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Thursday, February 26, 2004

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TECHNICAL ANALYSIS
Bears regain
THE sentiment reading of the tradable counters stands bearish with no uptrend counters. Irrespective of bull or bear domination on Thursday, the prevailing sentiment is likely to continue with a slight change in its value. Nifty futures ... More

STOCK MARKETS
Govt knows who's behind stock crash, says Shourie
"We have identified the people behind it. Some people worked in anticipation that the Government will give a 5-10 per cent discount from the last closing price when it announces the floor price." More

Sensex sheds 116; PSU shares lead fall
THE statement of the Disinvestment Minister, Mr Arun Shourie, that the Government has identified the people associated with depressing the stock prices in the run-up to the public offer of six PSUs, resulted in a decline in stock prices today as ... More

New orders prop up Saw Pipes
THE stock of the leading submerged arc-welded (Saw) pipes major continued to surge on the bourses, on talk of the company bagging new orders on both export and domestic front. The counter, which had over the last month witnessed some pressure ... More

Patni Computers lists at marginal premium
THE IPO of Patni Computers made its debut on the stock market on Wednesday with the stock listing at a marginal premium to the offer price. The scrip closed at Rs 234.45 on the NSE compared to the offer price of Rs 230 for Rs 2 face-value ... More

Select pharma stocks gain
SELECT pharma stocks were bought on Wednesday when there was heavy selling in the overall market. Some of the pharma stocks bought included Cipla, Dr Reddy's, Ranbaxy, Aurobindo Pharma and Divi's Laboratories. Dealers said that select market ... More

DERIVATIVES MARKETS
Reliance remains active
WITH the spot market witnessing a severe beating, the activity at the derivative segment on the NSE dipped on Wednesday, just ahead of the expiry of the February contracts. The F&O segment witnessed a turnover of Rs 15,915 crore as against ... More

COMMENTARY
Benchmark indices slump again
THE recovery witnessed on Tuesday turned out to be short-lived as the market sentiment turned bearish on Wednesday. Led by the weakness in Reliance Industries, key benchmark indices - BSE Sensex and S&P CNX Nifty registered a sharp drop ... More

PUBLIC OFFER
GAIL India share floor price fixed at Rs 185
THE Government has fixed a floor price of Rs 185 per share and will give a five per cent discount to retail investors for the proposed public offer for sale of its 10 per cent equity in the gas transmission company GAIL (India) Ltd. The ... More


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