The Hindu Business Line : Friday, August 01, 2003

IL&FS to acquire Tata TD equity broking, depository accounts
IL&FS Investsmart is taking over the equity broking clients and depository accounts of stock broking firm Tata TD Waterhouse Securities. The IL&FS Investsmart CEO, Mr Hemang Raja, said: "We would be servicing the customers both on the equity ... More

STOCKS

Priced at $49 Infy's ADS opens in style on Nasdaq
INFOSYS Technologies kicked off its sponsored American Depository Shares (ADS) at $49 per ADS on the Nasdaq, a $10 premium over today's closing price of Rs 3,593.30 at the Bombay Stock Exchange. The ADS were trading at $52.01, up 2.01 per cent ... More

TECHNICAL ANALYSIS

Initial gains not held
BULLS exerted further pressure during the initial hours of Thursday's trading activity. During the close, bears managed to recoup their losses. The sentiment reading of the tradable counters stands neutral. Bull domination on Friday is likely to ... More

STOCK MARKETS

ING Vysya stays on in ascend mode
RUMOURS of the parent looking to hike its stake in the bank has seen the share price of ING Vysya Bank gain ground steadily in the recent past. Since the bank has also gone on record saying that it would keep an `open mind' on acquisitions, ... More

Bharti rings out on Q1 numbers
THE stock price of telecom company Bharti Tele-Ventures touched a new high on Thursday due to a good financial performance in the first quarter of the current financial year and aggressive buying from institutional investors. The stock closed ... More

GAIL bolstered by FI buying
THE GAIL (India) scrip on Thursday notched up more than double its usual volumes and its price scaled a new 52-week high on major bourses on largescale investment buying. The stock closed 1.6 per cent higher, after touching the day's peak at ... More

Rama Newsprint `sell-off plans'
Rama Newsprint and Papers was buzzing with activity on consolidation talks. According to dealers, the company's efforts of looking for a strategic buyer are close to paying off with the deal is likely to be finalised shortly. Rama Newsprint had ... More

DERIVATIVES MARKETS

HLL: Outlook positive, buy August 175 calls
THE following strategies are based on Thursday's trading in the derivatives trading on the NSE: Equity options HLL: The outlook on this stock is positive. Note that the call implied volatility has risen sharply in recent times, ... More

COMMENTARY

Profit-booking pares day's gains in Sensex
THE markets were awash with corporate results announcements on Thursday too, and the positive sentiment arising out of the good performance numbers being reported led to a 55-point jump in the Bombay Stock Exchange's 30-share Sensitive Index ... More

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