The Hindu Business Line : Tuesday, January 28, 2003

Benchmark lines up one more ETF
BENCHMARK Mutual Fund has lined up an exchange-traded fund (ETF) based on the technology index of the National Stock Exchange (NSE). The Information Technology Benchmark Exchange Traded Scheme (in short, i-Tech BeES), as the scheme has been ... More

US-64 can be converted to tax-free bonds
UNITS of US-64 can be converted into tradable five-year tax-free Government bonds from June 1. In a notice to the National Stock Exchange, UTI on Monday said ``units of Unit Scheme 64 issued on or before June 30, 2001 either held by original ... More

TECHNICAL ANALYSIS

Steep fall
BEARS were in total control of Monday's trading activity. Stock prices across the board fell drastically. Bulls were unable to make any impact during the day's trading. The sentiment reading of the tradable counters remains strongly bearish. Bull ... More

STOCK EXCHANGES

New Chairman for Cochin SE
THE Cochin Stock Exchange has elected retired Mr Justice John Mathew as its new Chairman. Mr Mathew is one of the public representatives on the 13-member board of the exchange. The other public representatives on the board are Mr K.L. Kumar, ... More

STOCK MARKETS

FII grabs ITC
ITC was in demand among foreign investors on Monday. Dealers said a leading FII was believed to have bought a large chunk of ITC shares on the NSE through block deals, pushing up trading volumes on the NSE; about 5.44 lakh shares were traded on ... More

Alliance picks nosedive
THE stock prices of leading IT and media companies have been severely impacted in the past one week due to redemption by Alliance Capital. Shares such as Digital Global, Polaris, Hinduja TMT, United Phosphorus, Balaji Telefilms, Trent and ... More

BPCL falls 6.6 pc
BHARAT Petroleum Corporation Ltd (BPCL) fell today by 6.6 per cent on the BSE to Rs 200.40 from the previous day's close of Rs 213.65 per share on news that the company's shares would be disinvested at a discount to market price. On the NSE, ... More

IBP tumbles on weak numbers
THE IBP stock was hammered on the bourses today post-announcement of its third quarter financial performance on Friday. The stock plummeted by about 7.32 per cent on the BSE ending the day at Rs 218.40. On the NSE, the stock declined 7 per cent ... More

DERIVATIVES MARKETS

Infy: Outlook negative, buy Feb 4300 puts
THE following strategy is based on Monday's trading in the derivatives segment on the NSE: Equity option: The outlook on Infosys is negative. The downside price target during the target trading-horizon of 21 days is Rs 4100. The risk is ... More

COMMENTARY

War fears assault sentiment — Telecommunication stocks resolute
THE looming threat of a war in the Middle East, with the current heightening of the standoff between the US and Iraq, lead to a further slide on the domestic bourses on Monday. The expectations of a war have increased with the discovery of a few ... More

IPOS

Maruti IPO to hit market in March
The public issue will mark the second stage of divestment after Suzuki Motor Corp acquired management control last year. More

Radaan Media to raise Rs 10.85 cr through IPO
RADAAN Mediaworks (I) Ltd, the city-based television content company promoted by actress Ms R. Radikaa, is entering the capital market to raise Rs 10.85 crore through an initial public offer. The company is offering 27.12 lakh equity shares to ... More