The Hindu Business Line : Thursday, January 09, 2003

UTI to wind up offshore fund
THE Unit Trust of India (UTI) has decided to completely wrap up its offshore India Access Fund, and partially liquidate the India Media, Internet and Communications Fund (IMIC), highly placed UTI officials told Business Line. India ... More

Alliance Mutual sells 2.22% stake in Mastek
ALLIANCE Mutual Fund has sold 3,10,000 shares of Mastek Ltd amounting to 2.22 per cent of the company's equity through the open market route. In a notice to the stock exchanges, Mastek said the shareholding after the sale was 7,90,333 shares ... More

TECHNICAL ANALYSIS

Bulls prevail
BULLS gained control of Wednesday's trading activity. Bears were unable to make any impact during the day's trading. Tuesday's market action resulted in terminating most of the downtrend counters in the tradable list. The market sentiment reading ... More

STOCK MARKETS

Exchange Traded Funds — Web of Spiders and Vipers beckons
AFTER nearly a decade of the bourses seeing few innovative products other than the derivatives, the Indian investors are about to embark on the complex world of Spiders, Vipers, WEBS, Diamonds and Cubes. Just last week, Prudential ICICI Asset ... More

Lupin Labs gains on stake sale talk
THE stock price of Lupin Laboratories continued to see an upward movement. In just a month's time, the stock has gained over 40 per cent. Rise in the stock price is attributed to a placement of Lupin shares with a major multinational pharma ... More

Crompton Greaves uptrend continues
CROMPTON Greaves has been moving steadily northwards in anticipation of the company posting good results in the third quarter of FY02, given the turnaround in its operations. The stock has seen a 16 per cent jump since January 3 to its current ... More

Megasoft delisting cleared
MUMBAI: Megasoft Ltd has informed the BSE that its AGM held on December 20, 2002 approved extension of Employees' Stock Purchase Plan 1999 to employees of its subsidiary companies. The shareholders also approved delisting of the company's ... More

Renewed buying lifts Lupin
THE Lupin Ltd scrip today recorded its 52-week high on the Bombay Stock Exchange at Rs 160.50 and finished at Rs 159.55 with a gain of 11.93 per cent. According to market insiders, the counter attracted operators' fancy on revaluation jig on ... More

DERIVATIVES MARKETS

Buy January 960 calls on Dr Reddy's Labs
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: Equity options Dr Reddy's Labs: The outlook on this stock is positive. The upside price target is Rs 989. The risk is that the ... More

COMMENTARY

Infosys, Reliance Ind, ITC propel Sensex
AFTER the correction that lasted for four consecutive trading days, the benchmark BSE Sensex closed higher on Wednesday. The buying interests witnessed by the counters of the index heavyweights Infosys, Reliance Industries and ITC ... More

ECONOMIC OFFENCES

Scam: Task force to monitor JPC proposals
THE Department of Company Affairs (DCA) has set up a task force under the chairmanship of Mr Rajiv Mehrishi, Joint Secretary in DCA, to take action on the recommendations and observations made in the Joint Parliamentary Committee (JPC) report on ... More

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