Financial Daily from THE HINDU group of publications
Tuesday, May 28, 2002
Markets (May 27)
BL 2501115.46 (-8.51)
BSE Sensex3243.41 (-12.21)
S&P CNX Nifty1062.70 (-4.30)
Dollar (Buy/Sell)48.93/49.06
Gold Std (10 gm)5330 (+15)

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Market remains indecisive
INITIAL hours of Monday's trading witnessed bear domination. Later on, bulls took over and recovered their early losses. Neither the bulls nor the bears could gain much from the day's trading. The market sentiment reading of the tradable counters ... More


Nalco up on GDR/ADR price talk
THE stock of aluminium major National Aluminium Company (Nalco) on Monday closed at an all-time high on the BSE. The share price of the company has been rising on expectation of the GDR/ADR would be sold (later this year) around Rs 125-150 per ... More

Fear of higher floating stocks affects oil PSUs
THE fear of the number of floating shares increasing in the market of leading oil PSUs such as BPCL, IOC, ONGC, GAIL has hit the price of most of these scrips in the last few trading sessions. There have been reports that IOC is to divest its ... More

Ashok Leyland on a bumpy road?
THE stock of the automobile major Ashok Leyland appears to be still on a bumpy road. The scrip on Monday declined 2.80 per cent on the Bombay Stock Exchange (BSE) and by 2.55 per cent on the National Stock Exchange (NSE). It closed at Rs 98.90 at ... More


Selling 1040 put on Nifty may be profitable
THE gains made during the last day of trading last week did not lead to positive sentiment during the first day of trading in the current week. Traders who were long on put options at the close of last week may have had reason to smile on during ... More


Amended insider trading regulations -- Ambiguities and obvious omissions
IN SEBI's amended insider trading regulations, 2002, there are some provisions which smack of ambiguity while some others, if violated, may make a meaningful probe very difficult. Some of the stipulations hardly make sense. Also, there are ... More

SEBI suspends CSE broker
THE Securities and Exchange Board of India (SEBI) has suspended a prominent Calcutta Stock Exchange broker — C Mackertich Ltd — for six months, for, among other reasons, unofficial badla transactions. Though the SEBI order was ... More


PSU stocks lend some life to listless trading
CROSS-BORDER tensions continued to keep the markets on tenterhooks. Sentiment dampened again on Monday after the Pakistani missile tests and the growing rhetoric seemed to weigh heavy on the minds of investors. Stemming from this, key market ... More


BPCL seeks Ministry's nod for IPO
BHARAT Petroleum Corporation Ltd (BPCL) has said that it has sought `in principle' approval of the Petroleum Ministry to make an initial public offer (IPO) of about 50 million equity shares. In a letter to the National Stock Exchange and the ... More
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Looking back
May. 19-May. 25
It's a roller-coaster ride -- Steel gains 20% in M-cap; entertainment loses 15 pc

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