The Hindu Business Line : Wednesday, February 06, 2002

Open offers to be made at bid price
INDIAN Oil Corporation (IOC) and Panatone Finvest (a Tata group company) will have to make open offers for buying 20 per cent stakes of IBP Co Ltd and VSNL held by the public at their respective bid prices of Rs 1,551.25 per share for IBP and Rs ... More

MUTUAL FUNDS

AMC promoters to infuse more equity
METROPOLITAN Life Insurance Company Ltd (MetLife), the US-based life insurance major, and Investec Asset Management Ltd, the UK-based global investment manager with an asset base of $25-billion, have evinced interest in pumping in further funds ... More

Crisil assigns AAAf to First India income fund
CRISIL has assigned an AAAf rating to First India income fund, which will open for initial subscription tomorrow (February 6). The rating indicates that the fund's holdings will provide strong protection against losses from credit ... More

TECHNICAL ANALYSIS

Restricted movement
FOR the third successive trading day, the market moved within a close band on Tuesday. The market sentiment reading stands mildly in favour of the bears. In the normal course of trading on Wednesday, the prevailing bearish sentiment is likely to ... More

STOCK EXCHANGES

Nasdaq to update trading platform
NASDAQ, the US-based global leader in the electronic-based trading market, is preparing the ground to launch the next-generation market platform, `SuperMontage'. The new platform, which uses a redesigned Nasdaq Workstation-II to include the new ... More

STOCK MARKETS

Zee Tele back in favour
THE Zee Telefilms Ltd (ZTL) counter, the worst Sensex performer in 2001 (down by 60 per cent), is active again. On Tuesday, it closed at Rs 132.10 on the NSE, up from the previous day's close of Rs 129.25 with volume of 59.02 lakh shares. On BSE, ... More

IBP divestment a 'major boost' for BPCL, HPCL market ratings
IBP's disinvestment process, which concluded on Tuesday with the official announcement granting 33.58 per cent stake to IOC, is seen to improve the ratings for upcoming candidates, BPCL and HPCL. With IBP shares getting a premium of 80 per ... More

Block deals in BSES
It appears so looking at the trading pattern and volume of shares. BSES shares have been attracting a lot of interest from a section of the market in the last few days. Dealers say a big corporate house is buying shares from the market. ... More

COMMENTARY

Selling Satyam 260 calls may pay
ON the second trading day of the week the option market for individual stocks at the NSE saw most of the calls losing value. The top traded equity options were on Satyam Computers, Reliance Petroleum and Sterlite Opticals among others. As ... More

MNC pharma cos, IBP sizzle in dull trade
The upbeat mood on most of the public sector stocks was more or less offset by a slump in index heavyweights — Reliance Industries and Reliance Petroleum. Both together constitute about 17 per cent of the Sensex. More

Mascot up on corporate news?
THE stock of IT firm Mascot Systems is riding high these days. Market sources reckon that a major corporate development is expected to be announced shortly. However, no details are available. The share price of Mascot Systems is moving up in the ... More

Stock Quotes
SE Diary

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

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In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Jan. 27-Feb. 2
Institutional directors of Govt cos 'independent'

Reviving the market by IPOs

UTI writes off 50% of NPAs in monthly plans