The Hindu Business Line : Wednesday, May 21, 2003

HSBC fund changes asset allocation patterns
HSBC Mutual Fund has announced changes in asset allocation patterns for its four schemes, considered necessary to meet the requirements of a dynamic market. The fund has given its investors an exit option, which can be utilised before May 30 at ... More

TECHNICAL ANALYSIS

Bull domination
BEARS were in control of the initial hours of Tuesday's trading. Later on, bulls took over and recouped their early losses. Tuesday's market action resulted in initiating the downtrend in a few counters. The market sentiment reading of the ... More

STOCK EXCHANGES

After 128 years, BSE gets ready for new name, structure
MEMBERS of Asia's oldest stock exchange, The Stock Exchange Mumbai (popularly known as the BSE), are expected to change the 128-year-old exchange's legal structure and name and call it BSE Ltd in keeping with its new corporate identity. The new ... More

Indonext: The RSEs' last battle?
REGIONAL stock exchanges (RSEs) are in the news again. A few southern RSEs are planning to form Indonext, a new exchange likely to be in line with the recommendations of the SEBI-appointed M. R. Mayya Committee, set up to suggest consolidation of ... More

STOCK MARKETS

Who's buying into Daewoo India?
Even as the court-appointed liquidator has taken possession of the assets of Daewoo Motors India Ltd (DMIL), there is a sudden buying interest at the Daewoo counter, albeit without a corresponding increase in the price. On Monday, even while ... More

RBI okays direct investment in overseas listed cos
THE Reserve Bank of India (RBI) has now operationalised a slew of big-bang measures that were announced by the Finance Minister, Mr Jaswant Singh, in January this year to bring about further flexibility in capital account transactions and further ... More

Orchid Chem looks up on good returns
EXPECTATIONS of good revenue returns from the regulated markets are keeping the stock of the Chennai-based pharma company Orchid Chemicals & Pharmaceuticals Ltd on a high. The stock has zoomed by over 46 per cent in the last month and during ... More

Grasim hits 52-week high
SUSTAINED buying support resulted in the share price of Grasim hitting a new 52-week high at Rs 374.40 during mid-afternoon trades on Tuesday. Brokers said that technically the stock had been looking good for quite some time now and the ... More

`Scorpio' drives M&M to new high
MAHINDRA & Mahindra on Tuesday touched a new 52-week high at Rs 127.95, ahead of the company fourth quarter results. The results would be announced on May 31 and are expected to be good, dealers said. But the main factor for the interest in ... More

DERIVATIVES MARKETS

Open interest declines in May contracts
TURNOVER dipped at the derivative segment on the NSE on Tuesday to about Rs 2436 crore as against Monday's turnover of about Rs 2958 crore despite the market (particularly tech counters) recovered. Index futures: The May contracts were ... More

REGULATORY BODIES & RULINGS

Cyberspace: SEBI warns Prabodh Artha
THE Securities and Exchange Board of India today warned Prabodh Artha Sanchay Pvt. Ltd, a company allegedly involved in the share price manipulation of Cyberspace Ltd along with its promoter Mr Arvind Johari, to be "careful in future while ... More

COMMENTARY

OBC leads rally in public sector banks
THE yo-yoing sentiment in the market led to a partial recovery on Tuesday. Stock prices retraced some of the lost ground on the back of a rally in banking PSUs and old economy counters. Some of the major gainers during the day were public ... More

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