Financial Daily from THE HINDU group of publications
Friday, April 04, 2003
Markets (April 3)
BL 2501060.55 (+11.83)
BSE Sensex3151.16 (+34.17)
S&P CNX Nifty1009.15 (+9.75)
Dollar (Buy/Sell)47.36/47.49
Gold Std (10 gm)5155

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Equity Intelligence opens shop in Kochi
EQUITY Intelligence India Pvt Ltd has commenced operations in the State, imparting discretionary Portfolio Management Services to the high net worth individuals. "Unlike the general perception, there is a whole lot of equity based activities ... More


Corporates, institutions join US-64 units rush
SEVERAL corporates and large investing institutions are actively buying US-64 units - cash income (CI) Rs 12 and CI Rs 10 - from the secondary market with trading in the most popular mutual fund unit in the country crossing 20 lakh units ... More

Last date for MF distributors' certification put off
FOLLOWING the representations from the mutual funds (MFs) and their distributors, the Securities and Exchange Board of India (SEBI) has decided to extend the time limit prescribed for the intermediaries engaged in the distribution of MFs to clear ... More


Bulls sustain
BULLS extended their sway over Thursday's market activity despite a tug of war from bears. Bears could not put a stop to the bull move. Bull move during the day led to the initiation of uptrend in many counters. More


Interest in Mafco lifts ITC stock
THE ITC stock today saw return of some buying interest on the major bourses. According to brokers, ITC's reported expression of interest for a strategic stake in Mafco Ltd, a Maharashtra government-owned food processing company, has served as a ... More

L&T scrip range-bound
THE continuing impasse regarding the de-merger of its cement division has resulted in the L&T stock trading in a range. Brokers said that market sentiment remains subdued in both L&T and Grasim counters, following Grasim Industries' indication ... More

Syndicate Bank stock fancied
SYNDICATE Bank stock is being accumulated by a section of the market players over the last few days. Dealers said these players are accumulating the stock for a leading corporate house's finance company. One of the factors for this is that the ... More


Nifty: Outlook positive, buy April 1010 calls
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Equity option: L&T: The outlook on L&T appears negative. The downside price target is Rs 170. The risk is that the stock may trade ... More


Canbank AMC sees assets swell to Rs 1500 cr
CANBANK Investment Management Services Ltd, the asset management company (AMC) for Canbank Mutual Fund, expects to swell its assets under management at least to Rs 1,500 crore in the current year, according to the Managing Director, Mr N.R. ... More


`Put out price sensitive info on time'
THE Securities and Exchange Board of India (SEBI) has urged listed companies and stock exchanges to disseminate all the price sensitive information to the investment community ``in time'' to check insider trading in stock market. "With ... More

Violations in Damania Airways acquisition norms — Tribunal debars NEPC from entering market
JUSTICE may have been long delayed but it has certainly not been denied to the shareholders of Damania Airways, who had surrendered their shares in response to the open offer announced by the promoters of the Coimbatore-based NEPC Ltd way back in ... More


Consumer durable, PSU scrips share limelight
INVESTOR confidence appears to be recovering as the markets moved northward for the third consecutive day. The rise was higher in the BSE compared to the NSE. The BSE Sensex closed 1.10 per cent higher at 3151.16 points and the NSE Nifty ... More
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