The Hindu Business Line : Friday, September 26, 2003

Volatile movement
BULLS exerted further pressure during the initial hours of Thursday's trading activity. Thereafter, bears took control of the day's proceedings. Neither the bulls nor the bears could gain much from the day's trading. The sentiment reading of ... More

STOCK MARKETS

PSU stocks in limelight
AFTER remaining depressed for a few days due to the Supreme Court order on HPCL and BPCL disinvestment, the stocks of government-owned companies are back on the buy-list of most of the investors over the last few trading session. The revised ... More

Prescription for outsourcing boosts pharma stocks
EVEN as it seemed that pharma stocks would see some consolidation, it received a shot in the arm on the bourses on Thursday on reports that international pharma companies need to outsource from India to reduce expenses. However, after the ... More

Hikal gains on placement talk
THE counter of agro-chemicals company Hikal Ltd has been gaining constantly. Even on Thursday the stock was locked in the 10 per cent upper circuit and closed at Rs 445.65 on the BSE with volumes of 12,810 shares. On the NSE, the stock closed at ... More

DERIVATIVES MARKETS

Negative outlook on Ranbaxy, Nifty; short October futures
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Equity option: The outlook on Ranbaxy is negative. The downside price target is Rs 860. The upside risk level is Rs 985. Consider shorting ... More

REGULATORY BODIES & RULINGS

Broking firm director can't be sub-broker for same outfit: SEBI
THE Securities and Exchange Board of India (SEBI) has barred directors of stock broking companies from doubling up as sub-brokers to the same broking outfit. The capital market regulator has ruled that a director of a stock broker cannot act as a ... More

COMMENTARY

Reliance, HLL , Ranbaxy reverse bull phase
The sharp recovery on Wednesday turned out to be a short-lived one with the market sentiment turning weak on Thursday. Close to 50 per cent of the 124-point gain recorded on Wednesday was wiped out at the end of Thursday's trading. The 30-stock ... More

IPOS

NTPC issue may hit market by March
NATIONAL Thermal Power Corporation's (NTPC) proposed initial public offering of Rs 400 crore is slated to hit the domestic market by March next. "We will be in the market by March 2004," the NTPC Chairman and Managing Director, Mr C.P. Jain, ... More

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