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Tuesday, April 26, 2005

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PREFERENTIAL ALLOTMENTS


Tera Soft to issue 15-lakh warrants
THE board of directors of Tera Software recommended issue of 15-lakh share warrants at a price of Rs 31 to be converted into 15-lakh equity shares of Rs 10 each at a premium of Rs 21 on a preferential allotment basis. The board has decided to ... More

OPEN OFFERS


Jhunjhunwala sells 5.5% stake in Crisil open offer
MR Rakesh Jhunjhunwala, the single largest shareholder in the rating firm Crisil, has sold 5.5 per cent stake to Standard & Poor's in the open offer which closed today. The sale by Mr Jhunjhunwala is significant as he along with his family held . More

TECHNICAL ANALYSIS


Range-bound movement
MONDAY'S market action resulted in terminating the uptrend in few tradable counters. However, the sentiment reading of the tradable counters remains bullish. Bear move on Tuesday is likely to change the sentiment reading in their favour. ... More

STOCK MARKETS


Sundram Fasteners up on acquisition talk
SUNDRAM Fasteners saw vigorous activity on Monday, with more than four lakh shares changing hands. The price of the Re 1 share rose by 11 per cent to close at Rs 121.40 on the NSE. On the BSE, the stock closed at Rs 123.25 with 58,859 shares ... More

Selling off engg unit boosts Hyderabad Industries
THE Hyderabad Industries counter on Monday spurted to finish at Rs 210.80, up by about 5 per cent, on sell-off of its loss making heavy engineering unit. According to analysts, the unit was a non-core business and a drag on its ... More

Eveready Industries to be re-listed from today
THE Eveready Industries stock would be re-listed on the bourses from tomorrow, after hive-off of its bulk tea business to McLeod Russel, a group company. Along with the asset transfer, the paid-up capital of Eveready has come down to Rs 27.89 ... More

Correction
We reproduce here below the correct version of the table that should have accompanied the analysis captioned "Markets in for a parched summer" published in Business Line dated April 25. The error is ... More

DERIVATIVES MARKETS


Outlook may turn negative for Reliance Ind, HDFC
THE following strategies are based on Monday's trading in the derivatives segment on the NSE: Reliance Industries: The May futures contract closed at 545.50. The outlook may turn negative if it trades below 539.50. The downside target ... More

COMMENTARY


Markets remain buoyant; cement majors gain
MARKETS continued their upward march for the fourth day as the bellwether indices put up respectable gains on Monday. While the Sensex closed the day with a gain of 31 points, the Nifty was up by around 4 points. Smart rally by Satyam, Wipro, ... More

IPOS


`No quality retail space in Chennai'
THE lack of quality retail space in the city has been one of the reasons why Shoppers' Stop has not been able to expand in the city, Mr B.S. Nagesh, Customer Care Associate & Managing Director & CEO, Shoppers' Stop Ltd said. He said that exce More

PUBLIC OFFER


Oriental Bank issue oversubscribed on Day 1
THE public issue of Oriental Bank of Commerce (OBC) has been oversubscribed on the first day of opening. As per the latest details posted on BSE and NSE Web sites, the OBC issue received bids for 9.64 crore shares compared to issue size of ... More
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