The Hindu Business Line : Friday, March 25, 2005

Bears prevail
BEARS prevailed over Thursday's trading activity. However, they could not gain much from the day's trading. The sentiment reading of the tradable counters remains strongly bearish with no uptrend counters. Bull domination on Monday is likely to ... More

STOCK MARKETS

Downtrend pinches mid, small-cap indices more
MID- and small-cap stocks, which have been the favourites of the Indian stock market in recent times, have taken a beating this month recording price falls sharper than those in the large cap stocks. A comparison of the various stock indices ... More

ITC: A welcome lapse for it
The ITC stock on Thursday moved up 3 per cent as the Presidential ordinance, issued on January 25, bringing about an amendment retrospectively to the Central Excise Act, 1944, to enable recovery of excise dues from the company, has purportedly ... More

DERIVATIVES MARKETS

Short reversal likely in Tata Steel, ONGC
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE. Tata Steel: The March futures contract closed at 417. The outlook may turn positive if the near-month contract trades above 418. The upside ... More

FOREIGN INSTITUTIONAL INVESTORS

Fidelity's India Advantage Fund corpus crosses $1 b
GLOBAL fund house Fidelity Investments has said that total net assets of the Luxembourg-based `Fidelity Global Selection - India Advantage Fund' have crossed $1 billion. The investment trusts are yen-dominated, open-end contract offshore ... More

COMMENTARY

Steel stocks brace up; oil cos suffer
THE market closed in neutral territory on Thursday, the last trading session for the week, after see-sawing during the day's trading. The Sensex opened at 6,456 points and plunged to an intra-day low of 6,412 points before recovering smartly to ... More

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