The Hindu Business Line : Tuesday, March 08, 2005

Thiru Arooran board okays pref allotment
THE board of Thiru Arooran Sugars Ltd has approved allocation of 5,64,700 preferential equity shares to the promoters. The company will seek its shareholders' approval at an extraordinary meeting to be conducted on April 1, according to ... More

TECHNICAL ANALYSIS

Initial gains not held
BULLS were in charge of the initial hours of Monday's trading but failed to maintain their pressure till the close. The sentiment reading of the tradable counters remains strongly bullish. Bear domination on Tuesday has the potential to change ... More

STOCK MARKETS

Sensex tests 6,900 level intra-day
THE Sensex scaled another record, crossing the 6,900-level during Monday's trade. The index touched an intra-day high of 6,902.49 before closing at 6,878.98. Smart rallies in index heavyweights including Reliance Industries Ltd, Reliance ... More

Polyplex: Firm PET price drives it up
THE Polyplex Corporation stock on Monday gained sharply; it closed at Rs 219.40 on the BSE with volumes of 2.46 lakh shares and on the NSE, at Rs 218.85, up 8.26 per cent, with volumes of 4.21 lakh shares. Dealers said the sharp spurt in the ... More

Kalpataru Power fired up on multiple triggers
THE Kalpataru Power Transmission stock today scaled its new 52-week high of Rs 456 and finally settled at Rs 436 at session's close with a gain of 13.08 per cent. Trading volumes were also hefty. According to brokers and analysts, the stock is ... More

Surana Telecom, Bhagyanagar Metals stock split
SURANA Telecom Ltd has informed the BSE that the company's board of directors allotted 2,26,04,400 equity shares of Rs 5 each in lieu of 1,13,02,200 equity shares of Rs 10 each to the existing shareholders on account of sub-division of the ... More

DERIVATIVES MARKETS

Short turn likely in PNB, BoB
THE following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE. These strategies are constructed to take advantage of short-term swings in the underlying. Setting up such positions is, hence, risky ... More

REGULATORY BODIES & RULINGS

Jagdish Capoor to head SEBI panel on Mapin norms
MR JAGDISH Capoor, former Deputy Governor, RBI, will head the committee set up by the Securities and Exchange Board of India to review the MAPIN requirements. MAPIN is SEBI's exercise to fingerprint and grant a unique identification number ... More

COMMENTARY

Profit-booking checks Sensex progress
THE markets appeared to be on never-ending northward bound journey. The markets, of late, have been repeatedly breaking earlier records. Prompted by profit booking, volatility was witnessed in the early hours of trade. However, the markets ... More

OUTLOOK

Fidelity bullish on mid and small-cap stocks
FIDELITY Investments, a global fund house, has become aggressive in the Indian equity market, especially in the mid-cap and small cap stocks. Filings with the stock exchanges reveal that the global fund house has been investing in India through ... More

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