MARKETS
COURTS/LEGAL ISSUES
Colour Chem open offer case comes up in SC
THE long-pending hearing on the Colour Chem case pertaining to an open offer for 20 per cent to minority shareholders by the company's overseas parent under the take-over Rules came up for hearing in the Supreme Court today and will continue ...
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TECHNICAL ANALYSIS
Initial gains not held
BEARS were successful to the extent of restricting the bulls from making further gains on Tuesday. The sentiment reading of the tradable counters remains bullish. Bear pressure on Wednesday is likely to change the sentiment reading in their ...
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STOCK MARKETS
Paper stocks shine, thanks to price rise
THE shares of paper companies are on the rise due to the hike in international paper prices, brokers and analysts said today. In today's trading shares of Ballarpur Industries, the largest paper company, gained 5.66 per cent at Rs 68.15 on the ...
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Girish Gelli offloads 8.49 lakh shares of Global Trust Bank
THE National Stock Exchange has announced that Mr Girish Gelli, one of the family member of Mr Ramesh Gelli, former chairman and managing director of Global Trust Bank (GTB stock), has sold off 8,49,238 GTB shares. The GTB stock, which has been ...
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SC ruling turns sentiment for Kothari Products
THE counter of pan masala maker Kothari Products on Tuesday witnessed increased volumes along with rise in the stock price. The stock gained 4.79 per cent at Rs 215.55 on the BSE with volumes of 19,357 shares. On the NSE, it closed at Rs 216, up ...
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DERIVATIVES MARKETS
Outlook positive for Tata Steel
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: Tata Steel: The stock closed at Rs 396 in the spot market. On the upside, the stock could move to Rs 425. The outlook would turn ...
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COMMENTARY
Selling pressure grips Sensex in late hour
PROFIT booking among index heavyweights trimmed three successive days of uptrend in the BSE Sensex, with the Sensex closing 7.90 points lower at 5194.63 points on Tuesday. While the improvement in the market sentiment on receding monsoon fears ...
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IPOS
TCS initial offer subscribed 3.36 times
TATA Consultancy Services' initial public offer has received bids for 3.36 times the number of shares on offer. Bids for 18.70 crore shares were registered at 5 p.m. on Tuesday. Over 5.5 crore shares are on offer. The IPO closes on ...
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