The Hindu Business Line : Tuesday, October 21, 2003

Global funds attracted by `low valuations'
THE country has become one of the hottest investment destinations for global fund managers this year due to under-valuations of Indian equities compared to those in other equity markets. However, India is not the only country in Asia, which has ... More

Deutsche Mutual eyes portfolio service
DEUTSCHE Mutual Fund will soon offer portfolio management services as part of its plan to cater to the bulge-bracket segment. The fund, which currently manages about Rs 2,280 crore, has identified what it feels is a "strong demand" for a ... More

STOCKS

Sundram Fasteners mulls stock split
SUNDRAM Fasteners Ltd's board will meet on October 29, to consider splitting of existing equity shares of Rs 10 each. The board will also consider a proposal to merge TVS Autolec with the company. "What the shares would be split into is ... More

TECHNICAL ANALYSIS

Bear domination
BEARS gained control of Monday's trading activity. Bulls were unable to make any impact during the day's trading. Monday's market action resulted in terminating most of the uptrend counters. The market sentiment reading of the tradable ... More

STOCK MARKETS

Profit-booking snaps rally; Sensex down 78
AFTER fuelling rallies in a wide range of stocks over most of the past week, investors stopped to book profits today pulling down benchmark indices. Analysts dubbed the steep fall in the BSE Sensex and the NSE Nifty indices as "expected ... More

Matrix Labs scales year high
THE Matrix Laboratories stock on Monday touched a new 52-week high to close at Rs 993.25, up 0.7 per cent on the Bombay Stock Exchange (BSE). The scrip scaled an intra-day high of Rs 1,005.75, but could not sustain it till the end. The stock ... More

MF sells index stocks
A LARGE domestic mutual fund is said to have sold stocks from its index fund on Monday on a large scale. While other mutual funds were also said to be booking profits at many counters, this fund, with about Rs 150 crore invested in index ... More

Hindalco forges ahead on global metal prices
WITH the commodity cycle being on an uptick, the stock of Hindalco Industries witnessed sustained buying on the bourses, with the counter hitting a 52-week high intra-day on the BSE. Brokers said one of the key drivers of the Hindalco stock ... More

DERIVATIVES MARKETS

Outlook positive on Canara Bank, MTNL
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Equity options Canara Bank: The outlook on this stock is positive. The upside price target is Rs 161. The downside risk level is Rs ... More

COMMENTARY

Tech majors end in negative terrain
THE benchmark indices opened firm on Monday but slid to the negative territory owing to weakness across sector. Markets were news-driven with stocks movements influenced either by announcements or anticipation of results. The BSE Sensex closed ... More

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