The Hindu Business Line : Friday, October 10, 2003

Equity funds' returns on the rise
RETURNS are coming in thick and fast for investors in select broadbased equity funds, some of which have managed to bring home around 100 per cent returns in the past six months or so. The rising indices — the Sensex currently hovering ... More

UTI money market fund declares dividend
UTI Money Market Fund has declared weekly dividend at Re 0.01 per unit on a face value of Rs 10. This works out to a tax-free annualised return of 5.33 per cent to the investors and 6.02 per cent annualised outflow for the scheme, a UTI press ... More

TECHNICAL ANALYSIS

Bull domination
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 continues to remain bullish. Bear domination on Friday is likely to change ... More

STOCK EXCHANGES

BSE to issue fresh membership cards
WITH stock market booming and stock broking business turning around after two years, Bombay Stock Exchange (BSE) has decided to admit fresh members to the exchange. According to BSE officials, the exchange plans to issue 27 corporate ... More

STOCK MARKETS

Tata Chem retains steam
THE Tata Chem stock today continued to surge ahead on major bourses, apparently on value buying. According to dealers, a big broking house is currently picking up the stock on behalf of a Singapore-based hedge fund. A dealer in an institutional ... More

Sterlite Ind hardens on acquisition plans
REPORTS that Sterlite Industries has approached the Government to pick up an additional 18 per cent stake in Hindustan Zinc saw the stock of the company gain momentum, hitting a 52-week high of Rs 724.75, intra-day, on the BSE. Sources said ... More

The auction effect on ACC
THE share price of cement maker ACC was beaten down on Thursday after it was widely reported that LIC was the sole bidder for the 10 per cent stake put on sale by the Custodian of deceased stockbroker Harshad Mehta's estate. Market sources said ... More

DERIVATIVES MARKETS

Maruti: Outlook positive, buy Oct futures
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Equity options Maruti Udyog: The outlook on this stock is positive. The upside price target is Rs 300. The downside risk level is Rs ... More

COMMENTARY

Traders develop cold feet at 4700+ levels
WITH continued buying support in key pivotals and information technology stocks, the indices posted gains at the close of Thursday's trading too. However, most of the gains were recorded during the first few hours of the day's session on both ... More

IPOS

UCO Bank debuts in style — Share closes at Rs 19.60 on the NSE
NEWCOMER UCO Bank stepped into a euphoric bull market today, the stock debuting at a 43 per cent premium to its issue price of Rs 12. The UCO Bank share began trading at Rs 17.25 but steadily rose to touch Rs 20.45, before settling back to ... More

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