The Hindu Business Line : Wednesday, September 24, 2003

Bulls dominate
BULLS gained control of Tuesday's trading activity. Bears were unable to make any impact during the day's trading. However, the sentiment reading of the tradable counters continue to remain neutral. Bull domination on Wednesday is likely to ... More

STOCK MARKETS

Asahi Glass evokes interest on open offer rumours
THE stock of Asahi India Glass witnessed sustained interest, registering good volumes on the bourses on Tuesday. According to the market grapevine, talk of parent company Asahi Glass Co Ltd of Japan making an open offer at Rs 100-120 levels was ... More

Clariant India hits 52-week high
THE Clariant India stock on the back of a block deal involving 78,650 shares, created its 52-week high on the Bombay Stock Exchange at Rs 185.90, but for lack of follow up interest, it closed lower at Rs 179.90. The delivery figures suggested ... More

Bharat Forge firm on Ford order
AUTO ancillary company Bharat Forge stock has been constantly accumulated by a section of the market. This has been the reason for the stock to remain firm over the last few days. Dealers said a domestic broking firm is strongly recommending ... More

Bid notice for Harshad's ACC, Snowcem shares
THE custodian in charge of the scam-tainted shares of Harshad Mehta and various entities of the Harshad Mehta group in the companies ACC Ltd and Snowcem has issued a public notice for sale of the shares through public auction. Both blocks of ... More

DERIVATIVES MARKETS

NSE to add more stocks in futures
WITH the interest in individual stocks futures and options (F&O) increasing, NSE has decided to add four more stocks to the list from Friday. The additional four stocks are: Arvind Mills, Indian Oil Corporation, Gas Authority of India Ltd and ... More

Negative outlook on Maruti, HDFC; short Oct futures
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Equity options Maruti Udyog: The outlook on this stock is negative. The downside price target is Rs 185. The upside risk level is Rs 235. Note that ... More

FOREIGN INSTITUTIONAL INVESTORS

T. Rowe, affiliates buy M&M shares
MAHINDRA & Mahindra Ltd (M&M) has informed the National Stock Exchange that T. Rowe Price Associates Inc and its affiliates have acquired 61,55,800 equity shares of M&M representing 5.31 per cent of the paid-up capital as on September 10, 2003. ... More

SEBI warns FII over short sell
SEBI has warned foreign institutional investor, Taib Bank EC for indulging in short sells on behalf of a sub-account holder and said such behaviour and violation of FII regulation in the future would be viewed seriously. The investigations had ... More

COMMENTARY

Sensex rebounds as Reliance, HLL shine
STOCK prices rebounded sharply towards the end of the day's trading session after languishing at lower levels in early trade. Sensex, which was trading below the level of Monday's close, ended the day with a gain of 1.93 per cent. A surge in ... More

IPOS

Vijaya Bank IPO opens on Oct 9
THE second equity issue of Vijaya Bank, offering 10 crore equity shares of Rs 10 each for cash at a premium of Rs 14 per share aggregating to Rs 240 crore, will be open for subscription to the public from October 9 to October 17. Addressing ... More

IPOs worth Rs 10,000 cr likely by year-end
SUSTAINED ebullience of the secondary market and good response to recent initial public offers (IPOs) have raised the hopes of several companies that wanted to raise equity capital from the public but were discouraged by depressed investor ... More

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