The Hindu Business Line : Friday, March 21, 2003

Bull onslaught
BULLS were in total command of Thursday's trading activity. Their dominance for the second successive trading left the bears stranded. The sentiment reading of the tradable counters stands strongly bullish with no downtrend counters. Irrespective ... More

STOCK MARKETS

USFDA nod lifts Ranbaxy
RANBAXY Laboratories was on a high today after the company received a crucial nod from the USFDA (United States Food and Drug Administration) for one of its drugs. Today, the stock ended higher by 5.81 per cent at Rs 617.30 with 3.77 lakh ... More

Steel stocks beat Sensex on first day of war
AS the US-Iraq war finally broke out on Thursday morning, the steel stocks on Indian bourses went in for a spectacular rally beating the market barometer BSE Sensex by some 0.35 percentage points. While the Sensex posted a whopping 72 points ... More

Divi's Lab edges up
DIVI'S Laboratories, a new entrant in the market arena, today saw a renewal of operators' interest on major bourses. According to brokers and dealers, the stock has fared better than other pharma stocks in the past five sessions since its ... More

Tata Engg driven by FIIs
THE counter of automotive major Tata Engineering attracted substantial institutional interest on Thursday. Interest in the counter came mainly in the form of FII buying, primarily on hopes of good financial performance of the company in the next ... More

Sensex gains 71 points
THE bombing of Baghdad sent stock prices sharply upwards today, rallying the other financial markets as well. Panic demand for the dollar from corporates and banks sent the rupee on a nosedive, losing 12 paise against the dollar from its ... More

HFCL slumps 30 pc on talk of FCCB shares sale
HIMACHAL Futuristic Communications Ltd (HFCL) fell over 30 per cent in the last five trading sessions on market talks that the foreign currency convertible bonds (FCCBs) that were recently converted into equity shares are being sold in the ... More

Satyam jumps on business confidence report
SATYAM Computer registered huge volumes on the bourses today even as hostilities against Iraq commenced. Brokers said that with the `fear' having become a reality, the market went into pullback mode and made some recovery. Satyam Computer ... More

DERIVATIVES MARKETS

Nifty: Outlook negative; buy April 1020 puts
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Equity option: The outlook on SBI appears negative. The downside price target is Rs 260. The risk is that the stock may move to Rs 295 before ... More

REGULATORY BODIES & RULINGS

500 more cos asked to provide data electronically
THE Securities and Exchange Board of India (SEBI) has added 500 more companies to the list of companies that are required to file documents and statements in electronic format with the market regulator. These companies were selected on the ... More

COMMENTARY

US-Iraq war fires up Sensex; techs recover
THE benchmark indices surged to close with gains, in spite of the US-Iraq war started on Thursday. The BSE Sensex rose 71.75 points to close at 3192.9 points as compared to Wednesday's close of 3121.2. The Sensex gained 3.5 per cent in the past ... More

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