Financial Daily from THE HINDU group of publications
Thursday, January 30, 2003
Markets (Jan. 29)
BL 2501094.82 (-2.54)
BSE Sensex3238.02 (-29.82)
S&P CNX Nifty1037.20 (-9.00)
Dollar (Buy/Sell)47.77/47.90
Gold Std(10gm)5915 (+35)

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MFs may not hurry to invest in overseas cos
MUTUAL funds are unlikely to come to the Government and the Reserve Bank of India (RBI) assistance in their ongoing efforts to reduce the swelling foreign exchange reserves. The industry feels that the depressed overseas capital markets, coupled ... More

MFs' stake in VisualSoft up
MUTUAL Funds have increased their exposure in the Hyderabad-based VisualSoft Technologies Ltd from 7.54 per cent to 10.41 per cent during the quarter ended December 31, 2002. While Birla Sunlife Trustee Company Ltd. has accumulated about 2.02 ... More

Birla MF launches dividend yield plan
Birla Sun Life Mutual Fund has launched Birla Dividend Yield Plus, an open-ended scheme that aims to provide capital growth and income by investing primarily in well-diversified portfolio of dividend paying companies, which have a relatively high ... More

Shareholding changes in DSP-Merrill MF
DSP Merrill Lynch Ltd Mutual Fund has informed investors about modifications in its shareholding structure, in view of which certain changes have been made in its schemes. The move has stemmed from the need to "simplify the overall group ... More


Bear dominates the day
BEARS gained control of Wednesday's trading activity. Their dominance left the bulls with no opportunity to recover during the day's trading. The market sentiment reading of the tradable counters remains bearish. Irrespective of bull or bear ... More


War rhetoric rattles mood
THE prospect of a war in Iraq again rattled the markets on Wednesday. The stepping up of rhetoric against Iraq by the US President has led to a steady fall in the key market indices worldwide. Click here for ... More

FI fancies Hero Honda
HERO Honda has been attracting buying interest over the past few days. According to dealers, while a particular foreign institutional investor is exiting, a large domestic financial institution is seen to be keen on the company. Even on ... More

Mahajan exit news lifts MTNL
MTNL and Bharti Tele-Ventures gained momentum on the bourses today following reports of a change of guard at the IT and Telecom ministry. MTNL saw an upside of 16-18 per cent on the bourses today while Bharti Tele gained about 8 per cent. ... More

SEBI to ask RBI for more ETF centres for T+2
THE Securities and Exchange Board of India has said it would request the RBI to extend the number of centres having Electronic Fund Transfer (EFT) to at least 100 by April 2003 and ensure that all branches in these centres have EFT facility for ... More


Tisco: Buy Feb 160 calls
THE following strategy is based on Wednesday's trading in the derivatives segment on the NSE: Equity option: The outlook on Tata Steel appears positive. Two factors that suggest as much are the sharp increase in the call ... More
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