Financial Daily from THE HINDU group of publications
Wednesday, March 06, 2002
Markets (March 5)
BL 2501140.57 (+2.70)
BSE Sensex3641.10 (-1.48)
S&P CNX Nifty1178.50 (+1.15)
Dollar (Buy/Sell)48.65/48.78
Gold Std (10 gm)4970 (-30)

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TVS Motor open offer for 50.30% Harita Fin stake
TVS Motor Co (TVSML) is making an open offer to acquire 50.30 per cent stake in Harita Finance, a company belonging to the same group, at Rs 10 per share. The balance 49.70 per cent of the stake is with other group companies. TVSML, which will ... More


Century Textiles: Cutting off shipping
THE proposal of Century Textiles to let go of its shipping business may not lead to any significant improvement in the valuation of the stock. The company's plan to sell its two ships may lead to certain cash inflows, which may be used in ... More

TVS Motor: Bankrolling a buyout
THE open offer for Harita Finance by TVS Motor Company may not have much of a bearing on the stock price. The cash outflow of the order of Rs 6.5 crore for this purpose would be comfortably met. The associates of TVS Motor hold 49.7 per cent and ... More


Govt allocates Rs 300 cr to UTI
THE Government has provided Rs 300 crore to Unit Trust of India to help meet the shortfall between the assured repurchase prices and the net asset value. The support to UTI will ensure that any redemption made at prices higher than the NAV of ... More


Narrow movement
TUESDAY'S trading witnessed narrow movement. Neither the bulls nor the bears could gain much from the day's trading. The sentiment reading of the tradable counters remains neutral. Bear domination on Wednesday is likely to change the sentiment ... More


Assocham move to revive regional exchanges
THE Associated Chambers of Commerce and Industry of India (Assocham), New Delhi, has identified `revival of Regional Stock Exchanges' (RSEs) as one of the key components of efforts to revive the capital markets at large. The premier industry ... More

OTCEI to strengthen trading arm
THE Over The Counter Exchange of India appears to be taking a fresh look at identifying channel partners for its trading subsidiary, OTCEI Securities Ltd (OSL). It recently invited applications from such partners in an effort to secure a bigger ... More


JB Chem up on patent hopes
THE stock of Mumbai-based JB Chemicals and Pharmaceuticals has been on the rise for the past one month on the bourses due to positive developments on the research and development front. The share price has gone up by around 34 per cent since ... More

BPCL, HPCL stay active
THE euphoria in the two petroleum majors — BPCL and HPCL — is expected to continue till the disinvestment process in these companies is over. After the disinvestment of IBP, the market is expecting a price in the range of Rs ... More


Long position in Satyam calls may pay
TUESDAY'S trading in the derivatives segment at the NSE saw most equity calls end in the negative territory. Here are some buy/sell strategies based on the day's trading: Equity options: After a short upmove intra-day, Satyam ended ... More


Portfolio investments -- Inter-ministerial group to review FII sectoral limits
THE Finance Ministry will constitute an inter-ministerial working group to review the sectoral limits for portfolio investments by foreign institutional investors (FIIs). The panel will be headed by Dr Rakesh Mohan, Economic Advisor to the ... More


Infotech stocks save the day; cement, FMCG slip
TRADING at the Bombay Stock Exchange continued to languish for the second day this week, as traders booked profits amidst the communal crisis in Gujarat and a few dividend-announcing companies retraced the gains that they made on Monday. ... More
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