MARKETS
TECHNICAL ANALYSIS
Bear onslaught
THE sentiment reading of the tradable counters stands bearish. Monday's market action resulted in terminating a few downtrend counters in the list. Bull domination on Tuesday is likely to neutralise the sentiment reading. Otherwise, the ...
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STOCK MARKETS
Sensex down 153 points
PRIMARY market promise took the sheen off secondary markets today, as investors selling ahead of upcoming public issues caused a 153-point decline in the BSE Sensex. Also contributing was the expiry of the February derivatives contract. Brokers ...
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Divi's Lab turns weak
THE Divi's Laboratories stock on Monday relented on major bourses under the selling pressure. According to dealers, the end of circulation of rumours in market by the company's denial on last Friday caused selling, particularly by the traders ...
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BSES: Boosted by institutional support
EVEN after the announcement of preferential issue offer to the Reliance Group and major institutional shareholders, the stock of BSES gained sharply on Monday, when most of the index stocks fell. Dealers said it was a surprise to see such a sharp ...
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ABB: A growth story backed by strong fundamentals
BACKED by the increased investments in the country's transmission and distribution network and recovery in industrial investment, the stock of ABB India has been gaining strength on the bourses. ABB India is in the business of T&D equipment and .
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DERIVATIVES MARKETS
ACC: Outlook negative, short March futures
The following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE: ACC: The stock closed at Rs 252 in the spot market. On the downside, the stock could move to Rs 247 and then to Rs 231. The ...
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INTERVIEW
`Investment planning, a promising growth area'
"We propose to set up a broking subsidiary. There will be synergy for someone who wishes to trade and is simultaneously keen on MFs and insurance."
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COMMENTARY
PSUs lead across-the-board fall
IT was an across-the-board fall at the stock market with a few stocks looking up. Public sector stocks lined up for the initial public offering such as ONGC, GAIL, IBP and IPCL took a beating. With the IPOs priced at a discount to ...
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IPOS
ONGC begins roadshow
THE offer for sale of Union Government's 10 per cent stake in ONGC Ltd will open on March 5 and close on March 13, Mr Subir Raha, Chairman and Managing Director, ONGC, said today. The Government holds 84.11 per cent stake in the upstream oil ...
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CMC gets bids twice the issue size
MUMBAI: The disinvestments of government stake in software company CMC also opened on a very optimistic note with the issue receiving bids more than two times the size of the issue. CMC issue received bids for 87.37 lakh shares compared ...
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Biocon fixes IPO in Rs 270-315 band
BIOCON India has placed its initial public offer in a band between Rs 270 and Rs 315 per equity share of face value Rs 5. The company will list its shares on the NSE and the Bombay Stock Exchange. It filed its prospectus with the Registrar of ...
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PTC issue to open on March 1
POWER Trading Corporation of India Ltd will open its initial public offering on March 1, 2004. The price band for the offer has been fixed at Rs 14-16 per equity share of value Rs 10 per share. The company, which generated revenues of Rs 998 ...
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