The Hindu Business Line : Tuesday, August 02, 2005

South Asian Petrochem to make pref issue of 9.4 lakh equity shares to IFCI
PET resin producer South Asian Petrochem, of the Dhunseri Group, has decided to make a preferential issue of 9.4 lakh equity shares to IFCI. The shares would be issued after the conversion of the optionally fully convertible debentures ... More

FINANCIAL SERVICES

NSDL cuts settlement fee by 25 pc
NSDL has decided to reduce the settlement fee charged to depository participants (DPs) and corporates by 25 per cent from October 1. The charges to DPs have been reduced from Rs 8 to Rs 6 per debit instruction and the corporate action fee ... More

INSIGHT

Primary capital: Mega issues, macro concerns
THE capital market surpassed all the past peaks in resource mobilisation in 2004-05 with an achievement of Rs 28,000 crore, a growth of 21.4 per cent over 2003-04. This performance was accompanied by the excellent ... More

TECHNICAL ANALYSIS

Bears prevail
MONDAY'S trading activity witnessed range-bound movement. Bears managed to gain from the day's trading. The sentiment reading of the tradable counters stands mildly bearish. Bull domination on Tuesday is likely to change the sentiment reading in ... More

STOCK MARKETS

Order talk drives Leyland up
Many in the market are boarding Ashok Leyland on Street talk that the company is poised to get significant number of orders from some African countries. The Re 1-face-valued stock on Monday closed at Rs 30.80, up 4.94 per cent, on the BSE, ... More

McLeod Russel gains on merger hopes
MCLEOD Russel India, a B M Khaitan group's tea company, gained in Monday's trading on expectations of a merger of various tea companies of the group with it. McLeod Russel was listed on Friday after its de-merger from Eveready Industries. ... More

Financial services cos in limelight
INVESTORS in stocks of financial services companies, including some of the less-known ones, are creating substantial wealth for themselves, thanks to the sharp upward movements recorded by many of these counters. A flock of small-cap scrips - ... More

DERIVATIVES MARKETS

Outlook may turn positive for Cipla
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE. BPCL: Sell August futures if it trades below 367. The downside target is 362-359. Place the protective stop at 371. The minimum order size is ... More

FOREIGN INSTITUTIONAL INVESTORS

Foreign holding in Satyam up at 75 pc
THE total foreign shareholding, including global depository shares (GDRs), has gone up to 75.02 per cent during the quarter ended June 30, up from 67.95 per cent held during the fiscal ended March 2005. In its latest filing with the stock ... More

COMMENTARY

Banking, IT stocks suffer sharp losses
THE bull-run continued on the bourses for the sixth consecutive session as the bellwether indices closed the day on Monday with modest gains. While Sensex added 34 points, Nifty was up by about six points. Banking stocks, which rallied sharply ... More

Stock Quotes
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