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Saturday, August 28, 2004

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TECHNICAL ANALYSIS
Bears prevail
FRIDAY'S trading activity witnessed lacklustre movement. However, bears managed to gain from the day's trading. The sentiment reading of the tradable counters stands bearish. Bull domination on Monday is likely to change the sentiment reading ... More

STOCK MARKETS
Oil stocks firm as crude prices fall
OIL and gas companies stocks, especially PSUs, shot back in limelight on Friday due to fall in international oil price, brokers and analysts said. International oil price which had peaked to cross $49 per barrel last week eased to below $43 per ... More

Eimco Elecon: Promoters mining its wealth?
THE Eimco Elecon (India) Ltd stock created its 52-week high and finished at Rs 126.40 on the NSE on sustained buying. The stock moved up 5.03 per cent at close. The stock has steadily been gaining since August 4, primarily because of market ... More

Bata walks on with mid-cap tag
THE stock of Bata India has been witnessing sustained interest on the bourses in the recent past. Brokers said that with many an investor taking a hit on large-cap stocks, interest is shifting to mid-cap stocks or certain `safe' sectors. The ... More

NIIT Technologies listing on BSE, NSE from Monday
THE equity shares of IT solutions provider NIIT Technologies Ltd will begin trading on the BSE and the NSE from August 30. "In addition to getting approvals from the BSE and the NSE, the company has obtained in principle approvals from the ... More

Active interest seen
THE counter of air-conditioner company Fedder's Lloyd was locked in the 20-per cent upper circuit on Friday. Trading volumes in the counter were also substantially higher than normal volumes. Stock price of the company closed at Rs 11.01 with ... More

DERIVATIVES MARKETS
BPCL: Outlook positive, buy September futures
THE following strategies are based on Friday's trading in the spot and the derivatives segment on the NSE: BPCL: The stock closed at Rs 356 in the spot market. The outlook appears positive. The upside price target is Rs 372. Buy ... More

COMMENTARY
ICICI Bank, ITC drag Sensex to negative zone
THE market, which pulled a hat trick by recording gains over three trading sessions, fell back into the negative territory on Friday. Even though rising crude prices have let up in the last few days, the fears surrounding inflation have clearly ... More


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