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Derivatives
players adopt new hedging strategies |
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With the cash market getting
increasingly volatile, straddle and strangle are the new most
preferred hedging strategies for the players in the fledgling
derivatives market. |
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Sebi
rejects Castrol (I) shareholders’ demand to extend open offer
date |
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The Securities and Exchange
Board of India has rejected the request of Castrol India Ltd
shareholders to keep the open offer for the company’s shares
open till the Mumbai High Court delivers its order on the controversial
issue of interest payable by the parent company. |
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Maharashtra
slashes stamp duty on stock trades |
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In the present gloomy scenario,
the only solace to the stock traders has come from the government
of Maharashtra. The revenue department of the state government
has decided to reduce the stamp duty for the share transaction
on all trading terminals located within its territory for the
period from April 1, 2001 to March 31, 2003. |
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FIIs
turn net buyers on bottomfishing |
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Bottomfishing by the foreign
institutional investors in the domestic bourses during October
have turned them into net buyers while the domestic mutual fund
investors, led by the Unit Trust of India, remained net sellers
throughout the current month. |
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