The Hindu Business Line : Tuesday, April 22, 2003

FCB Ulka to spruce up UTI image
UTI Mutual Fund, which is managing all the NAV-based schemes of UTI, is planning a major campaign to boost its image. The country's largest mutual fund has hired FCB Ulka Advertising to undertake the campaign to rebuild the corporate brand, ... More

TECHNICAL ANALYSIS

Restricted movement
MONDAY'S trading activity witnessed narrow movement. Bulls managed to gain from the day's trading. However, the sentiment reading of the tradable counters continues to remain bearish. Bull domination on Tuesday is likely to neutralise the ... More

STOCK MARKETS

LIC hikes stake in 24 Nifty cos
THE increased interest in the equity market by Life Insurance Corporation of India (LIC) seems to have gained momentum in the last financial year with the insurance major turning out as one of the biggest investors in the stock market. This is ... More

Major purchases drive Tata Tea stock, volume
A HEAVYWEIGHT operator and a mutual fund reportedly made significant purchases in the Tata Tea stock today pushing up its prices and volumes on the major bourses. On the BSE, the stock moved up by around 3.6 per cent to close at Rs 204.15 and ... More

HFCL's GDRs converted into shares in six months
THE entire Global Depository Receipts (GDRs) of Himachal Futuristic Communication Ltd (HFCL) have been converted into local shares within six months. The GDRs, accounted for 38.76 per cent of the company's paid-up capital at the end September ... More

Buying interest in NIIT
THE counter of software services and training company, NIIT Ltd, witnessed significant buying interest on the bourses on Monday. According to dealers, private mutual funds were seen mopping up the company's shares. There was also some operator ... More

DERIVATIVES MARKETS

Satyam: Outlook positive, buy May futures
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Equity option: The outlook on Satyam is positive. The upside price target is Rs 190. The risk is that the stock may decline to Rs 140, its ... More

COMMENTARY

Buying interest in Reliance, HLL pushes Sensex up
AFTER a sharp decline on the last trading day of the previous week, the benchmark BSE Sensex traded in a narrow band and rose marginally on Monday. The buying interest witnessed by index heavy weights Hindustan Lever and Reliance ... More

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