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Tuesday, November 30, 2004

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MARKETS

STOCKS
Reliance scrips too make gains
SHARES of Reliance group companies also managed to turn around on Monday after the hammering of the previous week. Brokers attribute this to value buying. Market is also speculating that the promoters of Reliance group companies may also be ... More

Warburg Pincus to pick up 2.75% in Kotak Bank
INVESTMENT firm Warburg Pincus will pick up a 2.75-per cent equity stake in Kotak Mahindra Bank at a price of Rs 230 per share. Kotak Mahindra Bank shares closed 6 per cent up at Rs 255.55 per share on the BSE on Monday. A press release from ... More

TECHNICAL ANALYSIS
Bull onslaught
BULLS were in total command of Monday's trading activity. The sentiment reading of the tradable counters stands bullish. Bear pressure on Tuesday is likely to reduce the bull count to a bare minimum, thereby neutralizing the sentiment reading. On ... More

STOCK MARKETS
Sensex near record high — Gains 122 points at 6157.77
THE stock market put aside the woes of the Ambani brothers, to take the Sensex up to a thumping 122-point joy ride. The market opened smartly and though the first hour of trading was slightly sluggish, it picked up pace during the course of the ... More

Steel stocks up on demand hopes
FOLLOWING a statement by Japanese auto maker Nissan Motor Co of a shortage in steel hitting production at some of its plants, there was a perceptible hardening of steel stocks across the board on Monday. There is talk in the market of a global ... More

FOREIGN INSTITUTIONAL INVESTORS
FIIs to wait and watch on Reliance group
FOREIGN Institutional Investors (FIIs) are following a wait and watch policy on the shares of Reliance group of companies. Fund managers for FIIs are yet to revise their outlook on the Reliance share. "Though, we are not telling our clients to ... More

FIIs' investments likely to touch $8 billion in 2004
DESPITE stock indices close to their all-time high levels, foreign investors are still bullish on India and feel more funds will come to the country in the remaining part of the year. Speaking at the Fund World 2004 conference here on Monday, ... More

REGULATORY BODIES & RULINGS
SEBI watching Reliance group developments
SEBI is monitoring corporate developments in the Reliance group companies in the wake of the ongoing power tussle and the resignation of six Reliance Energy directors. "As the investor base of the Reliance Group companies runs into millions, ... More

COMMENTARY
Markets on a song despite Reliance woes
THE markets began the week on a euphoric note. It appears that nothing could spoil the party for the bulls on Monday, not even the ownership issues that have cropped up between the Reliance brothers. The BSE Sensex soared to 6157.7 points, a ... More

IPOS
Coal India arm likely to come out with IPO
An eight-member expert committee has been set up for recommending a roadmap for the coal sector in India and restructuring of CIL. More


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