The Hindu Business Line : Tuesday, March 16, 2004

MICROSCOPE
Nestle: Sales up; but profit growth lukewarm
THE double-digit growth rates in profits and sales reported by Nestle India for the December 2003 quarter may appear striking, at a time when insipid numbers are the norm in the FMCG industry. But Nestle India's 17.4 per cent sales growth, is ... More

ON MINT STREET
Welcome moves on foreign banks
HSBC has acquired around 13 per cent equity stake in UTI Bank. There is a possibility of HSBC acquiring majority stake in UTI Bank as UTI could be selling its stake in UTI Bank. If that happens, HSBC can run UTI Bank only if it (HSBC) closes ... More

EAR TO THE GROUND
Long march over?
SEVERAL investors are selling off their holding of steel stocks fearing that China will pour cold water on the sector's hot prospects. According to a market source, there is news that China will become a net exporter of the commodity by June ... More

ON THE HEDGE
ONGC: Outlook negative, buy March 760 puts
THE following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE: ONGC: The stock closed at Rs 787 in the spot market. The outlook appears negative. The downside price target is Rs ... More

SENSOR
Steel, auto stocks witness sharp decline
An across-the-board selling pressure dragged down the BSE Sensex by 179.74 points to close at 5520.66 points. The S&P CNX Nifty declined by 48 points to close at 1763.40. Click here for table The bearish trend has ... More

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