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Friday, January 09, 2004

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MARKETS

INSIGHT
Sensex and the doctrine of caveat emptor
AFTER touching the 6000 mark, the Sensex nose-dived by about 200 points. It is time retail investors became careful, as the market already seems to be over-heated and may go in for correction any time. Surely March ... More

STOCKS
Digital gets nod to delist
BANGALORE: Digital Globalsoft Ltd has informed the Bombay Stock Exchange that it has received shareholder approval for the special resolution for delisting of the company's shares on a poll at the extraordinary general meeting held on ... More

TECHNICAL ANALYSIS
Bull onslaught
BULLS were in total command of Thursday trading activity. Their dominance left the bears with no opportunity during the day's trading. The sentiment reading of the tradable counters stands bullish with no downtrend counters. Bear domination on ... More

STOCK MARKETS
IT stocks zoom on the eve of quarterly results
IN the matter of timing the announcements of the quarterly results, IT companies always beat others. The Hughes Software and MphasiS BFL today declared their Q3 results and upped their guidance for the Q4. But the grand opening for the earning ... More

`Further fillip to buoyant markets'
FUND managers and stockbrokers expect the Government's surprise pre-election sops to give a further fillip to the already buoyant market. No one in the market expected an announcement today though there were reports of possible duty cuts on ... More

Market sizzles, Sensex soars
AFTER the stock market regulator announced steps to pump in more liquidity into the booming stock market, the Government today gave investors reason to make use of it. As news of the `mini-Budget measures' filtered into the stock market towards ... More

Forging new ties
ONE of the hottest mid-cap stocks of the year, Bharat Forge Ltd is said to be looking to privately place some of its equity. The market grapevine says the placement is likely at a price of over Rs 1,000 per share. Investors are also expecting ... More

Bhushan Steel: Valuations attract sustained buying
THE stock of Bhushan Steel and Strips surged 10 per cent on sustained buying amidst talk of improved revenue visibility. Brokers said that apart from the feel-good factor surrounding the steel sector scrips currently, the counter has been ... More

`Margin trading is risky but useful'
CAPITAL market intermediaries have welcomed the Securities and Exchange Board of India's decision to introduce margin trading in stock markets from February 1, 2004. "Margin trading is being introduced at the right time when the markets are in ... More

DERIVATIVES MARKETS
SBI: Outlook positive, buy Feb. futures
THE following strategies are based on Thursday's trading in the spot and the derivatives segment on the NSE: Tata Tea: The outlook on this stock is positive. The upside price target is Rs 446. Consider buying the February futures on the ... More

COMMENTARY
A day to cheer for the markets
THE markets had all the reason to be on an upswing, what with SEBI set to introduce margin trading and securities lending scheme from February 1, talks between India and Pakistan and also the good results of Hughes Software clubbed with an ... More

IPOS
Allotment ratio of GAIL, ONGC shares after bids: Shourie
THE Government will decide the ratio of allocation of shares to retail investors and institutions after the bids come in for the sale of 10 per cent equity each in Oil and Natural Gas Corporation (ONGC) and GAIL. ``Both GAIL and ONGC issues ... More

PUBLIC OFFER
GAIL float to hit market on Feb 23
THE Government will first launch the public offer for sale of 10 per cent of its equity in gas transmission company GAIL (India) Ltd on February 23 followed by the public issue of 10 per cent equity in oil exploration company ONGC on March ... More


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Top Stories
Details of duty changes


`Mini Budget' keeps India Inc busy

Sensex and the doctrine of caveat emptor

Petrochemicals: Party in the pipeline

Keep your boss informed, climb ladder

Looking back
Dec. 28-Jan. 3
Forex reserves: FII investment trend `will determine future'

Equity funds are one up on market-linked insurance plans

`Stock market is a buffet waiting to be relished'

ONGC gains 12 per cent on dividend, stock-split hopes


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