The Hindu Business Line : Wednesday, April 30, 2003

Narrow movement
BULLS gained during the initial hours of Tuesday's trading activity. Thereafter, the bears took over, wiping out their early losses. The prices of the tradable counters moved within a close band. The market sentiment reading of the tradable ... More

STOCK MARKETS

Auto, housing finance ride on bank rate cut
THE share price of select auto majors and housing finance companies surged ahead on the back of a cut in bank rate by the RBI on Tuesday. According to the market grapevine, stocks where financing plays a key role such as the counters of Bajaj ... More

Today's Writing up on partner hopes
THE stock of Today's Writing Products has been moving up sharply in the last two weeks, from Rs 11 to Rs 28. There was active buying in the counter on Tuesday and the stock closed at Rs 28.20, up 9.94 per cent with a volume of 1.28 lakh shares on ... More

Bank stocks lose steam on profit booking
THE strategy of `buy on rumour, sell on news' seemed to have worked quiet well as far as trading in banking stocks was concerned today as Dr Bimal Jalan gave the market half of what it expected yesterday, i.e., a Bank Rate cut but not such luck ... More

Improved Q1 perks up Ranbaxy Labs
THE Ranbaxy Laboratories stock today shot up more than three per cent on the announcement of final dividend and rise in the company's net profit in first quarter to March 31, 2003. The Q1 result, which was announced today, showed around 77 per ... More

DEBT MARKET

Debt securities: SEBI panel proposes stricter norms
The committee has proposed that a listed company, should have the same exhaustive disclosure requirements as were normally required under the Companies Act and the listing agreement. More

DERIVATIVES MARKETS

SBI remains active
TRADING remained lacklustre at the derivative segments on the NSE on Tuesday with turnover improving marginally to about Rs 1,880 crore from Monday's Rs 1,809 crore. Nifty futures: While the May ended the day at 930.30, in discount to ... More

COMMENTARY

Pressure at end of day wipes out gains
THE bounce back of the international indices caused the markets to open on Tuesday on a positive note. However, selling pressure towards the end of the day wiped out some of the gains. With stock specific gains, the benchmark indices ended the ... More

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