STOCK MARKETS
Polaris Software gains on recovery signals
THE Polaris Software stock on Wednesday made a further accelerated upward move on major bourses. The stock, on an upturn path since the level of Rs 162.70 touched on the closing of February 23, regained some of its trading flavour on expectation ... More

IPCL gains, futures trades at discount
THE stock price of IPCL, whose public offer by the Government closed recently, today gained sharply. However, March futures traded at a discount to the spot price in today's trading on the NSE. In the cash market, the stock gained 10.15 per ... More

Disinvestment move pushes GSFC up
ANTICIPATION that the Gujarat Government is all set to divest its stake in GSFC has seen the stock of the state-run fertiliser company move into positive territory on the bourses. As per the market grapevine, among the `touted' contenders for ... More

Price wars take toll
THE stock of Hindustan Lever Ltd came under pressure on Wednesday after rival Procter & Gamble said it was slashing prices of its best-selling detergent brands Ariel and Tide by 20 per cent to 50 per cent. The deep cut, an FMCG analyst said, ... More

DERIVATIVES MARKETS
BoB: Outlook positive, buy March futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: Bank of Baroda: The stock closed at Rs 234 in the spot market. The outlook appears positive. The upside price target is Rs ... More

FOREIGN INSTITUTIONAL INVESTORS
TV18 hits FII buy limit
MUMBAI: The Reserve Bank of India has notified that no further purchases of equity shares of Television Eighteen India Ltd (TV18) should be made on behalf of foreign institutional investors. TV18 has reached the trigger limit of 24 per ... More

INTERVIEW
BgSE pins hopes on IndoNext to revive trading
Trading on the exchange is at a standstill for over a year now and increasingly larger, non-local companies are delisting them from the bourse squeezing down the listing fee income. Though, the registered brokers has a window to trade on the ... More

COMMENTARY
Steel stocks shine; techs turn weak
THE benchmark indices took a breather on Wednesday after gaining sharply over the past two trading days. The BSE Sensex appreciated by 19 points to close at 5842.20 points while the Nifty gained 7 points to close at 1860.40 points. The Sensex and ... More

PUBLIC OFFER
ONGC: Shourie sees no legal hitch in participatory notes
THE Disinvestment Minister, Mr Arun Shourie, today said there was no legal hitch in allowing lead managers of the ONGC public offer and their associates to issue participatory notes, but added that only large investors could use the notes to ... More

Rs 680-750 band for ONGC; 5% discount for retail investors
THE Government on Wednesday announced a price band of Rs 680-750 per share for sale of a 10 per cent equity constituting 14.26 crore shares in ONGC through a book-built public offer. The retail investors would get a five per cent discount on ... More

ECONOMIC OFFENCES
SEBI bars Cyberspace promoters' associate
THE Securities and Exchange Board of India has asked Mr Shashikant G. Badani, associate of Cyberspace Ltd promoters, to restrain from buying and selling securities and associate with any corporate body to access capital market for a one-year ... More