Financial Daily from THE HINDU group of publications
Wednesday, May 14, 2003
Markets (May 13)
BL 2501044.09 (+9.40)
BSE Sensex2960.62 (+17.84)
S&P CNX Nifty944.20 (+8.20)
Dollar (Buy/Sell)47.11/47.24
Gold Std (10 gm)5495 (+5)

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MARKETS

TECHNICAL ANALYSIS


Bull domination
BULLS were in total command of Tuesday's trading activity. Bears were unable to make any impact during the day's trading. The sentiment reading of the tradeable counters stands neutral. Bull domination on Wednesday is likely to change the ... More

STOCK MARKETS


Hopes on numbers trigger interest in Thermax
THE share price of engineering major Thermax gained momentum on the bourses on hopes of impressive results and a huge dividend pay-out for the fiscal year 2002-03. A hefty order book has ensured that the company is looking at good growth ... More

Deccan Gold becomes first listed gold exploration co
INDIA finally has a listed gold exploration company. Deccan Gold Mines Limited— formerly Wimper Trades Limited held by the Kanorias— has become the first listed gold exploration company in India with the renowned Australian gold miner, ... More

Auto ancillary scrips hit accelerator
AUTO ancillary stocks have hit the accelerator buoyed by news of global automobile manufacturers increasingly sourcing auto components from domestic players. According to market watchers, major auto components stocks have appreciated by ... More

Mid-caps buoyant
EVEN as the benchmark stock indices - BSE Sensex and NSE's Nifty - are languishing close to 52-week low levels, mid-cap companies' stocks are witnessing increased investor participation. The investors, especially retail, were investing in ... More

Ceat gains on outsourcing move
THE stock of tyre company Ceat Ltd was in limelight on Tuesday with select buying interest. Dealers said the interest in the counter was mainly due to the company focussing on the outsourcing of tyres from various companies and selling ... More

DERIVATIVES MARKETS


SBI near-month calls active
VOLUMES in the NSE derivative segment on Tuesday were rather dull with the number of contracts traded improving but the turnover was stagnant at Rs 1,835 crore against Monday's turnover of Rs 1,850 crore. Index futures: With the spot ... More

INTEREST RATES


Oh, for a little inflation
FOR the first time last week in recent memory, the negative correlation between US stocks and bonds broke down. The catalyst was the post-meeting statement of the Federal Open Markets Committee (FOMC), which met to decide on interest rates. As ... More

COMMENTARY


Strong buying in heavyweights raises Sensex
AFTER four consecutive trading days of downward movement, the benchmark BSE Sensex rose by 17.84 points on Tuesday. The strong buying interest witnessed by the counters of Index heavyweights appears to have aided the northward movement of the ... More
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In Focus
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In Depth
Simple Economics
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Books and Reviews
Looking back
May. 4-May. 10
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Can the market bank on banking stocks?

Investors fancy cos with high dividend yield


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