The Hindu Business Line : Saturday, September 20, 2003

ABN Amro rules out buyouts to grow in MF business
ABN Amro Bank has ruled out any option to buy-out existing fund managed by a local asset management company to grow its business in the mutual fund segment where it plans to foray in the last quarter of the current financial year. "There is no ... More

UTI offloads 2.94 pc in Aurobindo
CASHING in on bull run in the markets and close on the heels of promoters of Aurobindo Pharma Ltd (APL) offloading sizable shares in the market to raise funds for converting their warrants into equity shares, Unit Trust of India (UTI) has sold ... More

TECHNICAL ANALYSIS

Volatile movement
BEARS exerted further pressure during the initial hours of Friday's trading activity. Thereafter, bulls took over and gained control of the day's proceedings. However, the sentiment reading of the tradable counters stands mildly bearish. Bull ... More

STOCK EXCHANGES

CSE directors meet to protect interests
THE elected Directors of the Calcutta Stock Exchange on Friday met with the ordinary members of the bourse and decided to take appropriate legal action to protect their legitimate interests. Speaking to newspersons after the meeting, Mr S.K. ... More

BSE online hub set up in Kolkata
THE Bombay Stock Exchange (BSE) on Friday operationalised its second hub outside Mumbai for its online trading system, BOLT. The exchange also inaugurated an investor service centre here. Mr S.B. Patankar, BSE Director (Information Systems), ... More

STOCK MARKETS

Markets bounce back
ON Friday, for the second time this week, a court ruling decided the course of the stock markets. Choppy markets steadied this afternoon when a Special Court in Rae Bareilly hearing the Babri Masjid demolition case declined to frame charges ... More

Block deals lift engg cos
THE stock prices of engineering companies Thermax and Alfa Laval were up on Friday on a couple of large deals. While Thermax saw a block deal of 2.86 lakh shares at a price of Rs 291.50, a chunk of 2.52 lakh shares was traded on the Alfa Laval ... More

DERIVATIVES MARKETS

HPCL: Outlook positive, buy Oct 360 calls
THE following strategies are based on Friday's trading in the derivatives segment on the NSE: Equity options HPCL: The outlook on this stock is positive. The upside price target is Rs 389. The downside risk level is Rs 327. Note ... More

COMMENTARY

Sensex rebounds; auto stocks in top gear
OVER the week, the market has witnessed extreme swings in either direction in the range of 80-100 points. On Friday, the Sensex opened on a positive note before diving to a low of 4,097.55 points, only to rebound towards the end of the day and ... More

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