Financial Daily from THE HINDU group of publications
Wednesday, December 31, 2003
Markets (Dec. 30)
BL 2502095.99 (+5.08)
BSE Sensex5791.85 (-5.48)
S&P CNX Nifty1873.25 (-0.80)
US Dollar (Buy/Sell)45.54/45.68
Gold Std (10 gm)6200 (+25)

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BSES pact with US bank for GDR conversion
BSES Ltd today informed stock exchanges it has signed an agreement with the Bank of New York, which allows two-way fungibility to international investors holding global depository receipts of the company. Investors can acquire up to three ... More

TECHNICAL ANALYSIS


Volatile movement
THE market witnessed wide swings on both the directions. There was a tug-of-war between the bulls and bears. Bears managed to thwart the bull run and recoup their losses towards the end of the day. Bulls marched ahead at the start but could not ... More

STOCK MARKETS


Sensex ends flat after 120 pt gain — High volatility marks day's trading; `correction overdue'
THE rally in stock prices over the last several sessions was snapped on Tuesday by profit booking that lead to high volatility and shaved-off the day's entire gain of almost 120 points from BSE's Sensex in the last one hour of trading. The ... More

Operators rock stocks
THREE big proprietary traders are said to have sold large chunks of frontline stocks, especially that of Reliance Industries, on Tuesday. According to market sources, while one large brokerage house and a big corporate were seen on the buy ... More

FOREIGN INSTITUTIONAL INVESTORS


PNs account for quarter of FII funds
A quarter of all foreign institutional investment (FII) is through participatory notes, the Securities and Exchange Board of India (SEBI) said on Tuesday. According to new data released by the regulator, the total value of underlying ... More

Tata Motors to raise FII investment limit
TATA Motors Ltd is raising the limit of investment by foreign institutional investors (FIIs) to 35 per cent from the current level of 22 per cent. The company has informed BSE that it is seeking shareholders' approval through postal ballot for ... More

COMMENTARY


Sensex ends a tad lower on a choppy day
MARKETS witnessed volatile trading activity as the benchmark BSE Sensex ended the second trading day of the week on Tuesday marginally lower at 5791.85 points. The 30-stock index fell by 5.48 points (0.1 per cent). The index opened firm at ... More
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ISRO — Crossing milestones

Railways on a positive track

In Focus
Budget Wish-list
Stocks: Dizzying Heights
Steel Industry in 2003
Outsourcing backlash
Stamp paper scam
Housing finance scenario
Insurance Round-up — 2003
Organic farming
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
Rising intolerance
(The Hindu)
Vaishnavaite Temples in Tamil Nadu
(The Hindu)
Saivite Temples in Tamil Nadu
(The Hindu)

In Depth
Insurance Corner
Swati CA
Simple Economics
Slowburn
Tax Talk
NRIs & Investment Avenues
Iraq Diary

Looking back
Dec. 21-Dec. 27
SEBI keeping an eye on bull-run

Auto stocks in top gear in 2003

Many mid-cap stocks tumble on talk of shift to trade-to-trade


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