Fast track
US-64 adds to jitters
THE announcement by the Unit Scheme 64 that it was suspending all repurchases and fresh sale of units appears to have had exactly the opposite effect on the markets, to that expected by the fund.

Impact
Skol Brew: Merger before merger
THE proposed merger of Skol Breweries and Haryana Breweries may not have any influence on the stock prices. The latter was last traded in 1998 and the former is also sporadically traded.

Herdillia Chem: Limited upside
The possibility of an open offer for Herdillia Chemicals may not trigger any significant upside from the present price levels. The stock has moved up by around 50 per cent to Rs 14.7 and the upside from here may be limited.

Stocks
Thin volumes in Lyons Range
TRADING on the Calcutta Stock Exchange was marked by thin volumes and a general decline in prices. The CSE-40 settled at 1,762.01, down from 1767.60, while the CSE-50 closed at 121.66, up from 115.64.

Heavyweights rally on buying interest
AFTER high drama in the middle of the day following wild price fluctuations in index stocks, the Bombay Stock Exchange sensitive index (Sensex) ended Wednesday on a quiet note, lower by 0.41 points at 3,311.88.

Technical Analysis
Restricted movement
WEDNESDAY'S trading activity witnessed narrow movement in the index. The intra-day movement in Nifty was around 12 points. Bears were unable to extend their pressure and this left the sideways trend in the index intact. Nifty closed with a marginal gain of 5 points with respect to Tuesday's close. The market sentiment reading remained bearish.

Page One | Index | Home