Financial Daily from THE HINDU group of publications
Thursday, November 20, 2003
Markets (Nov. 19)
BL 2501721.16 (-26.65)
BSE Sensex4823.73 (-67.40)
S&P CNX Nifty1540.60 (-23.80)
US Dollar (Buy/Sell)45.54/45.68
Gold Std (10 gm)5940 (+60)

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MARKETS

TECHNICAL ANALYSIS


Bear onslaught
BEARS were in total command of Wednesday's trading, leaving the bulls stranded. Wednesday's market action terminated the uptrend counters in the tradable list. The market sentiment reading of the tradable counters stands mildly bearish, with no ... More

STOCK MARKETS


Demerger blues pull L&T, Grasim
THE stock market seems to sense some trouble in the demerger of the Larsen & Tourbo's cement division and its sale to Grasim. If market talk is to be believed there is possibility of a change in the valuation of the demerger. This is mainly ... More

Malwa Cotton scrip doubles; volume low
THE stock market seems to be ignoring the basic rules of equity investment. This is seen from the stock price movement of Malwa Cotton, a loss-making company for the past three years. The stock price of Malwa Cotton has doubled since the ... More

Acquisition rumour fuels IndusInd Bank
THE IndusInd Bank stock has been buzzing on unconfirmed market news over the bank's likely acquisition of Centurion Bank and a non-banking finance company. Hectic buying on Wednesday took the stock to its 52-week high of Rs 32.10. At the end ... More

DERIVATIVES MARKETS


Canara Bank: Outlook negative, short Dec futures
The following strategies are based on Wednesday's trading in the derivatives segment on the NSE: Equity options Canara Bank: The outlook on this stock is negative. The downside price target is Rs 110. Note that the open interest ... More

REGULATORY BODIES & RULINGS


SEBI asks brokers to disclose nature of business
IN a bid to increase transparency in the business of stock market intermediaries, the Securities and Exchange Board of India today made it mandatory for brokers to tell their clients the nature of their business. The capital markets regulator ... More

COMMENTARY


Markets tumble into negative territory
THE markets tumbled into the negative territory for the second consecutive day. The market breadth was weak with 1,100 stocks declining as compared to 752 stocks appreciating. The decline was prominent in the A-group, with 78 per cent of the ... More
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Mid-Term Monetary and Credit Policy for the year 2003-2004

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Top Stories
Govt sets up body to handle corporate governance issues


Spurt in cotton yarn prices leads to export slowdown

Govt skips grain export price revision

EU lifts embargo on Indian sweatshirts

Tariff norms further relaxed for major ports

In Focus
Rising intolerance
(The Hindu)
Vaishnavaite Temples in Tamil Nadu
(The Hindu)
Saivite Temples in Tamil Nadu
(The Hindu)
A Tribute to Semmangudi
(The Hindu)
Organic farming
In Chennai
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
In Depth
Swati CA
In Kashmir
Simple Economics
Slowburn
Tax Talk
NRIs & Investment Avenues
Corporate Governance
Iraq Diary

Looking back
Nov. 9-Nov. 15
FII inflows, export earnings push forex reserves up $706 m

Broader indices likely to outdo benchmarks again

MFs devise bonus options for tax-planners

Govt proposes new interest rate derivative product


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