Financial Daily from THE HINDU group of publications
Friday, October 17, 2003
Markets (Oct. 16)
BL 2501718.57 (+16.60)
BSE Sensex4887.32 (+32.06)
S&P CNX Nifty1555.70 (+18.70)
US Dollar (Buy/Sell)45.34/45.49
Gold Std (10 gm)5610 (-55)

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Swiss parent plans to delist Ciba Specialty from BSE — Considers fresh open offer
CIBA of Switzerland is considering delisting of Ciba Specialty Chemicals (India) Ltd (CSCIL), which is listed on the Bombay Stock Exchange. Ciba is understood to be considering a fresh open offer, and to ensure that the response to the offer ... More

TECHNICAL ANALYSIS


Bulls prevail
BULLS prevailed over Thursday's trading activity. Bears could not make much impact during the day's trading. The market sentiment reading of the tradable counters turned bullish. Bear domination on Friday is likely to neutralise the sentiment ... More

STOCK MARKETS


Rival strength for Tata Steel
SPECULATOR rivalry appears to have been the driving force of a few stocks over the past several days. One such stock that appeared to have been the target on Thursday was Tata Steel. The market grapevine says a Mumbai-based speculator's short ... More

Cement stocks rule firm on price hike hopes
RUMOURS of a further strengthening of cement prices pre-Diwali, saw frontline cement stocks gather momentum on the bourses on Thursday. As per market talk, a hike of up to Rs 10 per bag is on the cards. Brokers said that market perception that ... More

DERIVATIVES MARKETS


Sell futures on BPCL, IPCL
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Equity options BPCL: The outlook on this stock is negative. The downside price target is Rs 280. The upside risk level is Rs 347. ... More

COMMENTARY


Volatility marks the day's trading
FOR the second day markets displayed high intraday volatility with both the benchmark indices — BSE Sensex and S&P CNX Nifty — opening firm for the day but dipping later on correction during mid-afternoon. It rallied up again but in ... More
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Looking back
Oct. 5-Oct. 11
SEBI fine-tunes norms for MF funds in debt


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