The Hindu Business Line : Friday, May 23, 2003

Bears march ahead
BEARS extended their pressure over Thursday's trading activity. Bulls were unable to make any impact during the day's trading. The market sentiment reading of the tradable counters stands bearish. Irrespective of bulls or bear domination on ... More

STOCK EXCHANGES

BSE director suspended
THE Bombay Stock Exchange (BSE) today suspended Mr G.L. Gera, Director (HRD & General Administration), for alleged financial mismanagement and other irregularities during his tenure at the exchange. A top BSE official said Mr Gera had allegedly ... More

STOCK MARKETS

Outlook bright for aluminium stocks
EVEN as domestic aluminium manufacturers face financial year 2004 with cautious optimism, equity analysts tracking the sector seem to be gearing up for good times, courtesy the rise in global alumina prices. Stocks of most aluminium companies ... More

Tech trio drags on indices
WITH a little help from HLL and ITC, the tech trio of Infosys, Satyam and Wipro pulled the benchmark indices down half a per cent on Thursday, thereby strengthening the perception that valuations for the IT sector look set to sink lower over the ... More

Rain Calcining in MF buy list
THE turnaround of Rain Calcining in the last financial year has attracted lot of institutional interest in the stock of the company. Dealers said there has been increased institutional interest in the counter and one of the largest private ... More

REGULATORY BODIES & RULINGS

New Securities Bill likely in ensuing session
``The idea is to integrate and reconcile the penalty levels in other Securities laws to that of the SEBI Act and make them on par. The penalty levels for misconduct by certain intermediaries in the capital market are still low,'' Mr U.K. Sinha said. More

COMMENTARY

Mixed trend in old economies, IT slide pull down Sensex
THERE was a repeat performance in the stock markets on Thursday, with stocks in the information technology sector continuing to be the `favourite whipping boys' for institutions. The poor sentiment in IT stocks, added with a mixed trend amongst ... More

IPOS

SEBI clears Maruti IPO
THE Securities and Exchange Board of India has cleared the draft offer document for the proposed public offering of Government's 25 per cent stake in India's largest car manufacturer Maruti Udyog Ltd (MUL). The offer of sale, which is being ... More

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