The Hindu Business Line : Friday, June 13, 2003

Sundaram MF waives entry loads for 3 schemes
SUNDARAM Mutual Fund has waived the entry load on three of its equity schemes for an investment above Rs 25,000, thereby, reducing the cost associated with investment in its equity funds. Sundaram's media release indicated that Sundaram Select ... More

TECHNICAL ANALYSIS

Bulls gain control
BULLS gained control of Thursday's trading activity. Bears were unable to make any impact during the day's trading. The market sentiment reading of the tradable counters stands neutral. Bull domination on Friday is likely to change the sentiment ... More

STOCK MARKETS

Power reforms electrify equipment stocks
THE Government's plan to augment generation capacity by one lakh mega watts over the next decade and an expected investment inflow of Rs 8 lakh crore for the power industry have helped boost the fortunes of power equipment companies on the ... More

Bonus, strategic tie-up talk lifts J&K Bank
THE stock of Jammu & Kashmir Bank (J&K Bank) was in the limelight on the bourses on Thursday, gaining almost ten per cent. And, once again it was speculation about the bank issuing a bonus and taking on a strategic equity partner that fuelled the ... More

Bailout talk back to lift IDBI
THE resurgence of rumours over a Government-sponsored bailout package for Industrial Development Bank of India (IDBI) being finalised brought back renewed interest in the stock. According to dealers, a foreign institutional investor (FII) ... More

Saw Pipes jumps on operator strength
THE Saw Pipes stock on Thursday surged ahead to record its 52-week high on the major bourses with substantial volume increase. According to market sources, a group of operators has picked up the stock despite the company's clarification to the ... More

DERIVATIVES MARKETS

M&M outlook positive, build June bull call-spread
THE following strategies are based on Thursday's trading at the derivatives segment on the NSE. Equity options M&M: The outlook on the stock is positive. The upside price target is Rs 145. The risk is that profit taking may push ... More

COMMENTARY

Tech stocks regain glory; auto, power remain firm
THE market gained consecutively for another day on Thursday. The benchmark indices were lifted by the firmness in the tech, power and auto stocks. The BSE Sensex opened firm at 3318.90 points on Thursday and closed the day at 3337.30, higher ... More

IPOS

Maruti IPO gets big response — Quotes above floor price; retail interest lukewarm
THE initial public offering (IPO) of Maruti Udyog Ltd met with an overwhelming response on the day of its opening today. It was oversubscribed 1.46 times at a price averaging 8.6 per cent higher than the floor price of Rs 115 per share, in the ... More

ECONOMIC OFFENCES

2 stock brokers remanded in Madhavpura case
THE Central Bureau of Investigation (CBI) has been granted five days remand of two stockbrokers arrested in Mumbai in connection with the Rs 1,030 crore Madhavpura Mercantile Co-operative Bank (MMCB) scam. The two brokers, Mr Shirish Manyar and ... More

Stock Quotes
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line