The Hindu Business Line : Friday, April 25, 2003

Grasim sets May 7 for L&T open offer
GRASIM Industries has announced May 7, as the date of its open offer for 20 per cent stake in Larsen & Toubro. The offer will open six months after its originally scheduled date of December 9, 2002. Grasim on Thursday issued an announcement to ... More

TECHNICAL ANALYSIS

Initial gains not held
BULLS gained control of the initial hours of Thursday's trading activity. Thereafter, bears took over and wiped out their early losses. Bulls were successful in reducing the bear count by a considerable margin. The market sentiment reading of ... More

STOCK EXCHANGES

SEs join hands to aid mentally challenged
STOCK exchanges across the world have been advocating for investment in companies for good returns. But now they seem to be adopting a new mantra "Invest in a life". And, this new credo is not focused on the development of human resources within ... More

STOCK MARKETS

Satyam Comp volumes shoot up on NSE
According to stockbrokers, the sharp rise in the volume was due to two factors. First, the company announced its quarterly results today and April futures and options contracts in the derivatives market also expired today. More

HLL hits historic low
THE share price of FMCG major, Hindustan Lever Ltd (HLL), was hammered at the bourses today with selling pressure pushing the stock to a historic low. HLL's stock lost 2.96 per cent on the BSE to close at Rs 136 after touching an intra-day low ... More

Subex Systems up on funds' support
SUBEX Systems, an IT company with expertise in telecom domain, has been witnessing an increase in traded volumes along with rise in the stock price over the last few days. The increased interest in the counter was from select institutional ... More

DERIVATIVES MARKETS

HLL: Outlook stays negative, buy May 140 puts
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Equity options HLL: The outlook on this stock is negative. The downside price target is Rs 125. The risk is that the stock may rise to Rs ... More

Tata Engg sees huge sell-off
The Tata Engineering stock today saw huge sell-off on major bourses because of operators' compulsions in the derivatives market. According to market analysts, the stock, however, looks positive both fundamentally and technically. "Today's ... More

COMMENTARY

HLL drags Sensex even as Satyam sizzles
DESPITE opening firm at 2960.56 points (about 13 points higher than Wednesday's closing level) and reaching to a high of 2973.03 points on intra-day, the benchmark BSE Sensex for the third consecutive day ended in the negative territory. A drop ... More

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