The Hindu Business Line : Thursday, November 06, 2003

Bull run arrested
BEARS gained control of Wednesday's trading activity. They were successful in arresting the week-long bull run. Wednesday's market action resulted in terminating the uptrend in a few tradable counters. The market sentiment reading of the ... More

STOCK MARKETS

FIIs propel Jaiprakash Ind
SUSTAINED buying support by domestic and foreign funds, saw the stock of Jaiprakash Industries soar to new highs — Rs 118.35 (NSE) and Rs 118.40 (BSE) — on the bourses. Brokers said a UK-based FII mopped up a large quantity of ... More

Six-day rally ends due to profit-booking
AFTER having gained close to 400 points since last Monday, selling in key index stocks - led by ICICI Bank, Hindustan Lever and Dr Reddy's - resulted in a correction on the indices on Wednesday. The Sensex ended the day at 5,064.91 ... More

T-to-T stocks gain on talk of possible shift to normal market
SEVERAL stocks such as HFCL, GTL, Lupin and others that recently moved to trade-to-trade segment (TTT), gained sharply in today's trading mainly on market rumours that the stock exchanges are likely to move them to the normal market segment. In ... More

GMDC hits 5-year high
THE Gujarat Mineral Development Corpration (GMDC) stock today perked up further on aggressive buying a number of portfolio managers. The stock moved by around Rs 40 in the last three trading sessions. According to dealers, Motilal Oswal, Enam ... More

Premiums widen for infotech ADRs
THE Infosys ADR trades at a premium of 62 per cent to its domestic stock price. So do Satyam Computer Services and Wipro; Satyam ADR now trades at a premium of 45 per cent and Wipro, at 20 per cent. The premium for these stocks stood at 44 per ... More

Sterlite back in limelight
THE counter of copper major Sterlite Industries is back on the buy list of several investors over the last few days. In the last five trading sessions, the stock is already up almost 20 per cent. Market watchers attribute the rise to the ... More

DERIVATIVES MARKETS

ICICI Bank: Outlook negative, short November futures
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: Equity options ICICI Bank: The outlook on this stock is negative. The downside price target is Rs 196. The upside risk level is Rs ... More

REGULATORY BODIES & RULINGS

All insider trading cannot be punished, says SAT — Unfair advantage has to be proved
IN a path-breaking verdict, the Securities Appellate Tribunal has said that a person indulging in insider trading cannot be punished unless proven that he had unfair advantage over other shareholders. The ruling will have far-reaching ... More

IPOS

RBI withdraws Stockinvest scheme
THE Reserve Bank of India has decided to withdraw Stockinvest Scheme with immediate effect following several measures that have reduced the allotment process of IPOs. RBI in a notification said it is observed that the use of Stockinvests, as a ... More

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