Financial Daily from THE HINDU group of publications
Tuesday, December 17, 2002
Markets (Dec. 16)
BL 2501116.60 (-6.20)
BSE Sensex3328.39 (-14.58)
S&P CNX Nifty1078.45 (-7.75)
Dollar (Buy/Sell)48.10/48.23
Gold Std (10 gm)5435 (-15)

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Bears prevail
BEARS gained control of Monday's trading activity. The day's activity opened with a bullish note but bulls failed to capitalise on it. Tuesday's market action resulted in increasing the bear count by a considerable margin. The sentiment reading ... More


Modi euphoria fails to sustain market
AFTER the initial euphoria over the BJP's victory in Gujarat, which took the Sensex up in the morning, the market later gave way to profit taking. The market displayed some amount of volatility as stocks slipped in the second-half of the ... More

Block deals in key counters
IT was a day of block deals in some of the leading index counters. The stocks that witnessed such deals included ACC, Hindustan Lever, MTNL and GAIL. Other counters that attracted smaller block deals were ITC and HDFC. Most of these deals were ... More

Ramco Systems surges on Boeing order for ERP
THE stock price of Ramco Systems, developer for ERP packages, has gained over 200 per cent since the beginning of November on reports that the company has bagged an order from aircraft manufacturer Boeing for ERP package. The stock price of the ... More

Videocon Intl gains on new triggers
THE Videocon International stock today saw surge in volumes compared to that on Friday on the major bourses. The price line of the stock was also upwardly mobile. The stock opened with a gain of around a rupee and after touching the day's high ... More

Pritish Nandy gains as Kaante is set for release
THE stock price of Pritish Nandy Communications, film production and media company, gained sharply today on the announcement that the company's big budget multi-starrer film `Kaante' will hit cinema halls on December ... More


Tata Steel: Outlook negative, buy January 140 puts
THE following are some strategies based on Monday's trading in the derivatives segment at the NSE: Equity options Tata Steel: The outlook on this stock is negative. The downside price target is Rs 132, while the upside price ... More


Real-time gross settlement in a year: SEBI
THE Reserve Bank of India is likely to introduce real-time gross settlement (RTGS) in a year's time, the Chairman, Securities and Exchange Board of India (SEBI), Mr G.N. Bajpai, has said. "I have been told that RBI is very seriously working on ... More


Gujarat verdict fails to enthuse markets
THE expected boost to sentiment from the victory of BJP in Gujarat did not materialise or was at least not reflected in Monday's trading as stock prices declined. The decline on Monday snapped a four-day winning streak for stocks. Among BSE-500 ... More
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