Financial Daily from THE HINDU group of publications
Tuesday, October 25, 2005
Markets (October 24)
BL 2502250.56 (-30.26)
BSE Sensex7920.80(-148.15)
S&P CNX Nifty2394.85 (-48.90)
US Dollar (Buy/Sell)45.15/45.28
Gold Std (10 gm)6860 (-5)


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STOCKS


Oil marketing, auto stocks move up — Interest rate worries affect sentiment
NERVOUSNESS about rise in interest rate and lower global crude prices left two contradictory effects on stock prices today. While the general sentiment turned negative on the apprehension that both repo and interest rates would be given an upward ... More

TECHNICAL ANALYSIS


Bear domination
MONDAY'S trading activity witnessed bear domination. However, the sentiment reading of the tradable counters remains mildly bullish. Further bear domination on Tuesday is likely to change the sentiment reading in their favour. On the contrary, ... More

STOCK EXCHANGES


CSE trading volumes dwindle after SEBI move
A FEW weeks after SEBI banned half a dozen companies and suspended a number of brokers, trading volumes on the Calcutta Stock Exchange are ebbing at a record low. Transaction highlights provided by the exchange for Monday (October 24) indicate ... More

STOCK MARKETS


Sensex sheds 148 points on buzz over rate hike
STOCK prices failed to maintain last Friday's momentum and surrendered their gains as the BSE Sensex slid by almost 150 points today fearing an interest rate hike by the RBI. Disappointing results from Ranbaxy and the weak Asian markets also ... More

Britannia Industries up ahead of quarter numbers
BRITANNIA Industries, a leading player in biscuit and milk products, witnessed increased volumes on the BSE along with rise in stock price. The stock rose 4.17 per cent at Rs 1,203.65 on the BSE with volumes of 51,199 shares - four times ... More

ASSET MANAGEMENT COMPANIES


Sundaram wangles a good deal from BNP Paribas
THE sale of a 49.9 per cent stake in Sundaram Asset Management for Rs 100 crore represents a profitable deal for Sundaram Finance. The deal values Sundaram Asset Management at Rs 200 crore. At 7 per cent of assets under management, the valuation ... More

COMMENTARY


Sensex hits 7-week low
BEARS were back in action on Monday as markets recorded a significant slide. All-round selling triggered by disappointing results by banks along with a concern of a possible hike in repo rate in the Credit Policy to be announced on Tuesday ... More

IPOS


Garment exporter Celebrity plans IPO
THE Rs 160-crore Chennai-based Celebrity Fashions Ltd, garment exporter to some of the world's top brands and parent company of the menswear brand, Indian Terrain, plans an IPO to finance the setting up of new factories as well as for expansion ... More

RIGHTS ISSUE


Jessop gets orders for 809 wagons — Supply gap in bogie, couplers
JESSOP & Co is now suffering from a problem of plenty. It has received an order for a record 809 wagons this year up from 305 wagons last year. The coach division which received order for nine rakes (81 coaches) last year, is also expecting a ... More
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