Financial Daily from THE HINDU group of publications
Tuesday, October 29, 2002
Markets (Oct. 28)
BL 250996.05 (-6.22)
BSE Sensex2834.41 (-41.12)
S&P CNX Nifty922.70 (-9.50)
Dollar (Buy/Sell)48.38/48.52
Gold Std (10 gm)5160 (+20)

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IMPRESSIONS


Holding public to ransom
HISTORY, it is said, never forgives those who refuse to learn lessons from the past. The disruption in the local and trunk telephones services for several days now has a familiar ring. The nationwide postal strike more than three years ago is ... More

MICROSCOPE


Britannia performs better than the numbers suggest
WITH net sales slumping by five per cent and net profits inching up by a mere 3.6 per cent, Britannia Industries' financials for the quarter ended September 2002 may appear lacklustre. But the numbers are actually better than they appear. The ... More

Drought ploughs into Punjab Tractors net
PUNJAB Tractors Ltd's (PTL) drastic fall in profits for the second quarter of this fiscal in comparison to the last has not come as a surprise. On the one hand, the company's profitability is under pressure from falling offtake and consequently ... More

EAR TO THE GROUND


MFs caught on the wrong foot
THE excellent financial results by agro-chemical manufacturer United Phosphorus had some of the private mutual funds foxed on Monday. These funds had sold bulk of their holdings before the financial results and were back on the buying list on ... More

ON THE HEDGE


Construct November bull call-spread on ACC
THE following are some buy/sell strategies based on Monday's trading in the derivatives segment at the NSE: Equity options ACC: The outlook on this stock appears positive, though the upside is limited. The upside price ... More

SENSOR


Key pivotals come under selling pressure
THE benchmark BSE Sensex spiralled down on Monday, the sixth trading day in a row and closed lower. Selling pressure witnessed in the counters of the index heavyweights appeared to be the reason for the decline. Click here ... More
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