Financial Daily from THE HINDU group of publications
Wednesday, August 20, 2003
Markets (Aug. 19)
BL 2501439.59 (-11.16)
BSE Sensex4006.91 (+29.18)
S&P CNX Nifty1277.70 (-3.70)
Gold Std (10 gm)5440 (-50)

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Brokers may be allowed to obtain banks funds for clients: SEBI panel
A SECURITIES and Exchange Board of India committee has suggested a more market-friendly margin trading system where brokers act as facilitators of funds from banks and non-banking finance companies to their clients for buying stocks. In the ... More


Equity funds turn investors' fancy
PUNTERS are having a field day in getting in and out of equity funds, their neat moves supported by a rise in the stock markets, reflected in increases in net asset values. A section of investors have lately found merit in entering, exiting and ... More


Initial gains not held
BULLS extended their pressure during their initial hours of Tuesday's trading activity. Later on, bears took over and recouped their early losses. The market sentiment reading of the tradable counters continues to remain bullish. Bear domination ... More


Sensex breaches 4000-level — SAIL, oil majors do a reverse; lose heavily
HOPE, confidence and liquidity fuelled a rally in the stock market on Tuesday that took benchmark indices to levels not seen in the past two-and-half years. The 30-share Sensitive Index, or Sensex, of the Bombay Stock Exchange broke the ... More

Falling bank rates bring retail investors back to equities
THE bullish trend in stock prices, especially since April this year, coupled with the fall in interest rates has attracted a large number of small investors to the secondary market, say brokers. According to them, there has been an increase in ... More

SAIL flops in whirlwind trade
SOME frenzied trading that culminated in large-scale selling took the wind out of the sails of the State-owned Steel Authority of India (SAIL) on Tuesday. Even though the stock blazed through to new highs in early trade it could not hold on to ... More

`Takeover' rumours to keep interest in IDBI Bank alive
IN sharp contrast to Monday's trade, shares of IDBI Bank corrected on the bourses on profit taking by operators. However, brokers maintain that with the bank being a favourable takeover candidate, operator interest in the counter will be ... More


Tata Steel remains active
WITH the BSE Sensex crossing the crucial 4000-mark, activity at the derivative segment on the National Stock Exchange picked up further on Tuesday. Transactions worth Rs 6,719 crore were traded on the NSE as against Monday's Rs 6,039 crore with ... More


FIIs hiking stake in bank stocks
BANKING stocks appear to have been the favourites among Foreign Institutional Investors (FIIs) during the April-June quarter, this year. FIIs have bought major bank stocks including Union Bank, Canara Bank, Punjab National Bank, Vysya Bank and ... More


Steel stocks buckle down; cement firm up
ACROSS-THE-BOARD selling pressure catapulted the S&P CNX Nifty into negative territory. The Sensex closed marginally higher than Monday's close of 3977.73 points at 4006.91. The Nifty closed the day at 1277.70, lower by 3.7 points. The Sensex ... More


New non-executive Chairman for BSE
THE Bombay Stock Exchange (BSE) has appointed Mr S. Jambunathan as the non-executive Chairman of the exchange. His appointment is up to March 31, 2004. He has been a public representative director at the BSE since January 30, 2002. Mr ... More
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Looking back
Aug. 10-Aug. 16
`High-yielding debt funds can beat bank deposits hollow'

PFs now allowed to invest in gilt funds

Distribution of reserves to brokers questioned

Assets under mutual funds up 7.7 pc in July

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