The Hindu Business Line : Thursday, May 15, 2003

Dr Reddy's grants stock options to employees
THE Hyderabad-based pharmaceutical major, Dr Reddy's Laboratories Ltd, listed on the New York Stock Exchange (NYSE), has granted 3,69,300 stock options to its employees through a circular resolution of the Compensation Committee of the Board of ... More

TECHNICAL ANALYSIS

Bull onslaught
BULLS extended their pressure over Wednesday's trading activity. Their dominance for the second successive trading day left the bears stranded. The market sentiment reading of the tradeable counters stands bullish with no downtrend counters. Bear ... More

STOCK MARKETS

Order talk lifts Hexaware
THE counter of software services company Hexaware Technologies witnessed hectic activity on the bourses on Wednesday. According to analysts, the Hexaware stock gained steam amid speculations that the company had bagged three to four orders in ... More

Shasun Chem touches 52-week high
HEAVY operator interest at the Shasun Chemicals counters saw the share hit a 52-week high at Rs 142.50 on the BSE during mid-afternoon trades. Market sources said that the stock gained momentum following reports that the company was close to an ... More

Textile stocks gain on Budget sops, WTO
AFTER banking and auto-ancillary sectors, stocks of textile sector are being eyed by the market players following the various fiscal incentives provided by the Government in the Union Budget 2003-04 and also the removal of quota system under the ... More

DERIVATIVES MARKETS

Open interest build-up in SBI
THE derivatives market was in accord with the spot market. Volumes in the NSE derivative segment on Wednesday was higher by 17 per cent at Rs 2154 crore as against Tuesday's turnover of Rs 1835 crore. Index futures: With the spot Nifty ... More

INVESTOR GRIEVANCES

Redress investor grievances or pay up, SEBI tells cos
THE Securities and Exchange Board of India (SEBI) has said that it can impose a penalty of Rs 1 lakh per day or Rs 1 crore (whichever is lower) on 24 companies for their failure to redress investor grievances. SEBI added that it is empowered to ... More

COMMENTARY

HLL rebound props up Sensex
A BOUNCE-BACK in index heavyweight HLL pepped up the BSE index. The action in banking, auto ancillary and other engineering stocks continued on Wednesday too. The market sentiment appeared upbeat as stocks across sectors such as textiles, ... More

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