Financial Daily from THE HINDU group of publications
Wednesday, May 28, 2003
Markets (May 27)
BL 2501126.31 (-8.09)
BSE Sensex3081.94 (-14.75)
S&P CNX Nifty976.85 (-5.60)
Dollar (Buy/Sell)46.83/46.96
Gold Std (10 gm)5770 (+30)

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Bear domination
BULLS extended their pressure during the initial hours of Tuesday's trading. Thereafter, bears made a strong comeback and gained control of the day's proceedings. Bulls managed to gain marginally from the day's trading. The market sentiment ... More


HSE plans golden handshake
WITH the deadline issued by the Securities and Exchange Board of India (SEBI) for completing the corporatisation and demutualisation of stock exchanges nearing, the Hyderabad Stock Exchange (HSE) has stepped up the process of valuation of its ... More


Priyadarshini Cement hits upper limit
REPORTS of promoters looking to offload their 50.67 per cent stake in Priyadarshini Cements saw the share hit the upper 20 per cent limit on the BSE today despite the company's denial of any such move. The stock closed at Rs 11.55 up 19.69 per ... More

Fund buying lifts UTI Bank
THE stock of private sector UTI Bank has been attracting significant interest over the past few days. According to dealers, two large mutual funds were seen mopping up the shares of the bank on Tuesday. In fact, the counter witnessed two ... More

Unchanged open offer price pulls down L&T
LARSEN & Toubro shares fell on the major exchanges on Tuesday, as the day passed with no indication from Grasim of any increase in its open offer price of Rs 190 per share to L&T shareholders contrary to market expectations. Tuesday was the ... More


SBI remains active
THE derivatives segment on the NSE witnessed increased trading on Tuesday, with only three days before the expiry of the May contracts. The turnover was higher by 3.4 per cent at Rs 3,079 crore as compared to Monday's turnover of Rs 2977 crore. ... More


Volatile trading session at BSE
IT was a volatile trading session at the bourses on Tuesday. After touching a high of 3118.58 during the early part of the day, the BSE Sensex witnessed a sharp slide in the later part to close at 3081.94 points. A sharp fall in the values of ... More
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