The Hindu Business Line : Saturday, February 26, 2005

The equity markets continued to remain upbeat in the current year with the top 50 stocks (Nifty) generating returns of 11 per cent in 2004, following returns of 72 per cent in 2003.

The volume of capital raised in the market ... More

PREFERENTIAL ALLOTMENTS

Merven Drug board approves pref offer
MERVEN Drug Products Ltd (MDPL) has informed the stock exchanges that its board meeting held on Thursday has approved preferential allotment of shares to various parties including promoters. The board approved transfer of business of Arch ... More

TECHNICAL ANALYSIS

Bear domination
The sentiment reading of the tradable counters stands bearish. Bull domination on Monday is likely to terminate the bear count by considerable margin thereby resulting a change in the sentiment reading. Otherwise, the prevailing bearish sentiment ... More

STOCK EXCHANGES

Wipro develops e-filing platform for NYSE cos
SENIOR officials of Wipro Technologies visited the New York Stock Exchange on Friday to showcase the launch of eGovDirect.com, an electronic filing platform to assist NYSE-listed companies with the submission and management of their corporate ... More

STOCK MARKETS

Markets display pre-Budget jitters
PRE-BUDGET jitters rendered the bourses extremely volatile on the last trading session before the `B-Day'. The Sensex opened in the green but could not sustain it as nervous participants made portfolio adjustments before the Budget. The ... More

ONGC, GAIL up on subsidy cut hopes
STOCKS of ONGC and GAIL were suddenly back in the action on Friday. The prices of these two PSUs gained on strong institutional support. According to dealers, the sudden interest in these two counters came on market talk that the Government ... More

Textile stocks firm on Budget hopes
TEXTILE stocks spun gains on the bourses today, primarily on Budget hopes. However, counters of the textiles companies, which had substantial urban real-estates, attracted additional premiums for potential value unlocking. Stocks such as Bombay ... More

Construction stocks jump on FDI move
STOCK prices of companies with huge land holdings as also those into real estate business shot up on Friday. The rise was based on market expectations that their valuation would increase after the Government allowed FDI in ... More

DERIVATIVES MARKETS

Short-term reversal likely in Hero Honda, HDFC
The following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE. The strategies are structured to take advantage of likely short-term price swings. The positions are, therefore, inherently risky and need ... More

REGULATORY BODIES & RULINGS

FICCI protests SEBI move to curb promoters' holdings
THE amendment to the Takeover Code by SEBI, which seeks to bring down the ceiling on acquisition of shares through market purchases and preferential allotment from 75 per cent to 55 per cent for promoters of companies, has irked India ... More

COMMENTARY

GDP forecast fuels improvement in sentiment
THE Union Budget is to be presented in Parliament on Monday and the uncertainties and concerns about the possible tenor of this annual exercise, which has a massive impact on the economy, were amply displayed by the nervousness at the stock ... More

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