Financial Daily from THE HINDU group of publications
Saturday, August 02, 2003
Markets (Aug. 1)
BL 2501349.28 (+9.52)
BSE Sensex3815.31 (+22.70)
S&P CNX Nifty1195.75 (+9.90)
US Dollar (Buy/Sell)46.13/46.26
Gold Std (10 gm)5400 (-40)

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MARKETS

TECHNICAL ANALYSIS


Bull domination
BULLS gained control of Friday's trading activity. Their dominance resulted in initiating the uptrend in most of the tradable counters. The market sentiment reading of the tradable counters stands bullish. Bear domination on Monday is likely ... More

STOCK MARKETS


Punjab Tractors sees hectic activity on `erroneous news'
IT was a day of hectic activity for the Punjab Tractors scrip. The action followed after an "inadvertent" announcement on the Bombay Stock Exchange (BSE) Web site that CDC Capital Partners, the successful bidders for the Punjab Government's 23.5 ... More

Auto stocks on a roll
AUTOMOBILE stocks seem to be roll in anticipation of better sales during the quarter. According to market sources, buying interest was witnessed across the board with institutional and retail investors flocking these counters. From HCV (heavy ... More

DERIVATIVES MARKETS


ACC: Limited upside, construct call-spread
THE following strategies are based on Friday's trading in the derivatives segment on the NSE: Equity options ACC: The outlook on this stock is positive. The upside price target is Rs 214. The downside risk level is Rs 194. ... More

COMMENTARY


Broad-based rally continues
AFTER a shaky start on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), when the benchmark indices in both the bourses slid after a marginal rise, sentiment perked up. During the remaining part of Friday's trading ... More

ECONOMIC OFFENCES


CSE members role in stock scam
WITH the market regulator suspending Pramod Kumar Drolia and Co, member of the Calcutta Stock Exchange (CSE), on several grounds, the theory that a section of Lyons Range operatives played a key role in the last securities scam has become ... More
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Looking back
Jul. 20-Jul. 26
Free-float Sensex: HLL to lose weightage; HDFC may gain


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