The Hindu Business Line : Saturday, July 12, 2003

UTI Securities to assist in divestment of eight cos
THE Implementation Secretariat overseeing the reform process of the public enterprises in Andhra Pradesh has roped in the services of UTI Securities to facilitate its divestment of equity stake in eight more listed companies, including AP Paper ... More

Templeton fund banks on TV campaign to lure investors
DESPITE the many investment options available, the typical investor still sticks to bank fixed deposits. So the biggest challenge for a company like Franklin Templeton Investments is to convince investors that other options exist. After a series ... More

TECHNICAL ANALYSIS

Restricted movement
FRIDAY'S trading activity witnessed narrow movement. Bulls managed to gain from the day's trading. The market sentiment reading of the tradable counters stands bullish. Bear domination on Monday is likely to neutralise the prevailing sentiment ... More

STOCK EXCHANGES

SEBI sets store by fair code for public nominees on SEs
IN a move that will have far-reaching consequences on the functioning of stock exchanges in the post-demutualised era, the Securities and Exchange Board of India (SEBI) has formulated a Code of Conduct for the public representatives on exchanges ... More

Post-demutalisation, SEs likely to be listed
STOCK exchanges in India are expected to become listed entities on the Bombay Stock Exchange (BSE). According to the corporatisation and demutualisation roadmap being finalised by the 21 bourses following Thursday's Cabinet approval ushering in ... More

STOCK MARKETS

`Tata group cos may ramp up on TCS public issue plan'
THE Government's decision to sell its residual stake of around 26 per cent in CMC is likely to strengthen the company's stock price on the bourses, feel brokers. "The belief that the Government might be in a position to make an offer higher ... More

Satnam Overseas gains on new product launches
THE stock price of Satnam Overseas Ltd (SOL), a major exporter of basmati rice, has gained 100 per cent in the last seven trading session due to company's plans to enter major cities in the country and launching new products this year. The ... More

Product segmentation helps Parryware improve business
THE Rs 140-crore sanitaryware division of EID Parry Ltd, Parryware, has had a good first quarter, thanks to the company's efforts in improving the product range. "The company's topline grew by 14 per cent and net profit has doubled," senior ... More

LIC, UTI sell tech stocks
AFTER the euphoria in technology stocks on Thursday following the good results by Infosys Technologies, most of the counters on Friday came under selling pressure. The selling started with top-rung stocks such as Infosys, Wipro and Satyam ... More

DERIVATIVES MARKETS

Initiate short futures long call position on Infosys
THE following strategies are based on Friday's trading in the derivatives segment on the NSE: Equity option The outlook on Infosys is negative. Note that the put-call open interest ratio is very high, as is the put implied volatility. ... More

REGULATORY BODIES & RULINGS

Batra takes charge

COMMENTARY

Maruti in top gear; profit taking ensures tech slide
AFTER witnessing hectic trading activity over the past two trading days on account of the listing of Maruti on Wednesday and the declaration of quarterly results by tech bellwether Infosys on Thursday, trading on the markets turned distinctly ... More

ECONOMIC OFFENCES

Dinesh Dalmia moves HC for stay on arrest
MR Dinesh Dalmia, promoter of DSQ Software Ltd, has petitioned the Madras High Court that he "had nothing to do with the scam" of the Calcutta Stock Exchange, which surfaced in March 2001 and is still under investigation by the Kolkata ... More

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