trading in futures and options of MUL will also begin from tomorrow on both the exchanges. Last month, the Government had made an offer for sale of ... More

Arisaig offloads Apollo Hospitals equity shares
ARISAIG Partners (Asia) Pte Ltd, along with its Mauritius-based group company, has offloaded two-lakh equity shares held by it in Apollo Hospitals Enterprise Ltd. In a communiqué to stock exchanges on Tuesday, Arisaig said the company, along ... More

Block deals in HDFC
THE housing finance company saw four large block deals, three of them in excess of 14 lakh shares, in early trade on Tuesday. According to market sources, about 43 lakh shares were transacted at the counter on the BSE with rates ranging from ... More

Aurobindo Pharma rises on export prospects
EXPORT opportunities and the completion of a restructuring exercise of manufacturing facilities has spurred investor interests once again in the stock of pharmaceutical major Aurobindo Pharma. The stock has risen by over 25 per cent in the last ... More

MFs, FIIs offload Balaji Tele scrips
MUTUAL Funds and FIIs have reduced their stakes drastically in media company Balaji Telefilms in the last quarter, amidst concern over the fall in the viewership of its TV serials. In addition, the concern over the implementation of CAS also ... More


MTNL: Outlook positive, buy July 120 calls
THE following strategies are based on Tuesday's trading at the derivatives segment on the NSE. Equity options MTNL: The outlook on this stock is positive. The upside price target is Rs 129. The risk is ... More


Mid-cap stock price swings come under SEBI scanner
THE Securities and Exchange Board of India has started looking into the unusual movement in the prices of some mid-cap stocks, and investments by FIIs in these scrips over the last two months. The Chairman of SEBI, Mr G.N. Bajpai, said the ... More

Stockbrokers seeking critical approvals must pay up dues
THE Securities and Exchange Board of India has advised exchanges to ensure that stockbrokers who seek critical approvals fully pay their outstanding principal and interest. Brokers who apply for registration in the derivatives segment or as ... More


IT stocks power Sensex gains
SNAPPING a two-day losing streak, the BSE Sensex moved northward, buoyed by buying in frontline technology counters such as Infosys Technologies, Satyam Computer and HCL Technologies. The positive sentiment in tech stocks was also due to the ... More
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