Financial Daily from THE HINDU group of publications
Tuesday, October 14, 2003
Markets (Oct. 13)
BL 2501724.42 (+31.25)
BSE Sensex4849.27 (+80.37)
S&P CNX Nifty1546.75 (+23.65)
US Dollar (Buy/Sell)45.38/45.51
Gold Std (10 gm)5600 (-20)

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Play the game fairly, Amfi tells members
THE Association of Mutual Funds in India (Amfi) has told its members to stop ulterior practices such as giving backdated NAVs to favour high-value clients, and rebates and commissions cloaked as reimbursement of demand draft charges to corner ... More


Bull domination
BULLS were in total control of Monday's trading activity. Bears were unable to make any impact for the third successive trading day. The market sentiment reading of the tradeable counters stands strongly bullish with no downtrend counters. ... More


`Bull run' in SEs to continue for 6 more months: CEOs
THE prevailing "bull run" in the domestic stock markets will continue for at least six more months, a vast majority of the country's corporate honchos feel, according to the latest snap poll of the chief executive officers (CEOs) conducted by ... More

Quite a many of them on a high
IN view of strong buying, 143 stocks hit their all-time high today on the Bombay Stock Exchange. On the National Stock Exchange 93 counters created their all-time high. However, at the close of the trading session, only around 20 stocks could ... More

Valuation play drives Kotak Mahindra Bank
THE stock of Kotak Mahindra Bank Ltd on Monday rallied sharply, hitting a 52-week high intra-day on the bourses on sustained buying support. Brokers said that it was sheer `valuation play' that was driving the counter. A moot point to note is ... More

Bluest of them all
RELIANCE Industries Ltd is on a roll. Shares of the blue-chip company are much in demand in spite of the spectacular run over in the past few months. A domestic broking firm is recommending the stock to its investors saying that it is still ... More


Open interest slips in tech counters
THE week began on a promising note as the National Stock Exchange's S&P CNX Nifty jumped 1.55 per cent or 23.65 points to 1546.75 on Monday. Derivative segment was also equally impressive with trading turnover improving to Rs 9,947 crore as ... More


SEBI defers introduction of T+6 norm for book-built IPOs
THE Securities and Exchange Board of India on Monday decided to defer introduction of the T+6 settlement system for book-built primary issues. It has also deferred until further notice, introduction of blackout period for research reports ... More

Open offer waiver for Tata Ind, Tata Sons
THE Securities and Exchange Board of India has allowed Tata Industries and Tata Sons Ltd to subscribe to 11.3 crore shares of Tata Finance without making an open offer under the SEBI Takeover Regulations. The shares will be allotted to the two ... More


Feelgood factor fuels investor interest
THE feelgood factor on the back of improving economic fundamentals and good monsoons appears to be swaying investors in its stride. The markets, which are already on fire, shot up on frantic buying across sectors on Monday. The Sensex raced ... More
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