• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

THE stock prices of engineering companies Thermax and Alfa Laval were up on Friday on a couple of large deals. While Thermax saw a block deal of 2.86 lakh shares at a price of Rs 291.50, a chunk of 2.52 lakh shares was traded on the Alfa Laval counter at a rate of about Rs 400. The buyers and sellers could not be ascertained. Alfa Laval closed 0.55 per cent up at Rs 400.40. Thermax closed the day at Rs 293.80, up 2.67 per cent on the BSE.

FIIs active in index stocks

FOREIGN institutional investors were said to be unwinding long positions in the futures market and buying in the cash market. According to dealers, good FII buying was seen in ITC, Reliance, Infosys and SBI. They said the arbitrage opportunities between the futures segment and cash segment were diminishing, which had led investors to shift positions to the spot market. ITC closed the day at Rs 796.20 compared to its previous close of Rs 773.35 and Reliance was last traded at Rs 405.20 compared to Rs 394.05 at close on the NSE on Thursday. Infosys ended the day at Rs 4,339 compared to its previous close of Rs 4245 and SBI closed at Rs 410.60 as against Rs 403.80 the previous day.

Volumes drive Hero Honda

THE stock of the two-wheeler manufacturer was up nearly 5 per cent on Friday on good buying by investors. Dealers also noticed a large deal of 6.75 lakh shares at a price of Rs 281.90. The stock ended the day at that level with total volume on NSE and BSE together exceeding 16.5 lakh shares.

Dinesh Narayanan

Article E-Mail :: Comment :: Syndication

Stories in this Section
ABN Amro rules out buyouts to grow in MF business

Copyright © 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line