The Hindu Business Line : Wednesday, September 17, 2003

OCBs barred from investing in India
THE Reserve Bank of India has barred the overseas corporate bodies (OCB's) from investing in India though various routes and schemes under the foreign exchange regulations. The RBI had already prohibited the OCBs from making investments under ... More

MUTUAL FUNDS

Benchmark lines up FoF scheme
BENCHMARK Mutual Fund, the asset management outfit that specialises in exchange traded funds, has lined up a fund of funds (FoF) comprising five plans, each of which will invest mainly in the schemes currently managed by the MF. The scheme will ... More

STOCKS

Instanex Skindia ups Infosys, ICICI ADR weight
INSTANEX Skindia depository receipts index has increased the weight of Infosys to 14.31 per cent from 6.65 per cent to reflect the increased number of the company's American Depository Receipts. The change made on September 12, has also allowed ... More

TECHNICAL ANALYSIS

Bear-run arrested
TUESDAY'S market opened with a strong bearish note. But, bulls came back strongly and took control of the day's proceedings. Bulls were successful to the extent of reducing the bear count by a considerable margin. The sentiment reading of the ... More

STOCK MARKETS

HPCL stock takes a beating on bourses
THE stock of oil refiner and marketer, Hindustan Petroleum Corporation Ltd (HPCL) took a drubbing today after the Supreme Court told the Government it could not sell its equity holding in the company without Parliament's approval. The HPCL ... More

Maharashtra Seamless scrip surges
THE stock of Maharashtra Seamless surged ahead hitting the upper circuit on the bourses on sustained fund support on Tuesday. According to the market grapevine, such was the pent up demand that intra-day there were pending buy orders of almost ... More

Strength back in steel
AFTER a week of weakness, active buying by investors pushed up steel company stocks on the exchanges on Tuesday. Dealers said foreign institutional investors as well as domestic funds were purchasing steel shares in large numbers. Steel ... More

Diamond cos losing shine
THE stocks of diamond exporting companies have of late lost their sparkle on the major bourses. According to brokers and dealers, the stocks are generally are in the grip of certain known operators. "For example, the Rajesh Exports counter, ... More

DERIVATIVES MARKETS

ACC: Outlook positive, buy Oct 210 calls
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Equity options ACC: The outlook on this stock is positive. The upside price target is Rs 225. The downside risk level is Rs 185. The ... More

COMMENTARY

Sensex ends strong on a volatile day
SNAPPING the three consecutive days of downtrend, the benchmark BSE Sensex witnessed a sharp northward movement on Tuesday. The 30-stock Index rose 80.92 points (1.93 per cent), as key index heavyweights witnessed strong buying activity. The ... More

ECONOMIC OFFENCES

Using insider-trading as a weapon
THE Securities and Exchange Board of India (SEBI) seems to be a bit jittery about front running by mutual fund managers, if one is to go by the reports of a mandatory, closed-door meeting held by its Chairman, Mr G. N. ... More

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