Financial Daily from THE HINDU group of publications
Tuesday, August 20, 2002
Markets (Aug. 19)
BL 2501079.18 (+3.05)
BSE Sensex3064.04 (-1.86)
S&P CNX Nifty979.85 (+0.60)
Dollar (Buy/Sell)48.54/48.67
Gold Std (10 gm)5180 (-10)

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TECHNICAL ANALYSIS


Narrow movement
MONDAY'S trading activity witnessed narrow movement. Prices of the tradable counters moved within a close band. However, bulls managed to gain from the day's trading. Bear domination on Tuesday is likely to change the sentiment reading in their ... More

STOCK EXCHANGES


NSE annuls trade of 14 entities in Cyberspace
THE National Stock Exchange (NSE) today said that it had annulled trades of 14 entities in the stock of Cyberspace during 2001. In a statement, the exchange said that after considering the investigation reports and all material and documents ... More

STOCK MARKETS


Optical fibre stocks pinned down by telecom slowdown
THE stock prices of optical fibre manufacturers such as Sterlite Optical Technologies and Aksh Optifibre continue to buckle under the pressure of a global slowdown in telecom industry coupled with a lack of fresh orders from domestic ... More

Strategy shift helps HCL Tech
HCL Technologies witnessed some institutional interest on Monday. Dealers said the stock had generally benefited from the overall institutional interest in tech stocks over the past few days. According to analysts, the company's strategy of ... More

IOC, IBP flare up on block deals
THE share price of Indian Oil Corporation (IOC) stock today spurted with significant volumes on the National Stock Exchange and the Bombay Stock Exchange. The counter of IBP, a subsidiary of IOC, also buzzed with hyper activity. According to ... More

DERIVATIVES MARKETS


Buy puts on BPCL
THE following are some buy/sell strategies based on Monday's trading in the derivatives segment at the NSE: Equity options: The resistance level on BPCL is placed near its current price. On the downside, however, the stock may drift to ... More

COMMENTARY


Tractor stocks fall in narrow trading session
BULLS and bears alike stayed away from what was a very narrow trading session on Monday as the outlook was indecisive. The Sensex though volatile, remained highly range bound — the spread between the intra day high and intra day low being ... More

IPOS


Canara Bank to trim equity base prior to public offer
AS a prelude to tapping the primary market with an IPO, Canara Bank has decided to reduce its equity capital by Rs 278 crore and return the money to the Government. "We have written to the Government a month ago for reducing the bank's equity ... More
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