The Hindu Business Line : Saturday, June 21, 2003

Sharekhan seen to revive interest in Net trading
TRADING in stock markets through the Internet, which took a dip due to investor apathy because of prolonged bearishness in recent years, is witnessing a revival of interest and is expected to record growth in the coming years. The retail ... More

SHCIL suspends 2 schemes
STOCK Holding Corporation of India Ltd (SHCIL) has suspended two of its best-known schemes, Sell-n-Cash and Cash-on-Payout, following what sources say is a directive from the Securities and Exchange Board of India. No new request for the two ... More

Sharekhan opens Bhimavaram outlet
HYDERABAD: Sharekhan, the retail arm of the SSKI group, a stock-broking house, has announced the opening of its 124th franchisee outlet in Bhimavaram in West Godavari district. A company release said on Friday said that the outlet was ... More

TECHNICAL ANALYSIS

Volatile movement
FRIDAY'S market was quite volatile. Bears were in control of the initial hours of the day's trading. Later on, bulls took over and recouped their losses. Bears were successful to the extent of initiating the downtrend in a few counters. The ... More

STOCK EXCHANGES

Nasdaq mounts fresh pitch for Indian banks
NASDAQ has mounted a fresh pitch for Indian banks — a sector that has made major advances in terms of market capitalisation in recent times. The India office of the US exchange has taken up the issue with large players, many of which have ... More

STOCK MARKETS

Sensex close to 3,500-mark
THE bull-run continued to drive the indices upwards with the Sensex closing just below the 3,500-mark and the Nifty closing above 1,100. The Sensex closed 44.9 points higher at 3,499.50 points and the Nifty edged up 7.70 points to close at ... More

LIC Housing at year's best
THE LIC Housing Finance stock today hit the 52-week high of Rs 139.40, but closed lower on profit taking. The market is abuzz with expectations that some foreign housing finance companies would shortly seek entry into India by picking up stake ... More

ITC flares up on funds' support
SUSTAINED buying support by FIIs saw the stock of ITC hit a 52-week high at Rs 747.85 during intra-day trade on the BSE. The stock, however, slipped off to end the day firm at Rs 744.50 on the BSE with 2.38 lakh shares traded. On the NSE, ITC ... More

Fed by premium hopes
THE stock of Andhra Pradesh-based fertiliser company Godavari Fertilisers and Chemicals has been soaring over the past few days. In the past week it has risen 32 per cent. The stock price has been rising on hopes of high valuation for the ... More

Daewoo Motors scrip doubles on hectic buying
THE Daewoo Motors India Ltd (DMIL) counter has witnessed hectic activity over the last one week, with the stock price of the company doubling in just seven days' time. If the market talks are to be believed, the interest in the stock is due to ... More

DERIVATIVES MARKETS

L&T: Outlook negative, short July futures
THE following strategies are based on Friday's trading at the derivatives segment on the NSE: Equity options L&T: The outlook on the stock appears negative. The downside price target is Rs 220. The upside risk level is Rs 250. ... More

IPOS

Maruti share may be priced Rs 122-125
THE overwhelming response for the Maruti Udyog Ltd's initial public offer (IPO) has resulted in the Inter-Ministerial Group (IMG) deciding to recommend a cut-off price in the range of Rs 122-125 for a Rs 5 share against the floor price of Rs 115 ... More

Maruti issue's retail portion oversubscribed by 5.6 times
THE Government's offer for sale of 25 per cent stake in the country's largest car manufacturer Maruti Udyog Ltd has received a total of about 3.29 lakh applications, at the end of the final count, merchant banking sources revealed. However, the ... More

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