The Hindu Business Line : Saturday, December 06, 2003

Benchmark MF to offer income scheme for NRIs
BENCHMARK Mutual Fund has lined up a close-ended income scheme targeted at non-resident Indians. The scheme will offer redemption facility during an interval offer period. The scheme, with a maturity period of one year, will seek to generate ... More

TECHNICAL ANALYSIS

Bear onslaught
BEARS overpowered bulls during Friday's trading activity. Bulls could not have any sway over the day's trading. The market sentiment reading of the tradable counters turned bearish. Bear domination on Monday is likely to further strengthen the ... More

STOCK MARKETS

Heavy selling drives Sensex down 94 points
HEAVY selling in pivotal stocks brought down major indices of the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE) on Friday. The 30-share benchmark of the BSE lost more than 94 points or 1.8 per cent to close at ... More

Bank of Punjab up on takeover talk
AFTER the recent acquisition of 20 per cent stake by HSBC in UTI Bank, the next bank that could be under the takeover list is Bank of Punjab, according to market sources. The market talk is that two foreign banks, Nova Scotia and Société ... More

Vedanta debuts on LSE at a small discount
VEDANTA Resources Plc, the holding company of the Aggarwal's Group's Sterlite Industries India Ltd, made its debut on the London Stock Exchange on Friday, with the shares quoting at a marginal discount from the offer price of 390 pence per share ... More

VXL Instruments rises on report of $3-m deal
THE VXL Instruments stock shot up on Friday following reports that the company has bagged a $3-million (Rs 13.70 crore) supply contract from France Telecom. Compared to an average daily volume of 21,500 shares in November, the counter traded ... More

DERIVATIVES MARKETS

Negative outlook on Reliance Energy
THE following strategies are based on Friday's trading in the spot and the derivatives segment on the NSE. Reliance Energy (formerly BSES): The outlook on this stock is negative. The first downside price target is Rs 426. If the stock ... More

COMMENTARY

HLL, ITC buck trend at bourses
PROFIT-BOOKING finally caught up with the buoyant Sensex in the latter half of Friday's trading. In the post-noon session, there was across-the-board selling in both new and old economy stocks. The Sensex ended the day 94.18 points (or 1.80 per ... More

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