The Hindu Business Line : Thursday, December 04, 2003

No change in pricing for UTI Bank share — HSBC open offer from today
HSBC has said that its open offer to UTI Bank shareholders would commence from Thursday. Despite the upward swing in UTI Bank's share price during the day on the news of the stake sale, HSBC said that it had no plans to alter the offer price of ... More

INVESTMENTS

`Gift route' offers scope for ADR arbitrages
WHILE the Government is yet to allow two-way convertibility of shares, Indian investors with close relatives abroad could well use the `gift route' to take advantage of the price differential between the Indian shares and its corresponding ... More

MUTUAL FUNDS

IL&FS mutual fund launches monthly income plan
IL&FS Mutual Fund has announced the launch of IL&FS Monthly Income Plan, an open-ended scheme with no assured returns that seeks to generate regular income for investors. The initial public offer for the scheme, which opened on December 1, will ... More

TECHNICAL ANALYSIS

Volatile movement
BEARS were in control of the initial hours of Wednesday's trading activity. Later on, bulls made a strong recovery and recouped their losses. Neither the bulls nor the bears could gain much from the day's trading. The market sentiment reading ... More

STOCK MARKETS

Consolidation boosts bank stocks
THE stock market once again begun betting on the private bank stocks triggered by a series of news related to consolidation in the sector. In the recent weeks, first the possibility of merger of Ashok Leyland Finance with IndusInd Bank became a ... More

It's raining gains for consumer durables
Higher disposable incomes and easy financing options are contributing to the demand for consumer durables. More

Block deal in Jain Irrigation
THERE was a block deal of 30 lakh shares in the counter of Jain Irrigation on BSE on Wednesday. The promoters of the company sold these shares and the buyers included FII GMO and other institutional investors. The deal was stuck in the early ... More

DERIVATIVES MARKETS

Tata Power: Outlook may turn negative
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: Single-stock futures Tata Power: The stock closed at Rs 281 in the spot market. The outlook on the stock could turn ... More

FOREIGN INSTITUTIONAL INVESTORS

Boston-based fund picks up stake in KEC
GMO Emerging Markets Fund, a Boston-based FII, has picked up a 5.01 per cent stake in power transmission company KEC International Ltd. KEC informed the stock exchange on Wednesday that GMO Emerging Markets Fund had acquired 17.97 lakh shares ... More

INVESTOR GRIEVANCES

Redress doesn't get addressed
The ombudsman mechanism of SEBI may result in delayed redressal of investor grievance, says N. R. Moorthy More

COMMENTARY

Sensex ends firm; Mixed bag for heavyweights
FOR the third trading day in a row, the benchmark BSE Sensex closed higher, at 5221.9 points. The 30-stock index was up 35.82 points (0.69 per cent). The index opened firmly at 5198.74 points, about 13 points higher than the previous day's ... More

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