Financial Daily from THE HINDU group of publications
Saturday, August 03, 2002
Markets (Aug. 2)
BL 2501047.30 (+3.11)
BSE Sensex2985.01 (+9.20)
S&P CNX Nifty954.75 (-2.95)
Dollar (Buy/Sell)48.61/48.74
Gold Std (10 gm)5070 (+60)

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SEBI mandates MF trustees to meet once in 2 months
THE Securities and Exchange Board of India (SEBI) has tightened the noose around trustees of mutual funds by making it mandatory for them to meet at least once in every two calendar months. Further, the trust deed of mutual funds would now ... More


Volatile movement
FRIDAY'S trading activity witnessed volatile movement. Bears extended their pressure over the initial hours of day's trading. Later on, bulls made strong comeback and recouped their losses. Neither the bulls nor the bears could gain much from the ... More


ITC gains on talk of UTI offloading
THE share price of cigarette major ITC Ltd share rose sharply today on reports of that the Finance Ministry favoured the sale of UTI's stake, around 12 per cent, in the company. On the BSE, the scrip closed 5.67 per cent higher at Rs 674.50. On ... More

Buyback note leads to spurt in D-Link India
THE share price of networking company D-Link India Ltd rose by 10 per cent on Friday on the back of the announcement that the company's board would consider a buyback offer at its meeting next week. D-Link's share price closed at Rs 65.65, ... More

Trent up on FDI hopes
TRENT has been in the limelight in the last couple of days. On Friday, the stock gained 5.74 per cent to touch Rs 140, with volumes of 19,300 on the BSE. On the NSE, it rose 5.45 per cent to Rs 140.10 with volumes of 33,998 shares. The share ... More

Sensex bounces back after hitting depths
DESPITE weak sentiment in the past few days due to the worsening drought-like situation, the stock market recovered on Friday from the day's low levels due to active institutional buying. The 30-share benchmark sensitive index (Sensex) of the ... More


SEBI cautions Jardine Fleming
THE Securities and Exchange Board of India (SEBI) has warned foreign broking firm Jardine Fleming India Broking Ltd (JFIBL) and FII Fledgling Nominees International (FNIL), part of the Jardine Fleming group, for unusual transaction in the State ... More


Scattered rains revive FMCG, cement stocks
AFTER three successive days of decline, the BSE Sensex finally ended in the positive territory on Friday. The BSE Sensex closed for the day at 2985.01 points, gaining 9.20 points during the day's trading. However, most of the gains in the Sensex ... More
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