TECHNICAL ANALYSIS
Volatile movement
BULLS extended their pressure during the initial hours of Friday's trading activity. Later on, bears took over and were in total control of the day's proceedings. However, the sentiment reading of the tradable counters continues to remain bullish ... More

STOCK MARKETS
Sensex hits new high intra-day, ends flat
EGGED on by what may be described as `flash budget' proposals, ebullient investors went on a buying spree on Friday, lifting the 30-share BSE Sensitive Index to its life-high level. The BSE benchmark opened at a record 6211.06 and rose to ... More

Further market rally likely: ING Vysya MF
WITH an investment outlook that regional valuations for India were not overly estimated and that price earnings in the Indian stock markets were still favourable, ING Vysya Mutual Fund has said the domestic "markets could rally ... More

SBI stays a star performer
THE counter of country's largest bank, State Bank of India (SBI) was one of the star performers of the day. Despite increased volatility, the stock remained firm. What was more interesting was that the stock gained 20 per cent on the BSE's ... More

Maruti hits new intra-day high
THE stock of Maruti Udyog Ltd surged to hit a new intra-day high of Rs 448, amidst huge volumes on the bourses. The stock, a favourite with the FIIs since its debut on the bourses, received a booster shot on the back of a cut in import duties ... More

IFCI more active on merger announcement
IFCI buoyed up further today on the Finance Minister, Mr Jaswant Singh's announcement that it would be merged with a state-owned bank and a financial restructuring package will be ready before April 1, 2004. The stock got going for the last ... More

DERIVATIVES MARKETS
BPCL: Outlook positive, buy Jan. futures
The following strategies are based on Friday's trading in the spot and the derivatives segment on the NSE: BPCL: The stock closed at Rs 518 in the spot market. The outlook on this stock is positive. The upside price target is Rs 548. ... More

COMMENTARY
Sensex marginally up after intra-day swings
MARKETS witnessed volatile trading activity and the benchmark BSE Sensex closed the last trading day of the week marginally higher. Sensex opened firm at 6211.06 points, about 103 points higher than the previous day's closing, on the back of ... More