The Hindu Business Line : Friday, November 08, 2002

Barjeel extends reach to US, Europe via Refco tie-up
BARJEEL Securities, the joint venture between Indian firm Geojit Securities and Al Saud Group of Sharjah, has entered into a strategic relationship with the financial services organisation, Refco Group Ltd, US, to offer trading in the US and ... More

MUTUAL FUNDS

UTI staff resent `transfer' move
JUST when it appeared that Unit Trust of India (UTI) had left behind its train of troubles, employees of the country's largest mutual fund have decided to up the ante of what was until now a low-key protest against "privatisation". UTI ... More

Tech schemes lag BSE IT index: Crisil
On the equity side, the narrow indices such as Nifty and Sensex continued to underperform the broader indices — the Nifty one year point-to-point return was negative 2.10 per cent while CNX Midcap 200 gave returns of 20.63 per cent. More

Chola MF plans scheme on capital protection plank
CHOLAMANDALAM Mutual Fund is set to be the first asset management company to tee off a scheme with provision for capital protection. The plan is in the final stages of completion and the fund will shortly seek approval from the Securities and ... More

`Mutual funds sector poised for growth'
THE Indian mutual funds business is expected to grow significantly in the coming years due to a high degree of transparency and disclosure standards comparable to anywhere in the world, though there are many challenges that need to be addressed ... More

TECHNICAL ANALYSIS

Volatile Movement
MARKET movement on Thursday was volatile. Neither bulls nor bears could establish clear market direction in their favour. However, the sentiment reading of the tradable counters stands bullish. Bear domination on Friday is likely to neutralise ... More

STOCK MARKETS

Funds losing fancy for Bajaj Auto
BAJAJ Auto has been declining in the past few days. Market sources said that a prominent foreign financial institution and UTI had been major sellers in the counter. It seems the auto sector is losing some of the sheen it got after a spurt in ... More

DERIVATIVES MARKETS

Outlook on ACC positive
THE following are some buy/sell strategies based on Thursday's trading in the derivatives segment at the NSE: Equity options: ACC: The outlook on the stock is positive. The upside price projection is Rs 170, while the downside ... More

COMMENTARY

PSU stocks reel under selling pressure
THE benchmark BSE Sensex traded in a narrow band on Thursday and closed lower for the second trading day in a row. Selling pressure witnessed by the public sector units (PSUs) appears to be the reason for the decline as the disinvestment row ... More

ECONOMIC OFFENCES

CSE probe: Bail plea of ex-MD of SHCIL rejected
MR S.C. Misra, the Chief Metropolitan Magistrate (CMM) of Kolkata, has rejected the bail prayer of Mr B.V. Goud, former Managing Director of Stock Holding Corporation and Mr S.N. Pal, Senior Vice-President of IndusInd Bank, and remanded them to ... More

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