The Hindu Business Line : Thursday, August 29, 2002

Restricted movement
WEDNESDAY'S market action witnessed a restricted movement. Bulls were unable to make any impact during the day's trading. The sentiment reading of the tradable counters stands in favour of bears. Bull domination on Thursday is likely to ... More

STOCK MARKETS

Ethanol move fuels Praj Industries' rise
PRAJ Industries Ltd (PIL), manufacturers and designer of fermentation and distillation equipment, witnessed a sharp gain today in stock price as well as volumes on expectations of the company bagging fresh orders for fuel ethanol ... More

Satyam Computer up on order talk
SOFTWARE major Satyam Computer jumped sharply on Wednesday on order talk. On the BSE, the stock closed 3.65 per cent higher at Rs 227.15 with volumes of 85.80 lakh shares. On the NSE, Satyam gained 5.57 per cent at Rs 226.50 with volumes of 2.12 ... More

Infosys, Zee inch up in MSCI index recast
INDIA'S weightage in the Morgan Stanley Capital International (MSCI) Emerging Market Free (EMF) index has seen a marginal increase to 4.2 per cent from 4.1 per cent in its recent recast. The revised index comes into effect from August 30. In ... More

DERIVATIVES MARKETS

Bet on Tata Engg 140 calls
THE following are some buy/sell strategies based on Wednesday's trading in the derivatives segment at the NSE: Equity options: Tata Engg could see some upside in the near term. The stock may move up to Rs 140, and then to Rs 150 if ... More

COMMENTARY

Infotech stocks recover lost ground
IN the absence of any major triggers, the indices moved in a narrow band on Wednesday. The `A' group stocks largely remained flat, with a few stocks making noticeable movements in either direction. After sliding in the early part of the day, the ... More

IPOS

Union Bank IPO oversubscribed three times
THE Rs 288-crore initial public offer of Union Bank of India is understood to have been oversubscribed nearly three times, an indication perhaps that investors are confident of investing in fundamentally strong issues. Merchant banking sources ... More

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Looking back
Aug. 18-Aug. 24
Exit price for delisting — Reverse book-building route prone to manipulation: CII

SEBI may merge trading floors of regional bourses

`Equity markets attractive at present' — Mr Sanjiv Shah, Executive Director, Benchmark Mutual Fund

Arbitrage making a comeback at bourses