Financial Daily from THE HINDU group of publications
Wednesday, January 08, 2003
Markets (Jan. 07)
BL 2501130.59 (+0.32)
BSE Sensex3330.50 (-4.39)
S&P CNX Nifty1081.80 (-2.55)
Dollar (Buy/Sell)47.94/48.06
Gold Std (10 gm)5660 (-70)

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OFFHAND


Closing doors
EMBERS of the treatment meted out to Indians employed and settled down in Kenya, Uganda and Fiji, and the rising resentment in countries such as France and Germany against natives losing out to foreigners in the job market, are bound to be ... More

FINANCIAL SCAN


Will the Bush package make a difference?
AS this is being written, the US President, Mr George W. Bush, is readying an array of fiscal incentives to get the US economy moving into high gear. He has cause for concern. About a decade ago, his father won the war with Iraq on Kuwait ... More

REFLECTIONS


Laundering business
When Chaurasia went ahead to arrange for the venture capital funds, no bank thought Chaurasia to be a triple-rated customer. He finally put in Rs 10,000, Munna Rs 10,000 and Lachman Singh Rs 5,000 with none charging interest (the point may be noted b y bankers keen on funding small enterprises). They have also agreed to split profits on a pro rata basis. More

EAR TO THE GROUND


Hexaware up on order talk
HEXAWARE Technologies on Tuesday witnessed sharp rise in price on the back of higher volumes on talks that the company is likely to bag an order for its BPO business. About 60 per cent of the company's equity was traded on the BSE and the NSE. ... More

ON THE HEDGE


Buy Jan puts on HPCL, HLL
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Equity options HPCL: The immediate outlook on the stock is negative. An interesting factor is that the call implied-volatility is ... More

SENSOR


Infosys, HLL drag market; Reliance, ITC firm
THE benchmark BSE Sensex continued its southward movement on Tuesday and ended its third trading day in a row lower. The selling pressure witnessed by the Index heavyweights Infosys Technologies and Hindustan Lever appears to have ... More
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