Financial Daily from THE HINDU group of publications
Friday, August 09, 2002
Markets (Aug. 8)
BL 2501045.55 (-16.73)
BSE Sensex2950.09 (-59.39)
S&P CNX Nifty953.55 (-15.55)
Dollar (Buy/Sell)48.61/48.74
Gold Std (10 gm)5170 (+70)

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GoM endorses US-64 bail-out, UTI revamp
THE Group of Ministers (GoM) has endorsed the proposal for a bail-out of US 64 and restructuring of the Unit Trust of India. The proposal will now be considered by the Cabinet Committee on Economic Affairs (CCEA) for final approval. According ... More

Big investors take large pie in HDFC index funds
IN what seems to establish the perception once again that some large investors are on the prowl, a single entity holds as much as 36.6 per cent in the Nifty Plan of the recently-launched HDFC Index Fund, while another accounts for 32.9 per cent ... More


Bear domination
BEARS were in total control of Thursday's trading activity. Their dominance left the bulls with no opportunity to recover. Bears gained substantially from the day's trading. The sentiment reading of the tradable counters stands bearish. Bull ... More


Tata scrips take a beating
LEADING Tata group companies took a hit today on the bourses following reports of the withdrawal of the controversial Ferguson report on Tata Finance as well as the resignation of Mr Y.M. Kale, author of the report and partner in the audit ... More

Tata Finance imbroglio — Weakness pronounced in 3 group stocks
THE problem over Tata Finance Ltd today triggered selling in the stocks of the Tata group companies on the major bourses. However, the weakness was pronounced in the Tata Steel, Tata Engineering and Tata Power stocks. Tata Steel declined by ... More

Sterlite Opticals under pressure
STERLITE Opticals has been continuously falling over the last few days. On Thursday, the stock was down 8.6 per cent at Rs 72.80 with volumes of 4.11 lakh shares on the BSE. On the NSE, it was down 9.01 per cent at Rs 72.75 with volumes of 4.99 ... More


Create call-futures on Reliance
THE following are some buy/sell strategies based on Thursday's trading in the derivatives segment at the NSE: Equity options: The outlook on Reliance Industries does not appear positive. On the upside, the stock may find resistance at Rs ... More


FII inflow down 80 pc so far this fiscal
WEAK international markets, war fears and the possibility of a drought this year have cost the country nearly Rs 10,000 crore in foreign institutional investment compared to the previous year. This fiscal year, until August 7, net FII ... More


Markets wilt under drought report
THE stock market sentiment turned distinctly bearish during Thursday's trading. Both the BSE Sensex and the NSE Nifty ended the day on a weak note. After a buoyant start at 3014.68, the Sensex weakened gradually as the day progressed. After ... More


`50 pc Union Bank IPO for retail investors'
THE Union Bank, which proposes to pick up Rs 288 crore from the capital market through its initial public offering, has decided that 50 per cent of the offering would be reserved for retail investors, defined as those who apply for less than ... More
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