The Hindu Business Line : Friday, May 30, 2003

Bulls march ahead
BULLS exerted further pressure over Thursday's trading activity. Their dominance left the bears stranded. Bears were unable to make any impact during the day's trading. The market sentiment reading of the tradable counters stands neutral. Bull ... More

STOCK MARKETS

SBI touches all-time high
THE stock price of the country's largest commercial bank State Bank of India (SBI) today touched its all-time high on the stock exchanges on heavy buying from domestic investors. The SBI stock touched the day's high of Rs 361.85 on the BSE and ... More

Jain Irrigation perks up on MF buys
THE counter of Jain Irrigation Systems has been seeing a lot of action on the bourses off late. According to dealers, two mutual funds were seen buying into the counter a few days ago and the interest seems to be continuing with the market ... More

Duty cut on set-top boxes boosts broadcasters' stocks
SHARES of select broadcasters and multi-system operators surged ahead on the Finance Ministry's notification on cutting duty on set-top boxes. Brokers said shares of companies such as Zee Telefilms, Hinduja TMT and Hathway Bhawani rallied sharply ... More

DERIVATIVES MARKETS

Backwardation in Tata Steel
WITH the May futures expiring on Thursday, the turnover was higher at Rs 4,115.63 crore as compared to Wednesday's Rs 3,276 crore. Nifty futures: The spot closed at 1002.60 points, gaining 11.80 points. The May Nifty future was the most ... More

COMMENTARY

Old economy stocks push Sensex up
AFTER conceding some ground to the new economy stocks on Wednesday, the old economy stocks regained their sheen on Thursday's trading. Bolstered by a sharp rally in old economy heavyweights such as Hindustan Lever, Reliance Industries and ... More

IPOS

Maruti IPO process begins on June 12
THE first disinvestment deal this fiscal has been firmed up with auto major Maruti Udyog Ltd opening the books on June 12 for its much-awaited public offer for sale of 7.2 crore shares. The books will remain open for a week till June 19. ... More

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