Financial Daily from THE HINDU group of publications
Thursday, December 04, 2003
Markets (Dec. 3)
BL 2501840.59 (+13.75)
BSE Sensex5221.90 (+35.82)
S&P CNX Nifty1670.50 (+12)
US Dollar (Buy/Sell)45.58/45.71
Gold Std (10 gm)6040 (+10)

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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


`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


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


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


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


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


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


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


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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Mid-Term Monetary and Credit Policy for the year 2003-2004

Pick a Winner Stock Market Contest

Top Stories
Eco Ministry notification — `Construction sector may take a hit in 2004'

Govt nod for unlisted cos' sweat equity to be mandatory

`Gift route' offers scope for ADR arbitrages

Software majors hire more, earn less

Consolidation boosts bank stocks

Pepper failure reflects poor commercial intelligence

The missing linkages for borrowers

In Focus
Outsourcing backlash
Stamp paper scam
Housing finance scenario
Insurance Round-up — 2003
Organic farming
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
Rising intolerance
(The Hindu)
Vaishnavaite Temples in Tamil Nadu
(The Hindu)
Saivite Temples in Tamil Nadu
(The Hindu)

In Depth
Insurance Corner
Swati CA
Simple Economics
Tax Talk
NRIs & Investment Avenues
Iraq Diary

Looking back
Nov. 23-Nov. 29
Mutual funds on a stock selling spree

Mid-caps hold market; Spl margins hit sentiment

Shipping co stocks steam ahead

ID numbers for securities market players by March

Sensex crosses 5000 as bull run continues

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