Financial Daily from THE HINDU group of publications
Thursday, February 07, 2002
Markets (Feb. 6)
BL 2501073.03 (+54.27)
BSE Sensex3427.39 (+115.66)
S&P CNX Nifty1113.10 (+38.85)
Dollar (Buy/Sell)48.65/48.78
Gold Std (10gm)4890 (+30)

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MARKETS

IMPACT


Drug policy: Dormant state
Shares of MNC pharmaceutical companies, notably GlaxoSmithKline and Pfizer, recorded large demand on the heels of the Cabinet approving the new drug policy. Thus far, few significant details of the new policy have been announced, and in its ... More

Sugar decontrol: Sweet news
The decision to totally decontrol the sugar industry is likely to have positive implications for the companies in the sugar industry. Reports indicate that the present controls in the sugar industry including the statutory levy quota would be ... More

TECHNICAL ANALYSIS


Bull onslaught
BULLS were in total control of Wednesday's trading activity. Bears were unable to make any recovery during the day. Stock prices across the board rose sharply. As a result, the market sentiment reading changed in favour of the bulls. Irrespective ... More

STOCK MARKETS


PSU stocks defy gravity
SHARES of Public Sector Undertakings (PSU) turned euphoric on Wednesday guided by the irrefutable success of the Government in flagging off the disinvestment process. The Bombay Stock Exchange PSU Index shot up by a whopping 126.05 points or ... More

PSU stocks take market on joy trip
AFTER a long time the stock market witnessed a bull run led by PSU shares today. The upturn was fuelled by the Government's decision to divest its stake in IBP, VSNL and plans to dilute stake in HPCL and BPCL by July. Apart from PSU stocks, ... More

Decontrol sweetens sugar stocks
SUGAR stocks today buoyed up in varying degrees at the Cabinet decision to take the industry out of the control mechanism. The Balrampur Chini stock was the most active among the sugar shares. The scrip shot by Rs 5 to Rs 95 on the BSE. On the ... More

Positive Budget hopes aid agro-chemical cos
THE stocks of agrochemical companies have been on a steady rise for the past one month on anticipations of further sops in the coming Budget for the agrochem sector. Companies such as Syngenta India, Rallis India, Bayer India and Agrevo India ... More

COMMENTARY


Reform measures spark handsome rally
THE recent privatisation moves and the key economic reform announcements made by the Government appear to have infused fresh interest in the stock markets. After a flat trend for the past few days, the Indian bourses reflected a bullish undertone ... More

Immediate outlook on Tata Engg positive
THE bullish sentiment in the spot market on Wednesday rippled into the derivatives segment at the NSE as well, with most equity calls ending the day in the positive territory. Here are some buy/sell strategies based on the day's ... More

Sify back again to lift Satyam
THE talk of Satyam Computer selling its stake in its Nasdaq-listed subsidiary — Satyam Infoway (Sify) — was back again in the market on Wednesday. This was the major reason for Satyam Computer to gain sharply on the bourses. It ... More

IPOS


Hyundai planning to come out with IPO
HYUNDAI Motor India (HMIL), the wholly-owned subsidiary of the Korean automobile major, Hyundai Motor Corporation (HMC), has initiated discussions with merchant bankers for a possible initial public offering (IPO) of its shares. The issue is ... More
Stock Quotes
SE Diary
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Top Stories
PSU stocks take market on joy trip


Hyundai planning to come out with IPO

McKinsey reiterates $50-b export aspirations

FMCG brands bank on smaller packs

SafeScrypt issues digital signature to Mahajan

IBA directive gives a fillip to CV financing

Gold, silver zoom to new high

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Jan. 27-Feb. 2
Institutional directors of Govt cos 'independent'

Reviving the market by IPOs

UTI writes off 50% of NPAs in monthly plans


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