The Hindu Business Line : Tuesday, July 29, 2003

Initial gains not held
BULLS were in control of the initial hours of Monday's trading activity. Later on, bears managed to recoup their day's losses. Neither the bulls nor the bears could gain much from the day's trading. The sentiment reading of the tradable ... More

STOCK MARKETS

Kotak bank up on `prowl' talk
KOTAK Mahindra Bank is being tipped to acquire a smaller bank in the southern India. The talk of acquisition of City Union Bank by NBFC turned into bank have already started floating into the market. This has already led to the stock price ... More

Pvt investment co takes 5% stake in Texmaco
MR Shyam Sundar Dalmia, a Kolkata-based stock broker, has picked up 5 per cent stake in K K Birla Group company, Texmaco Ltd. Mr Dalmia's investment firm Avis Tie-up Pvt Ltd has informed the company last week regarding its acquisition through ... More

Punjab Tractors' scrip nosedives by 14 pc
THE share price of Punjab Tractors Ltd dropped sharply on Monday following last Friday's announcement that the UK-based CDC Capital Partners has won the bid for Punjab Government's 23.5 per cent stake in the country's second largest tractor ... More

DERIVATIVES MARKETS

Tata Steel: Outlook positive, buy August futures
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Equity options Satyam: The outlook on this stock is negative. The put-call open interest ratio has been increasing. Besides, put ... More

FOREIGN INSTITUTIONAL INVESTORS

Merrill Lynch triples stake in Polaris
THE foreign institutional investor, Merrill Lynch Capital Markets SA SVB, has more than tripled its stake in Polaris Software Lab Ltd to 3.88 per cent (19.99 lakh shares) during the quarter ended June 30, 2003 compared to 1.06 per cent (5.45 lakh ... More

COMMENTARY

Reliance, Hind Lever trim gains
AFTER a strong bull run last week, the markets opened with as much enthusiasm during the first trading day of the current week too. Opening the day at 3,745.99 points, a near 20 points hike over last week's close, the Bombay Stock Exchange (BSE) ... More

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