The Hindu Business Line : Saturday, September 13, 2003

Birla Dividend Yield Plus plans dividend
BIRLA Dividend Yield Plus (BDYP) plans to announce it fourth dividend shortly. The scheme has declared three dividends that add up to 25 per cent of the unit face value of Rs 10 since launch in February 2003. BDYP, an open-ended scheme of Birla ... More

GIC Fortune scheme posts record gains
THE wait seems to be over for the GIC Fortune '94 investor. For the first time since launch, the scheme is pushing past the Rs 10-mark. Its net asset value, Rs 10.67 as on September 9, is at its historic high. The scheme, tucked away in a ... More

STOCKS

BSE makes changes in A group stocks
AFTER shifting over 600 companies stocks in the Z category, BSE has decided to make changes in the A group stocks. The exchange in a statement on Friday said that it is shifting 22 companies' stocks including some banking stocks such as Canara ... More

TECHNICAL ANALYSIS

Bear domination
BEARS gained control of Friday's trading activity. Their dominance left the bulls with no opportunity to recover during the day's trading. Friday's market action resulted in increasing the bear count in the tradable list. However, the sentiment ... More

STOCK MARKETS

Profit-booking, volatility mark stock downtrend
PROFIT-BOOKING in the stock market continued for the third day in a row with Friday's sales more intense than in the last two trading sessions. Market volatility was also higher as seen from the intra-day high-low prices of major stocks. The ... More

Takeover talk lifts Mysore Cement
THE counter of Mysore Cement saw activity on Friday after some market players showed interest. Dealers said that interest in Mysore Cement stock was mainly on talk that the company would be acquired by AV Birla group. The company is part of the ... More

Fiji buy adds colour to Asian Paints
THE Asian Paints stock on Friday hit the 52-week high on news of acquisition of Taubmans Paints, the fourth largest paint company in Fiji, through its subsidiary Asian Paints (South Pacific) Ltd. It closed at Rs 314 on the Bombay Stock Exchange ... More

AP completes sell-off process in four cos
THE Andhra Pradesh Government on Friday entered into sale and purchase agreement with four companies thereby concluding disinvestment in ACC, VST, Sirpur Paper Mills Ltd and Telco (Tata Motors) - and transferred all the securities it held in ... More

BHEL scrip holds firm
THE stock price of State-owned engineering major BHEL continued to hold firm in an otherwise volatile market. Powered by a Rs 20,000-crore-plus order book, the stock has appreciated by almost 40 per cent to Rs 356 from its levels of around Rs ... More

DERIVATIVES MARKETS

Positive outlook on BHEL, HCL Tech; buy October futures
THE following strategies are based on Friday's trading in the derivatives segment on the NSE: Equity options BHEL: The outlook on this stock is positive. The upside price target is Rs 410. The downside risk level is Rs 312. ... More

REGULATORY BODIES & RULINGS

CSTAR terminals at validated locations only
STOCK brokers here will now be able to use their CSTAR terminals only at locations validated by the exchange, the Calcutta Stock Exchange (CSE) has informed members. The move follows a recent SEBI circular on the issue. CSTAR terminals may be ... More

COMMENTARY

Correction clips Sensex further
THE much-awaited correction, which began on Thursday, continued on Friday as well. The BSE Sensex opened firm on Friday by 14.59 points at 4407.72, but the weakness in heavyweights pushed the market down. The index closed at 4305.91 points for ... More

IPOS

B.A.G Films IPO oversubscribed six times
The company was offering 1,48,60,000 equity shares of Rs 2 each for a premium of Rs 8 per chare aggregating to Rs 14.86 crore. According to a company release, over 22,000 applications have been received for more than 850 lakh equity shares of ... More

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