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Wednesday, August 18, 2004

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STOCKS
No trading in GTB scrips from Aug 27
AFTER more than three weeks of announcement of merger of the troubled-Global Trust Bank (GTB) with the public sector Oriental Bank of Commerce (OBC), trading in GTB scrip will be suspended from August 27. Record date in GTB scrip has been ... More

TECHNICAL ANALYSIS
Bulls gain
BULLS gained control of the initial hours of Tuesday's trading. Their initial pressure led to the termination of most of the downtrend counters in the tradable list. The sentiment reading of the tradable counters stands bullish. Bear domination ... More

STOCK MARKETS
Asian Paints: A rosy picture
DESPITE the fact that the stock of Asian Paints Ltd has been quoting at a premium to the market or that it registered a weak performance in financial year 2004, the stock continues to remain on the market radar. Asian Paints reportedly trades ... More

VSNL gains on news of Intelsat sale
INTELSAT'S announcement that it has signed an agreement to be acquired by a consortium of private funds drove up the price of Videsh Sanchar Nigam Ltd (VSNL) on the domestic bourses, on hopes of substantial capital gains for VSNL which has a ... More

Ranbaxy falls on slow growth concern
THE Ranbaxy Laboratories stock has been on a downward move in the last few days on concerns of fall in profit in the next few years due to increased competition in its generics business, analysts said. The stock price of the company is down ... More

Sun Pharma shines on fund buying
THE counter of Sun Pharmaceuticals is attracting lot of market attention over the last few days. Dealers said several FIIs and domestic institutional investors have shown interest in the stock. The main reason for the interest is good valuation ... More

DERIVATIVES MARKETS
Outlook negative for Tata Motors, BPCL
THE following strategies are based on Tuesday's trading in the spot and the derivatives segment on the NSE: Tata Motors: The stock closed at Rs 395 in the spot market. The outlook appears negative. The downside price target is Rs 363. ... More

COMMENTARY
Sensex flat; cement, steel in limelight
THE markets closed on a flat note as the initial enthusiasm faded as the day progressed. The Sensex ended on a flat note after on a strong 40-point gain in the initial trading hours. Cement, steel and auto stocks led the initial upmove. During ... More

IPOS
Sah Petro gets RoC nod for public offer
MUMBAI: Sah Petroleums Ltd said it has received clearance from the Registrar of Companies for its upcoming IPO. The company plans to come with an IPO in the last week of August. ... More

OUTLOOK
LSE to focus on China, Russia, India for growth
THE London Stock Exchange (LSE) has identified India, China and Russia as the core markets for future growth as global companies are increasingly focussing on these markets. "These are the markets which would be powerhouses of the future," ... More


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