The Hindu Business Line : Thursday, November 13, 2003

UTI set to renew focus on offshore funds
UNIT Trust of India, which registered a big growth in business in the UAE and Gulf over the past year, is renewing its focus on offshore funds. It plans to launch an attractive capital guaranteed fund for NRIs and other offshore investors in ... More

STOCKS

Transgene Bio trading to be suspended
THE Bombay Stock Exchange (BSE) has suspended trading in the securities of Transgene Biotek from November 17, until the pending investor complaints are resolved by the company. The exchange decision comes at a time when the company's board (in ... More

TECHNICAL ANALYSIS

Initial gains not held
BULLS exerted pressure during the initial hours of Wednesday's trading. Bears made a strong comeback during the wee hours of the day's trading. Wednesday's market action resulted in terminating the uptrend in a few counters in the tradable list. ... More

STOCK EXCHANGES

BSE banks on distribution to drive future growth
Dr Vaish observed it was `important that the image of the Exchange, which came under some pressure in the past, is restored and revived on top priority'. This depended on the members' support and effective measures taken by the management. More

STOCK MARKETS

Niche business helps Cranes Soft gain ground
THE stock price of Cranes Software International, a global scientific and engineering software solutions provider, has been steadily gaining ground on the back of sustained buying support. Brokers maintain that strong fundamentals continue to ... More

Hectic activity in Sesa Goa
THE Sesa Goa stock today moved up by over 12 per cent on major bourses with a surge in traded quantity. The stock closed at Rs 414.90 (Rs 368.60), after creating a 52-week high at Rs 431.80 on the Bombay Stock Exchange with accompanying ... More

Geodesic Info: Space connection?
THE stock of Geodesic Information Systems rose to a new year-high on Wednesday though big shoppers were not seen at the counter. According to the market grapevine, the company is in talks with an associate of US space agency NASA to do some ... More

DERIVATIVES MARKETS

ONGC: Outlook positive, buy Dec futures
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: Equity options ONGC: The outlook on this stock is positive. The upside price target is Rs 710. The downside risk level is Rs 621. ... More

FOREIGN INSTITUTIONAL INVESTORS

3 FIIs pick 4.6% promoters' stake in Pantaloon Retail
EVEN as Pantaloon Retail is making a preferential issue to the promoters of the company at Rs 112 per share, the promoters have sold their 4.6 per cent stake in the open market for about Rs 275 per share last week. The shares have been picked ... More

COMMENTARY

Consumer durable firms attract interest
LARGE-CAP stocks remained range-bound during the day even as select mid-cap stocks firmed up. Sensex opened the day at a level higher than the close on Tuesday but kept trending down. At one point, it slipped below the 5,000-points level but ... More

IPOS

IOC, ONGC equity offer in domestic market proposed
THE Government is mulling the option of selling its 20 per cent stake in Indian Oil Corporation and 5 per cent stake in Oil and Natural Gas Corporation in the domestic markets to bridge the fiscal deficit. "We are considering the option of ... More

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