The Hindu Business Line : Tuesday, August 26, 2003

GIC Mutual to part ways with CAMS
GIC Mutual Fund will soon part ways with Computer Age Management Systems (CAMS), the registrar and transfer agent that is now responsible for GIC liquid fund. The mandate is slated to go to Karvy Consultants. The change will be effective from ... More

TECHNICAL ANALYSIS

Bear onslaught
BULLS extended their pressure during the initial hours of Monday's trading activity. Thereafter, bears made a strong comeback and gained control of the day's proceedings. Monday's market action resulted in terminating all the uptrend counters ... More

STOCK MARKETS

Markets tremble, Sensex down 120 points
THE two bomb blasts in Mumbai today rocked trading on the equities, currency and bond markets, sharply shearing gains made over the last few weeks. Bringing back memories of the 1993 serial blasts, players panicked as news of the first bomb ... More

NIIT witnesses hectic activity
IN an otherwise tense market, the NIIT counter held firm amidst huge volumes on the bourses. Brokers said the stock, which witnessed an intra-day high of Rs 131.70 on the bourses in early trade, would probably have hit the upper circuit on any ... More

Kochi Refineries counter sees large volume
THE Kochi Refineries stock today recorded a huge volume and a decent price rise on the major bourses. According to dealers, some domestic mutual funds reportedly bought significant quantities of the stock. The counter witnessed around ... More

Margin calls to play crucial role this week
WITH stock prices falling sharply today, the margin calls at the broker and client levels are expected to play a crucial role in the week's trading, brokers said. A further fall in stock prices could get the stock exchanges to call for ... More

Gains on realty hopes
ON a day when most of the Nifty stocks fell, VSNL stock was an exception. The stock gained 2.78 per cent at Rs 121.95 on the BSE with volume of 2.73 lakh shares and on NSE it closed at Rs 121.35, up 2.36 per cent with volume of 6.98 lakh shares. ... More

DERIVATIVES MARKETS

SBI: Outlook positive, buy Sept 420 calls
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Equity options BPCL: The outlook on this stock is positive. The upside price target is Rs 345. The downside risk level is Rs 265. ... More

NSE to start F&O trading in 8 bank stocks
MUMBAI: The National Stock Exchange on Monday said it would start futures and options trading in eight bank stocks. The F&O trading in these stocks would begin from August 29. The eight bank stocks are Andhra Bank, Bank of Baroda, Bank ... More

COMMENTARY

Rattled investors pull down the market
THE much-awaited correction finally happened as the Sensex lost 120.49 points or 2.92 per cent in a single trading session following the bomb blasts in Mumbai. After a five-day winning streak and a bull run in the last four months, the markets ... More

IPOS

UCO Bank IPO opens on Sept 3
UCO Bank is aiming at doubling its business to Rs 100,000 crore by the year 2007, according to Mr V.P. Shetty, Chairman. Plans are also under way to adopt core-banking solutions for which the bank has earmarked a capital expenditure of Rs 184 ... More

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