The Hindu Business Line : Thursday, July 28, 2005

Reliance to close share buyback offer on Aug 2
THE board of Reliance Industries, on Wednesday, decided to close the equity share buyback programme of the company with effect from August 2 this year, nearly five months ahead of its initial date of closure. The buyback offer in the open ... More

TECHNICAL ANALYSIS

Bull charge
BULLS maintained their supremacy over Wednesday's trading activity. The day's market action resulted in reducing the bull count by a considerable margin. However, the sentiment reading of the tradable counters remains bullish. Bear domination ... More

STOCK MARKETS

Rains fail to dampen Sensex
HEAVY rains in Mumbai and various parts of Maharashtra failed to dampen sentiment of traders on Wednesday, as frontline stocks' prices continued to move up pushing the Sensex past the 7,600-mark, another high for the index. But the rise in the ... More

ITI slips as loss fears loom
Dealers said several traders who bought the shares at a higher price last week have started selling . Most of them are selling the shares due to stop loss being triggered. In a stop-loss situation, a trader sells if the stock price falls below ... More

Hopes of profile change lift Yash Management
THE market has been re-evaluating Yash Management and Satellite, a Mumbai-based erstwhile media content provider, finance and investment company, on expectation of a transformation in its business profile. The stock has been witnessing a surge ... More

DERIVATIVES MARKETS

Tax set offs in stock options & futures contracts — CBDT spells out conditions for recognition of stock exchanges
THE legal decks have been cleared for a taxpayer to set off for tax purposes, his profits and losses in `options' and `futures' (derivative instruments) contracts in stocks, against gains and losses from other sources of income. The Central ... More

COMMENTARY

Reliance propels Sensex
THOUGH the torrential rain that lashed Mumbai affected the business volume, it did not have any impact on the market sentiment. The benchmark indices closed on a positive note for the fourth day in succession. Helped by the better than expected ... More

IPOS

IL&FS Investsmart lists at 45 pc premium
IL&FS Investsmart India, a financial services company, today listed on stock exchanges at a premium of more than 45 per cent on the issue price of Rs 125. On the NSE, the stock closed at Rs 183, up 46.56 per cent on the issue price with a ... More

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