The Hindu Business Line : Thursday, August 28, 2003

LIC picks up Harshad's 14.6 lakh Reliance shares
LIC had also bid for the block of ITC shares at around Rs 745 per share but was upstaged by Mr Ashok Samani who took it at the rate of Rs 770 a share. More

TECHNICAL ANALYSIS

Bulls march ahead
BULLS exerted further pressure over Wednesday's trading activity. Bears were unable to make any impact for the second successive trading day. The market sentiment reading of the tradable counters stands neutral. Bear domination on Thursday is ... More

STOCK MARKETS

FDA nod for Ranbaxy has its echo on bourses
THE Ranbaxy Laboratories scrip today hit its 52-week high on the major bourses on increased prospects of getting further into the US market. According to brokers, the counter is fancied by certain domestic mutual funds and FIIs including a ... More

Oil stocks remain market pick
OIL sector stocks, led by ONGC, Bongaigaon, HPCL and BPCL, remained market favourites amidst sustained investment based buying on the bourses on Wednesday. Brokers said with most of the oil companies looking at expansion and integration, the ... More

IBM stake rumour fuels Polaris
POLARIS Software Labs stock has suddenly got the attention of market players over the last couple of days, as witnessed bythe rise in the stock price along with increasing volumes. The interest in the stock is mainly on market talk that IBM ... More

DERIVATIVES MARKETS

Outlook positive, buy Sept 270 calls on Tata Motors
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: Equity options Tata Motors: The outlook on this stock remains positive. The upside price target is Rs 295. The downside risk level ... More

NSE to start derivatives trading on CNX IT index
BUOYED by the success of derivatives trading on S&P CNX Nifty index, the National Stock Exchange (NSE) is now set to commence derivatives trading on CNX IT index from Friday. NSE in a circular to its members said the trading in the futures and ... More

COMMENTARY

Bank stocks back with a bang
AFTER two days of excitement over the Mumbai bomb blasts, the benchmark indices closed in the positive territory. However, an upmove of 53.27 points or 1.28 per cent to 4205.56 points pales in comparison to the 120.49 points downward movement on ... More

IPOS

Rs 1,600-cr plans for upgradation, network expansion — Hutchison Essar to merge circles ahead of IPO
HUTCHISON Essar plans to invest around Rs 1,600 crore to expand its network in India during the current year. The company also plans to float an IPO during the first quarter of 2004 to raise fresh funds to upgrade its infrastructure in the ... More

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