The Hindu Business Line : Tuesday, April 08, 2003

MFs can invest up to 10 pc in foreign equities
CLOSE on the heels of the Government's decision to allow mutual funds to invest in equity of listed overseas companies, the Securities and Exchange Board of India (SEBI) has announced new guidelines on investments by mutual funds, permitting them ... More

Chola to launch dividend yield fund
CHOLA Mutual Fund plans to launch a new open-ended equity scheme called the Chola Dividend Yield Fund, which intends to generate long-term capital appreciation and dividend income by investing in stocks that have relatively high dividend yields ... More

TECHNICAL ANALYSIS

Bull onslaught
BULLS were in total command of Monday's trading activity. Their dominance for the fourth successive trading day left the bears stranded. The sentiment reading of the tradable counters stands absolutely bullish. In the normal course of trading on ... More

STOCK EXCHANGES

SEBI supersedes Pune exchange
THE Securities and Exchange Board of India (SEBI) has superseded the board of Pune Stock Exchange (PSE) and has appointed Mr B.D. Banerjee as the administrator of the exchange. SEBI's move to supersede the board follows investigation into the ... More

STOCK MARKETS

Fund interest boosts volumes in Britannia
BAKERY products major Britannia Industries today witnessed large volumes on the bourses on sustained market interest. Commenting on the large volumes at the counter, brokers said that there was fund buying at the counter. "Given the current ... More

ITC gains on talk of price hikes
THE stock price of cigarette major ITC gained on Monday with good purchases in the counter by both the domestic and foreign institutional investors. Dealers said the rise in the stock price was following talks in the market that cigarette ... More

Himachal Futuristic gains over 50 pc
AFTER a sharp fall last month, the stock price of Himachal Futuristic Communication Ltd (HFCL) has gained over 50 per cent in the last one week on talks that a leading market player is buying the shares from the market. The active interest in ... More

DERIVATIVES MARKETS

Outlook on ACC positive, buy April 150 calls
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Equity options ACC: The outlook on this stock is positive. The upside price target is Rs 155. The risk is that the stock may decline ... More

COMMENTARY

Infotech stocks in sharp focus ahead of results
WITH the war in Iraq reaching a decisive phase and the possibility of the US-led coalition forces taking control of the Central city of Baghdad, the uncertainty in the markets eased a bit more during the first trading session of this week. ... More

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