The Hindu Business Line : Saturday, November 15, 2003

Bear onslaught
BEARS were in total command of Friday's trading activity. Their dominance for the second successive trading day left the bulls stranded. The market sentiment reading of the tradable counters stands strongly bearish with no uptrend ... More

STOCK MARKETS

NSE's ad hoc margins pull down market
STOCKS continued to fall for the second day on Friday as most of the market players wound their positions down following NSE's decision to impose ad hoc margins in the derivatives segment. The sharp fall in today's trading was also due to some ... More

Block deal in LIC HF
THE counter of the housing finance subsidiary of Life Insurance Corporation on Friday saw two block deals in early trade on the NSE. The first deal for 36.68 lakh shares was struck at Rs 187.5 per share and the second one of 1.21 lakh shares ... More

i-flex gains on MSCI inclusion
IN an otherwise volatile market, the stock of i-flex Solutions remained upbeat on reports of its inclusion in the MSCI standard index. The stock ended the day at Rs 693.75, up 1.18 with 3.87 lakh shares traded on the NSE. On the BSE, the stock ... More

IFCI offloads LIC Housing shares
NEW DELHI: In a bulk deal, IFCI Ltd on Friday netted Rs 68.75 crore by selling 36,66,813 equity shares of LIC Housing Finance Ltd at Rs 187.50 per share. The deal was done through IFCI Financial Services Ltd on the NSE. The shares sold ... More

SEBI chief defends frequent changes in listing agreement
THE Securities and Exchange Board of India's (SEBI) Chairman, Mr G.N. Bajpai, on Friday defended the frequent revisions in corporate governance norms through amendments in listing agreements. The regulator had a dual responsibility of ... More

Essar Oil in the buy list of portfolio managers
CERTAIN operators and portfolio management schemes are picking up Essar Oil. According to market sources, portfolio management schemes of two big broking firms are understood to be accumulating the stock. A couple of noted operators are also ... More

DERIVATIVES MARKETS

Govt proposes new interest rate derivative product
THE Government is planning to introduce a new interest rate derivative product in the market within the next couple of months, as the existing product has not really picked up. The new product could include both Government and private debt ... More

Shipping Corpn: Outlook positive, buy Dec futures
THE following strategies are based on Friday's trading in the derivatives segment on the NSE: Equity options Shipping Corporation: The outlook on this stock is positive. The upside price target is Rs 164. The downside risk level ... More

COMMENTARY

Profit taking halts index stocks rise
IT was a day for frenzied profit taking at both the bourses on Friday, with both the key indices registering a sharp setback during the day's trading. The BSE Sensex closed the day with an 83.3-point loss in value, closing at 4,865.8 points. ... More

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