The Hindu Business Line : Thursday, October 02, 2003

SBI MF launches insurance-linked plans
SBI Mutual Fund on Wednesday launched an open-ended income fund called Magnum Income Plus that would offer its investors a free insurance cover up to Rs 2 lakh. The life cover, for investors aged between 18 and 54, is being provided under a ... More

S.V. Prasad appointed CEO of Birla Sun Life
BIRLA Sun Life on Wednesday announced the appointment of Mr S.V. Prasad as its new CEO. Mr Prasad was earlier President Zurich Mutual Fund till HDFC Mutual Fund acquired the fund. He has over 20 years of experience in the financial sector and ... More

TECHNICAL ANALYSIS

Initial gains not held
BULLS extended their pressure during the initial hours of Wednesday's trading activity. Thereafter bears took over and recouped their losses. Neither the bulls nor the bears could gain from the day's trading. The market sentiment reading of the ... More

STOCK MARKETS

Digital GlobalSoft surges on merger ratio revision buzz
THE stock of Digital GlobalSoft surged ahead on the bourses on market talk that the company is likely to revise its `merger ratio' with HP Services India Software Organization or HPS-ISO. Digital had signed a definitive agreement with HP its ... More

Jaiprakash Ind at a high on dividend hopes
THE Jaiprakash Industries stock on Wednesday scaled a new peak and closed at its 52-week high on large-scale value buying. The stock, after touching a high of Rs 83.35 on the Bombay Stock Exchange, closed at Rs 82.70 (Rs 76.35) with a volume ... More

Healthy order for Nucleus Soft
AT a time when majority of the market players are sceptical about IT stocks, a section of the market is slowly accumulating the stock of Nucleus Software. The talk in the market is that the company has a healthy order book position from its ... More

DERIVATIVES MARKETS

Tata Steel: Outlook positive, buy October 280 calls
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: Equity options Tata Steel: The outlook on this stock is positive. The upside price target is Rs 320. The downside risk level is Rs ... More

FOREIGN INSTITUTIONAL INVESTORS

US firm teams up with Brescon for $300-m equity fund
The fund will see half its capital coming from US investors, while Indian institutions will raise the rest. More

REGULATORY BODIES & RULINGS

SEBI cancels 20 NSE brokers' registration
THE Securities and Exchange Board of India (SEBI) has cancelled the registration of 20 stockbrokers of NSE as they were declared defaulter by the exchange. The market regulator in a statement said these brokers ceased to be the member of the ... More

COMMENTARY

Select stocks shine on a day of dull trade
MARKETS remained range-bound on what was a day of lacklustre trading. Trading action was confined to select stocks, notably in the automobile and pharma sector, apart from those stocks that were driven by company-specific developments. The ... More

INVESTOR PROTECTION

MSE plans to hold workshop for investors
THE Madras Stock Exchange plans to conduct investor awareness workshops in 10 cities and towns in the State by the end of the current financial year. The market regulator, SEBI, would support MSE in the campaign that is aimed at retail ... More

Stock Quotes
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line