The Hindu Business Line : Tuesday, June 17, 2003

SBI Mutual to ride on parent's network
SBI Mutual Fund is making fresh moves to ride on State Bank of India's branch network. There are efforts to tie up with the associates of the parent bank as well. The fund, now being overseen by a set of new office-bearers, has proposed to use ... More

IL&FS plans equity-based dynamic fund
IL&FS Mutual Fund plans to launch a new open-ended equity scheme, called the IL&FS Dynamic fund, in the first week of August this year. The Dynamic Fund intends to generate returns by investing primarily in equity and equity-related instruments ... More

TECHNICAL ANALYSIS

Bears prevail
BEARS managed to gain control of Monday's trading activity. For the second successive trading day the prices of the tradable counters moved within a close band. The sentiment reading of the tradable counters stands mildly bearish. Bull domination ... More

STOCK MARKETS

AMR initiative drives Emco up
WITH most of the power sector stocks rising, companies associated with the power sector are witnessing a lot of interest from market players. Among them is Emco Ltd, a company dealing with power transformers and meters. On Monday, the stock was ... More

Optical fibre stocks rally on global positive outlook
STOCKS of optical fibre manufacturing companies rallied on the bourses on Monday with a positive outlook emerging globally for the sector, which has been in the doldrums for a couple of years. The optical fibre sector has witnessed some rough ... More

Talk of fresh orders boosts Sesa Goa
THE Sesa Goa stock scaled a 52-week high on Monday on reported buying by mutual funds and resumption of trading interest. However, it finished slightly lower than the day's peak of Rs 159.70. From a 52-week low of Rs 57, recorded on November 7, ... More

DERIVATIVES MARKETS

Reliance: Outlook negative, short July futures
THE following strategies are based on Monday's trading at the derivatives segment on the NSE: Equity options Reliance Industries: The outlook on this stock is negative. The downside price target is Rs 275. Momentum trading may ... More

COMMENTARY

Domestic pharma, select mid-cap stocks firm
SNAPPING the three-day rally, the benchmark indices ended the Monday's trading on a weak note. The Sensex declined 17.5 points to close at 3336.64 while the Nifty declined by 4.4 points to 1051.8. The weakness in index heavyweights Reliance ... More

IPOS

Rush for Maruti IPO continues
MARUTI Udyog Ltd's (MUL) public issue continued to receive good response from the investor on the fourth day on Monday, with the issue over-subscribed by over four times with maximum bids received at Rs 120 per share. The issue opened on June ... More

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