The Hindu Business Line : Tuesday, September 23, 2003

Birla fund to shed IT image; embraces textiles & engg
BIRLA IT Fund, which now dons a new name, is undergoing changes. Its portfolio is being overhauled to reflect the altered investment objectives. The fund, recently re-christened Birla India Opportunities Fund (BOF), is shedding its IT ... More

Call to cut MFs' distribution cost
THE cost of the mutual fund industry's distribution chain needs to be reduced to protect investors' returns from debt-oriented funds as their yield is expected to fall. "Cost of distribution is very high today. It's okay for equity, not for ... More

TECHNICAL ANALYSIS

Bear domination
BULLS exerted pressure during the open of Monday's trading activity. Later on, bears made an instant recovery and took control of the day's proceedings. Neither the bulls nor the bears could gain much from the day's trading. The market sentiment ... More

STOCK MARKETS

Investors wary as stocks plunge
INVESTORS became cautious today as volatility gripped several counters and selling pressure on pivotal stocks brought benchmark indices down several notches. Wary dealers were making frantic calls through the day to determine the pulse of a ... More

Interest wanes in stocks pushed into trade-to-trade
WITHIN weeks of the BSE putting over 600 stocks in trade-to-trade segment, trading in a number of stocks has come down, brokers said. From the peak of trading in around 2,200 stocks on BSE in the beginning of this month, the number of stock ... More

Infosys gains on domestic backing
EVEN when there was heavy selling in key index stocks, software major Infosys Technologies bucked the trend. Dealers said there was select buying in the counter through a leading domestic broking firm. This firm is understood to have advised its ... More

ACC posts huge volume
RUMOURS that the 1.62-crore shares of Associated Cement Companies (ACC) held by the Harshad Mehta group entities are up for grabs, saw the company's stock register huge volumes on Monday. While the market is no stranger to this rumour, this ... More

DERIVATIVES MARKETS

HLL: Outlook positive, buy October 180 calls
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Equity options HLL: The outlook on this stock is positive. The upside price target is Rs 189. The downside risk level is Rs 167. ... More

COMMENTARY

Sensex plunges again, cement stocks up
THE markets once again ended on a choppy note after a brief pick-up on Friday. The 30-stock benchmark Sensex lost 1.55 per cent or 65.4 points to close at 4151.72 points. Among the sectoral indices, the BSE capital goods index held steady ... More

Stock Quotes
SE Diary

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