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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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

Reliance to maintain WLL service tariffs
RELIANCE Infocomm Ltd will continue to hold its present tariff structure for limited mobility (WLL) services, even if it is asked to shell out additional entry fees and spectrum charges as part of a "level-playing field" package. The package ... More

AV Birla group divests Indo Gulf stake to a single entity
THE AV Birla Group's equity stake in Indo Gulf Fertilizers Ltd (IGFL), held separately through three of its manufacturing companies, has been divested to a single entity. TGS Investments & Trade Pvt Ltd, which bought 29.72 per cent equity ... More

Dowry? Don't say the word at Regency Ceramics
"I HEREBY undertake that I do not insist and receive dowry either in cash or kind from the prospective bride's parents. Also I would endeavour to persuade my parents to be made aware to get rid of this obnoxious practice" ... this is an ... More

PF subscribers above 55 can draw 90% for pension scheme
THE Employees Provident Fund Organisation (EPFO) has decided to allow provident fund subscribers above the age of 55 to withdraw up to 90 per cent of the accruals for investment in the Varishta Pension Bima Yojana run by the Life Insurance ... More

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

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