Financial Daily from THE HINDU group of publications
Wednesday, October 15, 2003
Markets (Oct. 14)
BL 2501688.83 (-35.59)
BSE Sensex4782.03 (-67.24)
S&P CNX Nifty1520.80 (-25.95)
US Dollar (Buy/Sell)45.63/45.78
Gold Std (10 gm)5645 (+45)

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MFI, ICRA tie up to introduce value-added products
MUTUALFUNDSINDIA, in which ICRA has recently taken a critical 33 per cent stake, plans to use the credit rating agency's analytical expertise and work with it to introduce value-added products in areas like risk and wealth management. The ... More


Birla Sun returns outperform benchmark indices
BIRLA Sun Life Insurance Company Ltd's (BSLI) returns on its various investment funds for the quarter ended September 30, have consistently outperformed the benchmark indices. The benchmark index is a composite index of NSE (G-Sec index of over ... More

Now it's MFs turn to lure RIB redemptions
INDIAN mutual fund firms are looking to tap the huge liquidity at the disposal of NRIs following the recent redemption of the RIB bonds and premier companies are conducting seminars and meetings in the UAE offering a number of options for NRI ... More


Bear domination
BEARS gained control of Tuesday's trading activity. Bear domination led to the termination of the three-day long bull-run. Tuesday's market action resulted in reducing the bull count by a considerable margin. However, the market sentiment ... More


OCB tones down Bharti Tele
The stock of telecom major Bharti Tele-Ventures came under heavy selling on Tuesday. The selling was despite the company announcing a new attractive package for subscribing to its cellular services. The market talk was that heavy selling by an ... More

SCI scrip dips on HC order
THE market valuation of Shipping Corporation of India stock was down on Tuesday in view of the Bombay High Court order on maintaining "status quo" vis-à-vis its disinvestments process. The stock closed the day at Rs 121.65, down from Monday's ... More


Outlook positive on Oriental Bank, HCL Tech
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Equity options Oriental Bank: The outlook on this stock is positive. The upside price target is Rs 280. The downside risk level is Rs ... More


Markets pegged back as 11-day rally snaps
THE cliché that all good things have to come to an end asserted itself at the markets with a bang. After having been on a blistering run that saw the Sensex put on close to 13 per cent over a 11-day trading, a correction was very much on the ... More


Weal Info's Rs 14-cr IPO opens on October 20
WEAL Infotech Ltd, which was set up in 1999, is coming out with a public issue of 1.39 crore equity shares of Rs 10 each for cash at par aggregating Rs 13.90 crore. The issue, opening on October 20, will close on October 27. The funds ... More


Serious fraud office to handle Ketan Parekh stock, DSQ Soft cases
CLOSE on the heels of getting its first case in Daewoo Motors India, the Serious Fraud Investigation Office (SFIO) has now been handed over two more cases by the Department of Company Affairs (DCA). The department has referred the cases ... More
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