Financial Daily from THE HINDU group of publications
Friday, April 05, 2002
Markets (April 4)
BL 2501169.01 (+13.12)
BSE Sensex3512.55 (+49.56)
S&P CNX Nifty1145.90 (+22.40)
Dollar (Buy/Sell)48.85/48.98
Gold Std (10 gm)5030 (-30)

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Sterlite signs HZL deal; open offer in four days
STERLITE Industries today signed the transaction document with the Union Government for acquiring 26 per cent stake in Hindustan Zinc Ltd (HZL). The company will make actual payment of Rs 445 crore for the acquisition on April 11. The ... More

LIC sells 5.76% stake in Cadbury
MUMBAI: The Life Insurance Corporation of India (LIC) has sold 20,56,448 equity shares of Cadbury India Ltd at Rs 500 per share constituting 5.76 per cent of the paid-up capital of the company. This had been done in terms of the open ... More


UTI board to decide on RIL investment probe
THE board of the Unit Trust of India will take a final view at its meeting on April 11 on whether to refer to a pre-investigative body, the controversial private placement aggregating over Rs 1,000 crore made by the trust in Reliance Industries ... More

UTI: Govt help on redemptions sought
NEW DELHI: THE Unit Trust of India (UTI) has approached the Government for support, considering that several of its Monthly Income Plans (MIPs) are due for redemption this year. One of its MIPs is due for redemption this month and the UTI has ... More

Equity funds register 21.54 pc returns
DESPITE difficult conditions, equity markets seem to be the best bet for investors. Equity funds have posted average returns of 21.54 per cent for the one-year period ended March 31, 2002. According to Crisil, the one-year average returns of ... More


Bull domination
BULLS were in total control of Thursday's trading activity. Bull domination led to the termination of the most of the downtrend counters in the tradable list. The sentiment reading of the tradable counters stands neutral. Bull domination on ... More


Huge buying interest in Reliance counter
THE counter of Reliance Industries attracted a lot of attention on Thursday. Dealers said the counter witnessed buying, mainly from foreign institutional investors (FIIs). The recent hike in the prices of polymer, polyester and fibre ... More

Tata Infotech up on consolidation talks
THE share of Tata Infotech Ltd has been in the limelight in the past few days, witnessing an increased activity on expectations of a likely consolidation of Tata group IT services companies under one umbrella. Today, the stock closed at Rs 274 ... More


Long calls on Satyam may be profitable
MOST equity and index calls ended the day higher on the NSE. The following are some buy/sell strategies based on the day's trading: Equity options: April calls on Satyam ended higher, with the April 260 calls clocking the highest ... More

Futures settlement norms being debated
THE Securities and Exchange Board of India (SEBI) is considering the modalities for the settlement of individual stock futures and options in the physical form including clubbing the settlement with the cash market. There are various issues on ... More


FII holding in ICICI reaches ceiling cap
THE Reserve Bank of India (RBI) has said that the foreign institutional investor (FII), non-resident Indian (NRI), persons of Indian origin (PIO) holdings in ICICI Ltd have reached the over all ceiling of 49 per cent of its equity ... More


Listing norms to be reviewed: Bajpai
THE Securities and Exchange Board of India Chairman, Mr G.N. Bajpai, has said the SEBI board will undertake a review of some of the regulations governing listing norms and corporate governance. He said these include the mandatory 30-day notice ... More


Recovery in heavyweights lifts Sensex
SPURRED on by a renaissance in index heavyweights and select State-run counters, the Bombay Stock Exchange's flagship index surged by 49.56 points to finish at 3512.5 on Thursday. Positive sentiment prevailed on the heels of fundamental ... More


NTPC mulls IPO route for capacity addition
THOUGH the National Thermal Power Corporation (NTPC) is not currently hamstrung by any liquidity crunch in its day-to-day activities, the premier Central utility may have to go in for a fresh infusion of funds through the public issue route to ... More
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