Financial Daily from THE HINDU group of publications
Wednesday, August 10, 2005
Markets (August 9)
BL 2502357.20 (-5.86)
BSE Sensex7595.57 (-10.60)
S&P CNX Nifty2318.70 (-5.70)
US Dollar (Buy/Sell)43.49/43.62
Gold Std (10 gm)6200 (-25)


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LKP Merchant shines on turnaround performance
LKP Merchant Financing has of late been witnessing good trading volumes and price movement. The stock today closed at Rs 41.50, up 1.72 per cent, on the BSE. The counter recorded its 52-week high at Rs 45.55 on July 11. According to analysts, ... More

TECHNICAL ANALYSIS


Volatile movement
BEARS prevailed over Tuesday's trading activity. The sentiment reading of the tradable counters continues to be bearish. Bull pressure on Wednesday is likely to neutralise the sentiment reading. On the other hand, the prevailing bearish ... More

STOCK EXCHANGES


BSE moves two more indexes to free-float
THE BSE has decided to shift BSE-200 and BSE-500 indices to free-float methodology. The composition of BSE-200 and BSE-500 indices after this shift would remain unchanged. The exchange has also decided to review the constituents of BSE ... More

STOCK MARKETS


Infotrek Syscom up on new initiatives
INFOTREK Syscom, a company into software development, has risen 20 per cent in the last couple of days. On Tuesday, the stock rose 10 per cent to close at Rs 32.30 on the BSE with volumes of 35,318 shares. Dealers said the interest in the ... More

DERIVATIVES MARKETS


Outlook may turn positive for Dr Reddy's, Hero Honda
Dr Reddy's Labs: The August futures contract closed at 803.50. The outlook may turn positive if the contract trades above 814. The upside target is 860-865. Initiate the position with protective stop at 790. The margin on the futures ... More

FOREIGN INSTITUTIONAL INVESTORS


Gems and jewellery sector favourite with FIIs: study
THE gems and jewellery sector has emerged as a favourite for foreign institutional investors (FII) who have increased their exposure to the Indian stock market, followed by the media sector. According to an Associated Chamber of Commerce and ... More

COMMENTARY


Benchmarks fall amid volatile trading
THE markets continued to be in the correction mode, falling for the third day in a row. It was however, a day of volatile trading. The indices, at first, staged a recovery after Monday's dramatic fall. It, however, ultimately yielded to selling ... More
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