Financial Daily from THE HINDU group of publications
Wednesday, September 03, 2003
Markets (Sept. 2)
BL 2501573.41 (+5.19)
BSE Sensex4339.20 (+14.44)
S&P CNX Nifty1385.45 (+9.50)
US Dollar (Buy/Sell)45.83/45.96
Gold Std (10 gm)5685 (-5)

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Mallya's petition to review order on Herbertsons rejected
THE Securities Appellate Tribunal on Tuesday threw out a petition filed by Mr Vijay Mallya and United Breweries Holdings Ltd (UB Holdings) to review its previous order dated August 1 directing Mr Kishore Chhabria to make an open offer to buy 20 ... More

TECHNICAL ANALYSIS


Bulls march ahead
BULLS maintained their supremacy for the third successive trading day. Their dominance left the bears stranded. Neither the bulls nor the bears could gain much from the day's trading. The market sentiment reading of the tradable counters ... More

STOCK EXCHANGES


SEBI faults BgSE for not being vigilant
THE Securities and Exchange Board of India has warned the governing board of Bangalore Stock Exchange (BgSE) for its alleged irregularities in the listing and price manipulation of securities of Home Trade Ltd (HTL), the company earlier involved ... More

STOCK MARKETS


Wipro promoter diluting stake?
THE stock of Wipro has been steadily rising on news, though unsubstantiated, that Mr Azim Premji is diluting his stake in the company. According to market sources, Mr Premji has been consistently diluting his holding through small open market ... More

Morepen stocks on the rise; circular trading alleged
THE Morepen Laboratories stock is on a spirited upward move and has been hitting the upper circuit filters for the last eight sessions on the major bourses. It progressed from a level below Rs 10 (52-week low is Rs 9) to Rs 17.20 at today's close ... More

Buoyancy in petro sector pumps up IPCL
RIDING piggyback on the recent buoyancy in the petrochem sector, the stock of IPCL has been witnessing sustained momentum on the bourses. The counter in fact has appreciated by almost 44 per cent from its levels of Rs 118-120 in end July. ... More

DERIVATIVES MARKETS


Construct September bull call-spread on Reliance, Maruti
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Equity options Reliance Industries: The outlook on this stock is positive. The upside price target is Rs 450. The downside risk level is Rs ... More

COMMENTARY


Market goes up on buying spree
THE bull run in the markets continued for the sixth consecutive day and the BSE Sensex remained above the 4300-point mark touched on Monday's trading. Bolstered by buying interest in the Sensex heavyweights such as Reliance Industries, ... More
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